Customs boss, Adeniyi lauded over suspension of 4% FOB, honoured by maritime media
Stakeholders’ in the maritime business have lauded the Comptroller General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, for prevailing on government to suspend the four per cent Free-on-Board (FOB) value on imports into the country. FoB value is an instrument used by Customs Administrations to assess import duties and taxes in which freight and insurance costs are excluded. …