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Tag: Nigerian customs service

Onne customs reports N643bn revenue for 2024
News

Customs to launch e-system for cash declaration, fight money laundering

The Nigeria Customs Service is preparing to launch an electronic system to streamline the declaration process for travelers carrying significant amounts of cash into or out of Nigeria. In an interview on Thursday, NCS spokesperson, Abdullahi Maiwada stated that this initiative aims to strengthen the country’s anti-money laundering framework and improve compliance with financial regulations, […]

Onne customs reports N643bn revenue for 2024
News

Customs seize 16 containers of illicit drugs

The Nigeria Customs Service, Tincan Island Command, has announced it intercepted 16 containers containing illicit substances, unregistered pharmaceutical products, and other prohibited items, discharged between May 17 and October 23, 2024. The total duty-paid value of the seized goods is estimated at N4 billion. Customs Area Controller for the Tincan Island Command, Dera Nnadi, disclosed […]

News

Customs blame foreign exchange for surge in fuel smuggling

The Nigeria Customs Service’s Operation Whirlwind Taskforce has attributed the increasing rate of fuel smuggling in the country to fluctuations in foreign exchange. This was disclosed in a statement by the coordinator of the taskforce, Husseini Ejibunnu during a press briefing where seized premium motor spirit was displayed. Ejibunnu explained that the demand for foreign […]

Onne customs reports N643bn revenue for 2024
News

Customs promise port users uninterrupted operations amid national protest

The Customs Area Controller, CAC, Apapa Port Command, Comptroller Babatunde Olomu promised port customers in Apapa that the Nigeria Customs Service will carry on with business as usual despite concerns about an upcoming nationwide protest. A statement on Tuesday from Customs Public Relations Officer, Apapa Port Command, Usman Abubakar, said Olomu gave the assurance at […]

News

Rivers customs generate N312bn in six months

Nigerian Customs Service, Area 2 Command, Onne, Rivers State, stated the command generated over N312 billion in the first half of the year, representing 50.5 per cent of the annual target given to the command. This was disclosed by the Comptroller of the command, Mohammed Babandede on Wednesday during a briefing with pressmen at the […]

News

Customs duties exchange rate falls to N1,512/$

The currency rate for customs duty collection fell from N1516/$ to N1512/$ between July 5th and July 7th, 2024. This reflects a decrease in N4 when compared to the preceding rate. The decrease in the exchange rate represents the dip in rates during the 4th and 5th of July 2024, when the official market rate […]

News

Customs revenue rises by 74%, hits N4.5tn in one-year

The Nigeria Customs Service stated on Wednesday that its revenue climbed 74% to N4.49 trillion between June 2023 and May 2024, compared to the same period the previous year. This was disclosed by the Comptroller-General of Customs, Adewale Adeniyi, in Abuja, while offering an analysis of the NCS’s performance over the previous year under his […]

Customs suspends 25% penalty on imported vehicles
News

Customs suspends 25% penalty on imported vehicles

The Nigeria Customs Service has announced the suspension of the 25% penalty previously imposed alongside import duty on improperly imported vehicles. This decision, revealed in a statement by Abdullahi Maiwada, the National Public Relations Officer of NCS, on Friday, March 22, 2024, follows a directive from the Minister of Finance and Coordinating Minister of the […]

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

Customs arrests car smuggling group leader

The Nigeria Customs Service has arrested the head of a car smuggling group, Shuaibu Kolo, who was notorious for forging documents issued by Customs to smuggle vehicles from the Benin Republic into Nigeria. The Acting Customs Controller in charge of Federal Operations Unit, Zone A, Hussein Ejibunu, disclosed on Tuesday while addressing journalists in Ikeja, […]

News

Clearing agents, terminal operators sabotaging $120m scanners – Customs

  The Nigeria Customs Service has accused terminal operators and clearing brokers of sabotaging the $120 million scanners that were recently deployed. According to The PUNCH, this was disclosed by the Customs Area Controller in charge of TinCan Island Ports, Mr Adekunle Oloyode, while addressing journalists at the command in Lagos. He stated that using […]

News

Agents protest as customs hike imported vehicle duty

Following the Nigeria Customs Service’s decision to increase duty on imported automobiles by 10%, freight forwarders have predicted a congestion at the nation’s seaports due to the influx of imported vehicles. According to The PUNCH, the agents accused the service of effecting 10 per cent duty increase but failed to apply the 10 per cent […]

News

Port terminal generated N213bn in 11 months – Customs

  The Nigerian Customs Service has revealed that its Port Terminal Multiservices Limited generated the sum of N213bn in the last 11 months. According to Daily Post, this was disclosed by the Customs Area Controller of the PTML Command, Comptroller Suleiman Bomai, on Saturday in Lagos. He stated that a total sum of N213,405,461,873.00 was […]