Yesterday, it was reported that the Central Bank of Nigeria (CBN) had increased the exchange rate used to calculate tariffs and import duties collected at airports and seaports.This development comes ...
Yesterday, the Central Bank of Nigeria (CBN) increased the exchange rate for paying customs duties at the nation's seaports by 11.1% following the crash in the value of naira against the dollar in the...
The Central Bank of Nigeria (CBN) has adjusted the Custom duties at the nation's seaports and airports from N1,617.96/$1 to N1,593.41/$1, a 1.5% reduction.Analysts stated that the reduction in Customs...
On Tuesday, the Apapa Command of Nigeria Customs Service (NCS) announced that it generated N16.02 billion on February 23, 2024. Usman Abubakar, the command's public relations officer, said that the am...
The Senate recently approved the 2024 budget of the Nigerian Customs Service (NCS), valued at N5.079 trillion. The legislative chamber made this announcement on Wednesday.The passage of the budget int...
As the naira continues its battle against the dollar, the Central Bank of Nigeria (CBN) has swiftly adjusted the exchange rate for computing customs duties at the nation’s seaports. This has caused ...
The Federal Operations Unit (FOU), Zone A, of the Nigerian Customs Service recently reported that it has recovered N83.14 million from importers who paid lower Customs Duty to the federal government a...
Following the rejection of stakeholders following the proposed CBN plans to adjust the exchange rate on the Customs platform to N1,356.883/$, the Central Bank of Nigeria (CBN) has settled on leaving t...
The Nigerian Customs Service (NCS) has made some adjustments to its tariffs and duties to follow suit with the current foreign exchange rate.The updates made can be seen on the federal government’s ...