Spear News
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Ojudu to El-Rufai: Nigeria Needs Real Political Parties, Not Barber’s Chair Movements

    El-Rufai Blames Judges for Eroding Public Trust in Nigeria’s Judiciary

    Ebonyi Raises Newly Hired Doctors’ Wages to N500,000 Monthly

    Ebonyi Raises Newly Hired Doctors’ Wages to N500,000 Monthly

    Uba Sani: Why Killings in Southern Kaduna End Since I came

    Court Throws Out Philip Shaibu’s N50bn Lawsuit Against Obaseki, Others

    Court Throws Out Philip Shaibu’s N50bn Lawsuit Against Obaseki, Others

    Obidient Movement Refutes Viral Report of Obi-Atiku 2027 Partnership

    Obidient Movement Refutes Viral Report of Obi-Atiku 2027 Partnership

    Atu Emerges Edo Assembly Deputy Speaker

    Edo House of Assembly Gets New Deputy Speaker

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    How AI Can Transform Nigeria’s Economy – Don

    How AI Can Transform Nigeria’s Economy – Don

    Brain Implant Turns Thoughts into Speech in Near Real-time

    Brain Implant Turns Thoughts into Speech in Near Real-time

    AI Startup Perplexity Confirms Interest to Buy TikTok

    AI Startup Perplexity Confirms Interest to Buy TikTok

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    What Many Users Don’t Know About iPhone: Hidden Tricks to Free Up Storage

    What Many Users Don’t Know About iPhone: Hidden Tricks to Free Up Storage

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    AFCON U-20: Nigeria’s Flying Eagles Clinch Bronze after Getting Past Egypt on Penalties

    AFCON U-20: Nigeria’s Flying Eagles Clinch Bronze after Getting Past Egypt on Penalties

    Eberechi Eze’s Early stunner Seals Historic FA Cup Victory for Crystal Palace

    Eberechi Eze’s Early stunner Seals Historic FA Cup Victory for Crystal Palace

    Nollywood Finally Makes It into Cannes Arthouse Film Fold

    Ofili Breaks Women’s 150m World Record in Atlanta

    Ofili Breaks Women’s 150m World Record in Atlanta

    Palace Stun Man City to Win FA Cup for First Time

    Palace Stun Man City to Win FA Cup for First Time

    I Get Advances From Women as a Gospel Singer – Toluwanisings

    I Get Advances From Women as a Gospel Singer – Toluwanisings

  • Lifestyle
    • All
    • Food
    • Health
    • Travel
    Auto Draft

    400,000 Children in Adamawa Require Nutrition Treatment – UNICEF

    Omojuwa and Wife Welcome First Child

    Omojuwa and Wife Welcome First Child

    NCDC Says Antimicrobial Resistance Deadlier Than HIV, TB, Malaria

    Abia Targets 8,500 Hectares For Rice Cultivation

    POLIO:Gombe Gov’t, UNICEF, WHO Flag Off Vaccine Campaign

    Immunization Week: Vaccines Sustainable, Save 6 Lives Per Minute – UNICEF

    Immunization Week: Vaccines Sustainable, Save 6 Lives Per Minute – UNICEF

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Contact Us
  • About Us
  • Privacy Policy
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Ojudu to El-Rufai: Nigeria Needs Real Political Parties, Not Barber’s Chair Movements

    El-Rufai Blames Judges for Eroding Public Trust in Nigeria’s Judiciary

    Ebonyi Raises Newly Hired Doctors’ Wages to N500,000 Monthly

    Ebonyi Raises Newly Hired Doctors’ Wages to N500,000 Monthly

    Uba Sani: Why Killings in Southern Kaduna End Since I came

    Court Throws Out Philip Shaibu’s N50bn Lawsuit Against Obaseki, Others

    Court Throws Out Philip Shaibu’s N50bn Lawsuit Against Obaseki, Others

    Obidient Movement Refutes Viral Report of Obi-Atiku 2027 Partnership

    Obidient Movement Refutes Viral Report of Obi-Atiku 2027 Partnership

    Atu Emerges Edo Assembly Deputy Speaker

    Edo House of Assembly Gets New Deputy Speaker

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    How AI Can Transform Nigeria’s Economy – Don

    How AI Can Transform Nigeria’s Economy – Don

    Brain Implant Turns Thoughts into Speech in Near Real-time

    Brain Implant Turns Thoughts into Speech in Near Real-time

    AI Startup Perplexity Confirms Interest to Buy TikTok

    AI Startup Perplexity Confirms Interest to Buy TikTok

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    What Many Users Don’t Know About iPhone: Hidden Tricks to Free Up Storage

    What Many Users Don’t Know About iPhone: Hidden Tricks to Free Up Storage

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    AFCON U-20: Nigeria’s Flying Eagles Clinch Bronze after Getting Past Egypt on Penalties

    AFCON U-20: Nigeria’s Flying Eagles Clinch Bronze after Getting Past Egypt on Penalties

    Eberechi Eze’s Early stunner Seals Historic FA Cup Victory for Crystal Palace

    Eberechi Eze’s Early stunner Seals Historic FA Cup Victory for Crystal Palace

    Nollywood Finally Makes It into Cannes Arthouse Film Fold

    Ofili Breaks Women’s 150m World Record in Atlanta

    Ofili Breaks Women’s 150m World Record in Atlanta

    Palace Stun Man City to Win FA Cup for First Time

    Palace Stun Man City to Win FA Cup for First Time

    I Get Advances From Women as a Gospel Singer – Toluwanisings

    I Get Advances From Women as a Gospel Singer – Toluwanisings

  • Lifestyle
    • All
    • Food
    • Health
    • Travel
    Auto Draft

    400,000 Children in Adamawa Require Nutrition Treatment – UNICEF

    Omojuwa and Wife Welcome First Child

    Omojuwa and Wife Welcome First Child

    NCDC Says Antimicrobial Resistance Deadlier Than HIV, TB, Malaria

    Abia Targets 8,500 Hectares For Rice Cultivation

    POLIO:Gombe Gov’t, UNICEF, WHO Flag Off Vaccine Campaign

    Immunization Week: Vaccines Sustainable, Save 6 Lives Per Minute – UNICEF

    Immunization Week: Vaccines Sustainable, Save 6 Lives Per Minute – UNICEF

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Contact Us
  • About Us
  • Privacy Policy
No Result
View All Result
Spear News
No Result
View All Result
Home News

Customs Raked ₦1.75 trillion Revenue in Q1 2025

April 23, 2025
in News
Customs Raked ₦1.75 trillion Revenue in Q1 2025
Share on FacebookShare on Twitter


The Nigeria Customs Service (NCS) collected ₦1.75 trillion as revenue for the first quarter of 2025, its comptroller-general, Adewale Adeniyi, said on Tuesday in Abuja.

“I am proud to announce that we have exceeded this year’s target by ₦106.5 billion, achieving 106.47 per cent of our quarterly projection,” Mr Adeniyi said at a press briefing.

” This outstanding performance represents a substantial 29.96 per cent increase compared to the same period in 2024, where we collected ₦1.35 trillion.”

Related ArticlesPosts

FAAC Shares N1.681trn April Revenue, Federation Account Grosses N2.848tn

FCTA Moves to Regulate Gaming Sector, Targets Revenue Growth and Investor Confidence

Mr Adeniyi said customs exceeded its first quarter benchmark of N1.65 trillion by 106.47 per cent.

“January’s collection of ₦647.88 billion not only surpassed its monthly target of ₦548.33 billion by 18.12 per cent but also showed a remarkable 65.77 per cent year-on-year growth.

“February’s ₦540.11 billion exceeded its target by 1.3 per cent while achieving 19.97 per cent growth over 2024 figures,” he said.

Mr Adeniyi said March maintained this positive trend with ₦563.52 billion, delivering 2.7 per cent above target and an 11.22 per cent improvement over March 2024.

He said the service recorded 298 seizures, with a total duty paid value (DPV) of ₦7.7 billion, representing an increase of 78.41 per cent compared to the ₦4.32 billion recorded in the fourth quarter of 2024.

Mr Adeniyi said the achievement indicated improved operational effectiveness.

The customs boss added that compared to the ₦9.59 billion recorded in the first quarter of 2024, the service observed a 19.70 per cent reduction in DPV.

According to him, the reduction is due to improved compliance, facilitated by sustained stakeholders’ engagements and the deterrent effect of the service’s enforcement activities.

“Rice remained the most prevalent seized commodity, with 159 cases involving 135,474 bags valued at ₦939.31 million; petroleum products followed with 61 seizures totalling 65,819 litres (₦43.34million DPV).

”Of particular note were 22 narcotics interceptions valued at ₦730.75 million, reflecting our intensified focus on combating drug trafficking.

“The service also recorded three high-value wildlife product seizures with a remarkable ₦5.65 billion DPV,” Mr Adeniyi said.

Mr Adeniyi stated that this underscored the lucrative nature of the illegal trade and the NCS’s commitment to environmental protection under the extant international conventions.

The comptroller-general said other notable seizures included 13 cases of textile fabrics valued at ₦134.22 million DPV), and five cases of retreaded tyres.

He disclosed that they were all valued at ₦104.60 million DPV, with one pharmaceutical case valued at ₦17.19 million DPV.

According to him, these comprehensive results demonstrate the service’s vigilance across all the categories of prohibited and restricted goods.

Mr Adeniyi said that in the first quarter, the NCS processed 327,928 single goods declarations for imports.

It also handled goods with a total mass of 4.91 billion kilogrammes and a Cost, Insurance, and Freight value of ₦14.81 trillion.

(NAN)

Tags: Revenue
ShareTweetShareShare
Previous Post

IMF Forecasts 3% Growth for Nigeria in 2025

Next Post

FG Clarifies Role of Presidential Committee on Population, Housing Census

Related Posts

Ojudu to El-Rufai: Nigeria Needs Real Political Parties, Not Barber’s Chair Movements
News

El-Rufai Blames Judges for Eroding Public Trust in Nigeria’s Judiciary

Ebonyi Raises Newly Hired Doctors’ Wages to N500,000 Monthly
News

Ebonyi Raises Newly Hired Doctors’ Wages to N500,000 Monthly

News

Uba Sani: Why Killings in Southern Kaduna End Since I came

Next Post
FG Clarifies Role of Presidential Committee on Population, Housing Census

FG Clarifies Role of Presidential Committee on Population, Housing Census

Discussion about this post

  • Trending
  • Comments
  • Latest
Okpella Demands Fresh Community Development Agreement with BUA Cement

Okpella Demands Fresh Community Development Agreement with BUA Cement

Atiku Joins SDP as Supreme Court Rules in Anyanwu’s Favour

Atiku Joins SDP as Supreme Court Rules in Anyanwu’s Favour

Edo Community Gets New King After Six-Year Wait

Edo Community Gets New King After Six-Year Wait

There Will Be No ‘Sacred Cows’ – Edo Monarch Vows Justice for Slain Youth

There Will Be No ‘Sacred Cows’ – Edo Monarch Vows Justice for Slain Youth

El-rufai Holding On for a Better Deal?

El-rufai Holding On for a Better Deal?

Senator Natasha Slams Akpabio with N100b Defamation Suit

Senator Natasha Slams Akpabio with N100b Defamation Suit

Kaduna State Hosts Launch of Free to Shine Campaign to Combat HIV/AIDS, Syphilis, Hepatitis

A New Chapter in Nigeria-UAE Aviation Relations: Keyamo’s Masterstroke at ICAO Symposium

A New Chapter in Nigeria-UAE Aviation Relations: Keyamo’s Masterstroke at ICAO Symposium

Ojudu to El-Rufai: Nigeria Needs Real Political Parties, Not Barber’s Chair Movements

El-Rufai Blames Judges for Eroding Public Trust in Nigeria’s Judiciary

Ebonyi Raises Newly Hired Doctors’ Wages to N500,000 Monthly

Ebonyi Raises Newly Hired Doctors’ Wages to N500,000 Monthly

Uba Sani: Why Killings in Southern Kaduna End Since I came

Court Throws Out Philip Shaibu’s N50bn Lawsuit Against Obaseki, Others

Court Throws Out Philip Shaibu’s N50bn Lawsuit Against Obaseki, Others

Recent News

Ojudu to El-Rufai: Nigeria Needs Real Political Parties, Not Barber’s Chair Movements

El-Rufai Blames Judges for Eroding Public Trust in Nigeria’s Judiciary

Ebonyi Raises Newly Hired Doctors’ Wages to N500,000 Monthly

Ebonyi Raises Newly Hired Doctors’ Wages to N500,000 Monthly

Uba Sani: Why Killings in Southern Kaduna End Since I came

Court Throws Out Philip Shaibu’s N50bn Lawsuit Against Obaseki, Others

Court Throws Out Philip Shaibu’s N50bn Lawsuit Against Obaseki, Others

Spear News

The Spear News – Piercing the Truth
Delivering accurate, in-depth, and unbiased news, The Spear News is committed to uncovering the truth and keeping you informed. Stay ahead with credible journalism that cuts through the noise.

Follow Us

Browse by Category

Recent News

Ojudu to El-Rufai: Nigeria Needs Real Political Parties, Not Barber’s Chair Movements

El-Rufai Blames Judges for Eroding Public Trust in Nigeria’s Judiciary

Ebonyi Raises Newly Hired Doctors’ Wages to N500,000 Monthly

Ebonyi Raises Newly Hired Doctors’ Wages to N500,000 Monthly

Uba Sani: Why Killings in Southern Kaduna End Since I came

Court Throws Out Philip Shaibu’s N50bn Lawsuit Against Obaseki, Others

Court Throws Out Philip Shaibu’s N50bn Lawsuit Against Obaseki, Others

© 2025 The Spear News Nigeria

No Result
View All Result
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Contact Us
  • About Us
  • Privacy Policy

© 2025 The Spear News Nigeria