General News
SNFFIEC Utters Discontent with Customs Benchmark

The self imposed revenue target for year 2012 by the Nigeria Customs Service running in trillions of naira has continued to pitch it against stakeholders in the sector. Nigeria CommunicationsWeek gathered that the agents under the auspices of Save Nigeria Freight Forwarders Importers and Exporters Coalition (SNFFIEC) are dissatisfied with the adopted benchmark measures by the customs to reach the target. They rated the procedure as capable of undermining the nation’s law on valuation. Although, Alhaji Abdullahi Dikko, the comptroller general of customs (CGC), had a stakeholders parley recently declared that the three core areas of revenue drive, smuggling and participation on international trade mount daunting tasks on the Service, however, other key players in the industry are crying foul on the manner the targets were being pursued. In a statement made available to Nigeria CommunicationsWeek and endorsed by Chukwumalu Emeka, the national secretary, Save Nigeria Freight Forwarders Importers and Exporters Coalition (SNFFIEC) said the current Nigeria Customs Service initiative of Bench Mark Valuation (BMV) is discriminatory and arbitrary as it applies to only 26 items of imported goods. “Nigeria Cusatoms Service cannot justify the introduction of bench mark valuation with the excuse that by so doing 48 hour clearance time line policy will be met.,” the statement read. The body alleged that the real reason for the bench mark initiative was the anxiety of the NSC to meet its Two Trillion Naira (N2t) revenue target for 2012. “SNIFFIEC is saying that if the imperative of meeting revenue target should not undermine our national law on valuation, then it is advised that the Nigerian government should declare a state of emergency on our national revenue which will effectively suspend all law on rates, taxes and levies. “The management of the Nigerian Customs Service is aware that it is introducing an illegal regime that is why it has scaled down the amount it imposed on its BMV on some items from its earlier announced value of N12.5 million per 40ft container to N10 million per 40ft container while at the same spreading the reduction over an alleged list of 26 items from the earlier list of 11 items. “The result of continued imposition of BMV is that importers will abandone their goods in the ports,” he decried. In a swift response, Alhaji Abdullahi Dikko, the CGC denied the alleged imposition of Bench Mark Valuation (BMV) on importers, expressing that the Service only issued Bench Mark on Cargoes. “The issue of bench mark was misunderstood. And many agents in the maritime sector are mischievous, thereby circulating false information to the people. Some have even petitioned President Jonathan. “We must withstand paying lip service to the authorities. The maritime industry is a big family that needs the assistance of all stakeholders to move on. For instance, we have the challenges of revenue generation, smuggling and participation in international trade; so, running after containers means that something is either wrong with the Customs operations or that the stakeholders have failed. Dikko affirmed that the Service introduced the Bench Mark on Cargoes (BMoC) to ensure that businesses thrive, while importers pay the necessary duties. Against that backdrop, the management of customs has introduced an incentive that any importer whose clarifications, declarations and duties payment are up standard five consecutive times will be rewarded.
General News
NRS Debunks Viral Claim of New Tax on Vehicle

Nigeria Revenue Service (NRS) has denied reports that the federal government has introduced a new tax on vehicles.

The clarification follows the circulation of a viral message online claiming that all vehicle owners would be required to start paying a new tax from July 1, 2026.
In a statement released on Sunday, the NRS said the information in the message is false and did not come from the agency or any official government institution.Nigeria Travel Guides
According to Dare Adekanmbi, spokesperson for the NRS, the viral message was designed to mislead the public. He explained that it was made to look genuine by using official government logos and formatting.
The message reportedly instructed owners of private, commercial, and corporate vehicles to pay an unspecified fee either online or through approved banks and agencies. It also included a website that was wrongly presented as an official government platform.
Adekanmbi stressed that the website mentioned is not connected to the government and warned Nigerians not to make any payments based on such information.
He said the NRS has not introduced any new vehicle tax and that any official policy or tax change would be properly announced through verified government channels.
The agency urged citizens to ignore the fake message and avoid falling victim to possible fraud. It also advised Nigerians to always confirm such information through trusted and official sources before taking any action.
The NRS further encouraged the public to follow its official communication platforms to stay informed about genuine tax policies, updates, and government directives.
General News
NCC to Intensify Crackdown on Illicit Network to Protect Copyrights

National Copyright Commission (NCC) has reaffirmed that piracy remains a major threat to the nation’s creative economy, vowing to intensify its nationwide crackdown on illicit networks to protect intellectual property.

Pic credit…soundcloud.com
Dr. John Asein, director-general of the NCC, disclosed this in a statement to mark the 2026 World Book and Copyright Day.
The commission noted that piracy remains a major threat, undermining legitimate enterprise and eroding the economic value of creative works.
Asein lamented that inadequate distribution systems and limited access to books also constrain the growth of readership.
He described the event as an important occasion, which showcased the enduring value of books as foundations of knowledge, instruments of cultural preservation, and drivers of national development.
He described the theme for this year’s celebration, ‘Read Books, Respect Copyright,’ as a call on Nigerians to embrace reading as a lifelong habit, while recognising that respect for copyright is essential to sustaining creativity and rewarding authors.
The commission noted that Nigeria’s book industry has evolved significantly, from the post-independence emergence of indigenous publishing to today’s digitally driven ecosystem.
“Nigerian authors continue to gain global recognition, while publishers are expanding capacity. However, challenges persist,” he said.
The commission commended the National Intellectual Property Policy and Strategy, describing it as a bold step toward repositioning intellectual property as a driver of economic transformation.
The policy, according to him, provides a roadmap for revamping the book sector for the benefit of authors and publishers, and is accessible at ippolicy.ng.
The NCC also reaffirmed its commitment to inclusive access through the Marrakesh Treaty, as reflected in the Copyright Act, 2022, enabling accessible formats such as Braille and audio texts.
It urged Nigerians to respect copyright and purchase books only from authorised sources.
General News
Fusewall Holdings Acquires 100% Stake in Coloplus, Expands Telecom Infrastructure Footprint

Fusewall Holdings, founded by Azeez Amida, has announced the acquisition of a 100 percent equity stake in Coloplus Worldwide Service Limited, in a move aimed at strengthening its position in Nigeria’s telecommunications infrastructure space.

Fusewall Holdings
The deal marks a significant milestone in Fusewall’s broader strategy to build an integrated and future-ready platform across key sectors, particularly within the country’s fast-evolving digital economy.
The transaction was led by Amida, whose role in structuring and executing the deal was described as pivotal. According to the company, his leadership helped align stakeholders and navigate complex negotiations to ensure a successful close while positioning the business for long-term growth.
A spokesperson for Fusewall Holdings said the acquisition represents “a deliberate step forward” in the company’s expansion strategy, noting that the focus remains on building platforms that combine operational efficiency, resilience, and scale.
Coloplus brings a substantial operational footprint to the deal, including access to about 900 partner locations and roughly 20 owned sites. This combination of reach and infrastructure control is expected to give Fusewall a strategic advantage as it scales operations nationwide.
Fusewall said it plans to deploy capital, strengthen governance structures, and enhance operational execution as part of the integration process. The move is expected to improve service delivery, boost infrastructure reliability, and support expansion into underserved and high-demand areas.
The acquisition also aligns with the company’s broader ambition to help bridge Nigeria’s telecommunications infrastructure gap by expanding connectivity, improving network resilience, and advancing digital inclusion.
Fusewall Holdings said the deal reflects its commitment to disciplined execution and long-term value creation as it continues to grow its footprint in Nigeria’s digital ecosystem.
Telecom2 days agoNCC Blames Growing Data Demand Network Quality Issues
E-Financial2 days agoBank Customers to Pay N1,500 for ATM Card Issuance, Replacement – CBN
E-Financial2 days agoATM Card Fees Jump to ₦1,500 as CBN Scraps Maintenance Charges
E-Business2 days agoKaspersky Discovers Vulnerability in Qualcomm Snapdragon Chips that can Lead to Data Loss & Device Compromise
News2 days agoCADEF, Stakeholders Push for Zero Added Sugar Standards in Infant Foods
E-Financial2 days agoProvidusBank Launches Ado-Ekiti Branch, Eyes Nationwide Rollout
Telecom2 days agoHow Nigerians Are Secretly Using AI to Master Creative Skills Fast
General News2 days agoSummit Factory Opens in Ogun, Targets Hygiene Market Expansion













