The Nigeria Customs Service (NCS) has commenced talks with the Federal Ministry of Finance with a view to initiating an executive bill for consideration by the National Assembly for the establishment of a proposed dedicated Pension Scheme for officers and men of the service. The Comptroller-General of the Service, Adewale Adeniyi, who gave this hint […]
The Nigeria Customs Service’s (NCS’) Seme Command has reported a N3.1 billion revenue from January–October 31, 2023, thereby surpassing its revenue target by N1.966 billion or 55.1% for the 2023 fiscal year. The command also facilitated the export of a total of 41, 867.88 metric tonnes of non-oil export products within the period, which comprise […]
The Nigeria Customs Service (NCS) has reported the seizure of 13 trailer loads of foreign parboiled rice and 17 vehicles, among other notable items, worth N1,241,777,700 in October this year. The Service, in a statement published on its official X (formerly Twitter) account on Wednesday, quoted the Acting Comptroller of the Federal Operations Unit Zone […]
…..says NNPCL remits no money to Federation Account ……..NNPCL’s Mgt debunks allegation The Revenue Mobilisation Allocation And Fiscal Commission (RMAFC) has disclosed that the total sum of N5,244,037,636,561.60 accrued into the Federation Account in the first half of this year based on figures from the monthly reports of the Federation Account Allocation Committee (FAAC) […]
……Develops Revenue Computation, Allocation Software The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) at the weekend said it recovered N319 billion unremitted revenues from Ministries, Departments, and Agencies (MDAs) over the last two years. The Chairman of the commission, Mohammed Shehu, who gave this hint during a media chat in a media on Saturday, explained […]
The Managing Director of the Nigerian Ports Authority (NPA), Muhammad Bello-Koko, has solicited the support of the Acting Comptroller-General of Nigerian Customs Service (NCS), Adewale Adeniyi, to decongest the Lagos ports and enhance trade facilitation in the nation’s seaports. He also canvassed the NCS’ collaboration in its current efforts to upgrade the facilities at the […]
The Nigeria Customs Service, NCS, at Tin-can Island, Lagos, has impounded two containers from India with tramadol and codeine concealment with Duty Paid Value, DPV worth over N550.3 million. The Command also disclosed that two suspected were arrested in connection with the seizure, with the importer offering over $54,330 (N50 million) to be set free […]
The Nigeria Customs Service (NCS) has established a Standard Operating Procedure (SOP) for the implementation of Advance Ruling. Advance Ruling is a concept wherein the Customs Administration provides a written decision upon request from the importer concerning valuation, tariff classification, or origin of goods before they are imported. A statement by Chief Superintendent of Customs […]
The Nigeria Customs Service (NCS) has disclosed that it is currently developing special intelligence with the support of the World Customs Organisation (WCO) to increase the deployment of more hi-tech into its operations nationwide. The acting Comptroller General of Customs (CGC), Mr. Adewale Adeniyi, who made this disclosure at a media briefing at the Federal […]
The Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Mr. Taiwo Oyedele, on Wednesday hinted that the Federal Government was making efforts to ensure that all federal taxes collected by the Federal Inland Revenue Service (FIRS) in furtherance of its current drives to improve the efficiency of tax administration in the country. […]