FX Guys

Q1 2024: Customs records N1.3trn revenue generation, 122.35% increase

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.

It said that the records marked an impressive 122.35% increase in revenue collection compared to the same period in 2023.

The Comptroller-General of Customs (CGC), Adewale Adeniyi, disclosed this in Abuja, at the press briefing on the 2024 first-quarter revenue report, reiterating its commitment to publishing the TRS report to foster transparency and address the current challenges hindering trade facilitation.

He noted that between January and March, about 22 suspects were detained, assuring that appropriate legal measures would be taken by the Nigeria Customs Service Act 2023.

Adeniyi highlighted the key figures from the first quarter, demonstrating the NCS’s remarkable performance in…
Read More