Snake Island Port has reaffirmed its commitment to supporting Nigeria’s trade expansion and industrialisation agenda, highlighting its role in enhancing port infrastructure, attracting investment, and driving economic development. The declaration …
NIGERIA CUSTOMS SERVICE
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EconomyInfrastructureINVESTMENTNigeriaTrade and CommerceTransportation & Logisitics
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BusinessBusiness InsightsEconomyManufacturingNigeriaPolicies
Manufacturers Warn Against Return of 4% FOB Levy, Say Policy Threatens Nigeria’s Industrial Future
The Manufacturers Association of Nigeria (MAN) has raised the alarm over a proposed reintroduction of the suspended 4% Free-on-Board (FOB) levy by the Nigeria Customs Service (NCS), warning that the …
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AgricultureBusiness InsightsEconomyGOVERNMENTNigeriaPolicies
FG Waives N97bn Food Import Duties, But Nigerians Say Prices Still High
The Federal Government has waived a total of N97 billion in import duties for essential food items like maize, rice, and sorghum between 2024 and the first quarter of 2025. …
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CrimeEconomyNigeriaSecurityWestern Africa
Customs Intercepts $193,000 Concealed in Yogurt Carton at Abuja Airport
The Nigeria Customs Service (NCS), Federal Capital Territory (FCT) Command, has intercepted $193,000 in undeclared foreign currency concealed within a yogurt carton at the Nnamdi Azikiwe International Airport, Abuja. This …
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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Customs revenue up by 29% at N1.3trn in six months
The Nigeria Customs Service (NCS) says it generated N1.293 trillion between January and June 2022 as revenue for the federation. This represents a 28.83 percent increase from the N1 trillion generated within …