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Customs to replace multiple import levies with unified 4% FOB charge – CGC Adeniyi
The Comptroller-General of Customs (CGC), Adewale Adeniyi, has announced that the Nigeria Customs Service (NCS) will replace multiple import-related levies with a single 4% Free On Board (FOB) charge under a new revenue structure.
The move, aimed at streamlining charges and enhancing transparency, was revealed during a stakeholder town hall meeting held in Lagos on Monday, July 21, 2025.
According to CGC Adeniyi, the unified 4% FOB charge will eliminate the existing Comprehensive Import Supervision Scheme (CISS) and the 7% cost of collection levied on importers. He explained that once the new policy takes effect, importers will only pay the 4% charge upfront, and no additional levies will be applied.
“Once the 4% FOB takes effect, the 1% Comprehensive Import Supervision Scheme (CISS) will cease automatically. In addition, the 7% cost of collection currently charged will also be completely removed,” he explained.
“Under the new Act, the 4% FOB is paid upfront—and that’s it. Thereafter, 100% of the revenue generated by Customs will go into the Federation Account. It’s a win-win for everyone.”
Adeniyi emphasized that this change is part of broader reforms accompanying the rollout of the B’Odogwu clearance platform, a homegrown digital solution designed to enhance trade facilitation. He reassured stakeholders that the Nigeria Customs Service remains committed to a transparent and efficient implementation process.
More insights
The town hall, themed “Enhancing Trade Compliance and System Optimisation Through Stakeholder Engagement”, brought together freight forwarders, clearing agents, and trade partners.
Stakeholders welcomed the simplification of charges but also raised concerns regarding system transition delays, particularly around bank processing and documentation.
Deputy Comptroller-General in charge of ICT/Modernisation, DCG Kikelomo Adeola, highlighted the strategic importance of the engagement, describing B’Odogwu as a national project that would position Nigeria as a leader in digital customs processes—especially as the country currently chairs the World Customs Organisation (WCO).
Also speaking at the event, Saleh Ahmadu, Chairman of Trade Modernisation Project Limited (TMPL), reaffirmed the project’s commitment to investing in the right infrastructure to support seamless trade experiences.
Panel sessions during the event addressed topics such as “Overcoming Common Importer Challenges on B’Odogwu” and “Enhancing Transparency, Speed and Revenue through Full Participation.” The event also featured a robust Q&A session, allowing participants to seek clarity on operational and policy-related matters.
The rollout of the unified 4% FOB charge is expected to reduce complexity, curb arbitrary charges, and improve Nigeria’s ranking in global trade facilitation metrics.
…As Oborevwori Donates Buses To Institute
The Petroleum Training Institute (PTI), Effurun, Delta State, has expressed readiness to collaborate with the State Government on international oil and gas training programmes designed to equip youths with employable skills and drive economic growth in the state.
Speaking during a courtesy call on Governor Sheriff Oborevwori at Government House, Asaba, on Tuesday, the Principal and Chief Executive Officer of PTI, Dr. Samuel Onoji, said the Institute was committed to offering discounted and subsidised international trainings in oil and gas to enhance the employability of Delta youths.
Onoji commended Governor Oborevwori’s infrastructural drive, describing developments under his administration as unprecedented in the history of the state.
He also appreciated the Governor for reconnecting electricity to the Institute and invited the Governor to the Institute’s International Hydrocarbons and Scientific Conference scheduled for October at the PTDF Hall, Abuja.
In his remarks, Governor Oborevwori commended PTI and the Minister of Petroleum, Senator Heineken Lokpobri, for releasing 25 hectares of land to the state government, stressing that the gesture reflected their commitment to Delta’s growth and development.
“PTI is very dear to us in Delta because it opened the door for other federal government establishments to come into our state.
“We don’t take anything concerning PTI lightly. Your visit today is a demonstration of your commitment, and I assure you that this government will continue to support the Institute in all its endeavours,” the Governor said.
As part of his support, Governor Oborevwori approved the donation of a Coaster Bus and an 18-seater Hiace Bus to meet the mobility needs of staff and students of PTI.
Established in 1972, PTI is regarded as the foremost petroleum training institute in Africa, mandated to train and retrain skilled manpower for the oil and gas industry.
News
‘No More N865/Ltr’ – Dangote Releases List of Filling Stations Selling Petrol At Cheaper Rate (New Petrol Prices by States)
The Dangote Petroleum Refinery has announced a fresh reduction in petrol pump prices, offering Nigerians a much-needed relief at a time of rising living costs.
Starting from Monday, September 15, petrol will now be sold below N865 per litre at select partner filling stations across the country.
This announcement comes alongside the refinery’s new distribution model, which involves the use of Compressed Natural Gas (CNG) trucks to deliver fuel directly to stations. The approach is expected to cut down logistics costs and improve fuel availability nationwide.
New Petrol Prices by States
According to Dangote Refinery, the price adjustments will immediately take effect in several states, with plans to expand nationwide.
Lagos, Ogun, Oyo, Ondo, Osun, and Ekiti: N841 per litre (previously between N865 and N880)
Abuja, Delta, Rivers, Edo, and Kwara: N851 per litre (previously between N890 and N910)
Dangote emphasized that this is just the beginning, promising that more states will benefit from similar reductions in the coming weeks.
Partner Filling Stations Selling at New Prices
The refinery has partnered with both long-standing and newly added marketers to make cheaper petrol available to Nigerians.
Existing Partners
MRS
Heyden
Ardova (AP)
Hyde Energy
Optima
Techno Oil
TotalEnergies
New Partners
Garima Petroleum
Sunbeth Energies
Sobaz Nigeria Ltd.
Virgin Forest Energy
Sixxco Oil Ltd.
N.U. Synergy Ltd.
Soroman Nigeria Ltd.
Jezco Oil Nigeria Ltd.
Jengre
Cocean
Kifayat
Triumph
Golden Sifem Global
Riquest
Mamu Oil
Why the price drop matters
The price cut, which averages N24 lower per litre, is directly linked to Dangote’s new direct distribution strategy. By rolling out thousands of CNG-powered trucks and establishing CNG “daughter booster” stations across the country, the refinery aims to reduce dependence on middlemen, thereby slashing transportation costs that usually drive fuel prices higher.
At the moment, Dangote has taken delivery of 1,000 out of the 4,000 trucks it ordered. This investment in logistics is expected to ensure steady nationwide distribution in the months ahead.
Benefits for petrol dealers and marketers
Beyond reducing retail prices, Dangote Refinery has also extended an invitation to filling station owners across Nigeria to join its distribution network. The company is offering:
Free delivery logistics through its CNG-powered truck fleet
Access to credit facilities: Dealers who purchase 500,000 litres can obtain an additional 500,000 litres on credit for two weeks, under bank guarantee
This system is designed to support petrol dealers, manufacturers, transport operators, and other large-scale users while ensuring Nigerians pay less at the pump.
NNPC price comparison
Interestingly, the Nigerian National Petroleum Company (NNPC) Limited has also recently adjusted its pump price to N865 per litre, which remains slightly higher than Dangote’s new rates in most states.
The competition between the state-owned NNPC and the privately owned Dangote refinery may continue to shape petrol pricing in Nigeria in the coming months.
Top private secondary schools now charge fees as high as private universities.
But behind each modern campus, fancy facilities, and international programs is a story of hard work, vision, and money.
From pioneering educators to embassy-backed schools, find out who is turning expensive schooling into big business in Nigeria’s largest city.
- Greensprings School
Visionary Founder: Mrs. Lai Koiki
Starting as a small nursery in 1985, Koiki transformed Greensprings into a tri-campus British-style institution serving over 2,000 students. Today, day pupils pay about ₦3.8 million per term, while boarding spots go for around ₦7.1 million testimony to her decades-long commitment to high-quality, holistic education.
- Grange School
Nonprofit Legacy: Grange Education Limited
Launched in 1958 by British expatriates to educate children of West African Airways staff, Grange is run by a parent-and-stakeholder board. With term fees near ₦4.5 million for day students and ₦6.5 million for boarders, its nonprofit status means every naira is reinvested into campus expansion and teacher development.
- Lekki British International School
Family-Led Enterprise: The Idehen Siblings
Founded by the late Dr. Abiodun Laja in 2000, LBIS now thrives under the stewardship of her children, Francis and Christian Idehen. They uphold a rigorous UK National Curriculum for roughly 350 pupils, charging about ₦4.6 million per year for day schooling and ₦6.8 million to board.
- British International School, Lagos
Global Backing: British Schools Foundation
Part of an international network, BIS Lagos blends Cambridge and British curricula on its Lekki Peninsula campus. With termly fees climbing above ₦5 million for day scholars and ₦7.5 million for boarders, it attracts a truly cosmopolitan student body and overseas-trained faculty.
- Meadow Hall School
Educational Innovators: The Hansotia Family
Since its 2002 inception, Meadow Hall has championed inquiry-based learning across two campuses. Their upscale campus in Lekki features science labs, art studios, and green play spaces. Day students pay around ₦4 million per term; boarders hover near ₦7 million.
- Atlantic Hall
Alumni-Driven Council: Former Students & Parents
Atlantic Hall established in 1989 operates under a vibrant alumni and parent board committed to continuous improvement. Known for its A-Level program and expansive sports facilities, it charges close to ₦3.9 million per term for day pupils and ₦6.3 million for boarders.
- Corona Day Secondary School, Lekki
Heritage Brand: Corona Schools
With roots stretching back to the 1950s, Corona remains a household name. The Lekki branch offers the Nigerian curriculum alongside international enrichment programs. Fees are roughly ₦3.7 million per term for day students; boarding isn’t offered here, keeping costs slightly lower.
- Lycée Français Louis Pasteur
Diplomatic Mission: French Embassy
Operated by France’s Ministry of Foreign Affairs, this school delivers the French national curriculum from primary through lycée. Its bilingual immersion and international accreditation command term fees of about ₦5 million reflecting its elite pedigree and embassy support.
- Charterhouse Lagos
Tech-Minded Founders: The Petkauskas Family
Charterhouse, birthed in 2000, has built a reputation for coding and robotics labs alongside classical academics. Day scholars invest roughly ₦4.2 million per term; boarding which includes weekend hackathons runs nearly ₦6.7 million.
- American International School of Lagos
Consortium Ownership: American and Local Partners
AISL, part of a global network, follows an American curriculum with Advanced Placement options. Situated in Victoria Island, it caters to expatriate and Nigerian families, charging around ₦5.2 million per term for day schooling and ₦7.8 million for its residential program.
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Wike’s Spokesperson Olayinka Shares Update Amid Reports FCT Minister Travelled to UK For Medical Attention
A report by Sahara Reporters widely shared on internet claimed that FCT minister Nyesom Wike was diagnosed with congestive heart failure
The online news platform said sources privy to the minister’s health status informed it that Wike has been diagnosed with congestive heart failure and is currently under medical management in the UK.
However, checks by Legit.ng showed that no other reputable platforms have the report
Wike’s absence from public appearances sparked bizarre rumours online, with several netizens commenting that he might be out of Nigeria for medical reasons.
Amid the anxiety over Wike’s whereabouts, Olayinka posted on his verified X (formerly Twitter) page:
Lere Olayinka, senior special assistant on public communication and social media to Nyesom Wike, on Sunday, September 14, disclosed that his principal will be on a popular political show on Thursday, September 18, 2025.
FCT Minister, Nyesom Wike, will be on Channels Television’s Politics Today on Thursday, September 18, 2025, from 7PM to 8:30PM. pic.twitter.com/pnWMxBDVZY
— Lere Olayinka – Aresa 1 (@OlayinkaLere) September 14, 2025
News
2027 Election: “Tell Tinubu This”, – Primate Ayodele Sends Strong Warning To Tinubu In New Prophecy
Prophet Ayodele has consistently been in the news week in, week out. It is either he is releasing a fresh prophecy that’s gaining traction or a previous prohecy has just come to fulfilment and people are talking about it.
In a statement signed by his media aide, Osho Oluwatosin, Primate Ayodele stated that the present administration is full of wrong advisers who are pushing for irrelevant policies, and making good advisers enemies of the president.
The prophet warned the president against making good advisers his enemies, as it will lead to the end of his government if care isn’t taken.
“Tinubu’s administration is full of wrong advisers; they are turning him against his good advisers, and he will make them his enemies. He is creating enemies, and those whom he thinks love him would be his worst enemies.
“There are lots of irrelevant policies they are using to kill Tinubu’s government; these are policies that will build up massive protests against the government and division. He should do the needful; there are several irrelevant policies already, but the focus ought to be on what will make people happy. “
Primate Ayodele mentioned some things the president should focus on, and they include development and surplus for the people. He stated that road construction is good, but it’s not enough for the people.
He commended the president for his efforts on insecurity but urged him to do more.
“Tinubu should focus on development, on how to create surplus for the people. Road construction is good, but it’s not the only thing people need; he needs to look into other areas.
“On insecurity, he is doing well, but he should do more, activate forest security in order to end kidnapping. He should increase the salaries of national assembly members because it will turn the nation into chaos. He should also eradicate darkness, and not add more tariffs and taxes to basic things in the country.”
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for yesterday 13th September, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1520 and sell at N1550 yesterday 13th September 2025, according to sources at Bureau De Change (BDC). …CLICK LINK TO CONTINUE READING
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