-
‘FG Losing N2bn Monthly Over Import Fraud’
The Transparency Network Group has said the federal government may be losing at least N2 billion monthly due to wrong declaration, under the declaration of goods by importers and other fraudulent practices at the port. According to a statement issued in Abuja, the civil society noted that returning the Standards Organization of Nigeria to the…
-
Cargo Value Increased In Three Months
The value of cargo throughput recorded by the different seaports in Nigeria increased in the first quarter of 2021. This is from N4.44 trillion in the first quarter 2020 to N6.85 trillion in the same period in 2021. According to the release by the National Bureau of Statistics (NBS) on trade between Nigeria and foreign…
-
Nigeria Loses N800b Monthly To Poor Port Operation
The President Shippers Association of Lagos, Jonathan Nicole, has said Nigeria loses over N800 billion monthly due to lack of 24-hour seaport operation – about N9.6 trillion lost in a year. According to Nicole, the Nigerian Customs Service (NCS) generated almost N26 billion daily in the past from seaports but, “the figure has dropped because…