ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Business news

Nigeria Customs Surpasses Revenue Target, Collects ₦7.18 Trillion in 2025

Victoria Emeto by Victoria Emeto
January 27, 2026
in Business news, Economy
0
Nigeria Customs Surpasses Revenue Target, Collects ₦7.18 Trillion in 2025

The Nigeria Customs Service (NCS) has generated ₦7.18 trillion in revenue for the 2025 fiscal year, surpassing the previous year’s target of ₦6.5 trillion by ₦697 billion (10.46%), the Comptroller General, Adewale Adeniyi, announced on Monday in Abuja during International Customs Day 2026. The event was themed: “Customs Protecting Society Through Vigilance and Commitment.”

Adeniyi attributed the achievement to ongoing reforms that are transforming the NCS into a modern, intelligence-driven institution, capable of protecting society while facilitating lawful trade. He also officially launched the Nigeria Time Release Study (TRS), describing it as a milestone in creating a Customs administration that is efficient, predictable, and globally competitive.

The NCS collected ₦6.1 trillion in 2024, making the 2025 figure an increase of roughly ₦1.18 trillion (19%) year-on-year. Adeniyi emphasised that the growth reflects enhanced compliance, digital tools, disciplined enforcement, and better data utilisation, rather than arbitrary measures or burdens on legitimate traders.

Adeniyi highlighted that vigilance must coexist with trade facilitation, explaining that the TRS would provide evidence-based insights for improving efficiency at ports, airports, and land borders. “A modern Customs administration must detect high-risk consignments without suffocating legitimate trade,” he said.

The CGC noted that protection goes beyond revenue, citing major seizures that prevent harm to society. In 2025, officers intercepted:

16 containers of prohibited goods at Apapa Port, including narcotics, expired pharmaceuticals, and concealed firearms valued at over ₦10 billion.

Over 1,600 exotic birds trafficked without CITES permits, halting a major wildlife crime.

Numerous narcotics, counterfeit medicines, arms, ammunition, substandard consumer goods, and petroleum products across land borders.

In total, the Service recorded over 2,500 seizures nationwide, with a combined value exceeding ₦59 billion, preventing narcotics abuse, unsafe treatments, violent crimes, environmental degradation, and treaty violations.

Adeniyi outlined a three-pronged strategy to sustain NCS’s dual mission of protecting society and enabling prosperity:

1. Intelligence-led, technology-driven enforcement using risk management, non-intrusive inspection, post-clearance audits, and data analytics.

2. Institutional reforms to reduce clearance times and eliminate bottlenecks.

3. Strengthening partnerships with government agencies, private sector operators, financial institutions, and international bodies such as the World Customs Organization (WCO).

He emphasised that protecting society through vigilance and commitment is a long-term philosophy, asserting that safety and prosperity are not mutually exclusive. Adeniyi commended the support of President Bola Tinubu, the WCO, the UK Government for supporting the TRS programme, and the dedication of Customs officers working in challenging environments.

The 2026 International Customs Day highlights NCS’s commitment to efficient trade, national security, and societal protection, demonstrating the Service’s central role in Nigeria’s economic growth and security infrastructure.

Tags: #CustomsReforms#NigeriaCustoms#RevenueSuccess#TradeSecurity
Previous Post

Dangote Refinery Raises Petrol Gantry Price to ₦799 Per Litre

Next Post

Ardova Plc Achieves ISO 27001:2022 Certification for Information Security Excellence

Victoria Emeto

Victoria Emeto

Next Post
Ardova Plc Achieves ISO 27001:2022 Certification for Information Security Excellence

Ardova Plc Achieves ISO 27001:2022 Certification for Information Security Excellence

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Ardova Plc Achieves ISO 27001:2022 Certification for Information Security Excellence

Ardova Plc Achieves ISO 27001:2022 Certification for Information Security Excellence

January 27, 2026
Nigeria Customs Surpasses Revenue Target, Collects ₦7.18 Trillion in 2025

Nigeria Customs Surpasses Revenue Target, Collects ₦7.18 Trillion in 2025

January 27, 2026
Dangote Refinery Raises Petrol Gantry Price to ₦799 Per Litre

Dangote Refinery Raises Petrol Gantry Price to ₦799 Per Litre

January 27, 2026
FG Launches Nationwide Cloves Farming Programme for 2026 Wet Season

FG Launches Nationwide Cloves Farming Programme for 2026 Wet Season

January 27, 2026
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

Ardova Plc Achieves ISO 27001:2022 Certification for Information Security Excellence

Ardova Plc Achieves ISO 27001:2022 Certification for Information Security Excellence

January 27, 2026
Nigeria Customs Surpasses Revenue Target, Collects ₦7.18 Trillion in 2025

Nigeria Customs Surpasses Revenue Target, Collects ₦7.18 Trillion in 2025

January 27, 2026
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!