FG’s 150-Day Duty-Free Rice Importation to Lower Prices, Curb Food Inflation
The Federal Government’s 150-day duty-free window to allow the importation of husked brown rice as part of measures to combat ...
Tag: Import Duty
Customs Outlines Criteria for Duty-Free Food Importation
The Nigeria Customs Service (NCS) has unveiled requirements for companies seeking to participate in the duty-free food importation program as ...
Nigeria Customs Implements Zero Import Duty and VAT on Basic Food Items
The Nigeria Customs Service (NCS) has begun the implementation of the zero percent import duty and exemption of value-added tax ...
Customs Import Duty Exchange Rate Soars to N1,502.136/$
The Central Bank of Nigeria (CBN) has again increased the exchange rate for calculating import duty at the nation’s seaport ...
CBN Approves 43% Increase in Import Duty Rate, Raising Concerns over Economic Impact
The Central Bank of Nigeria, CBN, has approved an increase in the import duty rate by 43 percent. Recall that ...
Duty Hike: Used Vehicle Imports Drop By 40%
The Ports & Terminal Multipurpose Limited Command of the Nigeria Customs Service has said that the introduction of Vehicles Identification ...
FG Granted N341bn Import Duty Waivers Within 3 Years
The Federal Government, Monday, announced that it granted import duty waiver worth N341.94 billion between August 2017 and August 2019. ...
