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Incentives: Customs, FIRS, DPR Got N142bn in Buhari’s One year

Three major revenue collecting agencies of the federal government have shared a total of N142.6 billion between June 2015 and May 2016. This is the cost of revenue collected by the Nigeria Customs Service (NCS), the Federal Inland Revenue Service (FIRS) and the Department...

CBN Forex Policy: Customs Loses N138.9bn in 5 Months

Controller General of the Nigeria Customs Service, Col. Hameed Ali, retd, has said Nigeria lost a total of 138.9 billion, representing 35.5% in income generation expected from the agency between January and May, 2016. The development came as the Senate Committee on Finance directed all...

NCS Re-Imposes Restriction on Rice Importation

Nigeria Customs Service has re-introduced the restriction order on  importation of rice through land borders across the country. 2. Comptroller-General of Customs, Col. Hameed Ali (Rtd) gave the approval for the reversal of an earlier policy in October 2015 which allowed rice imports through the...