Ejes Gist News

President Tinubu Signs Bill to Bring Back Old National Anthem Despite Public Outcry

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Tinubu Approves Zero Percent Import Duty on Food Items; NCS Releases Guidelines

August 14, 2024 Chiamaka Chinonso

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…

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Business news

CBN Raises Import Duty Rate to ₦1,618.73/USD Amidst Naira Depreciation

August 5, 2024 Omajemite Don

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.…

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FG Suspends Import Duties, Taxes on Basic Food Items to Combat Inflation

July 31, 2024 Chiamaka Chinonso

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…

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Outrage as Tinubu Raises Import Duty Rate Twice in 24 Hours by 43%

February 5, 2024 Omajemite Don

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…

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