•CBN headquarters, Abuja The Central Bank of Nigeria has approved the temporary use of expired National Agency for Food and Drug Administration and Control licenses to importers for import documentation purposes. A circular issued on January 26, 2026, by the apex bank’s Trade and Exchange Department and published on the bank’s website yesterda...
•Nigerian seaport The Manufacturers Association of Nigeria (MAN) and clearing agents operating at the nation’s ports have raised the alarm that despite the Federal Ministry of Finance’s directive that the Nigeria Customs Service (NCS) should suspend the 4 percent Free-on-Board (FOB) levy on imported goods, the Service has failed to implement t...
•Dangote Refinery Loading Bay Some fuel importers in the country have alleged that the Dangote refinery sells a litre of petrol to international traders at N65 cheaper than the amount it gives the product to marketers in Nigeria. The Depot and Petroleum Product Marketers Association of Nigeria, Petroleum Products Retail Outlet Owners Associati...
There are growing tensions among importers, agents and the business community with a warning that the move to enforce the Nigerian Ports Authority (NPA) 15 per cent tariff increase scheduled to be implemented from March 1 could lead to widespread disruptions at the ports. Economists had warned that the policy would further drive up the [&helli...
•Dangote Refinery Importers of petroleum products have lamented the repeated reduction of petrol prices by the Dangote Petroleum Refinery. Some of the importers said dealers might be compelled to sell below their cost prices as consumers would only buy from where petrol is cheaper, reports The PUNCH. Yesterday, the Dangote refinery announced a...
•NNPCL trucks lining up for petrol loading at the Dangote Refinery Dangote Petroleum Refinery says it has reduced the price of its petrol to N899.50K per litre to provide relief for Nigerians ahead of the Christmas and New Year holiday season. In a statement, the company’s spokesman Anthony Chiejina said the price reduction is designed [&helli...
Many cargo owners have expressed anxiety over lingering banking system upgrade even as findings revealed that some banks are still sending messages to their customers about ongoing upgrade. In a chat with our correspondent, the National President of Save Nigeria Freight Forwarders Importers and Exporters Coalition, Chief Chukwu Osita, disclose...
•Wale Edun The federal government has directed importers to regularise duty payments and clear improperly imported vehicles within 90 days. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, directed the Nigeria Customs Service (NCS) to allow affected vehicle owners and their agents to do so within the stipulated time...
•Containers at Apapa port Five months after the Central Bank of Nigeria (CBN) floated the Naira, the Federal Government yesterday adjusted the Nigerian Customs Service (NCS) Exchange Rate calculations of import duties from N770.88/$ to N783.174/$. The changes were officially reflected on the NCS portal, just as stakeholders in the import and e...
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