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CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown

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Tag: Customs

Kaduna customs hits N16.3bn revenue in 2023
featured

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 […]

Ports and Airports

Customs AG CG reiterates commitment to decongest ports

The Acting Comptroller General of Customs, Adewale Adeniyi, has announced that the Nigerian Customs Service is prioritizing the decongestion of ports in order to enhance their efficiency and support export-led economic development. According to Nairametrics, Adeniyi made this known during a meeting at the Presidential Villa on Tuesday where he emphasized the commitment of customs […]

Customs, transport ministry team up to boost trade
Business

Customs, transport ministry team up to boost trade

The Federal Ministry of Transportation and the Nigeria Customs Service claim to be working together to develop and put into effect policies that will improve trade facilitation. This Punch reported that this was stated on Thursday in Abuja when the Assistant Comptroller-General of Customs, Adewale Adeniyi, hosted a delegation from the Federal Ministry of Transport, headed […]

TETFund urges FG to increase education tax
Foods

Why I shut down borders – Buhari

The President, Major General Muhammadu Buhari (retd.), has said he deliberately shut the country’s borders to encourage food production in Nigeria.   Buhari made this known while addressing Nigerians in a public conference in Abuja on Wednesday.   While the move was heavily criticised, Buhari noted that Nigerians later appreciated it.   He said, “I […]

Business featured

Lagos airport customs revenue rises by 25%

Bisola Fatoye The Murtala Mohammed Airport Command of the Nigeria Customs Service generated N69.8 billion in income in 2022 as opposed to N55.67 billion in revenue in 2021. This was disclosed by the Customs Area Controller, Sambo Dangaladima, while outlining the command’s projected earnings for 2022. He said that the area command had never enjoyed […]

New naira'll make ransom payment difficult - CBN
Economy

CBN responsible for export exchange rate – NCS

The Nigeria Customs Service said the Central Bank of Nigeria is responsible for the exchange rate increase on imported goods. According to the Nation, NCS said this in a statement yesterday by it’s Public Relations Officer, Timi Bomodi saying it is only the CBN that has the power to do so. The statement reads, “The […]

Customs, FAAN ranked worst-performing agencies in May 2024
News

How agents forged my signature, cleared vehicles – Customs boss

At least four clearing agents were arrested for forging the signature of the Customs Area Controller in charge of the TinCan Island Command of the Nigeria Customs Service, Comptroller Adekunle Oloyode, to clear imported cars. Oloyode, who said this while briefing journalists on the half-year report of the command, said that the agents wanted to […]

Maritime

Containers clearing cost jumps by 67%, vehicle parts’ prices soar

Freight charges in the nation’s seaports have jumped by 67 per cent, resulting in increases in prices of vehicle spare parts, AM Business has learnt. In separate interviews with our correspondent in Lagos, freight forwarders said they used to pay around N600, 000 to clear a 40-foot container loaded with used vehicles’ spare parts, but […]

News

Customs impound Dangote truck with 250 bags of foreign rice

The Comptroller-General of the Customs Strike Force, Team A Unit, Mohammed Yusuf, has said his officers seized a Dangote truck loaded with 250 bags of banned imported rice. Yusuf stated this on Thursday in Ikeja, Lagos, during a press briefing on a four-week operation of the agency in different parts of Ogun and Lagos states. […]

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