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Senate Accuses CBN, NNPC Of Profligacy, Agencies Debunk Allegation

The Senate on Wednesday accused Government Owned Enterprises of worsening the current dwindling revenue situation of the country and accused them of engaging in spending spree instead of remitting the appropriate funds into the federation account. The Chairman of the Senate Committee on Finance, Senator Solomon Olamilekan Adeola, made the allegation on Wednesday at a […]

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Nigeria Customs Intercepts Pangolin Scales, Elephant Tusks Worth N22.3Bn

Comptroller General of Customs, of the Nigeria Customs Service (NCS), Col. Hameed Ali (Rtd.) on Wednesday said that the Service intercepted pangolin scales and elephant tusks worth N22.3 billion in Lagos. The Comptroller General, who made the disclosure while addressing newsmen, said the pangolin scales which weighed 17,137.44 kilogrammes; pangolin claws, 4.60 kilogrammes and the […]

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Customs Service Generates N799Bn In 5 Months

The Nigeria Customs Service has disclosed that it generated N799 billion from January to May this year, representing an increase of N226.1 billion over its total revenue collections in the corresponding period of last year. The Service’s Public Relations Officer , Joseph Attah, who made the disclosure on Monday while addressing newsmen in Abuja, said […]

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Senate Approves N1.678Trn Revenue Target For Customs Service

The Senate on Wednesday approved a total of N1.678 trillion revenue target for the Nigeria Customs Service (NCS) for the 2021 fiscal year. The Upper Chamber also, in a news report by the News Agency of Nigeria (NAN), at the plenary approved a total expenditure of N257 billion for the Service, including retained earnings for […]

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Local Automobile Assemblers Seek Reversal Of New Tariffs On Imported Vehicles

PAN Nigeria Limited and other local automobile assemblers have called on the Federal Government to urgently reconsider the tariff regime on imported vehicles into the country in order to safe local assembly plants from collapsing. The major local vehicle assembler made the appeal on Tuesday following the Federal Executive Council (FEC) approval of the new […]

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Customs Service Rues Rot Of Ports’ Scanners, Reps To Investigate

The Nigeria Customs Service (NCS)on Wednesday expressed its displeasure over the rotting of three calibre mobile scanning machines worth millions of Naira at the TinCan and Apapa Ports and urged the National Assembly to assist in ensuring that the machines are installed for use at the ports. A Comptroller of Customs, Mohammed Abba-Kura, gave this […]

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Closed Borders Will Be Re-Opened Soon – Ahmed

The Federal Government has assured Nigerians whose legitimate businesses are being adversely affected by the closed borders between Nigeria and the neighbouring countries that plans are ongoing to consider the re-opening of the borders. The Minister of Finance, Budget and Planning, Mrs. Zainab Ahmed, who gave the assurance on Monday during her briefings on the […]