Customs approves new trade rule, demotes officers for misconduct The Nigeria Customs Service Board (NCSB), at its 63rd regular meeting held on Tuesday, 2nd September 2025, chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has approved a De Minimis Threshold Value for low-value consignment imported through express shipments or by passenger baggage. This decision, which takes effect on Monday, 8th September 2025, aligns with the best global practices that aim to simplify clearance processes for low-value consignments, enhance trade facilitation, and provide...