Nigeria's Maritime Sector Faces Tariff Changes and Policy Reforms in 2025
In 2025, Nigeria's maritime sector faced challenges and reforms, including tariff increases initiated by the US under Donald Trump's administration. Nigeria Customs Service introduced a four percent FOB charge on imports to boost revenue, impacting businesses.
The government also approved a 90 percent duty waiver for imports under the African Continental Free Trade Area agreement. These changes influenced trade dynamics and port operations in Nigeria.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
Read full article
Continue on Business Day
Share
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Free · one email per week · unsubscribe anytime
Related Stories
Politics
Nigeria's Maritime Sector in 2025: Year of Reform, Resistance, and Relevance
Business
NPA's Transformation Under Dr. Abubakar Dantsoho Boosts Nigeria's Maritime Sector in 2025
Business
Maritime Firm Commends Nigeria's IMO Council Return for Blue Economy Growth
Business
Nigeria's Oil Industry Sees Reforms and Incentives in 2025
General News
Nigeria Ranks as Africa's Strongest Naval Fleet in 2026 with 152 Vessels
Business
Nigerian Oil & Gas Sector Thrives in 2025 with Reforms and Investments
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
