logoBC
Yaoundé - 28 March 2024 -
Economy

Cameroon: Slowdown in Nigeria's vehicle imports drives down customs revenue in the northern region

Cameroon: Slowdown in Nigeria's vehicle imports drives down customs revenue in the northern region
  • Comments   -   Wednesday, 08 April 2020 09:54

(Business in Cameroon) - In Q1-2020, the customs authority of the northern region achieved 120% of its revenue collection target, Séraphin Bello, head of that customs district, said to the government daily Cameroon Tribune.

The official, however, foresees difficulties this month of April 2020, because of the restrictions imposed to curb the spread of the coronavirus pandemic.

He indicates that the closure of borders with Nigeria, in Gaschiga, will have a negative impact on the customs revenues in the Northern region.  

"In Gaschiga, for instance, vehicle clearance accounted for 65% of revenues. The figure has fallen by 10%," Seraphin Bello says.

BRM

mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...
cameroon-s-brewer-sabc-surpasses-decade-s-average-annual-investment-in-2023
Cameroon’s brewing company SABC, a local subsidiary of the Castel Group, claimed a cumulative investment of CFA313 billion over the past decade, as...
cameroon-sabc-s-turnover-falls-by-cfa4bn-yoy-in-2023-despite-increase-in-sales
Cameroonian brewing company SABC announced it has wrapped up 2023 with a turnover of around 729 billion FCFA, slightly down by CFA4 billion compared to...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »