• Customs lose N17bn revenue at ports and borders

    Customs lose N17bn revenue at ports and borders

    Nigeria Customs Service (NCS)’s revenue generation has dropped, as volume of imports continue to fall at the nation’s seaports and borders.

    Statistics released by the Apapa and Tin Can Island port commands and other commands since the implementation of the Central Bank of Nigeria (CBN) policy on foreign exchange, auto policy and the recent ban on importation of rice, were said to be responsible for the drop in revenue in the first quarter.

    The Apapa and Tin Can Island commands got N32 […]