Wednesday, March 18, 2026
HomeFinanceH1 2025: Nigeria's Customs Records $2.44 Billion Revenue

H1 2025: Nigeria’s Customs Records $2.44 Billion Revenue

Date:

Related stories

Youth: The Engine to Power Sustainable Agricultural Mechanisation in Africa?

When the rains arrive across much of sub-Saharan Africa (SSA),...

Sunbeth Raises ₦165 Billion as Commercial Paper Offer Oversubscribed by 65%

Sunbeth Global Concepts Limited has announced the successful completion...

ITFC, Mauritania Sign $1 Billion Framework Agreement to Strengthen Trade, Economic Development

The International Islamic Trade Finance Corporation, a member of...

Prominent U.S. Lawyer Thomas C Goldstein Convicted at Trial of Tax Evasion, Mortgage Fraud

A federal jury in Greenbelt, Maryland, convicted Thomas C....

AGESI Unveils 2026 Executive Training Catalogue to Drive Africa’s Green Transition

The Africa Green Economy and Sustainability Institute (AGESI) has...
- Advertisment -spot_imgspot_img

The Nigeria Customs Service has recorded a revenue of N3.68 trillion for the first half of 2025, surpassing its revenue target by N390.20 billion, equivalent to 11.85 per cent. This was announced in a statement on Tuesday.

The Nigeria Customs Service Board conducted a comprehensive review of the revenue, which was announced at its 63rd regular meeting, chaired by Finance and Economy Minister Wale Edun, the statement said.

The board linked the achievement to the effectiveness of NCS’ ongoing reforms, improved compliance by stakeholders, and enhanced deployment of technology in customs operations, alongside the service’s strengthened capacity in revenue mobilisation.

Between January 1 and June 30, 2025, the service recorded a total revenue collection of N3,682,496,530,576.48, representing a “remarkable performance above expectations”. In practical terms, this signifies that within six months, the NCS has already achieved 55.93 per cent of its annual revenue target.

It said the NCSB at the meeting approved the appointment of four deputy comptroller-generals and 12 assistant comptroller-generals.

Additionally, the appointments were to fill vacancies created by the recent retirement of some management members, while also strengthening equitable representation within the NCS’ leadership structure.

It added that the appointments were in line with the availability of positions across the six geopolitical zones.

According to the statement, this is in strict compliance with the Federal Character Policy of the Government, as provided in Section 14(4) of the NCS Act, 2023.

Funminiyi Philips
Funminiyi Philips
Funminiyi Philips is a finance pro-turned-cyber ninja. By day, I'm a numbers whiz and news junkie, covering tech, business, and cyber trends. By night, I'm a gamer and adventure-seeker levelling up my skills in cybersecurity. Ready to join forces and take on the next big challenge.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

- Advertisment -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!