Just another News Updates
The Nigerian Customs Service (NCS) is on track to surpass its 2024 revenue target, having collected over ₦4.07 trillion by the end of the third quarter (Q3’24), according to data. This represents a 7.6% increase above the prorated target of ₦3.81 trillion set by the Federal Government for the period. Customs officials suggest that the […]
President Bola Tinubu is considering barring revenue-generating agencies from collecting government revenues directly, proposing the creation of a single agency, the Nigeria Revenue Service, to handle this responsibility. This move comes as part of a broader tax reform initiative aimed at improving revenue collection efficiency. These reforms will remove revenue collection duties from agencies like […]
The Nigeria Customs Service (NCS) is set to forfeit approximately ₦188.37 billion in revenue over the next six months as part of the implementation of President Bola Tinubu’s tariff-free food imports initiative. This measure aims to bolster food security in the country by easing the importation process for essential food items. The Comptroller-General of the […]