Customs duty

The Central Bank of Nigeria and the Nigeria Customs Service have taken the ongoing foreign exchange reforms to the maritime sector with a 40 percent increase in the exchange rate used for calculating import duty. The NCS raised the…

The Nigeria Export Processing Zones Authority (NEPZA), says that the Free Trade Zones (FTZs) Scheme generated a total of N35.1 billion for government as Customs Duty in 2021. The authority said the sum of N408.3 million was also remitted…