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The United States has added South Korea to its “monitoring list” of major trading partners whose currency practices call for closer attention, according to a Treasury Department report released Thursday. The semi-annual report looks into countries with large trade surpluses with respect to the United States that also actively intervene in foreign exchange markets to
The Ogun II Area Command of the Nigeria Customs Service, NCS, says it has generated over 4bn as revenue for the month of January 2025. The figure represents a significant increase of 104% compared to the corresponding period last year. The Customs Area Controller, Olusola Alade, disclosed this on Thursday during a press conference held
Ogun Customs generate over 4bn in January, discovers four unauthorized companies
The Ogun II Area Command of the Nigeria Customs Service, NCS, says it has generated over 4bn as revenue for the month of January 2025.
The figure represents a significant increase of 104% compared to the corresponding period last year.
The Customs Area Controller, Olusola Alade, disclosed this on Thursday during a press conference held in Abeokuta, Ogun State capital.
Alade added that the command also discovered four unauthorized factories operating without proper license and permits in Ota axis of the state.
The factories are, Evita Moore, Lekan Industries, Scarlet Eagle Ltd and IBK Ventures.
The Area controller maintained that the attainment is an evidence of the commands commitment to the growth of the national economy.
Alade while praising the officers for their diligence, professionalism and dedication in ensuring that revenue target given to the command are met and exceeded, appreciated the Comptroller General of Customs Bashir Adeniyi and the Nigeria Customs Service management team for their unflinching support.
His words, “ It may interest you to know that the command generated, the sum of four billion, three hundred and thirty-five million, three hundred, twenty-three thousand and fifty-three kobo 4,000,335,323.53kb as revenue for the month of January, 2025.
“This can be compared to two billion, one hundred and thirty-five million, two hundred and seventy-six thousand, six hundred- and seventy-six-naira, eighty-six kobo N2,135,276.673.86kb generated in the corresponding period of last year, 2024. There is a differential of N1,865,058,649.67 which is a significant increase of 104%.
“This is to say that the command generates the total sum of Thirty-two billion four hundred and sixty-one million, four hundred and fifty-eight thousand, eight hundred and fifty-eight naira and fifty-nine kobo (N 32,461,458,858.59kb) Last year.
“And recently the Command discovered about Four (4) unauthorized factories operating without proper license and permits but the Command took necessary action and brought them under excise control, and they are in different stages of registration” he added.
Alade assured that the command will continue to dialogue, engage and educate stakeholders and local business communities, soliciting the cooperation of various factories with their timely payment of appropriate exercise duties and other charges payable.
Ogun Customs generate over 4bn in January, discovers four unauthorized companies
Former President Olusegun Obasanjo on Saturday hosted former Kano State Governor, Rabiu Kwankwaso, and former Cross River State Governor, Donald Duke, in Abeokuta, Ogun State. Kwankwaso, who was the New Nigeria People’s Party presidential candidate in the 2023 election, disclosed this in a post on his X account later that night. The meeting took place
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Former President Olusegun Obasanjo on Saturday hosted former Kano State Governor, Rabiu Kwankwaso, and former Cross River State Governor, Donald Duke, in Abeokuta, Ogun State. Kwankwaso, who was the New Nigeria People’s Party presidential candidate in the 2023 election, disclosed this in a post on his X account later that night. The meeting took place
The Minister of Environment, Balarabe Lawal, has stated that the Agro-Climatic Resilience in Semi-Arid Landscapes project is crucial in addressing land degradation, food insecurity, among others. Lawal spoke on Thursday in Abuja at the Endorsement and Validation of the First Phase of the Developed Strategic Catchment Management Plan by ACReSAL stakeholders. ACReSAL is a World
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The Minister of Environment, Balarabe Lawal, has stated that the Agro-Climatic Resilience in Semi-Arid Landscapes project is crucial in addressing land degradation, food insecurity, among others. Lawal spoke on Thursday in Abuja at the Endorsement and Validation of the First Phase of the Developed Strategic Catchment Management Plan by ACReSAL stakeholders. ACReSAL is a World
