Nigeria has suspended the 4% tax on imports (FOB) after manufacturers and importers raised concerns. Introduced last month by the Nigeria Customs Service (NCS), this tax quickly raised concerns from the private sector, fearing an increase in costs and a negative impact on the country’s competitiveness. In a circular dated September 15, 2025, the Minister…...
Trending
- GCR confirms AAA rating of the African Solidarity Fund (ASF)
- UEMOA: Kossi TENOU appointed President of the AMF-UMOA
- The stakes of the EU-AU summit in Luanda
- Tobacco: 19% Increase in Revenue for the Ivorian Tobacco Company in the Third Quarter of 2025
- Senegal: Budget deficit stands at 4.88% of GDP at the end of September 2025
- Strengthening the partnership between CRRH-UEMOA and the Coris Group: three new subsidiaries entering the capital
- ATIDI Publishes its Climate Change Policy to Support a Resilient, Low-Carbon Future for Africa
- Facing Cyber Risk, Africa is in Urgent Need of a Strong Legal Framework
Nigeria backtracks on customs FOB import tax
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com