Shereefdeen Ahmad

2 weeks ago | theliberalist.org | Shereefdeen Ahmad

The United States President Donald Trump recently unveiled a controversial tariff policy, imposing hefty duties on exports to the United States. But international trade experts warn the development could disrupt global trade and deal a heavy blow to emerging economies.

1 month ago | tribuneonlineng.com | Shereefdeen Ahmad

Over the years, Nigeria has grappled with inefficient oil facility management, pushing the country to rely on imported refined petroleum products. As part of the broader effort to address these challenges, the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) is advocating the privatisation of the Warri and Kaduna refineries.

1 month ago | theliberalist.org | Shereefdeen Ahmad

March brings one of the hottest seasons in Northern Nigeria, with temperature going as high as 44 degree celsius. Fasting during this period prevents Muslim students from hydrating. Therefore in early March, at the commencement of Muslims' Ramadan fasting, Kebbi, Katsina, Bauchi, and Kano state governments closed schools for the fasting period, a decision that sparked a debate over the legality of such action.

2 months ago | theliberalist.org | Shereefdeen Ahmad

The Nigeria Customs Service (NCS) has implemented a 4 percent free-on-board (FOB) levy on imports. However, experts have warned that this policy will drive up the cost of goods entering the country. FOB refers to the practice where the seller is responsible for delivering the goods to the port of departure, clearing them for export, and loading them onto the vessel. Once the goods are loaded, the risk transfers from the seller to the buyer, who assumes responsibility for all subsequent costs.

2 months ago | theliberalist.org | Shereefdeen Ahmad

A Federal High Court in Abuja has invalidated the excise duty on carbonated drinks imposed by the federal government. The court's decision follows a lawsuit filed by the Nigeria Employers' Consultative Association (NECA) in 2022 challenging the newly introduced N10 per liter excise duty on non-alcoholic, carbonated, and sweetened beverages. Excise duty is a tax imposed on the production, licensing, and sale of goods.