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March 12, 2019

Volume 2 Issue 42

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Nigerian Blenders Demand Tariff Hike

The Lubricant Producers Association of Nigeria asked the country’s government to raise the tariff on imported finished lubricants to 50 percent to protect local blenders. Opponents contended the increase would hurt lubricants importers, noting that the current 30 percent tariff forced many companies out of the market when first implemented.