The Dangote Petroleum Refinery has lowered the ex-depot price of Premium Motor Spirit (PMS), also called petrol, from ₦950 to ₦890. On Saturday, the company announced that the price reduction will begin on Saturday, February 1, 2025. “This strategic adjustment is a direct response to the positive outlook within the global energy and gas markets, as well as the recent reduction in international crude oil prices,” Ripple Effect: Anthony Chiejina, spokesperson Dangote Refinery, said that this price revision reflects the ...
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China files WTO complaint against Trump’s new 10% tariff on imports
The World Trade Organization (WTO) has received a formal protest from China, which claims that President Donald Trump’s new 10% tax on Chinese imports is discriminatory and against WTO regulations. The case, which was filed on Wednesday, also contests Trump’s decision to remove a duty-free exception for low-value goods, which has left shippers and merchants perplexed. As companies struggle with the sudden removal of the “de minimis” exception, which let package imports under $800 to enter the United States duty-free, ...
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