The import revenue generation at the Tin-Can Island Command of the Nigeria Customs Service (NCS) rose by 23 per cent to N112.7 billion in the first quarter of 2021. The increase of N21.05bn was higher than the N91bn earned in the same quarter of 2020. A statement issued by the …
Read More »LCCI Seeks Resolution Framework Between Customs, Business Community
The Lagos Chamber of Commerce and Industry (LCCI) on Sunday urged the Federal Government to create an independent dispute resolution framework to manage conflicts between the Nigeria Customs Service (NCS) and the business community. The Director-General of LCCI, Dr Muda Yusuf in a statement made available to newsmen in Lagos, …
Read More »FG Generates N424bn VAT in Third Quarter 2020
Nigeria recorded Value Added Tax (VAT) of N424.71 billion for third quarter of 2020, the National Bureau of Statistics (NBS) has reported. The NBS made this known in its latest report titled “Sectoral Distribution of Value Added Tax Data for Q3 2020” which was released on Monday. According to the …
Read More »Chinese fake Products: importers deserve death penalty – MAN
Recently, the Nigeria Customs Service (NCS) intercepted a container with imported soups (stew) and some other eatable items worth N27, 960,000 from China. The container, which was cleared from one of the ports in Lagos, was intercepted by the Customs CGC Strike Force team as a result of information provided …
Read More »