<< Back             Poser >> Seme Customs grows revenue by 448% in 2mths  •Says smugglers behind fuel scarcity By Providence Ayanfeoluwa & Efe Onodjae The Nigeria Customs Service, NCS, Seme Area Command, generated N9.79 billion between March 18 and May 2026, representing a 448 per cent increase compared to the N2.19 billion recorded in the corresponding period of 2025. Speaking during his first media briefing at the command, the Area Controller, Comptroller Abdullahi Kaila, attributed the increase to stronger compliance measures, improved stakeholder collaboration, anti-revenue leakage efforts, enhanced operational efficiency and deployment of the B’Odogwu Unified Customs Management System. Kaila also blamed activities of petrol smugglers for worsening fuel scarcity in parts of the country. He disclosed that coordinated patrols and surveillance operations along the Seme-Badagry corridor led to the seizure of prohibited items, including 1,000 parcels of Cannabis Sativa. He said the narcotics would be handed over to the National Drug Law Enforcement Agency, NDLEA, for further investigation. The command also intercepted unregistered pharmaceutical products, including codeine-based cough syrups and sexual enhancement drugs without approval from the National Agency for Food and Drug Administration and Control, NAFDAC. Among the seized products were cartons of Sildenafil Citrate drugs, herbal medicines, Tramaking and Tempendol. Kaila said the items would be transferred to NAFDAC for regulatory action. He reaffirmed the command’s commitment to sustaining revenue growth through institutional reforms, intelligence-driven enforcement and transparent trade procedures without hindering legitimate business activities. According to him, the Seme border remains strategic to regional trade integration under the ECOWAS Trade Liberalisation Scheme and the African Continental Free Trade Area, AfCFTA. Kaila added that the command had intensified engagement with customs agents, freight forwarders, importers, exporters and other stakeholders to improve compliance, simplify clearance procedures and support non-oil exports. Vanguard Business News	ELECTRICITY: NDPHC restores 450MW Alaoji plant By Obas Esiesesa The Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company, Engr. Jennifer Adighije has  disclosed that operations at the 450 megawatts Alaoji Open Cycle Power Plant in Abia State has been restored after it was shut down in 2023 over gas supply and metering disputes. Adighije disclosed this during […] Court grants CBN sole ownership of eNaira platform The Federal High Court sitting in Abuja, on Friday, granted the Central Bank of Nigeria (CBN) sole ownership rights to the eNaira digital currency platform. Over 41% of electricity consumers still without meters –NERC By Obas Esiedesa About 5.1 million consumers, representing about 41 per cent of Nigeria’s 12.31 million active electricity customers were without prepaid meters as of February 2026, according to data released by the Nigerian Electricity Regulatory Commission (NERC). The Commission, in its January and February 2026 metering factsheet, disclosed that only 7.21 million customers had been metered […] Nigeria’s GDP growth rises 3.89% in Q1’26 By Elizabeth Adegbesan  Nigeria’s Gross Domestic Product (GDP) rose to 3.89 per cent in the first quarter of this year, Q1’26, representing a 0.76 percentage point increase from the 3.13 per cent recorded in the same period of 2025, Q1’25. However, the GDP growth in Q1’26, represents a 0.18 percentage points decline from the 4.07 per […] Manufacturers cry out over taxes, FX costs, insecurity, poor power supply By Victor Ahiuma-Young Manufacturers under the aegis of the Association of Food, Beverage and Tobacco Employers, AFBTE, have indicated that its operating environment in Nigeria is worsening. It cited excessive taxes and levies, high interest rate, insecurity, poor infrastructure and unstable power supply as major threats to business survival. The employers warned that despite recent macroeconomic […] Seme Customs grows revenue by 448% in 2mths  •Says smugglers behind fuel scarcity By Providence Ayanfeoluwa & Efe Onodjae The Nigeria Customs Service, NCS, Seme Area Command, generated N9.79 billion between March 18 and May 2026, representing a 448 per cent increase compared to the N2.19 billion recorded in the corresponding period of 2025. Speaking during his first media briefing at the command, the […]