Tag: revenue

C’River anti-tax agency decries activities of illegal revenue agents

From Judex Okoro, Calabar Cross River State anti-tax agency has raised the alarm over the activities of illegal revenue agents, describing them as economic saboteurs. Chairman of the agency, Emmah…

SEPLAT records $530.5m revenue in 2020

By John Ofikhenua, Abuja Seplat Petroleum Development Company Plc, an independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced its…

Nigeria’ll escape over-dependence on oil revenue in 10 years —Awolowo

By Bolaji Ogundele, Abuja Considering recent steps being taken to boost Nigeria’s non-oil sector, the country is expected to exit the age-long dependence on crude oil revenue in about 10…

Poor Standards Cost Nigeria N137bn Export Revenue From Beans-NAQS

The Nigeria Agricultural Quarantine Service, has said that the absence of proper gatekeeping to ensure that commodities meet pesticide residue standards and other phyto-sanitary requirements has continually cost Nigeria $362.5m…

‘Harmonised revenue law to boost Nasarawa IGR’

The Nasarawa State government has said the state Harmonisation Revenue and Administrative Law will block leakages and boost Internally Generated Revenue ( IGR), which will enable it to give more…

FG Targets 15% Revenue To GDP Ratio By 2023-Finance Minister

Ukpe Philip The Federal Government said with the introduction of the Strategic Revenue Growth Initiative, it would grow Nigeria’s revenue to Gross Domestic Product ratio from the current eight per…

● Facebook, Instagram and WhatsApp user base top 3.3 billion, Q4 revenue of $28 billion

The world’s Most worthy listed firm, Apple, printed better-than-expected outcomes for its fiscal first quarter on the foundation that customers acquired extra Macs, iPads, iPhones, and different Apple merchandise at…

● BREAKING: Nigeria’s company income tax revenue drops to N1.41 trillion in 2020

Nigeria generated a complete sum of N1.53 trillion revenue from Value Added Tax (VAT) in 2020, up by 29.3% compared to N1.18 trillion recorded in 2019. This is contained in…

2021 Budget: FG Will Sanction Agencies That Fail To Meet Revenue Target-Finance Minister

The Federal Government said it will sanction its enterprises that fail to meet its revenue projections for the implementation of the 2021 budget. The Ministry of Finance, Budget and National…

FG, States, LGs To Get New Revenue Allocation Formula Next Year – RMAFC

Barring any last minute change in plans, the Revenue Mobilisation Allocation and Fiscal Commission will release a new formula that would guide the allocation of revenue to the three tiers…

NIN/SIM Card Update: We Won’t Disobey FG ‘Cos of Revenue Target—Airtel Nigeria

By Dipo Olowookere The Managing Director/Chief Executive Officer of Airtel Nigeria, Mr Segun Ogunsanya, has said the company will adhere strictly to the directive of the federal government to disconnect…

myFanPark Revenue Rises 283% on Merger With Starsona

By Ahmed Rahma The decision to merge its business with Silicon Valley-based celebrity engagement platform, Starsona Inc, is already paying off for myFanPark, a platform launched to transform the way…

Niger State Government To Improve Internal Revenue Generation

In her effort to improve internal revenue generation, there is an ongoing intervention by the Niger State Government on reforming revenue processes and information technology applications in the state. The…

Dormaa East: DCE Appeals To Assembly Members To Support  Revenue Mobilization

District Chief Executive of Dormaa East, Hon. Emmanuel Kofi Agyeman has appealed to Unit Committees, Area Councils as well as Assembly members to lend a helping hand to the Dormaa…

Discos Revenue Hits N114.29bn As NERC Laments Energy Debts By MDAs

The Nigerian Electricity Distribution Companies in first quarter of 2020, collected a total revenue of N114.29bn out of the total bill of N186.82bn. This is contained in the latest quarterly…