Category: Business

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…

CAC, SMEDAN unveil free registration for 250,000 small businesses

Lukman Laleye Babalola

As part of President Bola Ahmed Tinubu’s Renewed Hope Initiative, the Federal Government has launched the free registration of 250,000 Micro, Small and Medium Enterprises (MSMEs) across the country.   The landmark scheme was unveiled in Abuja with the signing of a Memorandum of Understanding (MoU) between the Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). Registrar-General/CEO of CAC, Hussaini Ishaq Magaji, SAN, said the initiative would ease the burden of registration by waiving all statutory fees for business names. He assured that…

Customs, MAN renew partnership to tackle economic challenges

Lukman Laleye Babalola

The Comptroller-General of Customs (CGC), Adewale Adeniyi, has called for stronger collaboration between the Nigeria Customs Service (NCS) and the Manufacturers Association of Nigeria (MAN) to address economic challenges and promote sustainable growth.   Adeniyi made the call on Thursday, September 18, 2025, when MAN’s Director-General, Segun Ajayi-Kadiri, paid him a courtesy visit at the Customs House in Maitama, Abuja. The Customs chief stressed the need to set a new agenda that goes beyond immediate concerns, noting that lasting partnerships can only thrive when both parties understand each other’s challenges…

Nigeria Customs confirms suspension of 4% FOB implementation following Finance ministry directive

Lukman Laleye Babalola

The Nigeria Customs Service (NCS) has acknowledged the directive of the Federal Ministry of Finance suspending the implementation of the 4% Free-on-Board (FOB) charge on imported goods. In a statement signed by the National Public Relations Officer, Assistant Comptroller of Customs, Abdullahi Maiwada, the Service noted that consultations have already commenced with the supervisory ministry to explore alternative measures during the suspension period in order to ensure seamless service delivery. “The Service appreciates the Ministry’s engagement on this matter and remains committed to supporting government fiscal policies,” the statement read.…

Oshoba breaks record as Apapa Customs collects ₦20.1bn in One Day

Lukman Laleye Babalola

The Apapa Area Command of the Nigeria Customs Service has set a new record with a revenue collection of ₦20,156,077,098.56 in a single day, barely 24 hours after Comptroller Emmanuel Oshoba assumed office as the Customs Area Controller. The collection, recorded on Tuesday, September 9, 2025, through the Unified Customs Management System (B’Odogwu), is now the highest daily revenue ever achieved by any Customs command in the country. It surpasses the previous record of ₦18 billion. Confirming the achievement, Superintendent of Customs John Tunde Ayagbalo, Public Relations Officer of Apapa…

CITM urges synergy after ICAN’s ‘proliferation’ remarks, reaffirms commitment to Treasury reforms

Lukman Laleye Babalola

The Chartered Institute of Treasury Management (CITM) has cautioned against divisive rhetoric following recent comments by the President of the Institute of Chartered Accountants of Nigeria (ICAN), Mallam Haruna Nma Yahaya, on the alleged proliferation of professional bodies in the country. In a statement signed by its Registrar/Chief Executive, Adedoyin Olumide, CITM described the remarks as undermining the authority of the National Assembly, stressing that the institute was legally established through the CITM Act of 2021 to strengthen Nigeria’s financial architecture. Olumide, while acknowledging ICAN’s 60th anniversary and its contributions…

Customs Board approves $300 De Minimis Threshold, warns officers against misconduct

Lukman Laleye Babalola

The Nigeria Customs Service Board (NCSB) has approved a De Minimis Threshold Value of $300 for low-value consignments imported through express shipments or by passenger baggage. The decision was reached at the Board’s 63rd regular meeting held on Tuesday, September 2, 2025, chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.   According to a statement issued on Sunday by the National Public Relations Officer of the Service, Assistant Comptroller of Customs Abdullahi Maiwada, the new regulation takes effect from Monday, September 8,…