Nigeria Customs Service (NCS) is implementing a 4 per cent charge on the Free On-Board value of imports. The Spokesman of the service, Abdullahi Maiwada, made this known in a statement by you on Wednesday in Abuja. Maiwada explained that the directive was in line with the provisions of the Nigeria Customs Service Act (NCSA) 2023. ‘In line with the …

Importers have urged the authorities and stakeholders to review the current import duty structure in the country as foreign exchange has led to its escalating costs. According to a statement on Friday, the former acting President of the Association of Nigerian Licensed Agents, Dr Kayode Farinto, made the appeal, adding that the recent surge in import duty due to the …

Nigerian importers may face increased importation costs with the removal of Nigeria from the standard charter party contract by Greece. The development was due to the unfavourable business environment in the country. In a chat with The PUNCH in Lagos on Monday, the President of the Maritime Security Providers Association of Nigeria (MSPAN), Emmanuel Maiguwa, blamed insecurity in the maritime …