Nigeria Customs Service suspends 4% FOB charge on imports

The Nigeria Customs Service has suspended the reintroduction of a 4 percent FOB charge on imports after pressure from major stakeholders. The move was met with concern from industry bodies like the Manufacturers Association of Nigeria and Nigeria Employers Consultative Association, who warned of increased costs for consumers.

The decision to suspend the levy was seen as necessary to prevent disruption in customs operations and maintain consistency.