Nigeria Customs Suspends 4% FOB Charge on Imports
The Nigeria Customs Service (NCS) has announced the suspension of the planned implementation of a four per cent Free-on-Board (FOB) charge on imports, as outlined in the Nigeria Customs Service Act (NCSA) 2023. The Controller General of Customs, Bashir Adeniyi, who announced this in a statement yesterday, said the suspension follows ongoing consultations with the […]
FG to Begin Payment of Pension Backlog
The Federal Government has promised to pay the outstanding pension arrears as it released only about 25 per cent of the total amount budgeted for 2024. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made the commitment yesterday when retirees from Nigeria’s Contributory Pension Scheme staged a protest at the Federal […]
