Oil, Gas Exports Hit $1.6bn In One Year       The Nigerian National Petroleum Corporation (NNPC) exported oil and gas worth $1.61 billion between April 2020 and April 2021, latest information from the just-released full market and financial operations report from the national oil company has indicated. The...

Reps Summon Accountant-general, Customs Over Shippers’ Council Revenue       The House of Representatives’ Committee on Finance has invited the Office of the Accountant-General of the Federation, the Nigeria Customs Service and the Budget Office of the Federation to appear on Monday and explain issues surrounding the...

‘FG Loses Over N5trn Revenue To Corruption, Foreigners At Ports’       The Federal Government is losing over N5 trillion revenue yearly, based on the inability of the Federal Executive Council (FEC) to find solutions to the highly corrupt business environment at the port. The Federal Government, it...

Fuel Marketers Quarterly Revenue Increase By N88.94bn       The total revenue reported by five of the major oil marketing companies in the country rose by 55.6 per cent in the second quarter of this year, signaling a gradual recovery from the COVID-19 pandemic amid the challenges...

NIPOST Launches N50 Stamp, Targets N60bn Revenue       The Nigeria Postal Service (NIPOST) has launched a new N50 denomination revenue stamp, projecting remittance of yearly revenue of more than N60 billion to the federal government. Speaking at the launch of the revenue stamp on Tuesday in Abuja,...

FG Suffers N1.4trn Shortfall Despite Aggressive Revenue Drive       Between January and May 2021, the Federal Government recorded a revenue shortfall of N1.4tn, an analysis of the Medium Term expenditure framework and Fiscal Strategy paper for 2022-2024 has shown. According to the report obtained from the Budget...