BossuTv Logo
trending_flat
Customs Sets Record With ₦20.1bn Revenue At Apapa Port

The Apapa Port Command of the Nigeria Customs Service (NCS) has set a new record, generating ₦20.1 billion in a single day just 24 hours after Comptroller Emmanuel Oshoba assumed office as the new Customs Area Controller. The revenue, collected on Tuesday, September 9, 2025, surpassed the previous record of ₦18 billion, making it the highest daily revenue collection by any Command in NCS history under the Unified Customs Management System (B’Odogwu). Oshoba, who replaced ACG Babatunde Olomu, said the achievement reflects his administration’s resolve to build on past successes and surpass revenue targets. Speaking after a meeting with senior officers, Oshoba commended their dedication but urged them to raise their productivity. “This ₦20.1 billion is only the beginning. It is not yet time to celebrate. Greater achievements are ahead as we aim to surpass targets, curb smuggling, and enhance […]

trending_flat
Nigeria Customs Introduces 4% FOB Levy, Scraps 7% & 1% Port Charges

Customs Overhaul: 4% FOB Levy Replaces 7% + 1% Fees The Nigeria Customs Service (NCS) has announced a major reform:✔ Scrapped: 7% federation collection fee + 1% CISS charge✔ New Levy: 4% Free On Board (FOB) fee (based on goods’ value at loading port)✔ Goal: Fund B’Odogwu—a homegrown digital clearance system replacing NICIS II 💡 Why the Change? 🔹 Efficiency: Faster, tech-driven clearance via Unified Customs Management System (UCMS)🔹 Transparency: Reduce bottlenecks & corruption in ports🔹 Global Standards: Align with World Customs Organization (WCO) practices 🗣️ Comptroller-General Adewale Adeniyi Explains “The 4% levy isn’t arbitrary—it’s vital to modernize Customs. ‘Sweet soup needs money.’”“B’Odogwu will showcase Nigeria’s tech capacity to the world, especially as we chair the WCO.” 📌 Key Takeaways for Importers ✅ No double charges: 4% FOB replaces old fees (no extra 1% CISS or 7% levy)✅ Digital shift: B’Odogwu aims for paperless, faster clearance✅ Stakeholder appeal: Customs seeks cooperation during transition 🌍 Bigger Picture WCO Leadership: Nigeria’s 2023 Customs Act supports the levy […]

Login to enjoy full advantages

Please login or subscribe to continue.

Go Premium!

Enjoy the full advantage of the premium access.

Stop following

Unfollow Cancel

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation