Business
Forex: NAGAFF Faults 43% Import Duties Hike

The National Association of Government Approved Freight Forwarders (NAGAFF) has described as hasty the recent 43 per cent hike in import duties by the Nigeria Customs Service (NCS)
Mr Stanley Ezenga, the National Publicity Secretary of NAGAFF, stated this in an interview with our correspondent in Lagos.
Ezenga said the association only got wind of the development from the media, adding that NAGAFF and other stakeholders were not carried along.
He said that the increase in import duties was not in the interest of the masses, saying that it would increase the costs of doing business as well as prices of imported goods.
The Tide reports that the NCS had through a circular issued to all Zonal Coordinators and Area Controllers on July 1, directed that all commands should begin charging duties based on the new forex regime.
The circular, signed by Mr A Adewusi, the Deputy Comptroller-General, Tariff and Trade, Nigeria Customs Service, said the imposing of duties based on the N197 to one US dollar was no more tenable.
Ezenga said; “We understand that we are in difficult times economically and that there is need for government to raise the duties based on the new forex regime.
“But our position is that people are already feeling the impact of the economy and of course the hike will increase the prices of goods.
“Even, if they must do it, they should have involved all other stakeholders in the whole process and arrived at something that would have been a bit acceptable to everyone.’’
He urged the government to put in place palliatives for the masses in view of the effect that the hike would have on their lives.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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