The Nigeria Customs Service has suspended import duties and taxes on essential food items to ease the burden of rising food prices. This measure, aimed at mitigating the impact of global inflation, is part of the Federal Government's efforts to make food more affordable for Nigerians.
The...
The Nigeria Customs Service seized a ₦13.9 billion arms and ammunition shipment from Turkey at Onne Port, Rivers State. The confiscated container included 844 rifles and 112,500 rounds of ammunition. Three suspects were arrested, and further investigations are underway to uncover the smuggling...
Nigeria Customs Deputy Comptroller Essien Etop Andrew died suddenly during a House of Representatives committee hearing. He collapsed while answering questions and was pronounced dead at the National Assembly clinic. The House has suspended hearings for a week in his honor and pledged to...
The Nigeria Customs Service adjusts import duty FX rate to N1,474.69 per dollar, marking a 23.2% increase from the previous rate. This change, reflected on the government's trade portal, aligns with customs' practice.
The Nigeria Customs Service (NCS) has increased the foreign exchange (FX)...
Nigeria Customs has reduced the forex rate for import duties to N1,480 per US dollar, down 3.28% from N1,530. The new rate, effective Monday, aims to manage import costs but raises inflation concerns. Experts debate pros and cons amid Nigeria's currency challenges.
The Nigeria Customs Service...
Recent updates from the Nigeria Customs Service (NCS) reveal a surprising development in the foreign exchange market, as the exchange rate for cargo clearance has dropped to N1,164.84/$, falling below both official and parallel market rates.
This significant shift, reported by Nairametrics...
Amidst efforts to stabilize the Nigerian economy, the Nigeria Customs Service (NCS) has made a significant adjustment in the foreign exchange (FX) rate for duties, setting it at N1,147.02 per dollar.
This marks a notable decrease of 7.3 percent compared to the previous rate of N1,238.1/$...
The police summoning of Bukky Shonibare, chairman of FIJ's Board of Trustees, has sparked outrage and condemnation from various quarters, particularly on social media. Critics argue that the summon appears to be an attempt to suppress investigative journalism rather than address the substantive...
In a somber obituary message released on Saturday, the All Progressives Congress (APC) confirmed the heartbreaking loss of one of its members, Comfort Adebanjo, and six other Nigerians who met their untimely demise during a stampede while attempting to purchase seized rice sold by the Nigeria...
In a bid to address Nigeria's burgeoning debt crisis, the Senate Committee on Customs contemplates raising the revenue target for the Nigeria Customs Service (NCS) in the latter half of 2024.
The current target stands at N5 trillion for the fiscal year. Isah Jibrin, Chairman of the Senate...
The Nigeria Customs Service (NCS) has implemented a substantial exchange rate adjustment for cargo clearance, increasing it from N783/$ to N952/$, marking a significant 22.8% rise.
This adjustment, visible on the federal government's trade portal, impacts duties imposed on imported cargoes...
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