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The Nigeria Customs Service (NCS) has announced an increase in its revenue, generating one point three point four seven trillion naira in the first quarter of 2024. This indicates a one hundred and twenty two point three five percent increase compared to the six hundred and six point one billion recorded within the same period in 2023....CONTINUE READING

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Bashir Adeniyi, Comptroller General of the NCS, disclosed this while briefing to newsmen on Wednesday in Abuja.

While noting the increase in revenue, he explained that in January alone the revenue surged by 95.6% compared to January 2023, attributing the revenue performance to the introduction of reforms such as the e-auction which yielded a total of one point six billion naira for the period of February and March 2024.

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He, however, regretted that the fluctuations in the exchange rate, and non-compliance to regulations were among the challenges that significantly affected the activities of the service.