Tag: import duties

FG Suspends Import Duties on Selected Imported Items

Hetty

In an effort to mitigate the impact of rising inflation in Nigeria, the Federal Government, through the Nigeria Customs Service (NCS), has announced the suspension of import duties and taxes on certain items. This measure aims to make the goods more affordable for Nigerians amidst the current economic challenges. The Comptroller General of the Nigeria […]

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FG Suspends Taxes, Duties on Importation of Food Items

FG Suspends Taxes, Duties on Importation of Food Items

Hetty

The Federal Government on Monday announced the suspension of duties, tariffs and taxes for the importation of some food items through land and sea borders. The foods include maize, husked brown rice, wheat, and cowpeas. The Minister of Agriculture and Food Security, Abubakar Kyari while announcing a 150-Day Duty-Free Import Window for food commodities said, […]

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JUST IN ! CBN Revokes license of Popular Commercial Bank

CBN Again, Reduces Import Duties at the Ports

Hetty

The Central Bank of Nigeria (CBN) has announced a reduction of the customs import duties at the nation’s ports. The duties are taxes and levies paid on goods imported into the country. They are paid through a commercial bank to the Nigeria Customs Service, which receives the payment on behalf of the federal government. According […]

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Government Set to Slash Import Duties on Vehicles

Government Set to Slash Import Duties on Vehicles, PAN Protests

Hetty

Government plans to slash import duties on vehicles in its bid to cushion the socio-economic condition of citizens. The disclosure was made during the week by Laolu Akande, Senior Special Assistant, Media and Publicity to Vice President Yemi Osinbajo. According to Akande, the move which is aimed at more tax incentives in 2020 will see […]

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