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

NewsFelix Ifijeh, THEWILL -

Wike’s Son in EFCC Crosshairs Over Alleged $2.1m Land Deal

Two firms have petitioned the Economic and Financial Crimes Commission (EFCC) to investigate Jordan Nyesom-Wike, son of the Minister of the Federal Capital Territory, Nyesom Wike, over an alleged $2.1 million land transaction.
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