Foreign

China begins new 84% tariffs on U.S. imports

By Mathew 10/04/2025 0

BEIJING (Sundiata Post) – China officially commenced the implementation of its planned retaliatory tariffs on U.S. goods on Thursday, imposing an additional 84 per cent duty on imports from the U.S. The move came after Washington escalated its trade pressure, with U.S. President Donald Trump announcing on Wednesday a new plan to raise tariffs on […]Continue Reading

Business

FG halts VAT on diesel, cooking gas

By Mathew 03/10/2024

  ABUJA (Sundiata Post) – The Federal Government has introduced new fiscal incentives to boost Nigeria’s oil and gas sector. The two incentives were unveiled by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun in a statement on Wednesday. According to the statement by the Finance Ministry, and signed by the […]Continue Reading

Business

Petrol imports dropped by 3.58bn litres in 1-year – NBS

By Mathew 02/10/2024

ABUJA (Sundiata Post) – Importation of Premium Motor Spirit (PMS) also known as petrol dropped by 3.5 billion litres in the last year, data gathered from the National Bureau of Statistics (NBS) has shown. In the latest petroleum products distribution statistics released by the agency on Tuesday, total petrol imports reduced to 20.30 billion litres […]Continue Reading

News

Major marketers to import 141m-litres of petrol

By Mathew 18/09/2024

LAGOS (Sundiata Post) – Three major oil marketers are expecting vessels of imported Premium Motor Spirit, popularly called petrol, this week barring any unforeseen circumstance, it was gathered on Tuesday. Dealers said about 141 million litres of PMS are being conveyed to Nigeria by the vessels following the full deregulation of the downstream oil sector […]Continue Reading