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Nigeria Customs Generated N126.9bn Revenue in January

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Nigeria Customs Service
  • Nigeria Customs Generated N126.9bn Revenue in January

The Nigeria Customs Service (NCS) kick-started the year with an impressive figure, according to a new report from the service.

The NCS generated an impressive N126,950,688,168.57 in January, N9,158,230,945.39 more than the N117,792,457 realised in the same period of 2019.

Breaking down the report, the service generated N63,640,538,493.70 from import duty while N12,816,743,134.58 and N693,833,108,311.00 were generated from excise duty and fees, respectively.

The services realised N10,833,208,311.09 from the federal account levies and another N16,888,452,679.54 from non-federation accounts levies.

Also, the report showed that the Non-Customs Service Value Added Tax was N22,078,543,230.50.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.