FG Rakes in N12trn from Oil Royalties as Naira Depreciates   The Federal Government’s earnings from oil royalties and others ballooned from about N4tn to N12tn following the devaluation of the naira. This represents a 200 per cent jump in earnings to the government through its...

Tax Reforms Not Just About Revenue, Says Presidential Aide   The tax reforms driven by President Bola Tinubu are focused on empowering, supporting and building a better economic future for young Nigerians to thrive, the Senior Special Assistant to the President on Citizenship and Leadership, Ms...

TinCan Customs Generates N145bn from Lagos Port in April    The Tincan Island Port Command of the Nigeria Customs Service (NCS) has enhanced trade facilitation, as the level of compliance at the seaport has increased drastically. Already, Controller of the Command, Comptroller Frank Onyeka, said the command...

FIRS, NGF Partner to Enhance Economic Growth, Boost Revenue   As part of the efforts to boost revenue and economic growth across the federation, the Federal Inland Revenue Service (FIRS) and the Nigerian Governors’ Forum (NGF) are partnering to improve on policy harmonisation and capacity building...

Nigeria's Telecom Industry Records $7.6bn Revenue in 2024   According to a report by PwC, Nigeria's telecommunications sector experienced substantial growth in 2024, with mobile service revenue totaling $7.6 billion. The report also showed that the global telecommunications industry is projected to generate $1.3 trillion in total...

Bird Strikes Cost Domestic Airlines N3bn Revenue Loss Annually   Recent flight disruptions on domestic routes have been attributed to bird strikes, a persistent threat to flight operations. Despite ongoing efforts to mitigate the issue, bird strikes remain a significant challenge for Nigeria's aviation sector. The financial...