The Nigerian Maritime Administration and Safety Agency (NIMASA) said that it would disburse the $720 million cabotage fund to shipowners to acquire new ships.
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Good news as Tinubu launches window to clear goods at ports within 24 hours
The National Single Window Project was launched by President Bola Tinubu on Tuesday, April 16, to streamline import and export processes at the ports.
CBN slashes import duty rate after banning foreign currency collateral for naira loan
After the CBN recently banned the use of foreign currency for collateral, the customs exchange rate used to calculate import duty declined from N1,246 to N1,238.
From N952 to N1,314: CBN increased customs rate to clear goods 28 times in 2024
The Nigerian Customs Service is concerned about the modifications to customs import tax rates that have impacted the volume of transactions in Q1 of 2024
CBN readjusts Customs forex import duties as dollar crashes in all markets
The Central Bank of Nigeria (CBN) has made yet another change to Customs foreign exchange rates for cargo clearance at the Nigerian ports as naira recovers.
FG removes important penalty for imported vehicles as CBN slash customs FX rate
The Nigerian government has suspended the 25% penalty imposed on improperly imported vehicles in Nigeria to ease the current hardship faced by Nigerians.
CBN sets new Customs exchange rate to clear goods as dollar crashes by 12% against naira
The Central Bank of Nigeria has slashed the exchange rate for cargo clearances at Nigeria's ports as the naira recorded a strong performance against the US dollar.
Nigeria Customs increases again Naira to Dollar exchange rate to clear goods at ports
The Nigeria Customs Service has again adjusted the exchange rate that importers will pay to clear their cargo at all the nation's ports from March 12.
CBN slashes custom rate for Nigerians to clear goods at ports
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.
N1000/$1: Expert speaks on new customs duty exchange rate for Nigerians to clear goods
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.
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