In Nine Months, Banks Generate N135.15bn From e-payments The adoption of electronic channels for financial transactions has earned 10 deposit money banks about N135.15bn revenue in the first nine months of the year ended September 30. Analyses of the unaudited 2019 third quarter reports of 10...

Reps Investigate N600bn Monthly Revenue Loss At Lagos Ports   The House of Representatives has begun investigation into infrastructural decay at the Apapa and Tin Can Island Ports in Lagos, leading to the loss of N600bn revenue monthly. The House urged the Nigeria Ports Authority and other...

Discos Revenue Collection Increases To N466bn   The collection of revenue from users of electricity across the country by power distribution companies has increased to N466bn, the Association of Nigerian Electricity Distributors announced on Tuesday. ANED said Discos had raised electricity revenue collection by N43bn in the...

NNPC, DPR, FIRS Illegally Deducted N1.5trn From Generated Revenue, Says Auditor-General   Out of the N6.4tn generated by revenue collection agencies in 2017, about N1.5tn was deducted and not remitted into the federation account in violation of the provisions of the Constitution. The Office of the Auditor-General...

IDSL Records N19bn Revenue In 2018   The Integrated Data Services Limited, IDSL, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has recorded a significant increase in its revenue base from N5.5billion in 2016, N7.6billion in 2017 to N19.033billion in 2018. This was disclosed by the...

NIMASA Remits N16bn Revenue In Ten Months   The Nigerian Maritime Administration and Safety Agency has remitted a total sum of N16bn to the Consolidated Revenue Fund, exceeding the budgeted sum by N4bn. The Director-General, NIMASA, Peterside Dakuku, who made this known in Abuja on Tuesday, said...