Import Duty

News

FG Cuts New Vehicle Import Levy to 10%, Used Vehicles to 5%

Felix Ifijeh, THEWILL -
July 01 (THEWILL) — The Federal Government has reduced the import levy on new vehicles from 20 per cent to 10 per cent and on used vehicles from 15 per cent to five per cent under its 2026 Fiscal...
Business

FG Suspends 15% Import Duty On Petrol, Diesel, Assures Stable Fuel Supply

Felix Ifijeh, THEWILL -
November 13, (THEWILL) — The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has confirmed the suspension of the proposed 15 per cent ad-valorem import duty on Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), popularly known as...
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Latest News

BusinessOgochukwu Onwaeze, THEWILL -

NAHCO’s Nine-Month Profit Rises 19 Percent to N16bn as Revenue Hits N55.6bn

The company's interim financial statements filed with the Nigerian Exchange showed revenue rose 16.51 percent to N55.64bn, up from N47.76bn in the corresponding period of 2025.
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