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Fuel Marketers’ Revenue To Drop By N400bn – Report

Fuel Marketers’ Revenue To Drop By N400bn – Report     The total revenue from the sale of petroleum products in Nigeria is expected to fall by N400bn this year on the back of the impact of the COVID-19 pandemic on fuel consumption, a new report by...

How Nigeria’s Cocoa Revenue Can Hit $1.1bn In Five Years

How Nigeria’s Cocoa Revenue Can Hit $1.1bn In Five Years       If Nigeria deploys measures to increase yield, land area under cultivation, quality of cocoa beans through new techniques in fermentation and sustainable farming, embrace organic certification, and target new markets, it might be able to...

More Pressures, As Growth In Non-oil Export Revenue Stagnates

More Pressures, As Growth In Non-oil Export Revenue Stagnates     The headwinds facing Nigeria’s economy has forced the value of Naira to decline 31 percent in seven months ended July 2020. But the pressure on the external sector seems headed for further deterioration as the nation...

Aviation Fuel Sales Revenue Drops By N9.6bn

Aviation Fuel Sales Revenue Drops By N9.6bn     Amid the recent closure of the nation’s airports, the total revenue generated by two of the major oil marketing companies in the country from the sale of aviation fuel plunged by 58.1 per cent in the first half...

Taxes Contributed N500bn To Revenue In June – FIRS

Taxes Contributed N500bn To Revenue In June – FIRS     The Federal Inland Revenue Service (FIRS) has said tax revenues contributed at least N500bn to the N696 billion revenue that the three tiers of government shared in June 2020. The Executive Chairman, FIRS, Mr. Muhammad Nami, who...

DisCos’ Revenue Collection Hit N127bn In Q1

DisCos’ Revenue Collection Hit N127bn In Q1   Power distribution companies in the country saw their revenue collection rise a record N127bn in the first three months of the year. The Association of Nigerian Electricity Distributors, which disclosed this in a document obtained by our correspondent, said...