•Tinubu The federal government has granted a waiver on import duties for mass transit buses, electric vehicles, and manufacturing machinery. The development followed President Bola Ahmed Tinubu’s directive to key economic officials to design measures to cushion the impact of the ongoing Middle East crisis on Nigerians, particularly amid rising...
•Private Jets Nigeria’s Customs Service (NCS) has suspended its earlier plans to ground over 60 private jets operating in the country, and opted for dialogue over alleged default on import duty payment. A circular sent to the operators on June 4 by the Nigeria Customs Service confirmed the temporary unsealing of the grounded aircraft, urging [...
•Customs Comptroller-General, Adewale Adeniyi Suspension of import duties on essential food items has gone into effect, the Nigeria Customs Service (NCS) said yesterday. It is part of the federal government’s efforts to address the high cost of food, reports The Nation. Comptroller-General Adewale Adeniyi said the measure aims to make essentia...
•Bags of cement The National Association of Block moulders of Nigeria (NABMON) has urged the federal government to reduce import duties on cement manufacturing components to attract more foreign investment in the sector. The National President, NABMON, Mr Adesegun Banjoko, gave the advice in a statement issued today in Lagos. He said the price...

