• Tuesday, May 21, 2024
businessday logo

BusinessDay

Tin-Can Island Customs Command nets N69.1bn revenue in third quarter

businessday-icon

The Tin-Can Command of the Nigeria Customs Service (NCS) generated N69.1 billion revenue in the third quarter of this year, controller in charge of the command, Comptroller Zakari Jibrin, said on Friday in Lagos.

He said that the 2014 third quarter revenue was higher than the corresponding period last year, when N67.4 billion was generated.

Jibrin said that the NCS realised N23.4 billion in July; N21.1 billion in August and N24.5 billion in September.

The details, made available to NAN, showed that revenue collected under the Federation Account for the quarter was N42.912 billion while Non-Federation Account amounted to N12.20 billion.

The federation account is made up of import and excise duties and other fees.

The other levies, including the Comprehensive Import Supervision Scheme among others are captured under the non-federation account.

(NAN)