LASG ISSUES TRAFFIC ADVISORY AHEAD OF FANTI CARNIVAL. (PHOTO). #PRESS RELEASE.

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 LASG ISSUES TRAFFIC ADVISORY AHEAD OF FANTI CARNIVAL The Lagos State Government has announced traffic diversions and restrictions ahead of the Lagos Fanti Carnival scheduled to hold on Monday, 6th April, 2026, around Tafawa Balewa Square (TBS), Lagos Island. In a bid to ensure a seamless and hitch-free carnival procession, vehicular movement will be restricted along major adjoining roads linking TBS. Affected Routes are; King George V Road (by Mobil Filling Station), Flag House inbound TBS, Force Road inbound TBS, Onikan Roundabout inbound TBS, and WaterBoy Roundabout by Old Defence House. Additionally, all link roads to Moloney Road, such as Military Road (by Old Defence Building), Ajasa Street, Boyle Street, and Hawley Street, will be closed to traffic during the event. To ease parking challenges, designated car parks have been arranged for public use, these include; the Yoruba Lawn Tennis Club Car Park, Zone 2 Car Park (opposite Island Club along King George V Road), Museum Kit...
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PUMP PRICE TO INCREASE AS PRESIDENT TINUBU APPROVES 15 PERCENT IMPORT DUTY ON PETROL, DIESEL IMPORTS. (PHOTO).

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 Pump price to increase as President Tinubu approves 15 percent Import Duty on petrol, diesel imports


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.

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