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Tag: NCS

Onne customs reports N643bn revenue for 2024
News

Customs halts 4% FOB charge implementation

The Nigeria Customs Service has suspended the implementation of the 4% Free-on-Board value charge on imports, as outlined in Section 18(1)(a) of the Nigeria Customs Service Act (NCSA) 2023. In a statement signed by Assistant Comptroller of Customs and National Public Relations Officer, Abdullahi Maiwada, the NCS said the decision followed extensive consultations with Finance […]

Onne customs reports N643bn revenue for 2024
News

Customs vow to cut cargo clearance time to one hour

The Nigeria Customs Service Port Terminal Multiservices Limited Command has expressed its commitment to achieving a one-hour clearance for roll-on-roll-off cargo, aiming to surpass its current two-hour record. The Customs Area Controller of PTML, Tenny Daniyan, made this statement on Tuesday during the command’s celebration of International Customs Day in Lagos. Roll-on-roll-off cargoes refer to […]

News

Customs disbands patrol team, cuts checkpoints nationwide

The Nigeria Customs Service has disbanded the Joint Border Patrol Team and authorized a reduction in checkpoints nationwide to streamline operations and facilitate the movement of goods and people across the country’s borders. This was disclosed in a statement on Tuesday by the The Comptroller-General of Customs, Bashir Adeniyi, adding that the move is part […]

News

W’Africa now hub for stolen vehicles, says customs

The Nigeria Customs Service has revealed that West Africa has become a key destination in the global stolen vehicles trade network, which spans from Europe and North America to South America and Australia. The Comptroller-General of Customs, Adewale Adeniyi, made this disclosure on Tuesday in Lagos during a display of seized vehicles. He also noted […]

Onne customs reports N643bn revenue for 2024
News

Exchange rate for customs duties drops to N1,637/$

The exchange rate for customs duties collection has decreased to N1,637 per USD, down from N1,666 per USD recorded last week. According to the customs exchange rate portal, the foreign exchange rate for customs duties collection has steadily increased from N1,564 per USD at the beginning of September to the current rate of N1,637 per […]

News

Customs names new key management appointments

The Comptroller-General of Customs, Adewale Adeniyi, has approved several key management appointments within the Nigeria Customs Service, following the statutory retirement of some members of the management team. These appointments are made in an acting capacity and are part of a strategic redeployment aimed at enhancing service delivery. This was disclosed in a statement on […]

News

Customs unveil guidelines for 150-day tariff waiver on major foods

The Nigeria Customs Service has introduced guidelines to implement a 150-day tariff waiver on select staple foods. This initiative follows the approval of a ‘zero tariff’ policy by President Bola Tinubu, as announced by Customs spokesperson Abdullahi Maiwada on Wednesday. The waiver applies to specific food items, including husked brown rice, sorghum, millet, maize, wheat, […]

News

Customs unveil guidelines for 150-day tariff waiver on major foods

The Nigeria Customs Service has introduced guidelines to implement a 150-day tariff waiver on select staple foods. This initiative follows the approval of a ‘zero tariff’ policy by President Bola Tinubu, as announced by Customs spokesperson Abdullahi Maiwada on Wednesday. The waiver applies to specific food items, including husked brown rice, sorghum, millet, maize, wheat, […]

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FG to forfeit N188bn on food import waiver – Customs boss

The Nigeria Customs Service announced that the Federal Government may forfeit N188.37 billion in revenue due to the duty waiver given for staple food importation in six months. This was disclosed by the Comptroller-General of Customs, Adewale Adeniyi at a press briefing in Abuja while speaking on the theme, ‘Facilitating food trade through efficient Customs […]

News

Customs duties exchange rates passes official market rate

The Nigeria Customs Service has raised the exchange rate for collecting customs by N3, surpassing the official Naira closing rate during the NAFEM window . The customs exchange rate website reveals that the FX rate for collecting duties is N1584/$, however FMDQ data indicates that the naira closed at N1581 to the US dollar on July […]