8 d. ago Customs exempts manufacturers, government projects from 4% FOB levy

The Nigeria Customs Service (NCS) has announced exemptions from its controversial four percent Free on Board (FOB) import charge to read more Customs exempts manufacturers, government projects from 4% FOB levy

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9 d. ago SEREC calls for 1% CISS reinstatement, NASS review of 4% FOB

Tribune Online SEREC calls for 1% CISS reinstatement, NASS review of 4% FOB The Sea Empowerment and Research Center (SEREC) has welcomed the suspension of the 4 percent Free-on-Board (FOB) levy by the Federal Ministry of Finance, but cautioned that the directive amounts to only a temporary pause since the levy remains enshrined in the Nigeria Customs Service Act, 2023. In a statement released by SEREC Head of […] SEREC calls for 1% CISS reinstatement, NASS review of 4% FOB Tribune Online

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1 week ago 4% FoB levy: LCCI expresses concerns over enforcement despite FG’s suspension

Tribune Online 4% FoB levy: LCCI expresses concerns over enforcement despite FG’s suspension •Calls for policy clarity The Lagos Chamber of Commerce and Industry (LCCI) has expressed its concerns on the continued enforcement of the 4 percent Free-on-Board  (FoB) levy, by the Nigeria Customs Service (NCS), despite a formal directive  by  the Honourable Minister of Finance, suspending it. The Customs had cited Section 18(1)(a) of the NCS Act […] 4% FoB levy: LCCI expresses concerns over enforcement despite FG’s suspension Tribune Online

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1 week ago LCCI Accuses Customs Of Defying Federal Government’s Order On 4% FOB Levy

  The Lagos Chamber of Commerce and Industry (LCCI) has expressed strong concerns over the Nigeria Customs Service’s (NCS) continued enforcement of the four per cent Free-on-Board (FOB) levy, despite a formal suspension directive from the Federal Government. The director-general of LCCI, Dr. Chinyere Almona, stated that “the Customs has cited Section 18(1)(a) of the […]

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1 week ago SEREC advocates 1% CISS reinstatement, legislative review of 4 % FOB 

By Steve Agbota  The Sea Empowerment and Research Center (SEREC) has called for the reinstatement of 1 per cent Comprehensive Import Supervision Scheme (CISS) levy and legislative review of 4 per cent Free-on-Board (FOB) levy recently suspended by the Ministry of Finance.  In a press statement issued and signed by Head of Research, SEREC, Eugene […] The post SEREC advocates 1% CISS reinstatement, legislative review of 4 % FOB  appeared first on The Sun Nigeria.

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2 w. ago Customs consults finance ministry on alternatives for suspension of FOB levy

Tribune Online Customs consults finance ministry on alternatives for suspension of FOB levy The NCS expressed optimism that ongoing discussions with the Finance Ministry and other stakeholders would yield solutions that balance revenue generation... Customs consults finance ministry on alternatives for suspension of FOB levy Tribune Online

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2 w. ago Suspension of 4% FOB levy on import will protect jobs – Airline operators

The Airline Operators of Nigeria (AON) has said the four percent Free on Board (FOB) levy earlier introduced on imports read more Suspension of 4% FOB levy on import will protect jobs – Airline operators

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2 w. ago Airline operators commend Tinubu, Edun  for suspending 4% FOB levy on imports

Nigerian airline operators have praised President Bola Tinubu and Minister of Finance and Coordinating Minister of the Economy, Wale Edun, for the prompt suspension of the proposed 4% Free on Board fee on imports. In a statement released by its President, Abdulmunaf Sarina, and made accessible to Daily Sun on Tuesday, the suspension was described […] The post Airline operators commend Tinubu, Edun  for suspending 4% FOB levy on imports appeared first on The Sun Nigeria.

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2 w. ago AON praises Tinubu, Edun for suspending 4% FOB levy on imports

Tribune Online AON praises Tinubu, Edun for suspending 4% FOB levy on imports The Airline Operators of Nigeria (AON) has commended President Bola Ahmed Tinubu and Minister of Finance Wale Edun for suspending the 4% Free on Board (FOB) levy on imports.  AON praises Tinubu, Edun for suspending 4% FOB levy on imports Tribune Online

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2 w. ago Airline Operators say suspension of 4% FOB levy on imports will protect jobs

The Airline Operators of Nigeria (AON) has said the four per cent Free on Board (FOB) levy earlier introduced on read more Airline Operators say suspension of 4% FOB levy on imports will protect jobs

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3 w. ago Aazik Homes launches residential projects to help bridge Nigerian housing gap

To support the federal government in bridging the country’s housing deficit, Aazik Homes – a fast-rising real estate development firm, read more Aazik Homes launches residential projects to help bridge Nigerian housing gap

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