Category: Business

CGC Adeniyi reaffirms Customs’ drive for Trade Facilitation, Compliance

Lukman Laleye Babalola

The Nigeria Customs Service (NCS) has restated its commitment to facilitating legitimate trade through transparency, strict regulatory compliance, and technology-driven reforms, as the Comptroller-General of Customs (CGC), Adewale Adeniyi, met with officers and stakeholders in Kano. The engagement took place on Thursday, December 19, 2025, during the CGC’s official working visit to the Kano/Jigawa Area Command. Speaking at the forum, Adeniyi stressed that effective trade facilitation must be anchored on integrity, accountability, and full observance of Customs laws and procedures. Addressing officers of the Command, the CGC charged them to…

Customs begins sanctions on Banks over delayed revenue remittances

Lukman Laleye Babalola

The Nigeria Customs Service (NCS) has commenced the enforcement of penalties against Designated Banks found to be delaying the remittance of Customs revenue, following reconciliation of collections processed through the B’odogwu platform.   National Public Relations Officer, Deputy Comptroller Abdullahi Maiwada, disclosed this in a statement on Wednesday, noted that the Service had observed instances where some banks failed to remit collected revenue within agreed timelines. He described the practice as a breach of obligation that undermines the efficiency, transparency and integrity of government revenue administration.   According to the…

Customs, NMDPRA intensify joint action against fuel diversion, endorse new export point guidelines

Lukman Laleye Babalola

The Nigeria Customs Service (NCS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA have strengthened their collaboration to combat the diversion of petroleum products meant for domestic consumption and to protect Nigeria’s energy security. This renewed partnership came to the fore during a meeting between the Comptroller-General of Customs (CGC), Adewale Adeniyi, and the Executive Director, Distribution Systems, Storage and Retailing Infrastructure of the NMDPRA, Mr. Ogbugo Ukoha, held on Tuesday, 9 December 2025, at the Customs House, Maitama, Abuja.   During the engagement, CGC Adeniyi reaffirmed the…

Customs, American Business Council forge stronger partnership to improve trade climate

Lukman Laleye Babalola

The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, on Wednesday, 10 December 2025, hosted a delegation of the American Business Council (ABC) at the Customs House in Maitama, Abuja, where both sides committed to deepening structured collaboration to enhance trade facilitation and boost investor confidence. Receiving the delegation, CGC Adeniyi highlighted the Service’s deliberate reforms aimed at strengthening transparency, stakeholder consultation and continuous engagement with industry players. “No modern Customs administration can thrive without meaningful dialogue with the people who drive business across our ports and borders,” he…

NEPZA urges FG to grant 10 year Tax relief for Special Economic Zone Investors

Lukman Laleye Babalola

The Nigeria Export Processing Zones Authority (NEPZA) has called on the Federal Government to grant a 10-year exemption from newly introduced tax laws for all operators within the nation’s Special Economic Zones (SEZs). The Authority said the measure has become necessary in view of mounting concerns among local and international investors, warning that uncertainty around tax obligations could undermine efforts to attract Foreign Direct Investment (FDI) into the zones. Managing Director of NEPZA, Dr. Olufemi Ogunyemi, made the appeal during a virtual stakeholder dialogue hosted by the Federal Ministry of…

CAC, SCUML deepen collaboration to strengthen fight against money laundering, Terrorism financing

Lukman Laleye Babalola

The Corporate Affairs Commission (CAC) and the Special Control Unit Against Money Laundering (SCUML) have renewed their partnership to curb money laundering and terrorism financing in Nigeria.   Registrar-General/CEO of the CAC, Hussaini Ishaq Magaji, gave the assurance on Monday when he received the Director of SCUML, Harry Erin, during a courtesy visit to the Commission’s headquarters in Abuja. Both agencies held extensive discussions on the impact of their long-standing cooperation and explored additional avenues to reinforce the partnership in line with national and international anti–money laundering standards.   Magaji…

Tinubu declares C-PACT Summit open, says Africa must dismantle inefficient borders to unlock prosperity

Lukman Laleye Babalola

President Bola Ahmed Tinubu has urged African nations to break down inefficient borders, modernise their Customs systems and commit to a unified trade framework capable of transforming the continent’s economic fortunes. The President made the call on Monday at the opening of the maiden Customs Partnership for African Cooperation in Trade (C-PACT) Summit at the Presidential Villa, Abuja. Represented by Vice President Kashim Shettima, President Tinubu said Africa can only achieve meaningful prosperity by replacing fragmented markets with cohesive, technology-driven trade systems backed by political will and institutional reforms. He…

Ogbomoso Investment Roadshow rescheduled to March 10, 2026, set to spotlight Africa’s industrial future

Lukman Laleye Babalola

The organisers of the Ogbomoso Investment Roadshow have announced a new date for the highly anticipated Abuja edition, now scheduled to hold on March 10, 2026. In a statement issued by the Convener, Mr. Benjamin Onigbinde, Chief Executive Officer of Sigvent Industrial Cluster Limited, the event previously slated for an earlier date will now take place at the Trade and Convention Centre of the Abuja Chamber of Commerce and Industry.   The Roadshow, themed “Kick-Starting Large-Scale Investment in Industrial Clusters Development for Prosperity and Trade Growth in Africa,” will bring…

Nigeria leads push for stronger Intra-African Trade as Customs CGC Adeniyi briefs State House Press ahead of maiden C-PACT Conference

Lukman Laleye Babalola

The Comptroller-General of Customs, Bashir Adewale Adeniyi, has reaffirmed Nigeria’s commitment to driving deeper continental trade integration as the country host the maiden Customs Partnership for African Cooperation in Trade (C-PACT) Conference from 17–19 November 2025 in Abuja. Addressing State House correspondents under the “Meet the Press” platform on Friday, 14 November 2025, the Customs Chief said President Bola Ahmed Tinubu’s recent approval of an extension of his mandate came with clear performance benchmarks focused on trade facilitation, port decongestion and the modernisation of Nigeria’s cross-border processes.   Adeniyi noted…

Apapa Customs unveils electronic cargo tracking system to curb smuggling, enhance trade efficiency

Lukman Laleye Babalola

The Apapa Area Command of the Nigeria Customs Service (NCS) has launched the Electronic Cargo Tracking System (ECTS), a landmark digital innovation designed to strengthen national security, enhance revenue collection, and facilitate efficient trade across Nigeria’s seaports.   The pilot phase of the initiative was successfully carried out on November 5, 2025, using a container bound for the Kano/Jigawa Area Command. This marks the first real-time deployment of the ECTS for cargo monitoring in Nigeria.   Speaking at the launch held at the Apapa Port, the Customs Area Controller, Comptroller…