Naira Depreciation Sparks Surge In Fuel Smuggling To Benin, Niger

Leadership | 26-08-2024 07:23pm |

The depreciation of naira by the current administration of President Bola Tinubu to N1,560/$1 has incentivised cross-border smuggling of Premium Motor Spirit (PMS) to Nigeria’s neighbouring countries LEADERSHIP investigations reveal that petrol smuggling is currently booming at border communities in the country. It was gathered that despite the removal of fuel subsidy by the current [...]

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