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Tag: Nigeria Customs Service

Customs seize 80,000-litre tankers with adulterated diesel
News

Customs, firm seal $3.2bn digitisation deal

The Nigeria Customs Service and a consortium, Trade Modernisation Project Limited, on Monday, signed a concession agreement worth $3.2bn to digitalise operations of the border security and revenue collection outfit. This is just as the Federal Government expects to generate over $176bn from the deal. At the agreement signing ceremony held at the Abuja national […]

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

Customs intercept 12 trucks of imported poisonous rice

THE Federal Operations Unit, Zone A, of Nigeria Customs Service, says it intercepted 7,259 bags of 50kg of foreign parboiled rice which is equivalent to 12 trucks in April. The service said 12 suspects had so far been arrested by the unit in connection with the seizure of different contrabands and others. Addressing journalists at […]

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

Border reopening: Experts predict 60% rise in vehicle smuggling

Few days after the Federal Government announced the reopening of four land borders, stakeholders, including clearing agents and car dealers, have predicted a 60 per cent increase in the smuggling of vehicles into the country. The Federal Government had, last weekend, approved the reopening of Idiroko, Jibia, Kamba and Ikom land borders. This is coming […]

Ports and Airports

Clearing agents kick as Customs re-introduces e-valuation next week

Clearing agents operating in the nation’s maritime sector have kicked against the planned re-introduction of e-valuation of imported vehicles by the Nigeria Customs Service next week. At the launch of the Vehicles Identification Number for valuation of imported vehicles in February, a number of stakeholders had voiced their displeasure over VIN’s objectivity, pointing out that […]

Anger as customs sell seized vehicles as scrap
News Ports and Airports

Maritime lawyers oppose 15% imported vehicle levy

AS the controversy surrounding the introduction of 15 per cent National Automobile Council levy on imported vehicles lingers, some maritime lawyers have demanded court intervention as a way of resolving the matter. The Nigeria Customs Service had recently introduced a 15 per cent NAC levy on used imported vehicles, a decision which didn’t go down […]

News Ports and Airports

Imported vehicles: Dealers threaten shutdown over 15% levy

As controversy continues to surround the introduction of 15 per cent National Automobile Commission levy imposed on imported used vehicles by the Nigeria Customs Service, car dealers have threatened to close their stores this week. The NCS had recently introduced a 15 per cent National Automobile Commission levy on used imported vehicles, a decision which […]

Economy News

NASS to pass Buhari’s revised 2022 fiscal framework today

The Senate and the House of Representatives will on Thursday (today) pass the revised 2022 fiscal framework of the Federal Government. The President of the Senate, Ahmad Lawan, made this known after the report of the Committee on Finance was stepped down today for consideration at the plenary on Wednesday. The Majority Leader, Yahaya Abdullahi, […]

Anger as customs sell seized vehicles as scrap
Maritime Ports and Airports

Imported vehicles: Customs slam 15% levy, clearing agents plan strike

CLEARING agents operating in the nation’s maritime sector may withdraw their services following the reintroduction of a 15 per cent National Automotive Council levy on imported used vehicles by the Nigeria Customs Service. NAC had in 2011 proposed 35 per cent duty differentials between imported fully-built units and locally assembled cars. The proposal reportedly failed […]