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Tag: Customs

Business

Nigeria, Malaysia recorded $1.21bn trade in five years – Customs

Nigeria and Malaysia recorded about $1.21bn in bilateral trade over five years, according to the Nigeria Customs Service. Figures released by the agency show imports from Malaysia rose from approximately $106.6m in 2020 to around $477.3m in 2024, highlighting sustained growth in commercial exchanges. Total trade between the two countries during the five-year period amounted […]

Business

Customs deploy AI to boost revenue, curb audit gaps

The Nigeria Customs Service on Monday unveiled plans to deploy artificial intelligence to boost revenue generation, enhance remittances, and curb audit queries. The move comes as the agency intensifies engagement with lawmakers and fiscal authorities, redefining its long-standing oversight relationship with the National Assembly. Speaking at the opening of a three-day training on AI-driven revenue […]

Business

Customs to end physical cargo inspections in 2026 – Adeniyi

The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, announced on Tuesday that by December 2026, physical inspections of cargo will be fully phased out, with the Service shifting entirely to scanning technologies and data analytics. Adeniyi noted that this move is part of a broader effort to modernise cargo clearance, leveraging technology to ease […]

Maritime

National Single Window to boost Nigeria’s trade ecosystem – Gbajabiamila

Nigeria is set to launch its long-awaited National Single Window platform on March 27—a development Femi Gbajabiamila, Chief of Staff to the President, has hailed as a “monumental” advancement for the nation’s trade landscape. Gbajabiamila made this disclosure during a stakeholder gathering at the State House in Abuja, which brought together ministers, agency heads, and […]

Aviation

Court hands over aircraft to FG over unpaid Customs duties

The Federal High Court sitting in Abuja has ordered the final seizure, condemnation and forfeiture of a Bombardier BD-700 Global 6000 aircraft with registration mark 9H-GVG and manufacturer’s serial number 9470, operated by Orlean Invest Africa Limited, to the Federal Government of Nigeria. The court delivered the judgement on January 22 in suit number FHC/ABJ/CS/1085/2025 […]

Maritime

Customs unveil new rules for DDP courier companies

The Nigeria Customs Service has announced the introduction of a new Standard Operating Procedure to regulate courier companies operating under the Delivered Duty Paid Incoterm. In a statement issued on Monday, the Service’s National Public Relations Officer, Deputy Comptroller Abdullahi Maiwada, said the new procedure establishes a unified framework covering registration, manifest submission, declaration, valuation, […]

Customs, FAAN ranked worst-performing agencies in May 2024
Business

Customs intercepts diverted containers valued at N769.5m

The Nigeria Customs Service has intercepted 20 diverted transit containers valued at N769.5 million in duty-paid terms along the Kano/Jigawa Area Command Axis. In a Sunday statement, the Service’s National Public Relations Officer, Abdullahi Maiwada, said the seizures resulted from an intelligence-led enforcement operation designed to curb cargo diversion and protect government revenue. The development […]

Business

Customs, NMDPRA strengthen ties to curb fuel diversion

The Nigeria Customs Service and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have strengthened their collaboration to prevent the diversion of petroleum products intended for domestic use, as the country steps up measures to safeguard energy security while boosting fuel exports. This renewed commitment was highlighted in a meeting between Comptroller-General of Customs Adewale […]

Custom to free detained vehicles, amid FX crisis
Business

Customs exempt raw materials, machinery from 4% levy

The Nigeria Customs Service has granted relief to manufacturers and key sectors of the economy by exempting raw materials, spare parts, and select machinery from the four per cent Free on Board levy. This was disclosed in a communiqué jointly signed on Friday by the Comptroller-General of Customs, Adewale Adeniyi, and the President of the […]

Custom to free detained vehicles, amid FX crisis
Business

Customs launches automated e-clearance system to decongest ports

The Nigeria Customs Service has introduced an automated overtime e-clearance system to ease congestion at the nation’s ports and boost trade facilitation. Announcing the initiative on its official X handle on Wednesday, the Service said the digital platform will streamline the clearance of long-standing overtime cargo, minimize delays, reduce manual intervention, and curb corruption. “As […]

News

Customs intercept $578,000 undeclared cash, hand over suspect to EFCC

The Nigeria Customs Service, Murtala Muhammed International Airport Command, has announced the interception of $578,000 in undeclared cash from an inbound passenger arriving from South Africa. The Customs Area Controller of the Murtala Muhammed International Airport Command, John Harrison, disclosed the interception while addressing journalists at the command on Friday. Harrison, revealed that the suspect, […]

News

Badagry-Seme corridor responsible for 35% of smuggled fuel – Customs

The Nigeria Customs Service has reported that the Badagry-Seme corridor accounted for 35 per cent of smuggled Premium Motor Spirit in the past two weeks. Comptroller-General Adewale Adeniyi disclosed this on Monday while displaying seized petrol volumes at the Customs Training College in Ikeja. He said that a comprehensive analysis of seizure patterns along the […]

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