Home Topics Revenue

Revenue

The Nigeria Governors’ Forum (NGF) and the Federal Government have commenced a Human Capital Development (HCD) plan towards moving 24 million Nigerians out of poverty before 2030.

Governors upset by excess crude account depletion

Governors are worried about the depletion of the Excess Crude Account (ECA) and the resurgence of insecurity especially the upsurge of Boko Haram attacks, it was learnt at the weekend.
The House of Representatives Committee on Finance has asked the Centre for Management Development (CMD) to remit N542 million to federal government within 21 days .

House of Reps orders Centre to remit N542 million within 21 days

The House of Representatives Committee on Finance has asked the Centre for Management Development (CMD) to remit N542 million to federal government within 21 days .

IMF decries slow pace of economic recovery in Nigeria

The International Monetary Fund (IMF) has decried the slow pace of economic recovery in Nigeria, warning its declining real incomes and weak investment have continue to weigh in on economic activity.
Director of Information, National Assembly Abuja, Rawlings Agada, has said the sum of N37 billion, approved for the renovation of the National assembly complex may not be enough for the work.

Commission tasks National Assembly on water resources bill

The Nigeria Integrated Water Resources Commission (NIWRC), has urged National Assembly to ensure quick passage of the Water Resources Bill to enhance revenue generation and create job opportunities in the country.
Chairman, House Committee on Finance, Hon. Abiodun Faleke raised the alarm during an investigative hearing into the under-remittances by some government agencies, held in Abuja.

House of Reps quiz FAAN over N63.6 billion unremitted revenue

The House of Representatives on Tuesday uncovered various infractions in the revenue declared by the Federal Airport Authority of Nigeria (FAAN) worth N63.6 billion under remitted between 2014 and 2019.

SERAP wins first round in battle to get details of payment of jumbo pensions...

There is prospect Nigerians keen on knowing details of payment of life pensions to former governors across the 36 states in the country, and the names and number of ex-governors and other officials collecting pensions, may soon have some answers, as Socio-Economic Rights and Accountability Project (SERAP) has won the latest round in the legal battle to compel 36 state governors to disclose these details.
The Chairman of RMAFC, Mr Elias Mbam, said this on Thursday in Abuja when he led a team of RMAFC commissioners and other anagement members to the FIRS on a familiarisation visit.

RMAFC: Politicians’ pay may go up or down following our review

The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) says it has started preliminary work on the review of the remuneration of political office holders.
Christian Madubuko

35 illegal revenue collectors arrested in Anambra

Thirty-five illegal revenue collectors terrorizing Onitsha particularly Upper Iweka and Niger Bridge Head Onitsha and its environs have been arrested by the Anambra State anti tout outfit, Focused Initiative Against Touting, FIAT, set up by Anambra State Government Ministry of Transport.

Julius Berger, MTN, Dangote, others make Nigeria’s top 100 companies

Julius Berger Nigeria Plc has been ranked in the upper Top 100 Nigerian companies in terms of assets, revenue and profits in fiscal year 2018.
Officials of the Nigerian Security and Civil Defence Corps (NSCDC) in Kaduna State on Thursday rescued eight kidnap victims during an operation in the state capital.

NSCDC impounds 20 trucks of coal in Kogi

Kogi State Command of the Nigerian Security and Civil Defence Corps, has impounded 20 trucks loaded with coal over non-payment of royalty to the Federal government.
Ministry of Mines Permanent Secretary Barnaby Mulenga told a news conference that Zambia, Africa’s second-largest copper producer, was missing out on a lot of revenue because only one large mine was declaring its gold output.

Zambia plans to compel copper miners to account for gold

Zambia plans to make copper mining companies account for the gold they produce as it seeks to boost revenue from its mineral resources, a senior ministry of mines official said on Thursday.

TDAGRI: Register prostitution as business

Non-governmental organisation, NGO, Team of Detecting Agency for Government Reform Initiative, TDAGRI, has advocated registration of prostitution as a business in Nigeria.

Presidency: Why Tunde Fowler was replaced as FIRS chief

The Presidency has said that Babatunde Fowler’s tenure as chairman of the Federal Inland Revenue Service (FIRS), was not renewed because of his inability to generate enough revenue for the country.
Zainab Ahmed

FAAC: Federal government, states, local councils share N635.8 billion in November

Alhaji Isa Dutse, Permanent Secretary, Ministry of Finance, Budget and National Planning, said on Wednesday in Abuja that the Federal, States and Local Governments had shared the sum of N635.8 billion for the month of November.

Central bank targets forex earnings from artificial intelligence, software development

Briefing the media Saturday in Ogere, Ogun State, after the Bankers’ Committee Retreat, the CBN Governor, Mr Godwin Emefiele, said the initiatives are in consonance with theme of the event, ‘Delivering increasing Growth through Digital Finance for the Nigerian Economy.’

DMO explains Nigeria’s external borrowings

According to the statement, this request is not a new one as being perceived but rather it represents those borrowings which have been submitted to the National Assembly but are yet to be approved before the expiration of the 8th Assembly.
Debt Management Office (DMO)

DMO clarifies Nigeria’s external debt

The Debt Management Office (DMO) says the public debt stock of the country is a cumulative figure of borrowings by successive governments over many years.
A fire incident occurred at the headquarters of the Federal Inland Revenue Service (FIRS) in Abuja on Monday, officials said.

FIRS creates e-tax services

The Federal Inland Revenue Service (FIRS) has created electronic tax services, (e-tax services) to improve transparency and speed in tax administration.

Recent Stories

Anthony Joshua and Dillian Whyte have leapfrogged Deontay Wilder in the Ring Magazine’s new top ten heavyweight rankings.

Heavyweight rankings: Anthony Joshua overtakes Deontay Wilder after Tyson Fury defeat

Anthony Joshua and Dillian Whyte have leapfrogged Deontay Wilder in the Ring Magazine’s new top ten heavyweight rankings.
Virgil van Dijk is refusing to rule Manchester City out of the Premier League title race despite a “special” win for Liverpool taking them nine points clear of the defending champions.

Virgil van Dijk praises Liverpool’s mental strength

Virgil van Dijk says Liverpool’s ability to stay calm under pressure is the key to their astonishing Premier League title charge after they came from behind to beat West Ham 3-2.

Weight loss company accepts Eniola Badmus as experiment

Getfitng Technologies, a weight loss company, on Tuesday accepted the challenge by Eniola Badmus, popular Nigerian actress, to use her to prove its claim on weight loss pills

NECO dismisses 19 staff over certificate forgery

Barely four months after it dismissed 70 staff for engaging in certificate forgery, the National Examinations Council, NECO, has sacked another 19 of its staff on similar offence.
Barcelona president Josep Maria Bartomeu believes five-time Ballon d'Or winner Lionel Messi could end up staying at the club for another five years.

Manchester City star opens to play with Lionel Messi at Barcelona

Manchester City star Bernardo Silva opens to play with Lionel Messi at Barcelona ahead of the Champions League last 16 clashes with Real Madrid at Estadio Santiago Bernabeu.