Business
US releases guidelines for new fees on China-linked vessels
The U.S. Customs and Border Protection (CBP) has issued detailed guidance on the implementation of new port fees targeting China-linked…
Tinubu directs Finance Ministry to review revenue deductions by Customs, FIRS, NNPC, NUPRC
President Bola Tinubu has directed the Ministry of Finance to reassess all deductions and revenue retention arrangements by major revenue-generating…
Nigeria’s 2025 New Tax Laws: Major Reforms and Key Changes
On Thursday, 26 June 2025, President Bola Ahmed Tinubu, GCFR, signed into law the long-awaited Tax Reform Bills, marking a…
GTBank resumes international transactions on Naira Mastercards
Guaranty Trust Bank (GTBank) has officially restored international payment functionality on its naira-denominated Mastercards, allowing customers to make foreign transactions…
Customs to replace 7% Surcharge and 1% CISS Fees with New 4% FOB Levy at Ports
The Comptroller-General of Customs (CGC), Adewale Adeniyi, has announced a major shift in Nigeria’s import levy structure, revealing that the…
SIFAX unveils ultra modern warehouse for export Services
SIFAX Shipping has unveiled a state-of-the-art warehouse where consignment stuffing and loading will take place in preparation for the launch…
Customs duty exchange rate drops to ₦1,364/$
The new rate is effective as of today March 28, 2024 on the Customs portal.
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