The Federal Government has suspended the planned implementation of a 15 percent import duty on Premium Motor Spirit (PMS) and diesel. The Nigerian Midstream...
The Customs exchange rate utilized for calculating import duty at Nigerian seaports has been adjusted from N1,246.66/$ to N1,238/$1. This reduction of N6.14 within two days...
The Nigeria Customs Service (NCS) has revealed a 5% decline in imports during the first quarter of 2024, according to its latest report released on Wednesday....
The Central Bank of Nigeria (CBN) has recently adjusted the methodology used for determining foreign exchange (FX) rates in the context of Customs duty on imports....
Many ports across Nigeria are experiencing a significant decline in activity due to the ongoing Forex crisis, making the importation business prohibitively expensive, according to investigations...
In a recent report by the Centre for Promotion of Private Enterprise (CPPE), concerns are raised over the looming threat of factory shutdowns and a decline...