Category : Search result: customs revenue


Lawmakers Must Revisit Beverage Excise Bill, Experts Warn

Analysis reveals the proposed Customs, Excise and Tariff Amendment Bill lacks Nigeria-specific evidence, risks 1.5 million jobs, and contradicts fiscal stability goals. Lawmakers urged to pause for broader consultation.

Nigeria's Debt, Salaries Exceed Revenue in 2025

Nigeria's Federal Government spent more on debt servicing and salaries than it earned in 2025's first seven months, with a N10.19tn revenue shortfall. Oil earnings slumped over 60%. Read the full analysis.

Edun Contradicts Tinubu on 2025 Revenue Figures

Finance Minister Wale Edun reveals a N30 trillion revenue shortfall, contradicting President Tinubu's claim of meeting the 2025 target. Details on the budget deficit and borrowing plans inside.

Pfizer Shares Fall on Weak 2026 Profit Outlook

Pfizer shares tumbled after the drugmaker projected flat revenues and lower profits for 2026, citing declining Covid-19 sales and heavy investment in new products like weight-loss drugs.

Ex-Customs Officer Kidnapped, One Killed in Osun

Panic in Ora community as gunmen abduct retired Customs officer Emmanuel Owolabi, killing a local chief. Police confirm incident and intensify bush combing operations. #OsunSecurity #Kidnapping

Federation Account Hits N23trn in 10 Months

Revenue inflows into Nigeria's Federation Account surged to N23.06 trillion in the first ten months of 2025, driven by fiscal reforms and digital tracking. Learn about the growth and the new tax law.

FAAC Revenue Falls by N428bn, N1.93trn Shared

FAAC reports a sharp N427.969bn drop in November revenue, sharing N1.93 trillion among FG, states, and LGs. Key taxes see substantial declines. Read the full breakdown.

N66.42tr Hits Federation Account in 3 Years

Nigeria's Federation Account gross inflows hit N66.42 trillion from 2023 to Oct 2025, driven by fiscal reforms. RMAFC Chairman cites economic progress despite citizens' concerns. Read full analysis.

NCS Intercepts Cocaine on Brazilian Ship at Apapa

Nigeria Customs Service intercepts 25.5kg of cocaine hidden on MV San Anthonio at Apapa Port. The vessel, which sailed from Brazil, has been detained. Read the full details of the major drug bust.

NCS Seizes N181.6m Petroleum Products in Adamawa

Nigeria Customs Service intercepts smuggled fuel worth N181.6 million near Cameroon border in eight weeks. ACG Kolapo Oladeji warns smugglers face life imprisonment. NNPCL also announces another petrol price cut.

Executives: Data Discipline Unlocks Digital Revenue in Nigeria

At the Leadway Digital Growth Summit, industry leaders warned that Nigerian firms must adopt stricter data discipline and deeper collaboration to achieve measurable returns on digital marketing investments. Discover the key strategies.

Rivers LGA Unveils ARISE Plan for Development

Obio/Akpor LGA launches the OBALGA ARISE framework to enhance administration, infrastructure, and security. The plan aims to attract investment and transform the local economy. Read more.

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