
Maritime







The National Single Window Project was launched by President Bola Tinubu on Tuesday, April 16, to streamline import and export processes at the ports.

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.

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

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.

The Nigerian government has suspended the 25% penalty imposed on improperly imported vehicles in Nigeria to ease the current hardship faced by Nigerians.

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.

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.

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.
Maritime
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