The Federal Government will be suspending import duties on rice, flour, wheat, and other essential food items in an effort to reduce the high costs of food amidst widespread hunger in Nigeria.
NCS Increases FX Rate for Import Duties to N1,441/$
The Nigeria Customs Service (NCS) has increased the foreign exchange (FX) rate for import duties to N1,441.58 per dollar.
The increase represents a 4.94 percent as against the N1,373.64/$ adopted on May 1.
The rate adopted by customs...
Imported Vehicles: Slash On Duties Begins Next Week - Customs
The reduction in the duties on vehicles and tractors from 35 to about 10 per cent may take off next week, the Nigeria Customs Service said on Tuesday.
Comptroller-General of Customs, Hameed Ali, who disclosed this...
