Nigeria Loses Over $373b In Covid-19 Lockdown-Study

LAGOS SEPTEMBER 25TH (NEWSRANGERS)-A study on the impact of COVID-19 lockdown on the Nigerian Economy by the Copenhagen Consensus Centre in conjunction with the National Institute for Legislative and Democratic Studies (NILDS) shows that the policy costs the country over $373.5 billion. The study revealed that moderate social distancing and school closures policies by Nigeria,…

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Nigeria Govt Loses Billions To False Declaration At Ports

LAGOS APRIL 2ND(NEWSRANGERS)-Despite the establishment of Pre-Arrival Assessment Report (PAAR) and Automated System for Customs Data plus, plus (ASYCUDA++) designed to facilitate trade and block revenue loss at the ports and borders, one of the biggest challenges facing Nigeria Customs Service (NCS) is lack of compliance by some importers and agents, investigation has revealed. Non-compliance,…

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