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...

NSIA Revenue Increases By 343% To N160bn       The Nigeria Sovereign Investment Authority, manager of Nigeria’s sovereign wealth fund, on Tuesday announced its audited results for 2020 financial year, reflecting a 343 per cent growth in income to N160bn. It said this was disclosed in its Audited...

DPR, RMAFC Seek Collaboration On FG’s Gas Revenue Drive       The Department of Petroleum Resources (DPR) and the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) have met to seek ways to boost revenues from the country’s gas resources, following the federal government’s renewed interest in the...

MTN Loses 5m Users, Records N385.2bn Revenue In Q1, 2021       MTN Nigeria Communications Plc has reported a profit after tax of N73.75bn for the first quarter of 2021, up 42.35 percent from N51.74bn in the same quarter of last year. The telecommunications company said its profit...

Customs command Increases Q1 Revenue Collection To N7.97bn       The Kirikiri Lighter Terminal Command of the Nigeria Customs Service has said its revenue collection rose by 36.8 per cent to N7.97bn in the first quarter of this year. The Comptroller of the command, Mr Hammi Swomen, disclosed...

Reps Increase Customs’ Revenue Target To N1.6trn         The House of Representatives yesterday increased the revenue target of the Nigeria Customs Service (NCS) from N1.4 trillion to N1.6 trillion as expected revenue for the 2021 fiscal year. The House also approved about N257, 183, 671, 694. 71...