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Tag: Customs

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Customs exchange rate for cargo clearance reduce to N1593/$

The exchange rate for cargo clearance decreased to N1593.41/$, which represents a decrease of about N18.87  from last week’s record value of N1612.28. The Central Bank of Nigeria, through the customs, raised the exchange rate for cargo clearance by N18.44 compared to its previous value. The decline in the exchange rate for cargo clearance is […]

Custom to free detained vehicles, amid FX crisis
Business

Customs pledges 24-hour port operations improvement

The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, has given his assurance that the Time Release Study implementation would remove delays in cargo clearance and allow for 24-hour port operations. According to the News Agency of Nigeria, these statements were made by Adeniyi on Monday in a Lagos interview. He underlined that by locating and […]

Customs resume electronic auction of vehicles, overtime goods
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Customs resume electronic auction of vehicles, overtime goods

The Nigeria Customs Service announced on Friday that it has resumed the electronic auctioning of abandoned, confiscated cars and other items, including containerized consignments that have been sitting in ports for years. BusinessDay reported that according to the National Public Relations Officer for Customs, Abdullahi Maiwada, the redesigned e-auction platform was presented on Tuesday, January 16, 2024. […]

Kaduna customs hits N16.3bn revenue in 2023
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Kaduna customs hits N16.3bn revenue in 2023

The Nigeria Customs Service, Kaduna Command, increased revenue generation by 21.93% in 2023, earning a whopping N16.3 billion. This was revealed in a statement issued on Saturday by the command’s Public Relations Officer, Muhammad Aminu. He noted that the service generated N16.3 billion in revenue, a significant rise from the N13.4 billion recorded in 2022, […]

Custom to free detained vehicles, amid FX crisis
Business

Customs made 70% revenue from Lagos – Comptroller-General 

Seventy percent of the Nigeria Customs Service’s revenue came from Lagos State, according to Comptroller General Adewale Adeniyi. The Punch reported that he claimed that the Lagos State Government is planning new partnerships to boost the country’s overall economic growth and prosperity. The CGC 2023 Conference, with theme “Leveraging Data Analytics for Secure and Efficient Trade Facilitation […]

NCC, Customs devise counterpiracy plan
Business

NCC, Customs devise counterpiracy plan

Nigerian Copyright Commission and the Nigerian Customs Service have decided to work together more closely to create fresh anti-piracy tactics that will foster innovation and strengthen the country’s creative economy. The Punch reported that according to a statement, the agreement was made recently at the NCS Headquarters during a courtesy visit between Comptroller-General of Customs, Bashir Adeniyi […]

MMA Customs generate N74bn in 10 months
Business

MMA Customs generate N74bn in 10 months

The Nigeria Customs Service, Muritala Muhammed Airport Command, reported a revenue of N74.28 billion between January and October. According to The Punch, the command’s chief Customs Area Controller, Muhammad Yusuf, told reporters in the command on Wednesday that income had increased by 23% over the same period in 2022 compared to N60.1 billion. Additionally, he […]

Customs seize contraband worth N924m in three months
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Customs seize contraband worth N924m in three months

The Nigeria Customs Service, Western Marine Command, reported that from August to October, it seized various illegal items valued at N924 million. According to The Punch, the command’s spokesperson, Mailafiya Magaji, said it was stated that 17 sacks containing 1,199 parcels weighing 663.5 kg of cannabis sativa had also been intercepted in a statement released on Friday. It […]

Kaduna customs hits N16.3bn revenue in 2023
News

Customs service revenue surges 66.5% in four months

The Nigerian Customs Service has said that, in the four months from July to October 2023, revenue collection increased by an amazing 66.5%. The Times reported that the statement was made on Wednesday in Abuja at a national workshop on legislative compliance with the topic “The imperatives of legislative compliance in deepening democracy and good governance,” […]

Why importers abandon cargoes in Nigerian ports
Business

Customs, NPA plan synergy to track export cargoes

Juliet Buna The Nigeria Customs Service has said there is a need to form a joint team with the Nigerian Ports Authority to redefine export activities through the installation of trackers. This was contained in a statement by the acting Comptroller General of Customs, Adewale Adeniyi. He also expressed commitment to enhancing the output of […]

Kaduna customs hits N16.3bn revenue in 2023
News

Agents accuse Customs of breaking law

Licensed customs officers have criticized the Nigeria Customs Service for their alleged failure to properly utilize the 846 platforms for clearing automobiles with non-standard Vehicle Identification Numbers. Remember that the NCS created the 846 platform for clearing autos with non-standard VINs? The platform, which was first used at the service’s Tincan Island Command last year, […]

Kaduna customs hits N16.3bn revenue in 2023
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Kaduna customs seize vehicles, illegal goods worth N1m

The Federal Operations Unit of the Nigerian Customs Service in Zone B, Kaduna, has reported that the unit seized vehicles and other illegal goods worth N1 trillion between May and July. The Punch reported that the command’s public relations officer, Isah Sulieman, said in a statement on Friday that during the time period under consideration, the command […]

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