Skip to content
Ova News NG

Ova News NG

Ova News NG feed V2

Primary Menu
  • HOME
  • NEWS
  • ENTERTAINMENT
  • SPORTS
  • POLITICS
  • WORLD NEWS
  • LIVE FOOTBALL SCORES
  • Home
  • NEWS
  • Nigeria Customs Unveils New 4% FOB Charge to Replace Multiple Levies
  • NEWS

Nigeria Customs Unveils New 4% FOB Charge to Replace Multiple Levies

ovanews 12 hours ago 1 min read
Share:

Nigeria Customs Unveils New 4% FOB Charge to Replace Multiple Levies

The Nigeria Customs Service (NCS) is set to overhaul its import levy structure by introducing a single 4% Free on Board (FOB) charge to replace the existing range of charges.

Comptroller-General Adewale Adeniyi announced at a town hall session in Lagos on July 21, 2025. The streamlined levy will eliminate both the 1% Comprehensive Import Supervision Scheme (CISS) charge and the 7% collection fee.

“Once the 4% FOB takes effect, the 1% Comprehensive Import Supervision Scheme (CISS) will cease automatically. In addition, the 7% cost of collection currently charged will also be completely removed,” he explained.

“Under the new Act, the 4% FOB is paid upfront—and that’s it. Thereafter, 100% of the revenue generated by Customs will go into the Federation Account. It’s a win-win for everyone.”

The initiative is part of a broader reform that includes the rollout of “B’Odogwu,” a domestic digital customs platform designed to enhance trade efficiency and transparency.

Participants at the town hall welcomed the move but raised concerns over potential system transition challenges, especially with bank-related processes.

Deputy Comptroller-General Kikelomo Adeola underscored the importance of the B’Odogwu platform, noting that it could place Nigeria at the forefront of global customs modernisation. 

Saleh Ahmadu of the Trade Modernisation Project Limited (TMPL) pledged ongoing investment in infrastructure to ensure seamless implementation.

Facebook Comments Box
Share:

Related:

  • FCT NMA Rejects New Salary Structure
    FCT NMA Rejects New Salary Structure
    NEWS
  • Lagos govt postpones Lekki-Epe e-call-up enforcement, cuts truck levy
    Lagos govt postpones…
    NEWS
  • Twice Upon An Obnoxious NGO Bill
    Twice Upon An Obnoxious NGO Bill
    NEWS
  • Ogun labour leaders vow to continue indefinite strike
    Ogun labour leaders vow to…
    NEWS
  • OPINION: Why Police Officers Should Rethink Pulling Out Of Contributory Pension Scheme
    OPINION: Why Police Officers…
    NEWS

Continue Reading

Previous: Super Falcons Captain Emphasizes Unwavering Determination Ahead of South Africa Showdown
Next: BBNaija’s Anto Lecky appointed Edo SSA on Tourism, Creative Economy

  • Recent
  • PDP crisis: Wike’s friend back-stabbed him – Datti Baba-Ahmed
    • NEWS

    PDP crisis: Wike’s friend back-stabbed him – Datti Baba-Ahmed

  • One killed, another injured as bandits raid Zamfara village
    • NEWS

    One killed, another injured as bandits raid Zamfara village

  • Kebbi court jails two car dealers for money laundering
    • NEWS

    Kebbi court jails two car dealers for money laundering

  • WAFCON 2024: Super Falcons to face Morocco in final
    • NEWS

    WAFCON 2024: Super Falcons to face Morocco in final

    • Uncategorized

    WAFCON 2024: Not the result we expected – South Africa reacts after loss to Super Falcons

  • I’m afraid of returning to Liverpool – Salah reacts to Jota’s death
    • SPORTS

    I’m afraid of returning to Liverpool – Salah reacts to Jota’s death

  • Reekado Banks raises concerns over music executive exploiting upcoming artists
    • ENTERTAINMENT

    Reekado Banks raises concerns over music executive exploiting upcoming artists

  • Breaking: Court Convicts Natasha Uduaghan Of Contempt, Ordered To Pay N5m
    • NEWS

    Breaking: Court Convicts Natasha Uduaghan Of Contempt, Ordered To Pay N5m

  • I’m no longer sure of marrying my babymama – Singer Reekado Banks makes U-turn
    • ENTERTAINMENT

    I’m no longer sure of marrying my babymama – Singer Reekado Banks makes U-turn

  • Breaking: Court Orders Senate To Recall Suspended Senator Natasha
    • NEWS

    Breaking: Court Orders Senate To Recall Suspended Senator Natasha

  • PDP crisis: Wike’s friend back-stabbed him – Datti Baba-Ahmed
    • NEWS

    PDP crisis: Wike’s friend back-stabbed him – Datti Baba-Ahmed

  • One killed, another injured as bandits raid Zamfara village
    • NEWS

    One killed, another injured as bandits raid Zamfara village

  • Kebbi court jails two car dealers for money laundering
    • NEWS

    Kebbi court jails two car dealers for money laundering

  • WAFCON 2024: Super Falcons to face Morocco in final
    • NEWS

    WAFCON 2024: Super Falcons to face Morocco in final

    • Uncategorized

    WAFCON 2024: Not the result we expected – South Africa reacts after loss to Super Falcons

SECTIONS

  • ENTERTAINMENT
  • NEWS
  • POLITICS
  • SPORTS
  • Uncategorized
  • WORLD NEWS

Get all Latest Ova News Feeds on the Go! 👋

Sign up to receive all Our latest News content Recap in your inbox every weekend.

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

Quick Links

  • News
  • Entertainment
  • Live Football Scores
  • Premier League Scores

Legal

  • Terms of Use
  • Privacy Policy

Connect with Us

  • Contact Us
  • Advertise
Copyright © 2025 Ova News Network | Created by Ben Ova O. | All Rights Reserved.
pixel