Connect with us

latest

Customs Surpasses 2025 Target, Collects ₦7.28 Trillion.

Published

on

The Nigeria Customs Service (NCS) achieved a major financial milestone in 2025, generating ₦7.281 trillion—one of its strongest performances in recent years.....KINDLY READ THE FULL STORY HERE▶

Comptroller-General of Customs, Bashir Adeniyi, revealed this on Monday in Abuja during the 2026 World Customs Day celebration, attributing the success to ongoing reforms, technology adoption, and strengthened stakeholder engagement.

The revenue exceeded the Service’s 2025 target of ₦6.584 trillion by ₦697 billion, representing more than 10% above expectations, and marked a significant improvement over 2024 collections.

“Even as we protect society and reform procedures, we must also sustain the financial health of the state. I am pleased to report that in 2025, the Nigeria Customs Service collected ₦7.281 trillion, exceeding our target of ₦6.584 trillion by ₦697 billion, a growth of over 10%,” Adeniyi said.

The Customs boss noted a year-on-year increase of about 19%, with revenue rising from ₦6.1 trillion in 2024 to ₦7.28 trillion in 2025—an additional ₦1.18 trillion.

Adeniyi emphasized that the figures are not meant as self-congratulation but as evidence that the agency’s reform agenda is yielding tangible results.

He assured importers and manufacturers that the improved performance was achieved without imposing extra burdens on legitimate trade, attributing the gains to enhanced compliance, better use of data, digital tools, and disciplined enforcement.

“The gains were not from arbitrary enforcement but from improved compliance, smarter use of data, digital tools, and disciplined enforcement,” he said.

Adeniyi further highlighted that the Service balanced revenue generation with trade facilitation, maintaining commitments to private sector collaboration and adherence to regional and global trade agreements.

Advertisement

latest

Patrick Vieira Becomes Senegal Head Coach After World Cup Exit

Published

on

The Senegalese Football Federation (FSF) has officially named France World Cup winner Patrick Vieira as the new head coach of the national team, succeeding Pape Thiaw following their exit from the 2026 World Cup.....KINDLY READ THE FULL STORY HERE▶

Born in Senegal and raised in France, Vieira takes over a squad looking to bounce back from a round-of-32 defeat to Belgium and internal turbulence under Thiaw, who was dismissed following the tournament. Described by the federation as a strategic appointment to match the country’s high ambitions, Vieira brings extensive managerial experience from clubs including Crystal Palace, Nice, and Strasbourg, alongside a legendary playing career that featured three Premier League titles with Arsenal and World Cup glory with France in 1998.

Continue Reading

latest

THE END OF AN ERA: Universal Insurance Faces Total Shutdown Following Sudden Licence Revocation By NAICOM!.

Published

on

The National Insurance Commission (NAICOM) has revoked the registration license of Universal Insurance Plc and appointed Ogbonna Chukwumerije of Pinheiro LP as receiver/provisional liquidator to oversee the company’s winding-up process.....KINDLY READ THE FULL STORY HERE▶

According to official statements, the cancellation became effective on August 14, 2026, after the insurer failed to comply with the stipulated Minimum Capital Requirement under the Nigerian Insurance Industry Reform Act 2025. Following his appointment, Chukwumerije has assumed control of the company’s management, issuing strict directives to financial institutions, debtors, and stakeholders regarding asset protection, verification of authority, and the proper handling of outstanding claims and liabilities.

Continue Reading

latest

BLOCKBUSTER EARTHQUAKE: Barcelona Pulls Off Shock £65M Transfer Coup To Sign Man City Icon Rodri!.

Published

on

Spanish giants Barcelona have secured the blockbuster signing of midfielder Rodri from Manchester City for a reported £65 million on a four-year deal.....KINDLY READ THE FULL STORY HERE▶

The 30-year-old returns to Spain after an illustrious seven-year spell in England, where he made 298 appearances and captured 12 major trophies—including four Premier League titles and the 2023 Champions League. Following an injury-hit period and a stellar World Cup campaign where he won player of the tournament for victorious Spain, Rodri opted for a switch to Camp Nou after overcoming competition from Real Madrid.

In another major transfer move, Italian powerhouse Juventus have completed the signing of Tottenham goalkeeper Guglielmo Vicario on a season-long loan with an option to buy. The 29-year-old Italy international heads to Turin to bolster the squad ahead of their upcoming Europa League campaign following a spell with Spurs that included lifting the 2025 Europa League title.

Continue Reading

Trending