Customs adjust FX rate for import duties to N1,147/$ The Nigeria Customs Service (NCS) has again adjusted the foreign exchange (FX) rate for duties to N1,147.02 per dollar. This represents a 7.3 percent decrease compared to N1,238.1/$ displayed on April 18. TheCable reports that the rate adopted by customs[Read More…]
Customs, NPA partners to Enhance Trade Facilitation The Acting Comptroller-General of Customs, Bashir Adewale Adeniyi has expressed commitment to enhance the output of designated export processing terminals. The Customs boss made this revelation in Abuja, when he received the Managing Director of Nigeria Ports Authority (NPA), Muhammad Bello Koko[Read More…]
FCSC chair Ingawa hails new Customs boss, okays internal succession in MDAs Chairman of the Federal Civil Service Commission (FCSC) Dr. Tukur Bello Ingawa has showered praises on the new Acting Comptroller General of Nigeria Custom Service (NCS) Bashir Adewale Adeniyi for his giant strides and expressed his approval[Read More…]
Customs moves to decongest seaports The acting Comptroller-General of Customs, Bashir Adewale Adeniyi, has expressed his determination to immediately move to decongest Nigerian seaports. Adeniyi, who disclosed this during a meeting with the Federal Ministry of Transportation in Abuja, said that the Nigeria Customs Service (NCS) would face the[Read More…]
A total N12.7 trillion revenue was generated by the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS) in 2022, a 46.8 per cent increase year-on-year (YoY) from N8.7 trillion they both collected in 2021. National Bureau of Statistics (NBS) data shows government agencies, including Nigerian Upstream Petroleum[Read More…]
