Consumers Face Higher Prices as Customs Reintroduces 4% FOB Charge, Raises Licensing Fees
12 August 2025 The cost of importing goods into Nigeria is poised to rise sharply following the Nigeria Customs Service’s (NCS) decision to reinstate a four percent Free on Board (FoB) charge and increase licensing fees for clearing agents. The revived FoB charge, which applies to the value of goods at the point of shipment,