FG Not Monitoring 240 Revenue-generating Agencies - Senate       The Senate on Thursday expressed worry over the failure of agencies to remit revenues into the purse of the Federal Government. It also challenged the Office of the Accountant General of the Federation to develop a modern software...

Nigeria Loses N1.06trn Oil Revenue Target – NNPC         Nigeria’s N2.6 trillion oil revenue target declined by 40 per cent (N1.06) as a result of twin shocks of COVID-19 and low crude oil price, the Nigeria National Petroleum Corporation (NNPC) has disclosed. The Group Managing Director of...

In Four Years, NPA Generates N1trn Revenue       The Nigerian Ports Authority (NPA) has generated a revenue of N1.02tn in the space of three years under the tenure of Managing Director, Hadiza Bala-Usman. This is according to a tweet posted by the authority via its official Twitter...

Fed Govt, Others Share N5.3trn In 8 Months       The Federal Government, 36 states and the 774 local governments of the federation as well revenue generating agencies of the Federal Government shared a total of N5.3 trillion as statutory allocation in eight months, from January to...

FG Monthly Oil Sales Revenue Plunges By 75%       The Federal Government saw its crude oil sales revenue plunge by 74.89 per cent in July to a record low of $55.29m, according to the Nigerian National Petroleum Corporation. The NNPC’s latest data on the Federal Government’s export...

Nigeria’s Revenue Declined By 65%, Says Finance Minister       The Minister of Finance, Budget and National Planning, Zainab Ahmed, says Nigeria’s revenue has dropped by 65 per cent hence the decision of President Muhammadu Buhari to discontinue the payment of petrol subsidy. Ahmed said this on NTA’s...