Customs suspend implementation of FoB levy
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 …