How Desirable is 5% Excise Duty on Telecom Services? By Ibrahim Dan Halilu The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has thrown Nigeria into another controversy amidst plans to launch the 5G network, which is expected to transform every sector and sphere...

Fed Govt Rakes In N8.6trn From Customs, FIRS In 2021   The federal government has realized the sum of N8.6trn as taxes for the year 2021. Data released by the Nigeria Customs Service (NCS) and the Federal Inland Revenue Service (FIRS) disclosed that both agencies generated N2.2...

Customs Seize N3.3bn Worth Of Smuggled Goods In June     Customs Area Controller, Federal Operations Unit, Zone A, Usman Bello Yahaya, said on Wednesday that the Unit recorded a total of 144 seizures with a Duty Paid Value (DPV) of N3.3 billion in June 2021. He said...

FG Loses 50% Vehicle Import Duty, Levies To Smugglers – Report         The federal government is losing billions of naira in duties payable on imported vehicles as 50 per cent of such vehicles in Nigeria reportedly come in illegally through closed borders, it has been revealed. An...

Customs To Begin Verifying Private Jet Owners From June 7       The Nigeria Customs Service (NCS) has said it will begin a verification exercise for all private jet owners from June 7 to July 6, 2021 for documentation. Speaking during a press conference in Abuja on Monday,...

Nigeria Records N5trn Non-oil Exports       More than N5 trillion non-oil export cargoes were ferried out of the country in the fourth quarter of last year. The goods were shipped out of Lagos ports and formed part of the total export goods valued at about N6 trillion. Customs...