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We Must Discontinue Dependence On Crude Oil For Public Revenue, Forex — Emefiele

We Must Discontinue Dependence On Crude Oil For Public Revenue, Forex — Emefiele         The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has reiterated the need for the country to discontinue heavy dependence on crude oil to guarantee public revenue and foreign...

NPA Generated N291bn Revenue In 10 Months

NPA Generated N291bn Revenue In 10 Months       The Nigerian Ports Authority generated N291bn revenue between January to October 2020. This was disclosed by the Managing Director, Hadiza Bala-Usman, in a television programme on Thursday. Usman noted that the revenue of N291bn was in contrast to the N298bn...

NNPC Targets N11trn Revenue For 2021, $14bn Industry Spending

NNPC Targets N11trn Revenue For 2021, $14bn Industry Spending         The Nigerian National Petroleum Corporation plans to generate N11.39tn revenue in 2021, while projecting an increase in oil and gas output and sales between 2021 and 2023. According to a written presentation to the National Assembly by...

Company Income Tax Revenue Hits N416.01bn In Q3 – NBS

Company Income Tax Revenue Hits N416.01bn In Q3 - NBS         Revenue from Company Income Tax rose slightly to N416.01bn as of the end of the third quarter of 2020. The National Bureau of Statistics disclosed this in the Company Income Tax by Sectors (2015 – Q3...

JV Oil Assets Suffer As NNPC Slashes Funding

JV Oil Assets Suffer As NNPC Slashes Funding       The nation’s oil and gas assets being developed through joint ventures between the Nigerian National Petroleum Corporation and private firms are suffering funding shortfall as cash call payment by the NNPC has hit a record low. Amid the...

NNPC Petrol Sales Revenue Drops Despite Price Hike

NNPC Petrol Sales Revenue Drops Despite Price Hike       The volume of petrol sold by the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, dropped in the first two consecutive months of price hike, latest data from the NNPC have shown. The PPMC...