NNPC Yet To Remit N4.07trn From 2015/2016 Crude Sales       A review of the 2015/2016 audited report of the Nigeria National Petroleum Corporation (NNPC) has revealed that the organisation may have failed to remit N4.07trillion revenue from domestic crude oil sales for the period. For 2015, the...

FG Recorded N1.48trn Fiscal Deficit In Q4, 2020 – CBN     The Federal Government recorded an estimated fiscal deficit of N1.48tn in the fourth quarter of 2020, figures obtained from the Central Bank of Nigeria revealed on Tuesday. The CBN disclosed in its economic report for the...

We're Targeting N5.9trn Revenue In 2021 - FIRS Chairman       Chairman, Federal Inland Revenue Service, FIRS, Mohammed Nami yesterday placed their revenue projection for 2021at N5.9 trillion. Nami made the disclosure while meeting with the House of Representatives Committee on Finance led by Hon. James Falake on...

MDAs Failed To Remit N1trn Revenue - FRC     Ministries, departments and agencies of the Federal Government are in deficit of over N1tn to the Consolidated Revenue Fund, the Fiscal Responsibility Commission announced on Wednesday. It also announced that the FRC and the Independent Corrupt Practices and...

FG Plans N493.4bn Revenue From National Assets’ Sale       The Federal Government plans to earn a total of N493.4bn from the sale or concession of about 36 of its assets across the country. Some the assets up for sale or concession include the country’s refineries, the International...

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...