KLT Customs grows revenue to N44.3b in 2022 despite challenges In spite of certain inhibitors that slowed down business activities at Kirikiri Lighter Terminal Customs command of the Nigeria Customs Service, the command was able to shore up its revenue to N44.36 billion in 2022. This feat represents 21 per cent increase when compared to […]
Volume of PoS transactions fall by 2% Volume of Point of Sales (PoS) transactions fell Month-on-Month (MoM) by two per cent to 85.2 million in December 2022 from 86.7 million in November, 2022. However, the value of PoS transactions rose MoM by 8.8 per cent to N826.3 billion in December from N759.28 billion in November […]
Ogun II Customs command records N22.7b revenue in 2022 The Acting Customs Area Controller, Ogun 11 Customs Command of Nigeria Customs Service, Deputy Compt. Ahmadu Shuaibu has disclosed that the command generated a total revenue of twenty-two billion, seventeen million, one hundred and twenty-three thousand and eight hundred and thirty-six, thirty-two kobo (N22,017,123,836.32) between January […]
CGC Strike Force seizes N516m truck of Cannabis …Records N9bn seizures in 2022 The Comptroller General Customs Strike Force Team, Zone A, Lagos has announced the seizure of a truck load of Cannabis with a duty paid value of of five hundred and sixteen million, six hundred thousand naira (N516,600,000). The Team also seized various […]
The Comptroller General Customs Strike Force Team, Zone A, Lagos has announced the seizure of a truck load of Cannabis with a duty paid value of of five hundred and sixteen million, six hundred thousand naira (N516,600,000). The Team also seized various goods with a total duty paid value of nine billion, one hundred and […]
Airtel buys 5G Spectrum for $317m Airtel Africa PLC on Monday announced that its Nigerian subsidiary, Airtel Networks Ltd, has purchased additional spectrum for network expansion in Africa valued at $316.7million. Airtel Africa is a London-based, Africa-focused telecommunications company. Its subsidiary, Airtel Nigeria, purchased 100 megahertz of spectrum in the 3,500 megahertz band from the […]
Internet shutdowns: Sub-Saharan Africa lost $261m in 2022 Losses worth $261 million from 9,532 hours of internet shutdowns that affected 132.2 million people were were recorded by Sub-Saharan Africa. Out of the 23 countries across the world that the report evaluated, Africa had Ethiopia, Nigeria, Sudan, Burkina Faso, Algeria, Zimbabwe, Sierra Leone and Somaliland. Internet […]
…Rakes in N242bn in 2022 The Nigeria Customs Service, Area II Command, Onne Port, Rivers State experienced a surge in its revenue in 2022 by 28.3 per cent when compared with its 2021 revenue generation. The command generated a total revenue of Two hundred and Forty-Two billion, Ninety million, Six hundred and Twenty-Nine thousand, Three […]
AfCFTA will stimulate intra- African trade …Grows Nigeria’s export to Africa by 15 Percent – Buhari President Muhammadu Buhari has stressed that the implementation of the African Continental Free Trade Agreement (AfCFTA) will stimulate intra-African trade, saying that the more ambitious the trade liberalization is, the greater the expansion of Nigerian exports to its African […]
Media colloquium for Late Otunba Folarin holds this Thursday Media Friends of Late Otunba Kunle Folarin in collaboration with the Nigerian Ports Consultative Council, (NPCC) will hold a One-Day Colloquium in honour of the late maritime sage, Otunba Kunle Folarin on Thursday, January 19, 2023. Captains of industry, dignitaries, friends, maritime journalists, associates and family […]