FG Targets $176bn Revenue As Customs Signs $3.2bn Digitisation Deal The Nigeria Customs Service and a consortium, Trade Modernisation Project Limited, have signed a concession agreement worth $3.2bn to digitalise operations of the border security and revenue collection outfit. As a result of this deal, the...

Subsidised Petrol Smuggled As Far As Mali - Customs       The Nigeria Customs Service has said Premium Motor Spirit, popularly known as petrol, is being smuggled out of Nigeria in large quantities after it has been subsidised by the Federal Government. According to the border security outfit,...

Fed Govt Grants Importers N342bn Waivers       The federal government of Nigeria on Thursday said it granted N342bn waivers to importers in the last two years. Minister of Finance, Budget and National Planning, Zainab Ahmed, said this at the second phase of the one-day sensitisation seminar on...

NIMASA, Customs Move To Curb Temporary Import Permit Abuse   The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Customs Service (NCS) have agreed to join forces to check the abuse of Temporary Importation Permit (TIP) to curb the loss of accruable revenue from...

Customs Want Import Tax On Petroleum Products Reintroduced   The Nigeria Customs Service is seeking the reintroduction of import tax on petroleum products. The Comptroller-General of Customs, Col Hameed Ali, said this at the 2020 budget defence before the House of Representatives Committee on Customs. The Federal Government...

Customs, Importer Disagree Over Impounded Containers Of Rice   The Nigeria Customs Service and Masters Energy Commodities Trading Limited, owners of some of the containers of rice recently seized by the former, have disagreed over the dates when the seizures were made. While the Customs on Friday...