Nigeria Revenue May Crash Further As OPEC Forecasts Supply Glut     Nigeria’s revenue from crude oil sale may drop further in the first and second quarters of 2022 going by the latest projection of surplus oil supply in the period under review by the Organisation of...

Fuel Marketing Firms’ Nine-month Revenue Rises To N594bn   The total revenue generated by five of the major oil marketing companies in the country jumped by N149.93bn in nine months as fuel demand recovers from the impact of the COVID-19 pandemic. The companies saw their combined revenue...

NCC Targets N632bn Revenue From 5G Spectrum Sales     The Executive Vice Chairman of the National Communication Commission, Prof. Umar Danbatta, has again assured Nigerians of the safety of their health with the proposed 5G network. Danbatta also said the agency proposed to generate N632.39bn in 2022...

In 30 Days, Apapa Customs Records N86bn Revenue     The Apapa Area Command of the Nigerian Customs Service (NCS), says it has collected a total of N86.023 billion as revenue for October 2021 despite initial glitches which tended to slow down its operations. It said the tempo...

Customs Target N2trn Annual Revenue   The Nigeria Customs Services is planning to generate N2tn this year and about N1.6tn of this amount is expected to be made from the South-West geopolitical zone. According to a report, the NCS generates about 80 per cent of its annual...

Why Debt Service To Revenue Ratio Is High – Fed Govt   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has blamed Nigeria’s high debt service to revenue ratio on the large expenditure base of the country. Ahmed, in an interview with Bloomberg on...