Weak naira drives Customs' revenue to 5-year high

Weak naira drives Customs’ revenue to 5-year high

Stronger oil, inflows may lift Naira to 1,200/$ in H1 – Comercio Partners

The Nigeria Customs Service (NCS)'s revenue has grown by 225 percent in five years, driven by naira depreciation and the high FX rate for clearing goods at the port. So far, Customs has recorded an all-time high revenue of N5.0795 trillion, surpassing its 2024 target of N5.079 trillion, despite l

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