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...

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...