The Nigerian Electricity Regulatory Commission (NERC) on Tuesday announced that Electricity Distribution Companies (DisCos) collected N509.84 billion in the fourth quarter of 2024 out of the N658.40 billion billed to customers. This was disclosed in NERC’s 2024 Fourth Quarter Report, published on its website in Abuja. According to the...
Revenue
By JOY ADARA , Abuja- The Federation Account Allocation Committee (FAAC), has shared N1.678 trillion revenue among the Federal Government, states and the Local Government Councils (LGCs) for the month of February. This is according to a communiqué issued by FAAC and made available by Bawa Mokwa, the Director,...
By CHRISTIANA LOT, jos – Plateau State’s internally generated revenue (IGR) hit a record ₦31.14 billion in 2024, surpassing the ₦30 billion mark for the first time. The state government has now set an ambitious ₦52 billion target for 2025. The Executive Chairman of the Plateau State Internal Revenue...
By JOHN ONAH, Abuja – Nigeria’s maritime industry has the potential of generating over $30 billion annually if fully developed. Executive Secretary of the Nigerian Shippers’ Council, NSC, Dr. Pius Akutah, disclosed this in Abuja over the weekend during an interview with newsmen on the sidelines of the Top...
Minister of Interior, Dr Olubunmi Tunji-Ojo, on Tuesday said that the ministry generated over N6.03 billion in 2024 after rendering several services to Nigerians. Tunji-Ojo said this during the 2025 First Quarter Media briefing in Abuja. He said that out of the amount, N3,220,035 was generated from the expatriate...
By EMMANUEL KUJE, Abuja– The Federal Capital Territory (FCT) Minister, Nyesom Wike on Sunday night said debts owed by property owners with regard to Certificates of Occupancy (C of O) is over N300 billion. Wike spoke at a media parley held at his official residence in Life Camp, Abuja....
The National Assembly has lauded the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, for exceeding the 2024 revenue collection target of N19.4 trillion. FIRS generated N21.6 trillion, surpassing the target by N2.2 trillion. The commendation came during a meeting on Wednesday in Abuja, where...
Nollywood actress Funke Akindele’s new film, Everybody Loves Jennifer, has been declared the highest grossing film of all time in West Africa. The movie released to cinemas exactly one month ago has raked in N1.6 billion across cinemas. Filmone, the film’s distributor, disclosed this on its Instagram page @filmoneng,...
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has urged private companies, government’s Ministries, Departments and Agencies (MDAs) and other employers of labour in the territory to file their employee annual tax returns for 2024. The acting Executive Chairman, Mr Michael Ango, who made the call in a statement...
The Cinema Exhibitors Association of Nigeria (CEAN), has said the Nigerian film industry has experienced a significant surge with the Box Office recording an impressive 60 per cent increase in 2024. CEAN’s National Chairman, Mr Ope Ajayi, revealed this while speaking with the News Agency of Nigeria (NAN), in...
The Nigeria Customs Service (NCS), Area 2 Command, Onne, Rivers, has said it exceeded its revenue target for 2024 by generating N643 billion during the year. The Area Controller, Mr Muhammed Babandede, who disclosed this at a news briefing in Onne on Tuesday, said that the command had a...
The outgoing Customs Area Controller (CAC) of Tincan Island Command, Mr Dera Nnadi has attributed the N1.26 trillion revenue to the implementation of a 24-hour cargo clearance system, which includes weekend operations. Nnadi disclosed this during the handover ceremony to the newly appointed CAC of Tincan Island Customs Command...
President Bola Tinubu says the Federal Government targets N34.82 trillion revenue to fund the N47.9 trillion 2025 budget. Tinubu stated this on Wednesday in Abuja while presenting the 2025 Appropriation Bill to joint session of the National Assembly. The News Agency of Nigeria (NAN) reports that the N47.9 trillion...
The House of Representatives has directed Infrastructure Concession Regulatory Agency (ICRC) and Nigeria Electricity Regulatory Commission (NERC) to provide details of their budget performances to ascertain their compliance with extant financial regulatory laws. Chairman, House Committee on Finance, Rep. James Faleke, stated this in Abuja on Tuesday when the...
The Federal Capital Territory Internal Revenue Service (FCT-IRS), has created a dedicated unit for taxation of more than 10,000 High-Net-worth Individuals (HNIs) in the FCT. The acting Executive Chairman of the Service, Mr Michael Ango, announced the development in a circular made available to newsmen in Abuja on Sunday....
The Oyo Stakeholders Forum (OSF) is pleased to spotlight the transformative vision of Dr. Sir Zaach Adedeji, the current Chairman of the Federal Inland Revenue Service (FIRS), and the only APC ASPIRANT that can transform Oyo State in 2027. Dr. Adedeji’s tenure at FIRS has demonstrated an exceptional ability...
By JOY ADARA, Abuja – The Federation Accounts Allocation Committee (FAAC), has shared N1.411 trillion among the Federal Government, States and Local Government Councils (LGCs) for October. This is contained in a communiqué from FAAC made available by Mr Bawa Mokwa, the Director, Press and Public Relations, Office of...
The Chairman Borno State Internal Revenue Service, Prof. Bello Ibrahim, has said that the agency has no plan to introduce any new tax in the state for now. Ibrahim in an interview with the News Agency of Nigeria (NAN) on Sunday in Maiduguri, said the state was for now...
The Nigerian Electricity Regulatory Commission (NERC) has said the total revenue collected by all Electricity Distribution Companies (DisCos) in quarter two hit N431.16 billion. The commission made this known on its Website in its second quarter 2024 report in Abuja on Thursday. The report said that the N431.16 billion...
Mr Joko Okupe, Chief Executive officer of Modo Ante, says the Lagos State Government can achieve an annual Internally Generated Revenue (IGR) of five trillion Naira through innovative approaches. Okupe, who said this in an interiew with the New Agency of Nigeria (NAN) on Thursday in Lagos, said that...