In 2019, Onne Port Customs Recorded N107.3bn Revenue   The Nigeria Customs Service, Area II Command, Onne Port, Rivers State, said on Thursday that it generated total revenue of N107.3bn from duty paid on imported goods in 2019. The Command explained that the amount generated surpassed its...

Oil price: FG Revenue Shrinks As Petrol Subsidy Rises …workers, contractors risk delayed pay   Lower amounts of revenue might be available for sharing by the three tiers of government through the Federation Accounts Allocation Committee (FAAC) in the coming months as the cost borne by the...

Discos’ Yearly Revenue Collection Hits N466bn   Power distribution companies have set a new record of N466bn in their yearly revenue collection, the Association of Nigerian Electricity Distributors has said. ANED, which is the umbrella body for all the Discos, said the revenue collection rose by 10...

FIRS Records N4.8trn 10-year Revenue Shortfall   Within a 10-year period covering 2010 and 2019, the Federal Inland Revenue Service recorded a revenue shortfall of N4.88tn, figures obtained from the FIRS have indicated. The FIRS data showed that during the 10-year period, the service generated about N43.41tn...

FG Revenue Plunged By N388bn In November – CBN   Federally-collected revenue fell by N388bn in November, latest statistics from the Central Bank of Nigeria have revealed. Part of the CBN’s report on ‘Monthly economic report for the month of November’, read, “At N858.92bn, the estimated federally-collected...

2020: FG Targets 56% Revenue From Non-oil Sources   To demonstrate its determination to diversify the economy, and attendant revenue streams, the Federal Government hopes to generate about 56 per cent of its 2020 projected revenue from the non-oil sources. This target is probably being buoyed by...