Customs lifts ban on export of processed wood, charcoal, other allied products
The Nigeria Customs Service (NCS) has announced a conditional lifting of ban on export of processed wood, charcoal and other allied products. The NCS made this disclosure in a circular…
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Full List of Nigerian Banks’ Transfer/USSD Codes (2022 Updated)
Banking in Nigeria has gone so modern that new technologies tailored at making transactions smooth and seamless are now order of the day. As a customer of any of the…
Stanbic IBTC Bank Opens New Branch in Lekki Free Trade Zone
As part of efforts to bring exceptional banking solutions and services closer to its customers and the general public, Stanbic IBTC Bank has opened a new branch in the Lekki…
100 for 100 Policy: CBN Disburses N23.2bn to 28 Manufacturers across the country
The Central Bank of Nigeria (CBN) has disbursed a total of N23.20 billion to 28 companies whose projects were selected for funding in the first batch of its newly introduced…
Questions & Answers on Nigerian Currency (₦) Naira
We took a look at quick current affairs on Nigerian Naira. These questions and answers will guide you to have a quick Knowledge of the evolution of Nigerian Naira. Question: When…
27 Fonts that Support Naira (₦) sign
One of the font related problems Nigerians usually encounter when either typing or designing an e-commerce Naira based website is the Naira currency symbol (₦). In most cases, Naira users…
History of Reformation in Nigerian Banking Sector
The reformations that have taken place in Nigeria’s banking sector can be divided into two main periods. These reforms and their effects on the Nigerian economy will be discussed in…
History and Evolution of Banking in Nigeria
The origin of modern banking in Nigeria dates back to 1883 when the African banking corporation was established followed in 1884 by the establishment of the British bank of west…
International Customs Day 2022: Theme, History, and Significance
International Customs Day 2022: January 26 marks the celebration of International Customs Day (ICD) all across the world with the United Nations as the host. It is an annual event…
Maersk releases a snapshot of growing port congestion around the world
Danish shipping company, Maersk has provided clients with a global congestion update with shippers warned they must brace for another tough year of bottlenecks and disruption. In a statement released…
Customs launches new VIN-Valuation System to enhance trade facilitation
The Nigeria Customs Service, NCS has unveiled a Vehicle Identification System to help in trade facilitation. This the service said is in line with the Federal Governments’ policy on ease…
FG Imposes N10 per Litre Excise Duty on Non-Alcoholic, Carbonated, and Sweetened Drinks
The Federal Government has introduced an Excise Duty of N10 per litre on all non-alcoholic, carbonated, and sweetened beverages. Excise duty refers to the taxes levied on the manufacture of…
Nigeria Customs Act Amendment Bill: Finance Ministry, FIRS and the Gathering of Vultures
The present administration in the country is an enigma of sorts and will remain so for a long time to come. The government, through the Federal Ministry of Finance, has…
List of Successful Candidate for Recruitment into Nigeria Customs Service
List of Successful Candidate for Recruitment into Nigeria Customs Service By Onyebuchi AniekeyiNovember 2, 2021 Following the online application, computer base examination and screening exercise, below are the successful candidates…
FIRS Issues Simplified VAT regime for Non Resident Suppliers
Further to the Finance Act 2020, the Federal Inland Revenue Service, FIRS has issued simplified VAT regime for non-resident suppliers. Non-residents that make taxable supplies of goods and services to…
Ministry of Finance issues VAT (Modification) Order, 2021
The Ministry of Finance has issued a Value Added Tax (Modification) Order, 2021 with a commencement date of 30 July 2021. The Order revokes previous orders and modifies the list…
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