Aviation Fuel Revenue Falls By N20.03bn       The total revenue generated by two of the major oil marketing companies in the country from the sale of aviation fuel plunged by 57.99 per cent in 2020, compared with 2019. Last year, the nation’s airports were closed on March...

Smugglers, Bandits Hindering Revenue Generation – Customs         Officials of the Zone B, Nigeria Customs Service (NCS) has said their operations are being hindered by banditry and smuggling in the zone, which has affected the revenue generation. The Acting Zonal Coordinator of Zone B, Aminu Abba disclosed...

Company Income Tax Decline By N120.29bn       Total revenue from Company Income Tax dropped by N120.29bn in the fourth quarter of 2020. The National Bureau of Statistics disclosed this in its report on ‘Company Income Tax by sector’ which was released on Wednesday. Part of the report read,...

Oil Export Revenue Drops By 41%         Revenue from oil export fell by a whopping 41.44 percent to $2.033 billion in the first nine months of 2020, compared to $3.47 billion received in the corresponding period of 2019, data from the Nigerian National Petroleum Corporation, NNPC,...

Power Sector Loses N20.5bn Revenue As Load Rejection Lingers         About N20.5bn revenue was lost by Nigeria’s power sector between January 1 and 22, 2021, as operators in the business complained that energy was still being rejected by distributors. Data obtained from the Federal Ministry of Power...

PTML Customs Rake In N189bn Revenue         The Port Terminal Multiservices Limited (PTML) Command of Nigeria Customs Service (NCS) has declared N189.35 billion as revenue for 2020. The command also handled 151, 938 metric tonnes of export cargoes with Free on Board value of N117.34 billion in...