FAAC revenue hits N6.28 trillion in Q2 2024 as VAT, import duties offset low oil earnings
The revenue of the Federation Account earnings (FAAC) rose to N6.28 trillion in the second quarter of 2024, driven by ...
Tag: Import duties
Nigeria Customs extends verification exercise for illegally imported aircraft by one month
The Nigeria Customs Service (NCS) has announced a one-month extension of the verification exercise of recovery of import duties on ...
Nigeria risks losing cargoes to neighbouring countries over high customs FX rate – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigeria risks losing cargo to neighboring countries over ...
Zero-Duty, VAT exemption on essential food imports effective July 15 to year-end – Nigeria Customs Service
The Nigeria Customs Service has announced the implementation of the duty waiver on essential food imports, effective from July 15, ...
Customs to lose N188 billion in revenue over tariff removal on food imports
The Nigeria Customs Service (NCS) has stated that the revenue loss over the six month approved duties free importation of ...
FG to grant tax breaks to companies employing more staff – Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has stated that the federal government is ...
Exchange rate for customs duties collection rises to N1,618/$
The exchange rate for the Nigeria Customs Service (NCS) duties collection has risen to N1618.73/$ according to the latest figure ...
Exchange rate for Customs duties collection drops by N43 as Naira strengthens
The exchange rate for import duties collection by the Nigeria Customs Service (NCS) has declined from N1,584/$ on the 22nd ...
Exchange rate for customs duties collection rises above official market rate again
The exchange rate for duties collection by the Nigeria Customs Service (NCS) has risen by N3 above the official closing ...
Why I approve suspension of tariffs on food importation into Nigeria — President Tinubu
President Bola Tinubu has explained his reasons for approving the temporal suspension of import duties on selected food items into ...
