Tag
FOB LEVY
The Manufacturers Association of Nigeria (MAN) has praised the Federal Government’s suspension of the controversial 4% Free-on-Board (FOB) import charge, saying the move has spared the economy from what could have been a major inflationary shock.
The Federal Government has suspended the 4% Free on Board (FOB) charge recently imposed on imported goods by...
Car importers in Nigeria have experienced a sharp rise in the cost of clearing foreign used vehicles at the nation’s ports in the past days following the reintroduction of the VIN (Vehicle Identification Number) valuation system by the Nigeria Customs Service and the addition of a 4% FOB (Free on Board) levy.