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Customs Generates N1.7trn Revenue, Seizes N7.6bn Goods in Q1
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The Nigeria Customs Service (NCS) on Tuesday announced a revenue generation of N1.7trillion in the first quarter of the year.
The Service, according to the Comptroller General of the Service, Bashir Adewale Adeniyi also seized goods worth N7.6bn for violating trade regulations.
Adeniyi who briefed newsmen in Abuja said that against the annual target of ₦6,580,000,000,000.00, the first quarter’s proportional benchmark stood at ₦1,645,000,000,000.00.
He added, “ I’m proud to announce we’ve exceeded this target by ₦106.5 billion, achieving 106.47% of our quarterly projection. This outstanding performance represents a substantial 29.96% increase compared to the same period in 2024, where we collected
₦1,347,705,251,658.31.
“ Our month-by-month analysis reveals even more encouraging details of this growth trajectory. January’s collection of ₦647,880,245,243.67 not only surpassed its monthly target of ₦548.33 billion by 18.12%, but also showed a remarkable 65.77% year-on-year growth. February’s ₦540,105,439,535.18 exceeded its target by 1.3% while achieving 19.97% growth over 2024 figures. March maintained this positive trend with ₦563,516,567,519.20, delivering 2.7% above target and an 11.22% improvement over March 2024.
“ These results substantiate our effective measures to curb revenue losses while streamlining compliant trade. The 29.96% annual increase and steady monthly collections confirm our strategy is working. We’ll maintain this momentum through rigorous enforcement and strengthened partnerships”.
On anti-smuggling, Adeniyi said, “The Nigeria Customs Service maintained robust anti-smuggling operations during the first quarter of 2025, recording 298 seizures with a total Duty Paid Value (DPV) of ₦7,698,557,347.67. This represents a significant 78.41% increase compared to the ₦4,315,162,568.35 recorded in Q4 2024, demonstrating heightened operational effectiveness. However, when compared to Q1 2024’s
₦9,587,256,998.05, the Service observed a 19.70% reduction in DPV,
attributable to improved compliance through sustained stakeholder engagement and the deterrent effect of our enforcement activities.
“ Rice remained the most prevalent seized commodity, with 159 cases involving 135,474 bags valued at ₦939,309,698.00. Petroleum products followed with 61 seizures totaling 65,819 liters (₦43,336,160.81 DPV). Of particular note were 22 narcotics interceptions valued at ₦730,748,173.00, reflecting our intensified focus on combating drug trafficking. The Service also recorded three high-value wildlife product seizures with a remarkable ₦5,653,522,600.00 DPV, underscoring both the lucrative nature of this illegal trade and our commitment to environmental protection under international conventions.
“ Other notable seizures included textile fabrics (13 cases, ₦134,219,330.00 DPV), retreaded tires (5 cases, ₦104,599,000.00 DPV), and pharmaceuticals (1 case, ₦17,188,000.00 DPV). These comprehensive results demonstrate the Service’s vigilance across all categories of prohibited and restricted goods.
“ The seizure trends highlight several strategic priorities:
a. Continued emphasis on intercepting high-volume items like rice and petroleum products through enhanced border surveillance
b. Specialized operations targeting high-value wildlife trafficking, building on existing collaborations with UNODC and other international partners
c. Sustained focus on dangerous narcotics and pharmaceutical smuggling
d. Implementation of advanced non-intrusive inspection technology to improve detection rates
13. From rice to wildlife, these seizures show our targeted approach. While these results indicate progress in curbing smuggling activities, the Service recognizes the evolving nature of illicit trade. We remain committed to refining our enforcement strategies through intelligence-led operations, technological
advancement, and strengthened interagency cooperation to protect national revenue and security”.
The Customs boss added that trade facilitation remains a core focus of the operations of Customs.
According to him, “we continue striving to balance our revenue collection and enforcement responsibilities with the need to promote legitimate trade. During the first quarter of 2025, the Service processed a total of 327,928 Single Goods Declarations (SGDs) for imports, handling goods with a total mass of 4,910,640,283.33 kilograms and a Cost, Insurance, and Freight (CIF) value of ₦14,807,960,201,235.00.
“ This represents a 5.28% increase in the number of import transactions compared to the 311,492 SGDs processed in Q1 2024, reflecting growing confidence in our trade facilitation measures. The significant 40.14% increase in the mass of imports processed (from 3,504,173,117.33 kg in Q1 2024) demonstrates robust growth in import volumes, while the 26.72% increase in CIF value (from ₦11,685,677,810,129.00 in Q1 2024) indicates a shift towards higher-value goods.
16. In Q1 2025, the Service processed 8,153 export shipments (SGDs), representing a 6.4% decrease from Q4 2024 (8,710 SGDs) and a 24.4% decline from Q1 2024 (10,786 SGDs). Despite fewer transactions, export mass reached
5.03 billion kilograms – a 10% reduction from Q4 2024’s 5.58 billion kg but a remarkable 348% increase from Q1 2024’s 1.12 billion kg. The CIF value stood at ₦21.51 trillion, showing a 19% increase from Q4 2024’s ₦18.07 trillion while remaining stable compared to Q1 2024’s ₦21.58 trillion. This data clearly suggestive of Nigeria’s accelerating shift toward bulk commodity exports, with significantly larger shipments being processed through fewer transactions, while maintaining consistent total export value – reflecting both changing trade patterns and improved processing efficiency in our export systems.
“ The total trade value handled by the Service in Q1 2025 amounted to
₦36,317,925,576,290.00, demonstrating Nigeria’s substantial participation in international trade despite global economic challenges. This performance reflects
our ongoing commitment to implementing trade facilitation measures that enhance Nigeria’s competitiveness in the global market”.
News
NNPC slashes petrol price twice within four days
The Nigerian National Petroleum Company Limited, NNPCL, has slashed its fuel pump price for the second time within four days.
A market survey on Saturday by DAILY POST showed that NNPCL retail outlets around Airport Junction and Wuse Zone 6 (Berger) in Abuja have reduced their petrol price to N1210 per litre, down from N1260.
This means that the state-owned oil firm slashed the petrol price by N50 per litre.
This comes barely two days after Dangote Refinery reduced its petrol gantry price by N50 to N1,125 per litre.
Recall that four days ago, NNPCL had adjusted its fuel price pump by N75 per litre to N1260.
With the latest drop by NNPCL retail outlets, petrol prices stand between N1210 per litre and N1305 per litre in Abuja and its environs.
The reduction in domestic fuel comes amid falling crude oil prices, which stand at $69 per barrel and $71 per barrel for West Texas Intermediate and Brent crude, respectively, following the easing of the conflict in the Middle East.
Recall that President Bola Tinubu has kept mum amid the clamour by Nigerians for a commensurate drop in domestic fuel pump prices due to the significant reduction in crude oil prices.
News
Lokoja Court order: INEC speaks on NDC, says it’s yet to receive CTC
The Independent National Electoral Commission, INEC, has said it is yet to receive the Certified True Copy, CTC, of the Federal High Court judgment that set aside an earlier order directing it to register the Nigeria Democratic Congress, NDC, as a political party.
INEC revealed this in a statement issued on Saturday by its Chief Press Secretary and Media Adviser to the Chairman, Adedayo Oketola.
According to the commission, although it is aware of media reports on the judgment delivered by the Federal High Court sitting in Lokoja on June 26, it cannot comment on the ruling until it obtains and reviews the certified copy.
The Independent National Electoral Commission, INEC, is aware of reports circulating in the media regarding the judgment delivered on Friday, June 26, 2026, by the Federal High Court sitting in Lokoja, which set aside an earlier order concerning the registration of the Nigeria Democratic Congress.
“However, as of this moment, the Commission has not yet received the Certified True Copy, CTC, of the court’s order,” the statement said.
INEC stated that its legal department would study the judgment upon receipt of the CTC before advising the commission on the next course of action.
“Once the Commission’s legal department receives and thoroughly studies the CTC of the judgment, INEC will take an informed, lawful decision in line with the court’s directives.
“Until then, we cannot comment on the specifics of the ruling, and the public is urged to await the Commission’s formal position on the matter,” Oketola added.
Justice Isah Dashen of the Federal High Court in Lokoja had on Friday set aside the court’s December 10, 2025, judgment directing INEC to register the NDC as a political party.
The court held that the rights of the Peace Movement Party were affected by the earlier judgment because it was not joined in the suit despite claiming ownership of the logo relied upon in securing the registration order.
Justice Dashen consequently ordered that all parties be restored to the positions they occupied before the December 2025 judgment and directed that the substantive suit be heard afresh with all necessary parties joined.
The NDC has rejected the ruling and announced plans to appeal the decision. Its National Chairman, Senator Moses Cleopas, maintained that the party had not been deregistered and argued that the trial court lacked jurisdiction to revisit a matter on which it had already delivered a final judgment.
The ruling has also attracted reactions from opposition figures, including the NDC’s presidential candidate, Peter Obi, the party’s National Leader, Senator Henry Dickson, and other stakeholders, who described the decision as a threat to Nigeria’s multiparty democracy and vowed to challenge it through all available legal channels.
INEC, however, maintained that it would reserve its position on the judgment until it receives and reviews the Certified True Copy.
News
Just in: Police rescue five abductees in Ogun
A joint police operation rescued five victims abducted near Ogbere Forest in Ogun state on Wednesday.
They were rescued within 25 hours by the Lagos and Ogun Police Commands, which were part of a joint operation codenamed KOSAYE, meaning “No Space” in Yoruba.
The woman was among the victims who were shot in the incident. Her daughter and sister were among those rescued by the police on Thursday.
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