Tag: Import Duty
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FG introduces guidelines to ease food costs through zero-duty imports
The Federal Government has unveiled guidelines for the implementation of the “Zero Percent Duty Rate and Value Added Tax” exemption on certain basic food items.
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CBN told to lower import duty exchange rate
The Lagos Chamber of Commerce and Industry (LCCI) has advised the Central Bank of Nigeria (CBN) to apply an import duty exchange rate lower than the official rate for a fixed time.
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How we determine import duty rates – Customs
The Nigeria Customs Service (NCS) has disclosed that prevailing exchange rate set by the Central Bank of Nigeria (CBN) determines its rates of import duty collection and not market forces.