'15% Imported Vehicle Levy Illegal Under Finance Act'
Former member of the National Automobile Commission committee, Lucky Amiwero, has justified the 15 per cent levy imposed by the Nigeria Customs Service on imported vehicles illegal, saying that it contravenes the nation’s Finance Act.
The NCS had,...
Reps Okay N369bn For Customs’ 2022 Budget
The House of Representatives has approved the sum of N369.136 billion as the 2022 budget for the Nigeria Customs Service (NCS). This followed the adoption of the report presented by the chairman, House Committee on Customs and Excise,...
Customs, CBN Clash Over E-valuation Of Imports, Exports
The Nigerian Customs Service has refuted media reports which claimed that the service has adopted the e-evaluator and e-invoicing for importers and exporters introduced by the Central Bank of Nigeria.
In a statement released on Thursday via the...
Customs Records N4.5bn Seizures In One Month
The Federal Operations Unit Zone A of Nigeria Customs Service in charge of Lagos has said it recorded N4.5 billion seizures of contraband in January 2022.
Speaking to journalists in Lagos, Acting Comptroller, Deputy Comptroller Hussein Kehinde Ejibunu, said...
Customs Faults Finance Act As Senate Sets N3trn Target For Revenue Agencies
The Nigeria Customs Service has described the Finance Act 2021 as confusing, saying it is hindering its ability to collect levies and taxes.
This came as the President of the Senate, Ahmad Lawan, said...
FG Gives Customs N4.1trn Revenue Target
The Federal Government has set a revenue target of N4.1trillion for the Nigeria Customs Service (NCS) this year.
The service contributed N2.24trillion into the Consolidated Revenue Account (CRA) last year.
The N4.1trillion revenue target was disclosed by the Customs Area Controller...
