Nigerians Kick as FG Implements 7.5% VAT on Diesel The Federal Government, on Monday, confirmed that it had commenced the implementation of the payment of 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly called diesel. Officials of the Nigeria Customs Service and Federal...

Tinubu Economic Advisers Seek Customs, NIMASA, FIRS Merger   President Bola Ahmed Tinubu Policy Advisory Council has recommended the declaration of a state of emergency on revenue generation in the country. The council also proposed the merger of the Federal Inland Revenue Service, Nigerian Customs Service, and...

FG E-Modernisation Project Gulps N139bn - Customs The Comptroller General of Customs, Col. Hameed Ali says the promoters of the Nigeria Customs E-Modernisation project have committed $300 million; about N139 billion since the commencement of the project. The Nigeria Customs Service and a consortium, Trade Modernisation...

Customs Uncovers 25 Duty-evading Firms The Lagos Industrial Command of the Nigeria Customs Service says it has uncovered over 25 firms producing dutiable goods in Lagos State which are not on the list of excise-paying factories. The Customs Area Controller in charge of the command, Queen...

FG to Generate $200bn Revenue from Customs Modernisation Project The Federal Government is to generate $200bn revenue from the modernisation project of the Nigeria Customs Service, the concessionaire in charge of the project, announced on Thursday. Speaking at the flag-off of the Project Management Office of...

World Bank, Customs Partner to Improve Trade Compliance The Nigeria Customs Service, in collaboration with the World Bank under the Accelerating Revenue Mobilisation Reforms Programme, has introduced modalities for migration from the Fast Track Regime to Fast Track 2.0. In a statement, on Wednesday, the National...