Tin-Can Customs Rake In N31.7bn In March     Tin-Can Island Port Command of the Nigeria Customs Service (NCS) says it generated a total of N31.7 billion as revenue in the month of March 2020, representing about N5.220 billion higher than its collections in the same month...

Fed Govt Revokes 11 Oil Mining Licences As Revenue Shrinks     The Federal Government has revoked the mining licences of about 11 oil and gas companies operating in the marginal fields. It was learnt that the affected companies include, Movido – Ekeh, Goland – Oriri, Independent Energy...

FG To Cut FIRS’ N8.5trn Target   The Federal Government is revising the non-oil revenue projections, including various tax and customs receipts. This means the N8.5trillion target set for the Federal Inland Revenue Service (FIRS) will be slashed at the end of the review. Minister of Finance, Budget...

COVID-19: Edo Suspends Revenue Collection For April   The Edo State Government has suspended all forms of revenue collection from transporters for April to cushion the economic effect of the coronavirus (COVID-19) pandemic on residents. In a statement, Secretary to the State Government, Osarodion Ogie,said the move...

Customs Generates N225m Revenue, Impounds N197.4m Goods In Bauchi   The Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone ‘D’, with headquarters in Bauchi on Thursday said it generated N224.7m and seized contraband and smuggled goods worth N197.4m between November 2019 and March 2020. The News...

Global Air Transport Revenue Loss Increases To $252bn   The International Air Transport Association says the expected impact of the coronavirus on global air transport has risen to $252bn. IATA updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry...