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...

N13.7trn Federation Account Revenue Unremitted by NNPCL - FAAC   The Nigerian National Petroleum Company Limited (NNPCL) is holding back a massive N13.763 trillion in revenue, creating significant funding challenges for the Federal Government's national budget. This is according to documents obtained from the Federal Accounts Allocation Committee...

Maritime Agencies Rake in N850.3bn Revenue for 2024   In 2024, four key agencies under the Marine and Blue Economy umbrella collectively generated a significant revenue of N850.324 billion. This was a 77 per cent growth compared to the amount generated by the agencies in the previous year...

FIRS Generated N21.6trn Revenue in 2024, Targets 25trn – Adedeji   The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji has announced that the service generated a total of N21.6 trillion in revenue for the 2024 fiscal year, surpassing its initial target...

The Federation Account Allocation Committee (FAAC) has distributed N1.411 trillion among the three tiers of government for October 2024.