Tuesday, March 25, 2025

Economy

Customs implements zero duty rate on essential food items

The Nigeria Customs Service (NCS) has announced instructions for the implementation of a zero percent duty rate and Value Added Tax (VAT) exemption on...

Senate passes ₦70,000 minimum wage bill

The Nigerian Senate, on Tuesday passed the new minimum wage bill from ₦30,000 to ₦70,000 barely a few hours after President Bola Tinubu’s request The...
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Reps laud Customs on increased revenue, arms seizure

The House of Representatives Committee on Customs and Excise has commended the Nigeria Customs Service (NCS) for generating more...

Customs partners with FAAC to enhance revenue generation, trade facilitation

The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, is set to collaborate with the Federation Account Allocation...

Customs duty exchange rate drops to ₦1,364/$

The Central Bank of Nigeria (CBN) has adjusted the import duty exchange rate lower from ₦1,405/$ to ₦1,364/$, even...

Customs release 15 trucks of seized food items to owners

The Nigeria Customs Service, Sokoto/Zamfara Area Command, has released 15 seized trucks of grains domiciled in its Command to...

Customs Apapa Command rakes in N16bn in one day

The Nigeria Customs Service (NCS) Apapa Area Command on Friday, February 23, 2024, achieved a significant milestone in revenue...

Customs temporarily suspends food disposal initiative

The Nigeria Customs Service (NCS) has announced a temporary suspension of its food distribution initiative aimed at alleviating the...