Home Posts tagged Nigeria (Page 5)

Nigeria Suspends 4% FOB Levy on Imports 

The Federal Government has suspended the controversial 4% Free on Board (FOB) levy previously imposed on all imports into Nigeria. The move comes after widespread pushback from businesses, trade associations, and industry stakeholders who argued that the levy would increase the cost of goods and stifle economic activity.  The suspension is seen as a major […]

Tinubu Orders FEC Committee to Crash Food Prices 

President Bola Ahmed Tinubu Since the removal of the fuel subsidy and due to other challenges such as high transportation costs, insecurity on major transport routes, and inflation, many Nigerians have been struggling with sharply rising food prices. Staples like rice, tomatoes, beans, oil, etc., have become increasingly unaffordable for large segments of the population.