Customs

For the third time in one week, CBN again hikes Customs duty rate to N1417.635 per dollar

CBN Governor, Olayemi Cardoso

The Eyewitness Reporter

Apparently unperturbed by the massive suffering that pervades the country, the Central Bank of Nigeria (CBN), for the third time in one week, has again raised the Customs duty exchange rate to N1,417.635 per dollar from N1,423.635.

The marginal increase was reflected Friday night on the Customs trade portal.

This increase came exactly one week on February 3rd when the CBN increased the rate to N1, 413.62 per dollar from N1356.883, barely 24 hours earlier.

The February 9th increase makes it the third time the apex bank would increase the rate in the last one week in defiance of the growing anger and hunger in the country.

Ibrahim Tanko, a frontline Customs broker and the National Coordinator, the 100 percent compliance team of the National Association of Government Approved Freight Forwarders(NAGAFF) has claimed that the Apex body has planned to increase the rate to N1500 per dollar in a short while.

The latest increase represents N4.015 and a percentage increase of 0.28 percent, which is below the official CBN exchange rate of N1,481.982/$ as of the morning of Saturday, February 10, 2024.

While the latest increase is the third in one week in 2024, it was also the seventh time the apex bank has adjusted exchange in the space of eight months since President Tinubu’s administration commenced the floating naira policy, a reform aimed at stabilising the forex market.The CBN had on June 24, 2023, adjusted the exchange rate from N422.30/$ to N589/$, and on July 6, 2023, it was adjusted to N770.88/$, on November 14, 2023, it was adjusted to N783.174/$, in December it was adjusted to N951.941/$, on February 2nd ,it was moved to N1, 356.883/$ and on February 3, it was raised to N1, 413.62/$ and now it has been raised to N1,417.635/$.

Stakeholders have expressed worries and described the CBN incessant increase of the rate as flippant which has make customs duty highly unpredictable and extremely high.

According to them, with the latest rate, the customs duty on a 40- footer container now hovers between N10 million to N17 million.

Comrade Onome Monije, the Public Relations officer of the Tin Can Command of the Association of Nigerian Licensed Customs Agents ANLCA(ANLCA) advised her fellow customs brokers to be mindful of their price quotations for their clients in order not to incur unnecessary debts due to the flippant way the CBN was increasing customs duty exchange rate.

According to her, prior to the new rate and at the last rate of N1413 per dollar, the lowest vehicle on the customs system is Toyota Corolla. It has FOB 3945 old exchange Rate calculations thus;
Total duty @951= 1,773,000, Total Duty @1413=2,633,000
Difference = N860,000For the Toyota Camry, the FOB is 4568 at the old exchange. Rate Total duty @951= 2,053,603
Total Duty @1413=3,045,805
Difference = N993,000

With the new rate of N1416.635 per dollar, the prices are expected to have further increased.

“I want to suggest we always write in our price quotations based on the floating exchange rate as it applies currently” she advised her professional colleagues who have already become frustrated and highly distraught with the new development.

Customs

Apapa Customs records major breakthrough in anti- smuggling operations.

– intercepts 13 containers of harmful pharmaceuticals, other contraband goods worth N6.38billion

Funso OLOJO, Editor

The Apapa Command of the Nigeria Customs Service has recorded a huge success in its relentless war against traders of illicit products when its officers intercepted 13 containers of harmful pharmaceuticals and other contraband goods.

Unveiling the contraband goods at the APM Terminals,Apapa port on Tuesday, March 10th, 2026, the Comptroller- General of Customs, Adewale Adeniyi, disclosed that the intercepted consignments are worth over N6.38 billion.

Adeniyi, while speaking with Journalists, revealed that the interception and seizures were made possible through intelligence-driven operations supported by cargo scanning technology and targeted physical examination.

He explained that officers detected irregular cargo profiles during routine scanning procedures, prompting detailed physical inspections that uncovered several prohibited and falsely declared consignments.

According to him, among the seizures was a 40-foot container loaded with expired pharmaceutical products, including Mixagrip Cold Caplets, Ladinax tablets, Chloroquine injections and Diclofenac tablets.

Customs officers also intercepted two 40-foot containers filled with unregistered pharmaceutical products, including Hyegra 200 and Sildenafil Citrate.

In another discovery, a 20-foot container carrying 800 cartons of codeine was found carefully concealed inside toilet flushing cisterns and sanitary ware.

Other pharmaceutical seizures included cartons of Artesunate injections, while a separate container was discovered to contain restricted security equipment such as bulletproof vests, helmets, walkie-talkies and tactical torches imported without the required End User Certificates.

The Service also uncovered multiple containers loaded with expired food items, including muffin cookies, 36,000 cans of expired energy drinks, and large quantities of expired tomato paste brands.

In addition, officers seized a 40-foot container containing 1,700 cartons of codeine cough syrup concealed among luxury food flasks.

Another container was found carrying 1,575 cartons of CSMIX with codeine hidden with electric kettles, alongside additional cartons of Co-codamol tablets.

Customs further intercepted 13 jumbo bags of Cannabis Sativa weighing 347.57 kilograms, which were concealed inside a Toyota Sienna vehicle.

Adeniyi described the seizures as a major breakthrough in the Service’s ongoing crackdown on illicit trade and smuggling through Nigeria’s seaports.

He warned that the importation of expired drugs and controlled substances poses serious risks to public health, while the smuggling of codeine-based products contributes to the growing problem of substance abuse.

The Comptroller-General emphasized that under the Nigeria Customs Service Act 2023, the seized goods are liable to outright forfeiture, adding that investigations are ongoing and all persons connected to the shipments will face prosecution.

He also stressed that the Service is expanding the use of Non-Intrusive Inspection (cargo scanning) to improve cargo clearance efficiency while strengthening enforcement against high-risk consignments.

According to him, Apapa Port processes thousands of containers daily, making it one of the most strategic trade gateways in West Africa.

“Apapa Port is no longer a playground for smugglers or criminal syndicates hiding behind legitimate trade documentation,” Adeniyi stated.

He assured compliant traders that Customs enforcement is not aimed at legitimate business but at protecting Nigeria’s economy and citizens from dangerous and illegal imports.

Customs

Dera Nnadi bows out of Customs in a blaze of glory

Geraldine Samuel, Reporter

Dera Nnadi, a Deputy Comptroller- General of Customs(rtd), has dropped anchor of service in the Nigeria Customs and graceful bowed out of the agency in a blaze of glory.

In a commemorative retirement ceremony conducted by his appreciative colleagues at the Customs’ Headquarters, Abuja on March 3rd, 2026, Nnadi was pulled out of the Service he has diligently served amidst glowing tributes.

Incidentally, his pull- out ceremony coincided with his 60th birthday.

Leading the management staff, men and officers of the service in paying moving tributes to the retiring Nnadi was the Comptroller- General of Customs, Adewale Adeniyi, who described DCG(rtd) Nnadi as an exemplary officer whose professionalism, discipline, and commitment to duty significantly strengthened the values and operational effectiveness of the NCS.

According to the CGC, the retirement ceremony provided an opportunity not only to celebrate a successful career but also to appreciate the sacrifices and dedication of officers who devote their lives to safeguarding the nation’s economic and border security interests.

He noted that Nnadi’s career reflects the core ideals of the Nigeria Customs Service, particularly in leadership, revenue generation and trade facilitation.

“Today is a moment of celebration and reflection. It is also an opportunity for us to thank Almighty God for the grace that has sustained our colleague throughout his years of service,” the CGC said.

The CGC also highlighted the personal and professional bond he shares with the retiree, noting that their relationship extends beyond official duties to family ties.

He expressed confidence that DCG Nnadi still possesses the energy and experience to continue contributing meaningfully to national development through academic and other professional engagements.

Members of the Service’s management team also paid glowing tributes to the retired DCG, commending his leadership qualities, integrity and mentorship.

Officers who served under him described him as a dependable leader who provided guidance and encouragement to younger personnel while strengthening the Service’s institutional capacity.

Responding to the honour, DCG Dera Nnadi (Rtd) expressed appreciation to the Comptroller-General of Customs, the management team, officers and Men of the Service for their support and cooperation throughout his career.

He described his years in the NCS as a fulfilling journey of growth, learning and service to the nation.

The ceremony featured the presentation of awards, gift items and commemorative photographs in honour of the distinguished officer.

Customs

Customs takes charge of implementation of National Single Window project

– rallies stakeholders for successful take-off

Funso OLOJO, Editor

As the preparations for the official launch of National Single Window(NSW) project on March 27th, 2026 gather momentum, the Nigeria Customs service may have been designated as the lead agency to drive the modernisation project.

This much was confirmed by the Director of the Project, Tola Fakolade who acknowledged the pivotal leadership of the NCS in the implementation process.

At one of the stakeholders sensitisation programmes in Abuja on March 3rd, 2026, Fakolade declared “Our number one stakeholder is the NCS,”

“We have maintained a strong and constructive working relationship.

Customs’ participation and institutional experience are critical to the success of this project.” the project coordinator confirmed.

Confirming the lead role of the NCS, the Deputy Comptroller-General of Customs in charge of ICT and Modernisation, DCG Oluyomi Adebakin, described the NSW as a major milestone in the Service’s ongoing modernisation drive.

She revealed that the NCS has been actively engaged in preparatory work for months to ensure that the framework being developed reflects operational realities and supports seamless implementation.

“This is a national project, but Customs is at the centre of its execution,” DCG Adebakin said.

“The success of the Single Window depends on collective understanding and cooperation. We must all appreciate its value because we cannot effectively promote what we do not fully understand.”

She reassured officers and stakeholders that the initiative is designed to strengthen institutional capacity rather than replace human resources, explaining that technology will enhance efficiency, transparency, and speed in cargo clearance and trade documentation processes.

Reaffirming the critical role of the service in the implementation of the NSW project, the Comptroller- General of Customs, Adewale Adeniyi, at the Abuja stakeholders engagement with airlines and shipping companies held on March 4th, 2026, emphasised the importance of collaboration in ensuring the successful rollout of the initiative.

He noted that the support of critical stakeholders has played a significant role in the achievements recorded in the Service’s modernisation journey so far.

Adeniyi disclosed that President Bola Ahmed Tinubu has mandated the Service to take a bold step forward towards a successful launch of the National Single Window, a move aimed at positioning Nigeria as a major player in global trade.

He added that airline and shipping line operators remain vital partners in ensuring a seamless transition to the new system.

He further assured stakeholders that adequate support structures are being put in place to ease the migration process.

“A help desk with well-trained personnel will be available to address any operational challenges that may arise during the rollout”, the Comptroller-General stated.

The NCS described the National Single Window as a strategic reform that aligns with Customs’ mandate of trade facilitation, revenue generation, and inter-agency coordination.

With the NCS spearheading coordination and stakeholder engagement, the NSW project is expected to transform Nigeria’s trade environment, enhance revenue generation, and strengthen the country’s position in the global trading community.