
Zainab Iwayemi
2510 articles published since 07 Jul 2023
2510 articles published since 07 Jul 2023
The Central Bank of Nigeria (CBN) reduced the exchange rate by 1.9% on Thursday morning in order to calculate customs charges at the country's seaports.
To alleviate the current challenges in the nation, the Center for the Promotion of Private Enterprise has urged the CBN to set a new rate of customs duty.
The Nigeria Customs Service has been urged by the CBN to use the closing foreign exchange rate within the designated timeframe when calculating import duties.
According to the NPA, it bills operators in US dollars since the dollar is a commonly recognized form of payment and shipping is an international industry
Maritime workers have threatened to close the nation's seaports over the planned 50% reduction in the internally generated revenues from the Nigerian Ports Authority
For the third time this year, the Central Bank of Nigeria (CBN) has raised the currency rate used to determine customs charges at the country's seaports.
Adewale Adeniyi, the Comptroller General of the Nigeria Customs Service (NCS), said the service's e-auction platform is now fortified and will be reopened soon.
The Maritime Workers Union of Nigeria (MWUN) has threatened to shut down the country's seaports on Tuesday, January 9, 2024 over alleged non-compliance
The president of the Nigerian Chamber of Shipping has said that the tax system might not have an impact on refined petroleum products but on the government.
Zainab Iwayemi
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