Tag
NIGERIA CUSTOMS
The Nigeria Customs Service (NCS) has stated that the revenue loss over the six month approved duties free importation of food items could reach N188 billion.
The Nigeria Customs Service (NCS) Apapa command has surpassed its 2023 revenue performance of N1.17 trillion just in the first 7 months of 2024.
The exchange rate for the Nigeria Customs Service (NCS) duties collection has risen to N1618.73/$ according to the latest figure from the service’s exchange rate portal.
The Nigeria Customs Service (NCS) has begun implementing duties and tax-free importation of rice, flour, wheat, and other essential food items to help reduce the high costs of food in the country amid the severe hunger crisis in Nigeria.
The exchange rate for import duties collection by the Nigeria Customs Service (NCS) has declined from N1,584/$ on the 22nd of July to N1,541/$ today representing a drop of N43.
The exchange rate for duties collection by the Nigeria Customs Service (NCS) has risen by N3 above the official closing rate of the Naira on the NAFEM window.
About 1,800 petrol stations in Nigeria's northeast were shut down to protest an anti-smuggling operation by the Nigeria Customs Service (NCS) targeting some operators.
The foreign exchange rate for import duties collection by the Nigeria Customs Service (NCS) has stayed at N1474/$ in the last three weeks consecutively- the longest duration since January.
The exchange rate for the Nigeria Customs duties collection has risen by 23.9% from N1,196.6 per USD to N1,482.9/$. This marks an increase of N286.3 in just 2days from May 30th 2024 when it dropped to the N1,196.6/$ rate.
The exchange rate for import duties collection by the Nigerian Customs Service (NCS) has increased by N38 from N1492/$ to N1530 to the USD according to the latest update on the Customs exchange rate portal.
The exchange rate for customs duty collections has risen to N1502.1/$, the highest in seven weeks going back to March 22nd when the figure stood at N1572/$.
The Centre for Promotion of Public Enterprise, (CPPE) has asked CBN to adopt a specific quarterly exchange rate for import duty collection as a measure towards addressing the problems associated with frequent changes in customs exchange rate and general volatility of the foreign exchange market.