Category: Business

CG Adeniyi strengthens Nigeria Customs–AfCFTA partnership, secures endorsement for C-PACT Initiative

Lukman Laleye Babalola

The Comptroller-General of Customs, Bashir Adewale Adeniyi, has reaffirmed the Nigeria Customs Service’s (NCS) commitment to deepening collaboration with the African Continental Free Trade Area (AfCFTA) Secretariat to promote efficient trade integration, improve data accuracy, and dismantle barriers hindering intra-African trade. Adeniyi made the remarks on Monday, November 3, 2025, during a courtesy visit to the AfCFTA Secretariat in Accra, Ghana, where he met with senior officials to strengthen strategic cooperation ahead of the forthcoming Customs Partnership for African Cooperation in Trade (C-PACT) conference scheduled for November 17–19, 2025, in…

Apapa Customs sets all-time record, generates ₦304bn in October …. Comptroller Oshoba hails Officers, Stakeholders

Lukman Laleye Babalola

The Apapa Command of the Nigeria Customs Service (NCS) has shattered its previous revenue record by collecting ₦304 billion in October 2025 the highest monthly revenue ever generated by any customs command in the history of the Service. Confirming the record performance in a statement on Monday, the Command’s Public Relations Officer, Superintendent of Customs JT Ayagbalo, said the October 2025 figure surpassed the ₦264 billion recorded in the same month last year, bringing the command’s total collection for the first ten months of 2025 to ₦2.4 trillion (₦2,402,141,493,747.06). With…

Customs, Netherlands deepen ties on Trade efficiency, Border management

Lukman Laleye Babalola

In a major diplomatic stride, the Nigeria Customs Service (NCS) and the Netherlands Customs Administration have deepened bilateral cooperation on trade facilitation, compliance management, and border efficiency. The development followed a two-day working visit by the Comptroller-General of Customs CGC Adewale Adeniyi, and his delegation to the Netherlands between October 29 and 31, 2025. The visit featured a series of technical engagements, institutional briefings, and strategic meetings with Dutch authorities and Customs experts. At the Dutch Customs Headquarters in Rotterdam, the delegation was received by senior officials and briefed by…

Oduwole endorses Sigvent Industrial Cluster, says project will unlock Ogbomoso’s economic potential

Lukman Laleye Babalola

The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has endorsed the Sigvent Industrial Cluster Limited as a transformative project capable of unlocking the vast economic potential of Ogbomosoland, while driving industrialisation, innovation, job creation, and enterprise development. Dr. Oduwole made the remarks at the Ogbomoso Economic Summit and Exhibition held in Ogbomoso, Oyo State, where she commended the promoters of the Sigvent Industrial Cluster for their vision and commitment to inclusive economic growth. According to the Minister, the initiative aligned with the Federal Government’s industrialisation strategy, which prioritized…

Over ₦673million Diaspora Investment deals recorded in 2024 — Dabiri-Erewa ….. Says NDIS 2025 hold Nov.,11th-13th in Abuja

Lukman Laleye Babalola

The Chairman/CEO of the Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa, has urged Nigerians in the diaspora and at home to take advantage of growing investment opportunities through the Nigeria Diaspora Investment Summit (NDIS), as the 2024 edition recorded over ₦673 million worth of investment deals.   Dabiri-Erewa made the call at a joint world press conference ahead of the 2025 Nigeria Diaspora Investment Summit, scheduled to hold from November 11 to 13, 2025, in Abuja, with the theme: “Fast Tracking Regional and National Development by Mobilising Diaspora Investment.”…

Nigeria Customs leads stakeholders’ engagement on emerging threats in Cross-Border trade

Lukman Laleye Babalola

In a continued demonstration of its commitment to safeguarding Nigeria’s economy and national security, the Nigeria Customs Service (NCS) on Tuesday, 30 September 2025, led a sensitisation lecture on emerging threats in cross-border trade, with a sharp focus on trade-based financial crimes. Held at the Sterling Academy Hub, Sterling Bank Plaza, Abuja, the capacity-building engagement brought together stakeholders from financial institutions, compliance bodies, and regulatory agencies. The session addressed growing threats such as Trade-Based Money Laundering (TBML), Trade-Based Terrorism Financing (TBTF), and Trade-Based Proliferation Financing (TBPF). Themed “Emerging Threats or…

Customs, NCC strengthen partnership to enhance revenue generation, national security

Lukman Laleye Babalola

The Nigerian Customs Service and the Nigerian Communications Commission (NCC) have formalized a strategic partnership aimed at bolstering revenue generation, national security, and consumer protection. This collaborative effort seeks to improve the monitoring and regulation of imported communication devices, thereby ensuring compliance with established standards and regulations. This was disclosed by the agencies during a courtesy visit by the Executive Vice Chairman and Chief Executive Officer of the NCC, Aminu Maida, at the Customs House in Abuja.   The Comptroller-General of Customs, Adewale Adeniyi, emphasized the importance of synergy between…

Customs, MAN seal new partnership to drive industrial growth

Lukman Laleye Babalola

The Nigeria Customs Service (NCS) and the Manufacturers Association of Nigeria (MAN) have entered into a strategic partnership aimed at boosting industrial growth, facilitating trade, and enhancing Nigeria’s economic competitiveness.   The agreement followed a high-level consultation in Lagos on Friday, 26 September 2025, where both parties signed a joint communiqué after over six hours of deliberations. The document was endorsed by Comptroller-General of Customs, Adewale Adeniyi, and MAN President, Francis Meshioye.   CGC Adeniyi reaffirmed Customs’ commitment to balancing revenue generation with reforms that promote industrialisation and job creation.…

Nigeria Customs unveils One-Stop-Shop to cut cargo clearance time to 48 hours

Lukman Laleye Babalola

The Nigeria Customs Service (NCS) has introduced a One-Stop-Shop (OSS) Initiative aimed at reducing cargo clearance time from 21 days to 48 hours, in line with global best practices and the Federal Government’s Ease of Doing Business policy. The reform was unveiled on Thursday, 23rd September 2025, during a meeting of NCS Management and Customs Area Controllers in Abuja, chaired by the Comptroller-General of Customs (CGC), Adewale Adeniyi.   Describing the OSS as a “transformative shift,” Adeniyi said the initiative would sanitise operations, minimise duplication of efforts, and restore transparency…

Airline Operators hail Customs for reforms, strengthened collaboration

Lukman Laleye Babalola

The Airline Operators of Nigeria (AON) has applauded the Nigeria Customs Service (NCS) for introducing business-friendly reforms that have eased operations in the aviation sector.   A delegation from the AON Board of Trustees, led by its President, Abdulmunaf Sarina, paid a courtesy visit to the Comptroller-General of Customs (CGC), Adewale Adeniyi, in Abuja on Monday, September 22, 2025. Welcoming the delegation, Adeniyi described AON as a key player in the nation’s economy, noting that the association’s contributions go beyond financial investment to include expertise and innovation. He explained that…