In Five Months, NNPC Rakes In N1.088trn Revenue       The Nigerian National Petroleum Corporation (NNPC) made a total revenue of N1.088.88 trillion in the first five months of 2021, a Federation Account Allocation Committee (FAAC) document detailing its operations for the period has shown. The figure is...

Shipment: FG Loses N5bn Revenue To Importers Through Wrong Declaration     The federal government has been advised to return the Standard Organization of Nigeria, (SON) to the ports in a bid to ascertain the difference between raw materials and finished goods imported into the country under...

Lagos, Abuja Airports Lead 20 Others In 2020 Generated Revenue       The Murtala Mohammed International Airport (MMIA), Lagos and the Nnamdi Azikiwe International Airport (NAIA), Abuja led 20 other Nigerian aiports in revenue generation last year. The Director, Commercial and Business Development at the Federal Airports Authority...

Cutting Governance Cost’ll Not Solve Revenue Problems - Akabueze       The Director General of the Budget Office of the Federation, Ben Akabueze, on Tuesday said cutting budget allocations to Federal Government agencies would not have a significant impact on Nigeria’s revenue. Akabueze said this in Abuja at...

NLNG Records $110bn Revenue       The Nigerian Liquidfied Natural Gas (NLNG) yesterday said its revenue generation since 1999 has exceeded $110 billion. Its Managing Director, Mr. Tony Attah made this known at the press conference in Abuja, where he announced the firm’s Sales and Purchase Agreements (SPAs)...

Nigeria, Others Lost $1trn Oil Revenue In Two Years – OPEC       Nigeria and other members of the Organization of the Petroleum Exporting Countries lost about $1tn in revenue due to the plunge in oil prices in 2015 and 2016. OPEC’s Secretary-General, Sanusi Barkindo, who disclosed this...