Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Seplat, FirstHoldco Boost Stock Market Cap, Investors Gain N1.38tn

    August 28, 2026

    NAHCO’s Air France-KLM Mandate Opens Higher-Value Growth Chapter

    August 28, 2026

    XRP Price Slumps by 5% on Fed Hawkish Comment Reactions

    August 28, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Seplat, FirstHoldco Boost Stock Market Cap, Investors Gain N1.38tn
    • NAHCO’s Air France-KLM Mandate Opens Higher-Value Growth Chapter
    • XRP Price Slumps by 5% on Fed Hawkish Comment Reactions
    • FTSE Russell Upgrades Nigeria to Frontier Market Status
    • GCR Upgrades Coronation Merchant Bank Ratings to BBB+/A2
    • Alibaba Tokenized bStocks Dips by 2% on Thin Transactions
    • Crude Oil Prices Decline as Supply Outlook Improves
    • Huge Funds Chase Nigerian OMO Bills in Search for 21% True Yield
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, August 29
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Customs Generates N118bn, Seizes N1bn Contraband in Onne

    Customs Generates N118bn, Seizes N1bn Contraband in Onne

    Marketforces AfricaBy Marketforces AfricaJuly 20, 2023 News No Comments2 Mins Read
    Customs Generates N118bn, Seizes N1bn Contraband in Onne
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Customs Generates N118bn, Seizes N1bn Contraband in Onne

    The Nigeria Customs Service (NCS), Port Harcourt Area 11, Onne Command, said it generated more than N118 billion in the first half of the 2023 fiscal year. Comptroller Imam Baba disclosed this in a statement signed by the Command Public Relations Officer, Spt. Benjamin Lomba, and made available to newsmen on Thursday in Port Harcourt.

    According to the statement, the command also intercepted 32 containers of contraband worth more than N1 billion during the period under review. The comptroller noted that his administration had so far made remarkable efforts by ensuring that all revenue leakages and smuggling activities were efficiently tackled.

    He also said that the result led to successful seizure of 32 containers with a Duty Paid Value of more than ₦1.1 billion Breakdown on record of seizures included Pharmaceuticals/Medicaments and fireworks with Duty Paid Value of N139.8 million. Others are vegetable oil with Duty Paid Value of N833.1 million, plastic with Duty Paid Value of N6.6 million, textiles with Duty Paid Value of N3.6 million.

    “In June, the command seized drugs in one of the bonded terminals, the drugs have since been handed over to the National Drug Law Enforcement Agency (NDLEA) in line with the memorandum of understanding between the NCS and NDLEA.

    “It is important to inform the public that one of the core functions of customs is trade facilitation which promotes streamlined and simplified technical and legal procedure for import and export goods,” the comptroller said. #Customs Generates N118bn, Seizes N1bn Contraband in Onne Nigerian Treasury Bills Yield Rises to 7%

    Customs Onne
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Seplat, FirstHoldco Boost Stock Market Cap, Investors Gain N1.38tn

    NAHCO’s Air France-KLM Mandate Opens Higher-Value Growth Chapter

    XRP Price Slumps by 5% on Fed Hawkish Comment Reactions

    FTSE Russell Upgrades Nigeria to Frontier Market Status

    GCR Upgrades Coronation Merchant Bank Ratings to BBB+/A2

    Alibaba Tokenized bStocks Dips by 2% on Thin Transactions

    Add A Comment

    Comments are closed.

    Editors Picks

    Seplat, FirstHoldco Boost Stock Market Cap, Investors Gain N1.38tn

    August 28, 2026

    NAHCO’s Air France-KLM Mandate Opens Higher-Value Growth Chapter

    August 28, 2026

    XRP Price Slumps by 5% on Fed Hawkish Comment Reactions

    August 28, 2026

    FTSE Russell Upgrades Nigeria to Frontier Market Status

    August 28, 2026

    GCR Upgrades Coronation Merchant Bank Ratings to BBB+/A2

    August 28, 2026
    Latest Posts

    Seplat, FirstHoldco Boost Stock Market Cap, Investors Gain N1.38tn

    August 28, 2026

    NAHCO’s Air France-KLM Mandate Opens Higher-Value Growth Chapter

    August 28, 2026

    XRP Price Slumps by 5% on Fed Hawkish Comment Reactions

    August 28, 2026

    FTSE Russell Upgrades Nigeria to Frontier Market Status

    August 28, 2026

    GCR Upgrades Coronation Merchant Bank Ratings to BBB+/A2

    August 28, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.