Tag: Import Duty

Finance

Customs recovers ₦30bn in import duties, moves to impound 10 aircrafts

The Nigeria Customs Service has recovered more than N30bn in import duties from owners of private aircraft as it intensifies efforts to enforce compliance with customs regulations, with plans underway to impound about 10 aircrafts over alleged unpaid duties. Findings by The PUNCH also revealed that the recovery exercise was strengthened through collaboration between the […]

Oil and Gas

Ex-IPMAN boss backs 15% import duty to protect local refineries

The former National Operations Controller of the Independent Petroleum Marketers Association of Nigeria, Mr. Mike Osatuyi, has commended President Bola Tinubu for approving a 15 per cent import duty on petrol and diesel. In an interview with Newsmen in Lagos on Sunday, Osatuyi said that the policy would protect local refineries and attract new investments […]