Nigeria will slash import duties on food, vehicles and industrial inputs from July 1, the Presidency said on Tuesday, as Africa’s most populous country seeks to rein in inflation and ease rising living costs. The cuts include sharp tariff reductions on rice, sugar, palm oil, passenger vehicles and construction materials, with full exemptions for electric…
The Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone ‘A:, Ikeja, has said the memorandum of understanding (MoU) it signed with the National Agency for Food and Drug Administration and Control (NAFDAC) is working as demonstrated by the hand over of expired drugs to NAFDAC. The Controller of the Unit, Mohammed Shuaibu disclosed this…
The Nigeria Customs Service (NCS) has started consultations with the Nigerian Shippers’ Council (NSC) to address operational hitches arising from the rollout of the trade automation platform, the Unified Customs Management System, popularly known as B’Odogwu. This consultation is a response to freight forwarders and Licensed Customs Agents concerns over delays, demurrage, and disruptions linked…
‘An Assistant Comptroller of the Nigeria Customs Service (NCS), Clement Amaweh, has stressed the importance of promoting Cross Border Trade (CBT) to enhance Nigeria’s economic growth Amaweh, the officer-in-charge of Ohumbe Outstation, Yewa North, made the statement while delivering a lecture during the Festival of Art for Economic Development in Idiroko, Ogun. The programme had:…
Stakeholders in the nation’s economy have advised the Nigerian Customs Service (NCS) not implement four per cent Freight on Customs System (FCS) fee it announced on February 5 this year. Rather, they urged the NCS to engage in wider consultation. Yesterday, the Lagos Chamber of Commerce and Industry (LCCI) called on the NCS to suspend…
The Nigeria Customs Service (NCS), Apapa Area Command has generated N2.01trllion as at November 19 this year despite the decline in the volume of trade, Customs Area Controller (CAC) Babatunde Olomu told officers and men on a parade. He added that the command aims at achieving its N2.2trillion target for this year by the end…
