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...

Total Nigeria Targets N76bn Revenue In Q4     Total Nigeria Plc has projected to achieve N75.67bn revenue for the fourth quarter of 2020. In its Q4 earnings forecast obtained from the Nigerian Stock Exchange, the oil firm also projected N66.24bn as the cost of sales for the...

FG Revenue Drops By 32% To N625.9bn In May       Driven by the drop in crude oil prices, federally collected revenue fell by 32 percent to N625.9 billion in May 2020 from N915.28 billion collected in April. Central Bank of Nigeria (CBN) stated this in its Monthly...

14 Banks Gross N1.2trn Revenue In 6 Months     Fourteen Deposit Money Banks (DMBs) listed on the Nigerian Stock Exchange have recorded N1.187 trillion gross revenue for the first six months of 2020. They had earned N1.114tn in the corresponding period of 2019. Despite the effects of the...

FG Moves To Recover Over N100bn Revenues From Lottery Sector     The Minister of Special Duties and Inter-Government Affairs , Senator George Akume, has said efforts are underway to recover the backlog of over N100 billion revenues due for government from the lottery sector. The minister disclosed...