imports

Despite improved domestic refining capacity in Nigeria, major oil marketers have continued to import refined petroleum products, as they…
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The Nigeria Customs Service (NCS) has announced the reversal of its previous suspension of the 4% Free-on-Board (FOB) charge on imports, affecting all declarations made during…
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The Nigeria Customs Service (NCS) has announced the suspension of the implementation of 4% Free-on-Board (FOB) value on imports as provided in section 18(1)(a) of the Nigeria…
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Despite the commencement of petrol production by two major refineries in Nigeria in the last three months, oil marketers have continued…
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The Nigerian National Petroleum Company Limited and major oil marketers are currently engaged in discussions on strategies to eliminate…
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Nigeria’s major oil marketers have significantly benefited from the Federal Government’s recent policy to eliminate subsidies on…
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The Nigerian National Petroleum Company Limited has demanded a refund of N4.71tn from the Federal Government to settle outstanding debts…
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Gombe State Governor, Alhaji Muhammadu Inuwa Yahaya, has said that with vast arable land and large population, Nigeria has no reason to rely on food importation. The governor stated…
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The Minister of Steel Development, Mr Shuaib Abubakar, says Nigeria spends $8 billion to import steel into the country annually, saying it has become necessary for the Ajaokuta steel…
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Imports of raw materials into the country rose by 25 per cent to N3tn in 2023. This is according to the Foreign Trade Statistics data published by the National…
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