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...

African Carriers Record $10.2bn Passenger Revenue Loss       The African Airlines Association (AFRAA) has released its 2020 Africa Air Transport Report indicating that carriers on the continent recorded an estimated $10.21 billion passenger revenue loss in 2020. The report gave an in-depth analysis of Africa’s air transport...

Oil Export Revenue Declined By 98% In April – NNPC       The Nigerian National Petroleum Corporation has said crude oil export proceeds plunged by 98 per cent in April, compared to March. The NNPC said in a report that the total revenue from crude oil exports in...

Rising Debt Service Cost Weighing On FG’s Revenue – PwC       The increasing cost of servicing debt continues to weigh on the Federal Government’s revenue profile, a PwC report has said. This report was titled ‘Nigeria Economic Alert: Assessing the 2021 FGN Budget.’ According to the report, the...

DPR Targets N900bn Remittance Into Federation Account In Q2, 2021       The DPR has said it is targeting to generate and remit about N900 billion into the Federation Account in the second quarter of the year. The agency has also received over $20 billion investment proposals since...

FG Revenue From Drink Makers Rose To N23bn – NBS       The Company Income Tax paid by breweries, bottling and beverages companies rose by 329.48 per cent in the first quarter of the year, a report by the National Bureau of Statistics has shown. The CIT is...