Nigeria Customs Service

How World Bank May Influence Nigeria’s Tax Reforms For $750m Loan

In a bid to secure a hefty $750m loan from the World Bank, Nigeria's Federal Government is contemplating reintroducing previously… Read More

8 hours ago

Unstable Customs Duty Exchange Rate Weakens Investors’ Confidence In Nigeria’s Economy – Expert

As Nigeria Customs Service (NCS) continues to adjust rate for calculating import duty due to fluctuations in the foreign exchange… Read More

5 days ago

Customs FX Rate For Import Duties Drops Again To N1,147/$

The Nigeria Customs Service (NCS) has again slashed the foreign exchange (FX) rate for calculating import duties from N1,238.1 to N1,147.02 per dollar. Read More

3 weeks ago

Customs Revenue Collection Rises By 122.35% To N1.3trn In Q1 2024

Nigeria Customs Service’s revenue collection increased by 122.35 per cent to N1.3 trillion in the first quarter of 2024 against… Read More

1 month ago

CBN’s FX Rates For Import Duty Disrupts Our Services, Customs Boss Cries Out

Comptroller General of the Nigeria Customs Service (NIS), Adewale Adeniyi, has lamented about the current FX rates system approved by… Read More

1 month ago

Customs Suspends Cheap Rice Sale As 7 Die During Stampede In Lagos

The Nigeria Customs Service has suspended the sale of rice in Lagos following the unfortunate incident that reportedly led to… Read More

2 months ago

Peg Import Duty Dollar Rate At N1000/$ – CPPE Urges CBN

The Centre for the Promotion of Private Enterprise (CPPE), has urged the Central Bank of Nigeria (CBN) to peg exchange… Read More

2 months ago

Adopt Official FX Rate For Import Duty Assessment, CBN Tells Nigeria Customs

Following concerns raised by importers about irregular changes in import duty assessment levies applied by Nigeria Customs Service (NCS), in… Read More

2 months ago

Food Crisis: Nigeria Customs Sells Seized Items, A Bag Of Rice For N10,000

The Nigeria Customs service (NCS) has announced that it has begun nationwide sales of seized food items including bags of… Read More

2 months ago

Customs Service, FIRS, NUPEC Share N53.5bn For Revenue Collection Costs, FAAC Reveals

Nigeria's key revenue-generating agencies - the Customs Service, FIRS, and NUPEC - jointly claimed N53.5 billion in November as the… Read More

4 months ago

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