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6 Uncomplicated Ways to Get Studying Fun

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Investment commission pledges FDI support to improve Nigeria’s

  • March 6, 2022
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Nigeria’s gas revolution will lift West Africa’s energy

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Currency outside banks hit ₦4.6trn in March – CBN

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Customs make N672.1bn in four months from Apapa command

The Apapa Command of the Nigeria Customs Service said it generated N672.1 billion from January to April 2024. This was disclosed by the outgoing area controller of the Apapa command, Babajide Jaiyeoba during his handover and retirement ceremony in Lagos on Monday, according to Daily Trust. Jaiyeoba said the command made a record-breaking revenue of […]

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CBN raises Customs rates for cargo clearance by 14%

The Central Bank of Nigeria has again announced a hike in the exchange rate for paying import duty by 14 per cent. According to Information from the official trade portal of the Nigeria Customs Service, the apex bank raised the Customs FX duty rate from N1,164.84/$ to N1,327.35/$ on Monday, April 29, according to Businessday. […]

News

EU proposes road network to mitigate smuggling in Nigeria, others

The European Union (EU) has called on Nigeria and nine other neighboring African countries to initiate road networks across specific zones to curb smuggling activities in the region under the Gateway Corridor project. This was disclosed in a statement by the Nigerian Customs Service via a post on its official X handle on Friday. The […]

News

Customs pledges support for Nigeria-made vehicles

Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, has pledged his support for locally produced vehicles and said that such an initiative would help boost economic growth. This follows a test drive to one of the factories for made-in-Nigeria vehicles. This disclosure was made on NCS’s official X account on Friday. Adeniyi said, “This […]

News

PTML Customs generated N67bn revenue in Q1

Nigeria’s Customs Service Port & Terminal Multipurpose Limited Command, has disclosed that it generated a total of N66.9 billion in revenue for the first quarter of 2024. This was revealed by the Public Relations Officer of the command, Muhammad Yakubu in a statement on Saturday, according to the Punch. This shows a significant 49.6 per […]

Customs partners EU to streamline trade, documentation
News

Customs partners EU to streamline trade, documentation

By Melvin Onwubuke   The Nigerian Custom Service has announced it’s partnership with the Directorate-General Taxation and Customs Union of the European Union with the purpose of simplifying trade processes, supervising exports, and enhance documentation in Nigeria. This was disclosed by the Comptroller General of Customs, Adewale Adeniyi, following a discourse with DG TAXUD officials, […]

Customs seize contraband worth N924m in three months
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Seme Customs Boss blames ‘Nigerian factor’ for proliferation of illegal checkpoints

The Seme Area Command of the Nigeria Customs Service, NCS, has cited the “Nigerian factor” as the cause of the numerous checkpoints staffed by security personnel along the route, particularly between Agbara, Badagry, and Seme. The Customs Area Controller, Dera Nnadi mni, said that as the lead agency in Seme Border, his office has done everything […]

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 […]

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Customs seize contraband worth N305m in two months

The Nigeria Customs Service’s Federal Operations Unit Zone B has revealed that between January and February 2023, it made 130 seizures of contraband worth N305 million. The Punch reported that a statement from the Zone’s public relations officer, Suleiman Isah, disclosed other items seized during the period under review included 163 jerry cans of vegetable […]