Business

28 Jan

Lagos Hosts Benin-Nigeria Business Forum: Unlocking $Billions in Cross-Border Investments

Esther KomolafeBusiness
The Lagos session of the Benin-Nigeria Business Forum (BNBF 2026) is set to unlock new opportunities for trade, investment, and industrial cooperation between the two West African nations. The Federation of West African Chambers of Commerce and Industry (FEWACCI) commends the governments of Benin and Nigeria for their commitment to deepening economic ties, anchored in the ECOWAS legal framework and the African Continental Free Trade Area (AfCFTA) . Lagos, the financial and industrial hub of West Africa, provides the perfect platform for translating policy convergence into co-investment decisions and scalable cross-border enterprises. The Glo-Djigbé Industrial Zone (GDIZ) in Benin offers…
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28 Jan

Kudos to CGC Adeniyi: FOU ‘A’ Celebrates ICD 2026 , TRS Launch

Esther KomolafeBusiness
The Controller of Federal Operations Unit (FOU) Zone A, Comptroller Aliyu Gambo, has congratulated Comptroller-General of Customs, Dr. Bashir Adewale Adeniyi, on the successful celebration of International Customs Day (ICD) 2026. Gambo praised Adeniyi's leadership, noting his position as Chairman of the World Customs Organisation (WCO) Council has elevated Nigeria's global standing . The ICD 2026 celebration highlighted the Nigeria Customs Service's strategic importance in national development, revenue mobilisation, trade facilitation, and security. The Service's 2025 revenue attainment of over ₦7.2 trillion surpassed its annual target, showcasing disciplined enforcement and improved compliance . Gambo also commended the launch of the…
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28 Jan

Apapa Customs , NDLEA Seize 347.5kg of Canadian Loud in Joint Operation

Esther KomolafeBusiness
The Nigeria Customs Service (NCS) Apapa Port Command and the National Drug Law Enforcement Agency (NDLEA) have intercepted 347.5 kilograms of Canadian Loud, a potent strain of cannabis, hidden in an imported Toyota Sienna vehicle. The seizure occurred barely 24 hours after Comptroller Emmanuel Oshoba received a World Customs Organisation (WCO) Certificate of Merit . Highlights: Seizure Details: 347.5kg of Canadian Loud concealed in 13 bags within one of four vehicles Joint Operation: NCS and NDLEA collaboration leads to successful interception Commitment to Security: Comptroller Oshoba warns against trafficking prohibited items through Apapa Port The seized drugs have been handed…
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26 Jan

Seme Customs Hits N2bn in 3 Weeks, Seizes 200 Bags of Smuggled Rice in Badagry Raid

Esther KomolafeBusiness
The Seme Command of the Nigeria Customs Service has collected N2 billion in the first three weeks of 2026, sustaining its 2025 revenue momentum. The Command also seized 200 bags of smuggled rice in a Badagry market raid on January 21, 2026 Highlights: Revenue Generation: N2 billion collected in 3 weeks, aiming to surpass 2025 figures Anti-Smuggling Efforts: Seized 200 bags of smuggled rice in Badagry market raid Collaboration: Comptroller Wale Adenuga welcomes partnership with MARAN for mutual growth Comptroller Adenuga vowed to clear the Badagry roundabout of smuggled goods, emphasizing the Command's commitment to revenue generation and anti-smuggling operations…
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26 Jan

Water Hyacinth to Wealth: LASWA Empowers Epe Women and Youths with Recycling Skills

Esther KomolafeBusiness
The Lagos State Waterways Authority (LASWA) has concluded a 5-day Water Hyacinth Recycling Training Program, equipping 50 women and youths in Epe with skills to transform invasive water hyacinth into innovative products. The initiative, partnered with Mitimeth, promotes environmental responsibility and economic empowerment  . Highlights: Skills Training; Participants mastered harvesting, processing, and recycling techniques Economic Opportunities: Trainees plan to form cooperatives and micro-enterprises Environmental Impact: Reduces water hyacinth pollution, promotes sustainability LASWA aims to expand similar initiatives statewide, fostering sustainable livelihoods and environmental stewardship. The Authority has already trained over 450 women and youths across Lagos' riverine . Would you…
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21 Jan

Oyetola Unveils New NSC Board: ‘Accountability and Reform Key to Maritime Growth

Esther KomolafeBusiness
The Honourable Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has inaugurated the Governing Board of the Nigerian Shippers’ Council, charging members to drive accountability and sectoral reform. The Board, chaired by Dr Ibrahim Shehu Shema, will oversee the Council's regulatory role in promoting efficiency, fairness, and transparency in port operations . Objectives: Strategic Direction: Provide policy guidance and oversight for trade facilitation and cost reduction Regulatory Efficiency : Enhance port performance, competitiveness, and fairness Collaboration: Work with Ministry and Council Management to deliver results Dr Oyetola emphasized the importance of good governance and institutional effectiveness in driving national…
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19 Jan

Tinubu Hails Customs Chief Adeniyi: Reforms Elevate Nigeria on Global Stage

Esther KomolafeBusiness
President Bola Ahmed Tinubu praised Comptroller-General of Customs Adewale Adeniyi on his birthday, lauding his leadership for driving impactful reforms and transforming the Nigeria Customs Service (NCS) into a globally competitive institution. The President highlighted Adeniyi's election as Chairman of the World Customs Organization (WCO) Council in June 2025, boosting Nigeria's international standing . Highlights: Reform-Driven Leadership: Automation, digitisation, and capacity building improved trade facilitation, revenue collection, and border security Global Impact: Adeniyi's WCO role promotes African Continental Free Trade Area (AfCFTA) via Customs Partnership of African Cooperation in Trade (C-PACT) Achievements: Exceeded revenue targets, stronger trade partnerships, enhanced border…
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19 Jan

Apapa Bridge Tanker Spill: Residents Risk Lives, Authorities Urge Caution

Esther KomolafeBusiness
A diesel tanker overturned on Apapa Bridge in Lagos on Monday morning, spilling fuel and attracting crowds scooping diesel despite the danger. The incident, at 8:30am, disrupted traffic and raised fire outbreak fears. Emergency responders, including Lagos State Traffic Management Authority and Fire Service, secured the area, preventing fire and casualties. The lane reopened at 10:05am. Authorities warned against approaching fuel tanker accident scenes, citing explosion risks and environmental damage. Apapa is a congested corridor with frequent heavy-duty vehicle accidents, raising safety concerns , Points: Incident Details: Diesel tanker overturned, spilled fuel on Apapa Bridge Public Response: Residents scooped fuel,…
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17 Jan

Ikorodu Ferry Terminal Reopens: Resume Normal Ops from Monday, Jan 19

Esther KomolafeBusiness
Ferry operators and terminal users are informed that Ikorodu Ferry Terminal will reopen on Monday, 19 January 2026, after clearing navigational concerns caused by water hyacinth infestation. Normal services resume with approved schedules and safety compliance required. Instructions: Resume Operations: Ferry services restart from Jan 19 Follow Schedules: Adhere to approved timetables Safety Compliance: Meet all existing safety and operational requirements LASWA Management urges operators to ensure full compliance with regulations. Would you like to know more about the terminal's reopening or safety guidelines?
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15 Jan

Customs Nets ₦157.8m Cannabis Haul, Bolsters Maritime Security with 21,414 Container Escort Ops

Esther KomolafeBusiness
The Nigeria Customs Service (NCS), Western Marine Command, has intercepted 20 sacks of Cannabis Indica worth ₦157.8 million and escorted 21,414 containers, showcasing its commitment to border security and trade facilitation . Highlights: Major Drug Bust: 1,205 loaves of Cannabis Indica seized, valued at ₦157,830,000 Container Escort Ops: 21,414 containers safely escorted to bonded terminals Collaborative Efforts: Success attributed to inter-agency collaboration and strategic leadership Comptroller Patrick Ntadi emphasized the Command's resolve to combat smuggling and uphold national security and economic stability. Would you like to know more about the Nigeria Customs Service's operations or the impact of the Cannabis…
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