News
Customs generates almost half of 2019 target in 3 months
The Nigeria Customs Service (NCS) has generated revenue of N311.2 billion for the first quarter of 2019.
The revenue was generated between January and March.
The federal government had set a revenue target of N887 billion for NCS in 2019.
However, the Comptroller-General of Customs, Hameed Ali, had promised that the figure would be surpassed as the management had earlier set a higher target for the organisation.
The document indicated that NCS got revenue of about N116.5 billion in January, N84.9 billion in February, and N109.8 billion in March.
It showed that the revenue was gotten from the 29 various commands of the service across the country.
According to the document, Apapa Customs’ command has the highest revenue generated followed by Tincan.
The revenue was generated from import duty, levy, exercise duty and other fees.
The customs generated revenue of about N1.2 trillion in 2018.
-
Business6 days agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
News5 days agoUK, Canada pledge closer cooperation on trade, defence and AI
-
Business1 week agoNigeria Business Outlook: Dangote IPO, markets, inflation and naira in focus this week
-
Business1 week agoDangote IPO rush crashes Bamboo login as investors flood platform
-
Business6 days agoTinubu’s economic reforms face public confidence test as cost-of-living crisis persists
-
Business6 days agoDangote: Petrol price gap fuels smuggling as Nigeria faces fresh pump price surge
-
Business3 days ago
Dangote Refinery IPO: Can small investors really make money from the shares?
-
Comments and Issues4 days agoWavy fuel prices and deepening cost-of-living crises in Nigeria