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...
Revenue
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...
BUA Foods Plc has declared a revenue of N729.4 billion, an increase of 74.4 per cent relative to its 2022 revenue. The Chairman of BUA Foods, Alhaji Abdul Rabiu, said this at the 3rd Annual General Meeting of the company on Thursday in Abuja. While presenting the Annual Report...
The Minister for Finance and Coordinating Minister of the Economy, Mr Wale Edun, has said that Federal Government’s revenue for the first quarter of 2024 has increased to N9.1 trillion. According to Edun, this is more than double in the same period in 2023. Edun said this at the...
By DANJUMA JOSEPH, Lafia- Nasarawa State internally generated revenue from solid minerals royalty has hit one (1) billion naira monthly, making it number four in the country. Minister of Solid Minerals Development, Dr. Dele Alake, disclosed this in Lafia, during a courtesy call on Governor Abdullahi Sule, of Nasarawa...
By CHRISTIANA LOT, Jos – The Plateau State Ministry of Lands, Survey and Town Planning has reported a remarkable surge in revenue, nearly tripling its earnings in 2024 by generating close to ₦500 million by August. This figure represents a significant increase from the ₦173 million recorded between January...
The Federation Accounts Allocation Committee (FAAC), has shared the sum of N1.358 trillion among the Federal Government, States and Local Government Councils (LGCs) for the month of July. This is contained in a communique issued after FAAC meeting for August on Friday in Abuja. According to the communique,...
The Cinema Exhibitors Association of Nigeria (CEAN) on Wednesday said cinemas across the country generated N4.6 billion in first half of 2024. Chairman of CEAN, Mr Ope Ajayi, in an interview with the News Agency of Nigeria (NAN) in Lagos, said the cinema played host to 1,199,661 visitors...
The Federation Accounts Allocation Committee (FAAC) has shared a total sum of N1.354 trillion June revenue among the Federal Government, states and Local Government Councils (LGCs). The revenue was shared at the July meeting of FAAC, held in Abuja and chaired by the Minister of Finance and Coordinating...
The Lagos Free Trade Zone of the Nigeria Customs Service says it generated N115 billion in revenue over the past six months. Its Customs Area Controller, Comptroller Olanrewaju Olumoh, disclosed this at a stakeholder engagement in the Free Trade Zone in Lagos on Thursday. Olumoh expressed optimism...
A former Health Minister, Prof Isaac Adewole, has advocated fiscal federalism where states get funds commensurate to what they bring into the federation account. Adewole, a former Vice Chancellor of the University of Ibadan, was a guest on Inside Sources with Laolu Akande, a socio-political programme aired...
Rivers State Governor, Siminalayi Fubara on Thursday in Elele vowed to ensure prudent management of the state’s revenue during his administration. Fubara made the vow while declaring the commencement of construction of N80.3 billion 33.5-kilometre Elele-Egbeda-Omoku Road dual carriageway and bridge project in Emohua Local Government Area of...
The Nigerian National Petroleum Company Limited (NNPC Ltd), has said the country’s gas sector is now well positioned to help businesses in the country generate more revenue. The Group Chief Executive Officer, NNPCL, Mele Kyari said this when he spoke with newsmen on Wednesday in Owerri. He spoke...
A Magistrate Court sitting in Wuse Zone 2, Abuja, on Friday, ordered the Federal Capital Territory Internal Revenue Service (FCT-IRS) to seal off a company, Ifedi A.K. Nigeria Ltd, over allegations bordering on non-filing of annual returns. The Magistrate, Janada Balami, gave the order after lawyer to FCT-IRS,...
The Nigeria Customs Service (NCS) says it generated more than N1.3 trillion revenue in the first quarter of 2024. The Comptroller General (C-G) of NCS, Adewale Adeniyi, made the disclosure while briefing newsmen on its activities in the first quarter of 2024, on Wednesday in Abuja. “The...
By JOHN ONAH, Abuja – The Federal Capital Territory Administration (FCTA) has disbursed the sum of N4,439,259,692.78 billion to the six area councils and other stakeholders as statutory allocation for the month of January, 2024. The amount represent a slight decline when compared to N4,816,227,915.56 billion shared in...
By MBAFAN ADE, Abuja – The Federation Account Allocation Committee (FAAC), has shared the sum of N1.149 trillion revenue among the Federal Government, states and Local Government Councils (LGCs) for January. The revenue was shared at the February meeting of FAAC chaired by the Minister of Finance and Coordinating...
The World Aquaculture Society (WAS), African chapter, in the West African region, says Nigeria’s aquaculture sector has the potential to generate an annual revenue of 296 billion dollars. Mr Lanre Badmus, Director, West African Region, WAS , said this in an interview with the News Agency of Nigeria...