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Tag "Nigeria Customs Service"

Customs adjust FX rate for import duties to N1,147/$

    Customs adjust FX rate for import duties to N1,147/$

The Nigeria Customs Service (NCS) has again adjusted the foreign exchange (FX) rate for duties to N1,147.02 per dollar. This represents a 7.3 percent decrease compared to N1,238.1/$ displayed on

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Customs FX rate for import duties drops to N1238/$

    Customs FX rate for import duties drops to N1238/$

The Nigeria Customs Service (NCS) has again adjusted the foreign exchange (FX) rate for duties to N1,238.17 per dollar. This represents a 6.8 percent decrease compared to N1,246.66/$ displayed on

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NACCIMA to FG: Customs must collect duties in naira — NOT dollar

    NACCIMA to FG: Customs must collect duties in naira — NOT dollar

The Nigeria Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) says duties collected by the Nigeria Customs Service (NCS) should be charged in naira and not dollars. Dele

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Customs collected N1.3trn revenue in Q1 2024, says Adeniyi

    Customs collected N1.3trn revenue in Q1 2024, says Adeniyi

The Nigeria Customs Service (NCS) says it collected more than N1.3 trillion in revenue in the first quarter of 2024. Adewale Adeniyi, comptroller general of NCS, spoke in Abuja during

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FG suspends 25% penalty imposed on improperly imported vehicles

  FG suspends 25% penalty imposed on improperly imported vehicles

The federal government has suspended the 25 percent penalty imposed on improperly imported vehicles. This was announced in a statement

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Customs to implement Export Prohibition Act to curb food smuggling

  Customs to implement Export Prohibition Act to curb food smuggling

The Nigeria Customs Service (NCS) says President Bola Tinubu has directed total compliance with the Export Prohibition Act concerning food

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CBN to customs: Use official FX rate for import duty

  CBN to customs: Use official FX rate for import duty

The Central Bank of Nigeria (CBN) has directed Nigeria Customs Service (NCS) and other related parties to adopt the closing

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‘NIN required’ — Customs to sell seized food items at discounted prices

  ‘NIN required’ — Customs to sell seized food items at discounted prices

The Nigeria Customs Service (NCS) says the beneficiaries of its planned distribution of seized food items must have a verifiable

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‘To mitigate current hardship’ — customs to distribute seized food items

  ‘To mitigate current hardship’ — customs to distribute seized food items

The Nigeria Customs Service (NCS) says seized food items will be distributed to Nigerians to help mitigate the current hardship

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Customs FX rate now N1,515/$ — sixth adjustment in February

  Customs FX rate now N1,515/$ — sixth adjustment in February

The Nigeria Customs Service (NCS) has adjusted the foreign exchange rate for its tariffs and duties to N1,515 to a

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