Maritime
To alleviate the current challenges in the nation, the Center for the Promotion of Private Enterprise has urged the CBN to set a new rate of customs duty.
The Nigeria Customs Service has been urged by the CBN to use the closing foreign exchange rate within the designated timeframe when calculating import duties.
The Central Bank of Nigeria has raised the customs import duty exchange rate to N400 per dollar amid the naira's record low against the US dollar.
According to the NPA, it bills operators in US dollars since the dollar is a commonly recognized form of payment and shipping is an international industry
Maritime workers have threatened to close the nation's seaports over the planned 50% reduction in the internally generated revenues from the Nigerian Ports Authority
For the third time this year, the Central Bank of Nigeria (CBN) has raised the currency rate used to determine customs charges at the country's seaports.
The Nigeria Customs Service has revamped its e-auction website and provided ways Nigerians can participate in the purchase of abandoned, seized items at the ports.
The Nigeria Customs Service has relaunched the revamped e-portal for electronic auctioning of seized and abandoned cars, rice, and other items at Nigerian ports.
The Nigeria Customs Service has set an ambitious revenue target of N1.13 trillion for the Tin-Can Island Port Command alone, saying it is 27% of the national budget.
Maritime
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