Explainer: What the reintroduced 4% import levy means for Nigeria’s economy
Nigerians may soon face higher prices for everyday goods as the Federal Government reintroduces a 4% Free-on-Board (FOB) charge on imports, a move that has drawn sharp criticism from the Manufacturers Association of Nigeria (MAN). The levy, which took effect on August 4, 2025, replaces two existing charges: the 1% Comprehensive Import Supervision Scheme (CISS) […]
