We’ve Identified Plans To Generate N18trn Revenue, Says FG     The Federal Government on Thursday said it had identified oil and non-oil initiatives that could help the country generate between N13tn to N18tn and achieve its 15 per cent revenue to Gross Domestic Product target. It also...

FG Records 65% Deficit In Oil Revenue Projections — Ahmed     The Federal Government on Sunday disclosed that the lingering COVID-19 pandemic on broad sectors of the economy resulted in about 65% decline in projected net revenues from the oil and gas sector in the first...

NNPC Suffers 47% Drop In Petrol Sales Revenue     The Nigerian National Petroleum Corporation saw its revenue from petrol sales plunge by 47.38 per cent to N107.61bn in April as supply dropped amid the coronavirus lockdown and the reduction in the pump price of the product. The...

FG’s Revenue Dropped To N845.14bn In February - CBN     Nigeria’s federally-collected revenue fell by 11.3 per cent to N845.14 billion in February, compared with the N952.49 billion recorded the previous month, the Central Bank of Nigeria (CBN) has said. The CBN, in its monthly economic report...

COVID-19 Cut Off 40% Of Our Revenue - Osinbajo     The Federal Government’s revenue fell by 40 per cent due to the impact of COVID-19 pandemic, the Vice President, Prof. Yemi Osinbajo, said on Tuesday. The Senior Special Assistant to the President on Media and Publicity, Office...

Why Budget Increased Despite Dropping Revenues – Presidency   The Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Umar El-Yakub, has said the decision of the Presidency to increase the budget despite drop in revenue was meant to mitigate the impact...