President Bola Tinubu has approved a 15 percent ad-valorem import duty on diesel and premium motor spirit (PMS), commonly known as petrol. The approval was conveyed in a letter dated October 21, 2025, by Damilotun Aderemi, the President’s Private Secretary, to the Federal Inland Revenue Service (FIRS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The President’s decision followed a request from the FIRS to apply the 15 percent duty on the cost, insurance, and freight (CIF) value, aimed at aligning import costs with domestic realities. With the implementation of the new import duty, the price of petrol is expected to rise by an estimated N99.72 per litre. Following the announcement, the Nigerian National Petroleum Company Limited (NNPCL) disclosed that it has commenced a comprehensive review of the nation’s three petroleum refineries to bring them back to operation.
The Peoples Democratic Party (PDP) in Kwara State on Sunday formally received Hon. Prince Saheed Popoola, former SDP House of Representatives candidate for Offa/Oyun/Ifelodun Federal Constituency in the 2023 general elections. The official defection ceremony, held at the PDP Secretariat in Offa Local Government Area, drew a large crowd of party faithfuls and political associates who gathered to witness Popoola’s official decamp into the opposition party. Speaking during the ceremony, Hon. Popoola said his decision to join the PDP was borne out of a sincere desire to contribute to the genuine progress and development of Kwara State. “I am joining the PDP not as a desperate politician, but as a dedicated and committed Kwaran who wants true progress and development for our dear state,” He lamented the growing insecurity in the State and blamed the APC government’s lackadaisical attitude for the worsening situation. Popoola described the PDP as the only credible opposition with...