import duty

  1. Fresh Fuel Price Hike Looms as Tinubu Approves 15% Import Duty

    Nigeria Fresh Fuel Price Hike Looms as Tinubu Approves 15% Import Duty

    The Digest: President Bola Tinubu has approved a 15% import duty on petrol and diesel, a move expected to push the pump price of petrol above N1,000 per litre for most Nigerians. According to the Daily Post, the new duty will add nearly N100 to the current cost of a litre, increasing the...
    • Nigeria News
    • Article
    • 1 min read
    • bola tinubu fuel price import duty
    • Category: Business
  2. FG Suspends 4% Customs FOB Charge: Relief for Nigerian Importers

    Nigeria FG Suspends 4% Customs FOB Charge: Relief for Nigerian Importers

    The Digest: The Federal Ministry of Finance has ordered the immediate suspension of the Nigeria Customs Service’s contentious 4% Free on Board (FOB) charge on imports. According to a directive from Minister Wale Edun, the move follows significant stakeholder pressure and aims to ease the...
    • Nigeria News
    • Article
    • 1 min read
    • import duty nigeria customs service
    • Category: Business
  3. Imports Under $300 Now Exempt from Customs Duties, Says NCS

    Nigeria Imports Under $300 Now Exempt from Customs Duties, Says NCS

    The Digest: The Nigeria Customs Service Board has announced a new policy setting a $300 de minimis threshold, making imports at or below this value exempt from customs duties and taxes. Effective Monday, September 8, the measure aims to simplify trade, support e-commerce, and align with global...
    • Nigeria News
    • Article
    • 1 min read
    • import duty nigeria customs tax exemption
    • Category: Business
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