Debt Exceeds Revenue In 36 States, FCT - FRC   All the 36 states of the federation contravened the guidelines of the Debt Management Office by contracting debts exceeding their 12-month revenues, the Fiscal Responsibility Commission has said. According to the DMO guidelines on borrowing, no state...

Stakeholders Fault Govt Over N1.5trn Revenue Target For Customs   Stakeholders have faulted the government for setting revenue target of N1.5trn for the Nigeria Customs Service this year. They insisted that the job of the Customs was trade facilitation and not revenue generation. They said this yearly annual...

Reps To FAAN: Account For N66bn Revenue   The House of Representatives has asked the Federal Airports Authority of Nigeria (FAAN) to explain why it remitted only N9bn out of about N75bn it generated between 2014 and 2019. The House asked the FAAN to remit the N66bn...

Tin Can Customs Generates N346bn Revenue   The Tin Can Island Port Command of the Nigeria Customs Service (NCS), says it generated N346,508,836,486.54 as revenue in 2019. With this figure, the Command exceeded its 2019 revenue target with an excess of N4,202,755,990.15, representing 101.21 per cent. According...

Electricity: NERC, CBN Move To End Revenue Leakages In Power Market   The Nigerian Electricity Regulatory Commission (NERC) and the Central Bank of Nigeria (CBN) would begin to track payments made by certain categories of electricity consumers in Nigeria to the 11 electricity distribution companies (Discos),...

Dangote Targets $30bn In Revenue, Lauds FG On Agriculture Revolution   President of Dangote Group, Aliko Dangote has projected a turnover of $30 billion for his businesses in the next two years. He said though the company’s annual turnover is about $4 billion now, but with the...