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  • 1 hour ago NNPCL reduces fuel price
  • 2 hours ago How Justice Nyako defied power, let constitution walk back into Senate chamber
Home Tag Archives: 4% FOB levy

Tag Archives: 4% FOB levy

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Customs suspend implementation of FoB levy

By Breezynews
11 February 2025
in :  News
0
83

The Nigeria Customs Service (NCS) has suspended the implementation of a 4% charge on the Free-on-Board (FoB) value of imports. In a statement on Tuesday, NCS’ spokesperson, Assistant Comptroller Abdullahi Maiwasa said that the suspension would enable comprehensive stakeholder engagement and consultations regarding the implementation framework. Maiwasa said the decision aligns with Section 18(1)(a) of the Nigeria Customs Service Act …

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