DPR Targets N3.2trn Revenue By December             The Federal Government, through the Department of Petroleum Resources (DPR) has said it will generate N3.2 trillion revenue by the end of December this year. With improved revenue outlook, including signature bonuses, the Chief Executive Officer of DPR, Sarki Auwalu...

NNPC Refineries Generate Zero Revenue, Pay Workers N69bn         Workers at the government-owned refineries were paid a total of N69.07bn last year, even as the plants generated zero revenue as they did not process a single barrel of crude oil. The refineries suffered a combined loss of...

NNPC’s Revenue Falls By N916bn Despite Posting N287bn Profit       Nearly two weeks after declaring its first profit in its 44-year history, the Nigerian National Petroleum Corporation said on Wednesday that its group revenue for the 2020 financial year fell to N3.72tn from N4.63tn in 2019....

VAT Controversy: FIRS May Lose Over N2.4trn Revenue To States       The Federal Inland Revenue Service may lose over N2.4tn revenue to the 36 state governments in 2022 if it loses its appeal against a Federal High Court verdict which barred it from collecting the Value...

We Made N95.5bn Advance Tax Payment To Support FG’s Revenue — MTN       Telecommunication giant, MTN Nigeria, has disclosed that it agreed to make an advance tax payment of N95.5bn between March 2021 and June, 2021, ahead of the established deadline to support government’s revenue drive. MTN...

Trade Ministry Seeks Amendment To PIA, Targets N1bn Revenue       There are indications that the the Federal Ministry of Industry, Trade and Investment has put machinery in motion to push for the amendment of the newly passed Petroleum Industry Act (PIA) to address certain conflict with...