Thursday, March 26, 2026
30.9 C
Lagos

Business

As AI Reshapes PR, EvaluatePR Examines Trust, Truth and the Future of Communication

P+ Measurement Services, Nigeria’s leading independent media intelligence and...

‘Winning with Strategic Communications’ Launch, Targets Real-World Impact

Godfrey Adejumoh, a seasoned top-performing Global Business Communications Strategist...

Chowdeck Partners MyCoverGenius to Set New Standard for Rider Protection in Nigeria

Chowdeck, Africa’s leading on-demand delivery platform, has partnered with...

Tinubu Hails Nigeria-UAE Partnership as BUA Signs MoU with Abu Dhabi Ports, Mair Group

President Bola Ahmed Tinubu has commended the signing of...

Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

President Bola Ahmed Tinubu has commended the Bank of...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Nigerian Exchange Group Plc (NGX Group), in collaboration with...

NGX RegCo Issues Advisory on Recent Price Movements, Urges Informed Trading

NGX Regulation Limited (NGX RegCo), the independent regulatory arm...

Insurance

Leadway Spotlights Women Making Waves Through Hersurred Initiative

Leadway, Nigeria’s leading non-banking financial and wellbeing conglomerate, has...

Guinea Insurance Holds Signing Ceremony for N5.8bn Rights Issue

Mrs. Chioma Okigbo (Non-Executive Director), Mr. Samuel Onukwue (Non-Executive Director), Mr....

Leadway Group Launches ‘Lead Forward’ Initiative to Deepen Financial Literacy Among NYSC Corps Members 

Leadway Group, Nigeria's non-banking financial services group, has unveiled...

NAICOM: 20 Insurance Firms Seek Capital Verification Ahead July 31 Recapitalisation Deadline

The National Insurance Commission (NAICOM) says 20 operators in...

emPLE Partners Lagos State, Bastion Health for International Women’s Day “emPOWERHer” Health Drive

emPLE, one of Nigeria’s rapidly growing insurance companies, has...

Business

As AI Reshapes PR, EvaluatePR Examines Trust, Truth and the Future of Communication

P+ Measurement Services, Nigeria’s leading independent media intelligence and...

‘Winning with Strategic Communications’ Launch, Targets Real-World Impact

Godfrey Adejumoh, a seasoned top-performing Global Business Communications Strategist...

Chowdeck Partners MyCoverGenius to Set New Standard for Rider Protection in Nigeria

Chowdeck, Africa’s leading on-demand delivery platform, has partnered with...

Tinubu Hails Nigeria-UAE Partnership as BUA Signs MoU with Abu Dhabi Ports, Mair Group

President Bola Ahmed Tinubu has commended the signing of...

Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

President Bola Ahmed Tinubu has commended the Bank of...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Nigerian Exchange Group Plc (NGX Group), in collaboration with...

NGX RegCo Issues Advisory on Recent Price Movements, Urges Informed Trading

NGX Regulation Limited (NGX RegCo), the independent regulatory arm...

Insurance

Leadway Spotlights Women Making Waves Through Hersurred Initiative

Leadway, Nigeria’s leading non-banking financial and wellbeing conglomerate, has...

Guinea Insurance Holds Signing Ceremony for N5.8bn Rights Issue

Mrs. Chioma Okigbo (Non-Executive Director), Mr. Samuel Onukwue (Non-Executive Director), Mr....

Leadway Group Launches ‘Lead Forward’ Initiative to Deepen Financial Literacy Among NYSC Corps Members 

Leadway Group, Nigeria's non-banking financial services group, has unveiled...

NAICOM: 20 Insurance Firms Seek Capital Verification Ahead July 31 Recapitalisation Deadline

The National Insurance Commission (NAICOM) says 20 operators in...

emPLE Partners Lagos State, Bastion Health for International Women’s Day “emPOWERHer” Health Drive

emPLE, one of Nigeria’s rapidly growing insurance companies, has...

FG Denies Raising Import Duties on Food Items

The Federal Government has vehemently denied reports that it raised import duties on food items and certain luxury goods.

An official statement from the government read in part:

The attention of the Federal Ministry of Finance has been drawn to recent publications in the media, regarding the 2016 Fiscal Policy Measures (FPM), to the effect that the Federal Government has raised import duties on food items and luxury goods.

The Federal Ministry of Finance wishes to categorically state that the correct position is that, the 2016 FPM did not involve any upward review of tariff on the affected food items and luxury goods. On the contrary, tariffs for those items remained at their 2015 levels, while duties for some other items were actually reduced. A comparison of the 2015 Fiscal Policy Measures Circular dated 20th March, 2015 and the 2016 Fiscal Policy Measures dated 29th November, 2016 will affirm this position.

With regards to the 20 per cent duty on pharmaceutical products in the 2016 Fiscal Policy Measures, it should be noted that pharmaceutical products were already in the import prohibition list.

This is in support of Government’s intention give further encouragement and desirable protection to local manufacturers of Pharmaceutical products and  ensure that those who, despite the prohibition, import such products under special permission,  pay the required duties.

This clarification is aimed at providing the Nigerian media and other stakeholders with the correct information on such sensitive matters and to urge all interested parties to cross-check information with relevant authorities for accuracy. This is especially necessary at these challenging times when the Federal Government is putting extra efforts to encourage our local industries and manufacturers.

The accompanying documents, which could also be accessed on the website of the Federal Ministry of Finance, contain the details of the 2015 and 2016 Fiscal Policy Measures for the records.

Signed

SALISU NA’INNA DAMBATTA

Director (Information)

  ANNEX III

IMPORT PROHIBITION LIST (TRADE)

  1. Live or Dead Birds including Frozen Poultry H.S. Code 0105.1100 – 0105.9900, 0106.31.00.00 – 0106.39.00.00, 0207.11.00.00 – 0207.26.00.00 and 0210.99.00.00
  1. Pork, Beef, H.S. Codes 0201.10.00.00 – 0204.50.00.00, 0206.10.00.00 – 0206.90.00.00, 0210.10.00.00 – 0210.20.00.00
  1. Bird Eggs H.S. Code 0407.11.00.00 – 0407.90.00.00; excluding hatching eggs
  1. Refined vegetable oil 1507.10.00.00-1516.20.90.00.but excluding refined linseed, castor and olive oil. Crude vegetable oil are however NOT banned from importation.
  1. Cane or beet sugar and chemically pure sucrose, in solid form containing added flavouring or colouring matter H. S. Code 1701.91.10.00 – 1701.99.90.00 in retail packs
  1. Cocoa butter, Powder and cakes H.S. Codes 1802.00.00.00 – 1803.20.00.00, 1805.00.10.00 – 1805.00.90.00, 1806.10.00.00 – 1806.20.00.00 and 1804.00.10.00 – 1804.00.90.00
  1. Spaghetti/Noodles H.S. Code 1902.11.00.00 – 1902.30.00.00
  1. Fruit Juice in retail Packs H.S. Code 2009.11.10.00 – 2009.11.90.00 – 2009.90.90.00
  1. Waters, including mineral waters and aerated Waters, containing added sugar or sweetening matter or flavoured, ice snow H.S. Codes 2201.10.10.00 – 2201.90.00.00, other non-alcoholic beverages H.S. Codes 2202.10.00.00 – 2202.90.90.00.(but excluding energy or health drinks – liquid dietary supplements e.g. Power Horse, Red Ginseng, etc) H.S. Code 2202.90.10.00 and Beer and stout (Bottled, Canned or otherwise packed) H.S. Code 2203.00.10.00 – 2203.00.90.00.
  1. Bagged Cement H.S. Code 2523.29.00.00
  1. Medicament falling under Headings 3003 & 3004 such as:
  1. a) Paracetamol tablets Syrups
  2. b) Cotrimozazole tablets and Syrups
  3. c) Metronidazole tablets and Syrups
  4. d) Chloroquine tablets and Syrups
  5. e) Haematinic formulations:

                                (i)            Ferrous sulphate and ferrous gluconate tablets

                                (ii)           Folic acid tablets

                                (iii)         Vitamin B Complex tablets (except modified release

                                                formulations).

  1. f) Multivitamin tablets, capsules and syrups (except special formulations)
  2. g) Aspirin tablets (except modified release formulations and soluble aspirin)
  3. h) Magnesium trisilicate tablets and suspensions
  4. i) Piperazine tablets and syrups
  5. j) Levamisole tablets and syrups
  6. k) Ointments penicillin/gentamycin
  7. l) Pyrantel pamoate tablets and syrups
  8. m) Intravenous Fluids (Dextrose, Normal Saline etc.
  1. Waste pharmaceuticals H.S. Code 3006.92.00.00
  1. Soaps and Detergents H.S. Code 3401.11.10.00 – 3402.90.00.00 in retail packs
  1. Mosquito repellant Coils H.S. Code 3808.91.17.00 (mosquito coils)
  1. Sanitary Wares of Plastics H.S. Code 3922.10.00.00 – 3922.90.00.00 and Domestic Articles and Wares of Plastic H.S. Code 3924.10.00.00 – 3924.90.90.00 (but excluding Baby Feeding Bottles 3924.90.20.00) and (flushing cistern and waterless toos toilets).
  1. Rethreaded and used Pneumatics tyres but excluding used trucks tyres for rethreading of size 11.00 x 20 and above 4012.20.10.00
  1. Corrugated paper and Paper boards H.S. Code 4808.10.00.00 and Cartons, boxes and cases made from Corrugated paper and Paper boards H.S. Code 4819.10.00.00, Toilet paper, Cleansing or facial tissue H.S. Code 4818.10.00.00 – 4818.90.00.00 excluding baby diapers and incotinent pads for adult use 9619.00.22.00 and Exercise Books H.S. 4820.20.00.00
  1. Telephone Recharge Cards and Vouchers 4911.99.91.00
  1. Carpets and other textile floor coverings falling under H.S. Code 5701.10.00.00 – 5705.00.00.00
  1. All types of footwears, bags and suitcases, H.S. Code 6401.10.90.00 – 6405.90.90.00 and 4202.11.90.00-4202.99.90.00 but excluding safety shoes used in oil industries, sports shoes, canvass shoes and all Completely Knocked Down (CKD), blanks and parts.
  1. Hollow glass bottles of a capacity exceeding 150 mls (0.15 litres) of all kinds used for packaging beverages by Breweries and other beverages and drinks company H.S. Code 7010.90.49.00 and 7010.90.31.00.
  1. Used compressors H.S. Code 8414.30.90.00, Used Air Conditioners H.S. Codes 8415.10.10.00 – 8415.90.90.00 and used Fridges/Freezers H.S. Code 8418.10.10.00 – 8418.69.00.00
  1. Used motor vehicles above 15 years from the Year of manufacture H.S. Code 8703.10.00.00 – 8703.90.00.00
  1. Furniture H.S. Code 9401.1000.00 – 9401.9000.99 and 9403.1000 – 9404.9000, but excluding Baby walkers, laboratory cabinets such as microscope table, fume cupboards, laboratory benches (9403), stadium chairs, height adjustment device, base sledge, seat frames and control mechanism, arm guide and head guides. Also excluded are; skeletal parts of furniture such as blanks, upholstered or unfinished part of metal, plastics, veneer, chair shell etc.
  2. Ball point pen and parts including refills (excluding tip)

Hot this week

NCC Reaffirms Commitment to Expanding Broadband Access to Underserved Communities in Plateau State

L-R: Deputy Director, Legal and Regulatory Services, Nigerian Communications...

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

As AI Reshapes PR, EvaluatePR Examines Trust, Truth and the Future of Communication

P+ Measurement Services, Nigeria’s leading independent media intelligence and...

NCDMB ES Upbeat about Radisson Hotel, Yenagoa as SA’s Edison Corp Promises World-class Services

The Executive Secretary of the Nigerian Content Development and...

DataPro Announces Media Training on Credit Rating for March 26

Nigeria’s Technology-driven Credit Rating Agency (CRA) has announced March...

Topics

CIIN President, Registrar Honour The Nation’s Insurance Editor at Father’s Burial

L-R: Mr. Edwin Igbiti, President/Chairman of Council, Chartered Insurance...

NASENI EVC Reiterates Commitment to Deliver on Presidential Priorities

The Executive Vice Chairman and Chief Executive Officer of...

The Malaria: The Scourge of Africa

One Million Deaths Per Year (85% in sub-Saharan Africa) $12bn...

UNDP Unveils Accelerator Lab to Generate Solutions to Nigeria’s Dev Challenges

Today, the United Nations Development Programme (UNDP) officially launched...

Emirates SkyCargo Bolsters Connectivity between Europe, Global Network

Emirates SkyCargo, the cargo arm of the world’s largest...

10 African Nations in Top 100 Countries with Biggest Gold Reserves

According to a report published by World Gold Council...

Rivers State Govt Heads to Supreme Court over Fight with Pro-Wike Legislators

The Rivers State Government has resolved to appeal a...

Maersk Accelerates Transformation, Earns $39bn in 2018

Progress on the transformation of A. P. Moller -...
Exit mobile version