• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Tuesday, February 17, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
No Result
View All Result
Elanza News
Home National

Nigeria Customs Service imposes 4% FOB import charge

Nathaniel Irobi by Nathaniel Irobi
February 6, 2025
in National
0
Nigeria Customs Service imposes 4% FOB import charge

Comptroller-General of NCS, Adewale Adeniyi

0
SHARES
10
VIEWS
FacebookTwitterWhatsappEmailTelegram

The Nigeria Customs Service (NCS) is implementing a 4 per cent charge on the Free On-Board value of imports.

The Spokesman of the service, Abdullahi Maiwada, made this known in a statement he issued on Wednesday in Abuja.

RelatedPosts

Shettima: NextGen Hackathon Key to Nigeria’s Digital Hub Ambition

FG Flagship Programme to Empower 22,000 Farmers Nationwide

INEC Appointment: Christian Group Hammers Shari’a Council, Warns Against Provocative Statements

Maiwada explained that the directive was in line with the provisions of the Nigeria Customs Service Act (NCSA) 2023 .

“ In line with the provisions of Section 18 (1) of NCSA 2023, the NCS is implementing a 4 per cent charge on the Free On-Board (FOB) value of imports.

“The FOB charge, which is calculated based on the value of imported goods, including cost of goods and transportation expenses incurred up to the port of loading, is essential to driving the effective operation of the service.

“ Furthermore, the NCS acknowledges concerns raised by stakeholders over the sustained collection of 1 per cent Comprehensive Import Supervision Scheme (CISS) fee.

“It is a regulatory charge imposed for funding Nigeria’s Destination Inspection Scheme alongside the 4 per cent FOB charge.

“ As a responsive government agency, the service wishes to assure the general public that extensive consultation is ongoing with the Federal Ministry of Finance to address all agitations raised by our esteemed stakeholders, “ he said.

He urged all stakeholders to comply with the directive, which was conceived after extensive consultation with relevant stakeholders and organisations.

“All stakeholders are urged to support this legally binding initiative.

ALSO READ:  Niger Delta Needs Visionary Leaders for Development— FirstNews Publisher

“As the measures introduced in alignment with the NCSA 2023 reflects a balanced approach born out of extensive consultations with industry players, importers, and regulatory bodies,” he said.

He described the contribution of stakeholders in shaping and actualising the NCSA 2023 as invaluable.

“Their insights, expertise, and unwavering commitment have been instrumental in ensuring a robust legal framework that enhances efficiency, promotes innovation and strengthens transparency in customs operations.

According to him, under the leadership of the Comptroller-General , Adewale Adeniyi, the service remains committed to transparency, fair trade practices, and efficient revenue management.

Tags: FOB import
Previous Post

PETROAN lauds FG’s exportation ban of crude oil allocated to refineries

Next Post

2027: Ganduje receives Nwoko into APC, vows to take over Delta

Nathaniel Irobi

Nathaniel Irobi

Related Posts

Shettima: NextGen Hackathon Key to Nigeria’s Digital Hub Ambition

Shettima: NextGen Hackathon Key to Nigeria’s Digital Hub Ambition

by Nathaniel Irobi
February 12, 2026
0

Vice-President Kashim Shettima says the Connect NextGen Innovation Hackathon will position Nigeria as a global supplier of digital solutions and...

FG Flagship Programme to Empower 22,000 Farmers Nationwide

FG Flagship Programme to Empower 22,000 Farmers Nationwide

by Nathaniel Irobi
February 12, 2026
0

The All Farmers Association of Nigeria (AFAN) says no fewer than 22,000 farmers will benefit from the FarmerMoni initiative under...

INEC & Parties Forge Critical 2027 Reforms Path as FCT Elections Loom

INEC Appointment: Christian Group Hammers Shari’a Council, Warns Against Provocative Statements

by Nathaniel Irobi
February 12, 2026
0

The Christian Social Movement of Nigeria (CSMN) has warned against politicising the leadership of the Independent National Electoral Commission (INEC),...

Next Post
2027: Ganduje receives Nwoko into APC, vows to take over Delta

2027: Ganduje receives Nwoko into APC, vows to take over Delta

Nigeria must transform debt into economic asset – Shettima

Nigeria must transform debt into economic asset – Shettima

Recommended

NAHCON Chairman’s Resignation Met With Widespread Relief

NAHCON Chairman’s Resignation Met With Widespread Relief

7 days ago
Kukah Disclaim Those Using His Name To Solicit Funds From Unsuspecting Individuals

Kukah Disclaim Those Using His Name To Solicit Funds From Unsuspecting Individuals

5 days ago

Popular News

  • Residents flee as flood ravages 10 communities in Kebbi – NEMA

    Residents flee as flood ravages 10 communities in Kebbi – NEMA

    0 shares
    Share 0 Tweet 0
  • Library and Information Science, Backbone Of Academic Success – Prof Bunza

    0 shares
    Share 0 Tweet 0
  • Southern Kaduna Coalition Rejects VP Call For Defence Minister

    0 shares
    Share 0 Tweet 0
  • BREAKING News :Shari’ah Council Demands INEC Chairman’s Removal

    0 shares
    Share 0 Tweet 0
  • Opinion: The Philanthropic Footprint of Engr. Haruna Gimba Ladan

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (817)
  • Education (255)
  • Entertainment (338)
  • Health (237)
  • National (3,070)
  • News (9,642)
  • Opinion (396)
  • Politics (1,920)
  • Science (15)
  • Security (413)
  • Sports (604)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform