The Nigerian Customs Service (NCS), on Wednesday, reported a significant surge in revenue generation for the first quarter of 2024, saying it has generated a total of N1.34 trillion between January and March.
The Nigerian Customs Service , on Wednesday, reported a significant surge in revenue generation for the first quarter of 2024, saying it has generated a total of N1.34 trillion between January and March. It said that the records marked an impressive 122.35% increase in revenue collection compared to the same period in 2023.
Adeniyi highlighted the key figures from the first quarter, demonstrating the NCS’s remarkable performance in revenue collection. “In the first quarter of 2024, the NCS recorded a total of 572 seizures, encompassing various items valued at NGN 10,593,099,654.50 in Duty Paid Value . Notably, January saw 111 seizures amounting to NGN 842,992,751.50 in DPV, while February marked the highest seizure numbers of 432, totalling NGN 3,704,703,350.34.
“A myriad of deliberate factors have contributed to the successes around NCS key performance indicators. It is important to acknowledge the dedication and efforts of the officers and men of NCS who have worked tirelessly and around the clock to ensure consistent and upward momentum.” Speaking on the government’s decision to reopen the Northern Borders with the Niger Republic that holds significant importance, he said, “The action is expected to boost trading activities in those areas. With potential smugglers now reconsidering the legitimacy of trading through approved routes, this decision stands as a pivotal move.
The Nigerian Customs Service , on Wednesday, reported a significant surge in revenue generation for the first quarter of 2024, saying it has generated a total of N1.34 trillion between January and March. It said that the records marked an impressive 122.35% increase in revenue collection compared to the same period in 2023. The Comptroller-General…
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria Customs Service generates N1.3trn in first quarter 2024 says C-GThe Nation Newspaper Nigeria Customs Service generates N1.3trn in first quarter 2024 says C-G
Read more »
We generated N1.3trn revenue in first quarter of 2024The Nigeria Customs Service, NCS, says it generated more than N1.3 trillion revenue in the first quarter of 2024. The Comptroller General of NCS, Adewale Adeniyi, disclosed this while briefing newsmen on its activities in the first quarter of 2024, on Wednesday in Abuja.
Read more »
Customs collect N1.3tr in Q1 2024, says AdeniyiThe Nation Newspaper Customs collect N1.3tr in Q1 2024, says Adeniyi
Read more »
Nigeria Customs Service Generates 1.3 Trillion Naira in Q1 2024The Nigeria Customs Service has generated 1.3 trillion naira in revenue during the first quarter of 2024, with over 572 seizures made. This represents a substantial increase compared to the same period last year. The Customs Service also generated 1.6 billion naira through its electronic auction platform.
Read more »
IWD 2024: Kano gov appoints five female judges, council chair, empowers 1,000 women farmersKano State governor, Abba Kabir Yusuf, has inaugurated five additional female judges into the State High Court, fulfilling his campaign promises on social inclusion and women empowerment as outlined in his blueprint.
Read more »
2024 BRITs Awards: Rema thrills audience with pulsatingNigerian pop superstar, Divine Ikubor, well known as Rema, gave what would be described as a pulsating performance at the just concluded 44th BRITs Awards ceremony, which held at the O2 Arena in London.
Read more »