Oil
Customs seize ₦79m PMS, foreign rice in Adamawa
CEII brief
Punch reported on 23 Oct 2026: Customs seize ₦79m PMS, foreign rice in Adamawa.
Read the full story on PunchThe Nigeria Customs Service in Adamawa has seized smuggled Premium Motor Spirit, foreign rice, and other items with a total Duty Paid Value of ₦79.86m.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Original reporting © Punch. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
