Economy
GTBank resumes international transactions on Naira Mastercards
Guaranty Trust Bank (GTBank) has officially restored international payment functionality on its naira-denominated Mastercards, allowing customers to make foreign transactions…
US Customs collections soar past $100 billion amid ongoing tariff adjustments
US customs duty revenue has exceeded $100 billion for the first time in a fiscal year, driven by higher tariffs…
Customs implements zero duty rate on essential food items
The policy will be in place from July 15, 2024, until December 31, 2024
Senate passes ₦70,000 minimum wage bill
The Nigerian Senate, on Tuesday passed the new minimum wage bill from ₦30,000 to ₦70,000 barely a few hours after…
Reps laud Customs on increased revenue, arms seizure
The House of Representatives Committee on Customs and Excise has commended the Nigeria Customs Service (NCS) for generating more revenue…
Customs partners with FAAC to enhance revenue generation, trade facilitation
The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, is set to collaborate with the Federation Account Allocation Committee…
Customs duty exchange rate drops to ₦1,364/$
The new rate is effective as of today March 28, 2024 on the Customs portal.
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