Month: August 2026

By Seun Ibiyemi President Bola Ahmed Tinubu has commended the growing continental recognition of Nigeria’s customs modernisation programme following the selection of AfriTrade CMP Limited, a subsidiary of Nigerian-owned Bergmans Security Consultant and Supplies Limited, for a 20-year, multi-billion-dollar AfCFTA Customs Modernisation Project. The President said the development demonstrated Nigeria’s growing capacity to develop homegrown…

By Seun Ibiyemi The Nigeria Customs Service (NCS), Federal Operations Unit Zone ‘A’ (FOU ‘A’), Ikeja-Lagos, has intercepted 220 consignments of prohibited and smuggled goods with a combined Duty Paid Value (DPV) of N3.24 billion. The Unit also recovered N728.98 million in revenue through intelligence-led enforcement operations targeting under-declaration, false declarations and other forms of…

The Executive Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has denied allegations linking him and the agency to an alleged $279 million irregular movement of funds from Nigeria’s Frontier Exploration Fund. Adedeji described the allegation as false and sponsored, insisting that neither he nor the NRS was involved in any illegal transfer from…

By Seun Ibiyemi The Nigeria Customs Service (NCS) has intercepted 399 fully assembled Jojef firearms and assorted rifle parts at the Tin Can Island Port Command in Lagos.The seizure followed a detailed examination of a shipment initially discovered to contain crates of knocked-down firearm components concealed inside a container. The NCS National Public Relations Officer,…

By Seun Ibiyemi The Federal Government spent N3.14 trillion on servicing its domestic debt in the first quarter of 2026, reflecting rising pressure from interest obligations and principal repayments, according to the latest report by the Debt Management Office (DMO). The DMO disclosed that the total domestic debt service comprised N2.97 trillion in interest payments…