Business News

Customs Records N1.3trn Earnings in Q1 2024

Nigeria customs wale adeniyi

By Adedapo Adesanya The Nigeria Customs Service (NCS) has said it generated about N1.3 trillion in the first quarter of 2024, 112 per cent more than the N606.1 billion recorded in the first three months of 2023. This was announced by the Comptroller General of Customs, Mr Adewale Adeniyi, during a press briefing on Wednesday. He said that the service encountered a major challenge in the fluctuations of the exchange rate regime which he said has disrupted its activities, explaining that over 572 seizures were made with a duty paid value of N10 billion. He said, “In the first quarter