Import duty

Nigeria Customs releases guidelines for implementing zero import duty rate on food items. In a significant move to ease the financial strain on citizens, President Bola Tinubu has approved the implementation of an import duty…
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The Central Bank of Nigeria has reviewed the cargo clearance exchange rate at both the nation's seaports and airports to ₦1,618.73 per USD from ₦1,600.32, the highest since March 2024. It was coming in tandem with a 6.43 per…
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The Federal Government has suspended import duties and taxes on basic food items in a bid to cushion the increasing inflation in Nigeria. The decision, assisted by the Nigeria Customs Service, is aimed at easing financial burdens on…
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In a surprising move, Bola Tinubu's influence extends further as the Central Bank of Nigeria (CBN) raises the Customs exchange rate for the second time in 24 hours, this time by a whopping 43%, now standing at N1,414 per dollar. …
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