• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Business

Trade: Apapa generates N676 billion between January and August

William Ukpe by William Ukpe
September 12, 2023
in Business, Business News
Apapa port
Share on FacebookShare on TwitterShare on Linkedin

The Federal Government revealed it generated the sum of  N676 billion from the Apapa port between January and August 2023.

This was disclosed by the Assistant Comptroller General of Customs, Auwal Mohammed, during the handing over ceremony to Comptroller Babajide Jaiyeoba, the newly deployed Customs Area Controller in Lagos.

He revealed that the Command recorded it its highest monthly and daily revenue in August 2023.

RelatedStories

NDLEA

NDLEA seizes 14 containers of illicit substances at Apapa port in one year

June 27, 2025
Funso Doherty drags FG, BPP and Hitech to court over alleged illegalities in Lagos-Calabar Coastal Highway contract

Lagos-Calabar Coastal Highway Phase 1 section set for May 2025 completion, 5-10 years tolling to follow 

September 27, 2024

Revenue

Mohammed said the feat was achieved through Teamwork, diligence and zero compromise, adding it  assisted in several revenue and other operational successes that the command recorded under his watch as revenue hit N676 billion for the period, adding:

  • “Apapa command collected its highest monthly and daily revenue in August 2023.
  • “A total of N136 billion was collected as monthly revenue in August while N10 billion was collected on Aug. 3, being the highest monthly and daily collections in the history of the Nigeria Customs Service.”

Mohammed, urged the officers to continually prevent the smuggling or importation of prohibited items., citing that the port is critical to the economy and national security so import and export prohibition lists should be adhered to at all times.

Guidelines

On the hanging over, he also advised importers and their agents to keep abreast with federal government guidelines on items that require end-user certificates to ensure compliance and due diligence before embarking on importation.

On the progress made so far with service delivery, he added Nigeria’s Integrated Customs Information System (NICIS ll) depends on a true and proper declaration to work well, urging that acts like false declarations account for most delays traders go through in the port.

  • “The deployment of scanner had improved operations at the port as an average of 120 containers are scanned daily as against 50 hitherto that were being examined at the earlier stage

Exporters were also advised to take advantage of the Domestic Export Warehouse (DEW) which is an initiative by the government that enables cargo to seamlessly access the port and be loaded into vessels without going through multiple checks and reopening of containers.

In case you missed it

Nariametrics reported last week that the Customs Service (NCS) announced it deactivated some authorized dealer banks that failed to meet Service-Level Agreements (SLAs) related to Customs Duty and statutory charge remittances.

The  Comptroller General of NCS, Adewale Adeniyi revealed that this decision follows a thorough audit and due process, aligning with the NCS’s commitment to upholding transparency and accountability.

Deactivation

The statement read that the Acting Comptroller General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi MFR, has taken decisive action in response to selected Authorized Dealer Banks failing to meet Service-Level Agreements (SLAs) related to Customs Duty and statutory charge remittances.

  • “This decision follows a thorough audit and due process, aligning with the NCS’s commitment to upholding transparency, accountability, and efficiency in revenue collection. The primary objective is to ensure the accurate and timely remittance of Customs duties and other essential funds for national development.

Follow us for Breaking News and Market Intelligence.
Tags: Apapa Port
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

NDLEA
Health

NDLEA seizes 14 containers of illicit substances at Apapa port in one year

June 27, 2025
Funso Doherty drags FG, BPP and Hitech to court over alleged illegalities in Lagos-Calabar Coastal Highway contract
Real Estate and Construction

Lagos-Calabar Coastal Highway Phase 1 section set for May 2025 completion, 5-10 years tolling to follow 

September 27, 2024
FX rate for customs import duties rises again by N37 
Health

Nigeria Customs seizes N1.8 billion worth of pharmaceuticals at Apapa Port 

August 15, 2024
Lagos-Kano railway
Business News

Freight services resume on Lagos-Kano narrow gauge railway

June 6, 2024
Tincan Port
Business News

NPA announces breakthrough in clearing decade-long gridlock at Mile 2-TinCan-Apapa corridor

May 14, 2024
Nigerian Custom service
Business

Nigeria Customs Service records N498 billion in revenue in March 2024

April 29, 2024
Next Post
AfDB, AI

AfDB urges African leaders to prioritize food systems, sovereignty

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Palmpay

first bank








DUNS

Recent News

  • Oyebanji dissolves Executive Council, spares key commissioners and two Special Advisers in Ekiti 
  • STANBIC tops gainers as All-Share Index firms above 145,000; market cap hits N92.3 trillion 
  • Police extend tinted glass permit enforcement to October 2

Follow us on social media:

Recent News

Ekiti State disburses over N1 billion as running grants to schools, special education centres

Oyebanji dissolves Executive Council, spares key commissioners and two Special Advisers in Ekiti 

August 11, 2025
Shares of Stanbic IBTC soar in July as year-to-date gain tops 71%; on positive events 

STANBIC tops gainers as All-Share Index firms above 145,000; market cap hits N92.3 trillion 

August 11, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics