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Nigeria Customs Service Suspends 4% FOB Charge Amidst Stakeholder Engagement

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Nigeria Customs Service Suspends 4% FOB Charge Amidst Stakeholder Engagement
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BusinessEconomyNews

Nigeria Customs Service Suspends 4% FOB Charge Amidst Stakeholder Engagement

February 12, 20250213
Nigeria Customs Service Suspends 4% FOB Charge Amidst Stakeholder Engagement

The Nigeria Customs Service (NCS) has suspended the implementation of the 4% Free-on-Board (FOB) value on imports, as provided in Section 18(1)(a) of

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BusinessEconomyNews

Committee for Defence of Human Rights Accuses Oriental Energy of Gross Misconduct

February 11, 20250268
Committee for Defence of Human Rights Accuses Oriental Energy of Gross Misconduct

By Barnabas Esiet. The Akwa Ibom State Branch of the Committee for the Defence of Human Rights (CDHR) has issued a stern warning to Oriental Energy

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BusinessEconomyNews

Raenest Secures $11 Million Series A Funding to Expand Global Reach

February 11, 20250235
Raenest Secures $11 Million Series A Funding to Expand Global Reach

By Barnabas Esiet. Raenest, a global multi-currency accounts platform for individuals and businesses across Africa, has announced the successful co

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BusinessEconomyNews

NASENI Unveils New Policy to Boost Commercialization of Local Innovations

February 11, 20250203
NASENI Unveils New Policy to Boost Commercialization of Local Innovations

The National Agency for Science and Engineering Infrastructure (NASENI) has introduced a new policy aimed at promoting the commercialization of its lo

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BusinessEconomyNews

Dangote Peugeot Launches 3008 GT Assembly in Kaduna, Unveils Landtrek Pickup

February 11, 20250249
Dangote Peugeot Launches 3008 GT Assembly in Kaduna, Unveils Landtrek Pickup

In a significant move to reclaim its leadership position in Nigeria's automotive market, Dangote Peugeot Automobiles Nigeria Limited (DPAN) has commen

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BusinessEconomyNews

Central Bank of Nigeria Reschedules Monetary Policy Committee Meeting

February 10, 20250197
Central Bank of Nigeria Reschedules Monetary Policy Committee Meeting

By Barnabas Esiet. The Central Bank of Nigeria (CBN) has announced a new date for the 299th meeting of its Monetary Policy Committee (MPC), which was

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BusinessEconomyNews

Polaris Bank, Partners Donate School Essentials to Gbaja Girls Secondary School

February 10, 20250194
Polaris Bank, Partners Donate School Essentials to Gbaja Girls Secondary School

Polaris Bank, in partnership with Evolve Trust Charity, has continued its initiative to provide school essentials to selected public schools in Nigeri

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BusinessEconomyNews

Nigerian Manufacturers Association Opposes 15% Port Charge Hike

February 10, 20250206
Nigerian Manufacturers Association Opposes 15% Port Charge Hike

The Manufacturers Association of Nigeria (MAN) has expressed strong opposition to the Nigerian Ports Authority's (NPA) proposed 15% increase in port-r

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BusinessEconomyNews

PTML Command of Nigeria Customs Service Implements 4% FOB Charge Amid Stakeholder Concerns

February 10, 20250212
PTML Command of Nigeria Customs Service Implements 4% FOB Charge Amid Stakeholder Concerns

The Ports Terminal Multi-Services Limited Command of the Nigeria Customs Service has begun implementing a 4% charge on free on board services, despite

Read More
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Energy Expert Urges President Tinubu to End Petrol Importation, Prioritize Local Refining

February 10, 20250242
Energy Expert Urges President Tinubu to End Petrol Importation, Prioritize Local Refining

A leading energy expert, Dan Kunle, has called on President Bola Tinubu to put an end to the petrol importation racket in Nigeria, emphasizing the nee

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