22 results
- 7 May 2026
GSMA Urges Import Duties Exemption for Smartphones
Global System for Mobile Communications Association (GSMA) has urged African governments to recognise telecommunications as a core economic pillar and implement specific tax reforms that could…
- 12 Apr 2026
FG Slashes Import Duties on Cars, Rice, Palm Oil in 2026 Fiscal Policy
Federal Government has approved sweeping 2026 fiscal measures slashing import duties on vehicles, rice, palm oil, sugar, and other essentials while introducing new taxes and protections to bolster…
- 14 Jul 2026
Nigeria Lost N34 Trillion to Import Waivers in 2025, Customs Tells Senate
Bashir Adeniyi, Comptroller-General of the Nigeria Customs Service (NCS), has disclosed that the value of Import Duty Exemption Certificate (IDEC) approvals granted by the Federal Government rose to…
- 18 Nov 2015
DHL Advises Consumers on Potential Customs Charges on Int’l Courier Routes
In the lead up to the festive season, consumers are increasingly turning to online shopping portals instead of visiting physical stores due the convenience that these platforms offer. According to…
- 17 Jan 2023
FCCPC Uncovers Alleged Duty Payment Fraud on CKDs
Federal Competition and Consumer Protection Commission (FCCPC) has discovered some anti-free market practices such as price-fixing being perpetrated by some importers and sellers of generating sets…
- 6 May 2026
GSMA Africa Policy Group Chair Calls for Urgent Tax Reforms to Accelerate Digital Inclusion
Mr. Daddy Mukadi, the Chief Regulatory Officer of Airtel Africa and Chair of GSMA Africa’s Policy Group, has called on African governments to recognise telecommunications as a core economic pillar…
- 4 Dec 2014
5 Festive Season Online Shopping Checklist From DHL Perspective
In the lead up to the festive season, consumers are increasingly turning to online shopping portals instead of visiting physical stores. Oliver Facey, vice president, Operations for DHL Express Sub…
- 30 Sept 2024
Nigeria's Used Vehicles Import Bill Drops 83% to N138.62bn
The import bills on used vehicles, popularly known as tokunbo, into Nigeria fell by 83 percent year-on-year, YoY, to N138.62 billion in the first half of the year (H1’24) from N819.15 billion in…
- 7 Jan 2021
FG Slams N50 Levy on Electronic Money Transfer of up to N10,000
The Finance Act 2020 recently signed into law by President Muhammadu Buhari, imposes N50 levy on electronic transfer of money deposited in any bank or financial institution on any account on sums of…
- 22 Oct 2023
FG to Introduce “Green Surcharge” on Imported Vehicles to Boost Tax Revenues
Federal government is set to implement a “green surcharge” on imported vehicles as part of its ambitious plan to increase tax revenues, according to tekedia. This move, revealed in the Medium Term…
- 16 Mar 2026
Tinubu Backs Nigerian Media in Battle Against Big Tech, High Tariffs
President Bola Ahmed Tinubu has vowed government backing for the Nigerian media's evidence-led push against Big Tech's anti-competitive practices, content scraping for AI, and economic pressures like…
- 12 May 2020
Nigerians Cry out as Banks Deduct Stamp Duty on Transactions
Banks may have added to the worry of Nigerians who are already struggling to make out a living during the period of COVID-19 crisis as payment of stamp duty takes effect. The Finance Act, 2019…
- 20 Jan 2015
Resilient Supply Chains in Africa: Key to Success in 2015- DHL
Successful companies in 2015 will be those that can adapt to the fast changing global environment, such as unstable currency markets, the fast growing global population and rising number of internet…
- 27 Jul 2026
AMCON Puts ntel Up for Sale, Seeks Investors
Asset Management Corporation of Nigeria (AMCON) has commenced the process of divesting its interest in NTEL/NATCOM, saying the telecommunications company has undergone a major transformation that…
- 14 Jun 2026
IMF Urges FG to Introduce Fuel, Telecom Taxes
The International Monetary Fund (IMF) has recommended introducing taxes on fuel products and telecommunications services in Nigeria. According to the IMF, this is part of broader measures to increase…
- 21 Mar 2023
FG Removes Excise Duty for Telecoms Services
Federal Government has announced the removal of excise duty for telecom sub-sector of Nigeria's Digital Economy Industry in line with the recommendations of the Committee it constituted to review the…
- 26 Sept 2013
Full Potentials of FTZs Unharnessed Inspite Lofty Largesse-Agents
Freight Forwarders alleged that from the vintage point and reports available, the full potentials of the Free Trade Zones (FTZs) in Nigeria have not been fully harnessed, especially in the areas of…
- 14 Jan 2020
Buhari Inks 7.5% VAT into Law
With Monday’s signing into law of the Finance Bill, President Muhammadu Buhari has triggered the operationalisation of the 7.5% Value Added Tax (VAT) as proposed. The Value Added Tax is proposed to…
- 18 Apr 2025
Temu and Shein Raise U.S. Prices Amid Trump-Era Tariffs
Chinese-founded e-commerce platforms Temu and Shein have announced upcoming price increases for U.S. customers, citing higher operating expenses due to tariffs imposed during former President Donald…
- 28 Jan 2016
FG to Generate N66.1Bn from Stamp Duty in 2016
Federal government is targeting additional N66.1 billion revenue in 2016 from an imposed stamp duty of N50 on bank customers for money received into their accounts. Mr Godwin Emefiele, Central Bank…
- 11 Mar 2022
NESG Lauds 2021 Finance Act, Seeks Implementation
The Nigerian Economic Summit Group, NESG, has lauded 2021 Finance Act as it enhances non-oil revenue and supports the implementation of Nigeria’s annual budget. This was stated by Laoye Jaiyeola, the…
- 2 Feb 2015
CBN, Firm List Benefits of e-collection Payment
The Central Bank of Nigeria (CBN) has reiterated the importance of keeping all funds in a single treasury account, saying it would eliminate corruption and leakages in Internally Generated Revenue…