Nigeria’s oil operating firms have grown from fewer than 10 before 2010 to about 117 today, following the implementation of local content policies that raised performance from under 5% in 2010 to 61% in 2025.
Despite the Dangote Refinery’s reduction of Jet A1 price to ₦1,650 per litre, aviation fuel continues to sell at ₦1,900–₦2,000 per litre across Nigeria, checks by Daily Trust revealed.
The Nigeria Revenue Service (NRS) has set a target of ₦40 trillion in tax revenue for 2026, stressing the importance of collaboration with states to achieve the goal.
The Nigeria Revenue Service (NRS), in partnership with the Joint Revenue Board (JRB), has launched a unified Taxpayer Identification (Tax ID) system for all taxable persons in Nigeria.
The Dangote Petroleum Refinery has announced a reduction in the price of aviation fuel (Jet A1) from ₦1,750 to ₦1,650 per litre, offering relief to Nigerian airlines struggling with rising costs.
