Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Nigerian Exchange Heads South, Equities Investors Lose N613bn

    August 13, 2026

    XRP at Tired Trend, Buyers and Sellers Out of Actions

    August 13, 2026

    NAICOM Confirms 7 Additional Insurance Companies for Recapitalisation

    August 13, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Nigerian Exchange Heads South, Equities Investors Lose N613bn
    • XRP at Tired Trend, Buyers and Sellers Out of Actions
    • NAICOM Confirms 7 Additional Insurance Companies for Recapitalisation
    • Iran: No Progress on Deal with U.S. to Reopen Strait of Hormuz
    • Crude Oil Prices Drop as Demand, Supply Concerns Ease
    • European, US Markets Diverge as Inflation Data Shapes Rate Expectations
    • SEC Sets 5 p.m. T+1 Settlement Deadline
    • XRP Struggles as Exploit Overhang Keeps Price Far from Target
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Thursday, August 13
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketNews » Nigeria Customs Generates N249b Within 5 Months in Rivers

    Nigeria Customs Generates N249b Within 5 Months in Rivers

    Marketforces AfricaBy Marketforces AfricaJune 21, 2024Updated:June 21, 2024 MarketNews No Comments2 Mins Read
    Nigeria Customs Generates N249b Within 5 Months in Rivers
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Nigeria Customs Generates N249b Within 5 Months in Rivers

    The Nigeria Customs Service, Area 2 Command, Onne in Rivers, said it has generated more than N249 billion as at May, 2024 representing 40.3 per cent of its current annual revenue target.

    Comptroller of the command, Muhammed Babandede, made the disclosure while briefing newsmen at Onne. According to him, the 40.3 per cent revenue record followed a recent review of the command’s annual revenue target from N494 billion to N618 billion.

    The comptroller noted that when compared to the same period in 2023, the command had recorded an increase of more than N153 billion. He also said that six containers laden with codeine, contraband drugs and goods valued at more than N3 billion were also confiscated within the period under review.

    He said that the seizures included four containers laden with bales of clothing, lace and fabrics with a Duty Paid Value (DPV) of more than N911 million. Others, the controller said, were two containers laden with 2,625 cartons of codeine syrup among other contraband valued at more than N2 billion.

    Babandede commended the National Drug Law Enforcement Agency (NDLEA) for inter-agency collaboration while also assuring adequate handover of seizures.

    He also emphasised that the command would not relent on its core function of trade facilitation which entailed streamlined and simplified technical and legal procedures for clearing import or export goods.

    On the operations of bonded terminals, the comptroller explained that the final destination for clearing of consignment was at the importer’s discretion. These procedures are guide which all Customs officers must adhere to.

    “This negates the erroneous belief that officers of the Onne command connive with operators of Bonded Terminals to transfer containers,” he said. FMBN Inaugurates Task Teams for Loan Recovery Nationwide

    Banks CBN Central Bank of Nigeria FGN Investors Nigeria Nigerian Stock Exchange
    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

    Nigerian Exchange Heads South, Equities Investors Lose N613bn

    XRP at Tired Trend, Buyers and Sellers Out of Actions

    NAICOM Confirms 7 Additional Insurance Companies for Recapitalisation

    Iran: No Progress on Deal with U.S. to Reopen Strait of Hormuz

    Crude Oil Prices Drop as Demand, Supply Concerns Ease

    European, US Markets Diverge as Inflation Data Shapes Rate Expectations

    Add A Comment

    Comments are closed.

    Editors Picks

    Nigerian Exchange Heads South, Equities Investors Lose N613bn

    August 13, 2026

    XRP at Tired Trend, Buyers and Sellers Out of Actions

    August 13, 2026

    NAICOM Confirms 7 Additional Insurance Companies for Recapitalisation

    August 13, 2026

    Iran: No Progress on Deal with U.S. to Reopen Strait of Hormuz

    August 13, 2026

    Crude Oil Prices Drop as Demand, Supply Concerns Ease

    August 13, 2026
    Latest Posts

    Nigerian Exchange Heads South, Equities Investors Lose N613bn

    August 13, 2026

    XRP at Tired Trend, Buyers and Sellers Out of Actions

    August 13, 2026

    NAICOM Confirms 7 Additional Insurance Companies for Recapitalisation

    August 13, 2026

    Iran: No Progress on Deal with U.S. to Reopen Strait of Hormuz

    August 13, 2026

    Crude Oil Prices Drop as Demand, Supply Concerns Ease

    August 13, 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.