Customs FOB levy Archives - Industrial Times

Nigeria Customs Service Suspends Implementation of 4% FOB Levy

February 11, 2025 Franklin Ocheneyi

On Tuesday, the Nigeria Customs Service (NCS) announced a temporary suspension of the implementation of the four percent levy on the Free On-Board (FOB) value of imports. Abdullahi Maiwada, the…

Trade and Services

Manufacturers Request Collaborative Action on Customs FOB Levy and NPA’s Tariffs

February 11, 2025 Franklin Ocheneyi

The Manufacturers Association of Nigeria (MAN) is reaching out to the Federal Government with a request for immediate engagement with the Nigeria Customs Service to reconsider the implementation of the…

Today's Quote

“In a country where 129 million are living below the poverty line amid harsh economic conditions, importers will inevitably pass this new fee of 4% FOB costs on to consumers, further straining the budgets of millions of struggling households. And industries that import their raw materials whose duties are only 5%, the customs agency will now charge importers an extra 80% of the duty amount as administrative fees.” – Bukola Saraki, former Senate President.

February 9, 2025 Franklin Ocheneyi

Nigeria Customs Service Suspends Implementation of 4% FOB Levy

Manufacturers Request Collaborative Action on Customs FOB Levy and NPA’s Tariffs

You missed

MAN and Fairtrade Messe collaborate to drive the growth of Nigeria’s agro-food & packaging industries

MAN Tasks Financial Reporting Council on Annual Fees for Private Companies

PAMA Issues Dire Warning on Economic Impact of Insecurities on African Manufacturers

Trade Barriers Stunt Nigeria-Morocco Bilateral Trade 1.88%

Tag: Customs FOB levy

Nigeria Customs Service Suspends Implementation of 4% FOB Levy

Manufacturers Request Collaborative Action on Customs FOB Levy and NPA’s Tariffs

You missed

MAN and Fairtrade Messe collaborate to drive the growth of Nigeria’s agro-food & packaging industries

MAN Tasks Financial Reporting Council on Annual Fees for Private Companies

PAMA Issues Dire Warning on Economic Impact of Insecurities on African Manufacturers

Trade Barriers Stunt Nigeria-Morocco Bilateral Trade 1.88%