Business Hilights

Tracking Nigeria's Headline Business News Online

Nigerian Customs Service (NCS)

Customs adopts WCO idea, introduces AEO in cargo clearance

Poised to sanitise cargo clearance procedure, safety and security of imported goods into the country, the Nigerian Customs Service (NCS) has given an indication that it will adopt Authorized Economic Operators (AEO) in port operations. AEO is a programme introduced…

Security fears as mainly M’East investors top in bids for airports

In what may look like a coordinated expression of interest, stakeholders in Nigeria aviation sector, including members of the National Assembly, are developing cold feet following discovery that mainly investors from Turkey, Saudi Arabia and Qatar are topping the list…

Customs CG in Lagos, hails officers of FOU Ikeja for anti-smuggling feats

The Comptroller General of Nigerian Customs Service (NCS), Col. Hameed Ali (Rtd) flew in from Abuja to Lagos on Tuesday to address officers and men of the federal Operations Unit (FOU), Zone ‘A’ Ikeja over their recent value addition to…

Disquiet at Lagos Customs commands over ban on Customs checkpoints by CG

Barely 24 hours after the announcement by the Nigerian Customs Service (NCS) Comptroller-General, Hameed Ali on Tuesday ordering the immediate dismantling of checkpoints, checks in commands around Lagos show sad moods and fears of meeting revenue targets. Most of the…

Customs rakes all time high revenue, hits N486b in first half of 2017

The Nigerian Customs Service (NCS) has said it reached an all-time high record in revenue generation, for the first half of the year 2017, raking in a record N486 billion. According to the Public Relations Officer of the Service, Mr….

Senate hails CBN for new scanners, warns Customs against abuse, damage

Indications have emerged that delays and logistic challenges frustrating examinations and revenue leakages at the ports due to failed scanners are now over. This stemmed from the acquisition of Hi-Definition scanners and platform to check foreign exchange leakages and other…

Banks’ refute Customs claims on e-auction sabotage as 17 more join process

…Scheme crawls to N25m sales in 2 weeks from 40 cars, 2,489 bids Contrary to the claims by the Comptroller General of Customs, Col. Hameed Ali (retd), that the non-participation of all commercial banks except Jaiz Bank was a sabotage…

Senate says N1.45tn worth of goods smuggled from Cotonou into Nigeria yearly

A serious indictment has been hammered on the Nigerian Customs Service (NCS) by the Senate President Bukola Saraki as he decried that unabated smuggling of goods from Cotonou, Benin Republic into Nigeria has risen to over N1.4tn Relying on World…

Customs checkpoint
ICT

First victim of internet fraud emerges on Customs e-auction portal, payment system

An indication has emerged that contrary to the claims by the Comptroller general of Nigerian Customs Service (NCS), Hameed Ali that the ongoing e-auction of seizures cannot be tampered by fraudsters; the first victim has emerged from the Idi -Iroko…

NASS under pressure to cancel ongoing e-Auction of seizures by Customs

Indications have emerged from the National Assembly (NASS) that any moment from now, the lawmakers may be compelled by barrage of complains to halts the ongoing e-auctioning of seized goods and mainly vehicles by the Nigerian Customs Service (NCS). A…