4% fob levy
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Nigeria Government Rethinks 4% FOB Levy as Customs Announces Suspension
The Nigeria Customs Service (NCS) has suspended the 4% free-on-board (FOB) levy on imports to allow for stakeholder consultations. The decision follows concerns from businesses about rising costs and inflation. Authorities will review the policy and engage industry players before determining the...- Nigeria News
- Article
- 1 min read
- 4% fob levy customs duty suspension import charges nigeria nigeria customs service
- Category: Business
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Nigeria Nigeria Customs Service Imposes 4% FOB Levy on Imports
The Nigeria Customs Service (NCS) has introduced a 4% levy on the Free-on-Board (FOB) value of imports, in line with the Nigeria Customs Service Act (NCSA) 2023. The levy covers goods' costs and transportation expenses. Stakeholder consultations and ongoing talks with the Ministry of Finance aim...- Nigeria News
- Article
- 1 min read
- 4% fob levy comprehensive import supervision scheme import duties ncsa 2023 nigeria customs service
- Category: Business
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