Home Topics Revenue

Revenue

The Minister of Information and Culture, Lai Mohammed, made the disclosure Wednesday after the Federal Executive Council presided over by President Muhammadu Buhari, at the State House, Abuja.

Nigerian government unperturbed by blackmail over amended broadcasting code – minister

The Federal Government on Tuesday unveiled the new amendment to the 6th Edition of the Broadcasting Code, stressing that it will not yield to blackmail by a segment of the stakeholders opposed to the new code.
Nigeria has for the first time refined its own gold and purchased the refined product into a new gold reserve.

Nigerian government moves to stem $500 million illegal gold exports

The federal government has commenced moves to stem illegal gold exports estimated at annual revenue of up to $500 million to boost the nation’s foreign reserves.
In a letter dated July 31 and seen by Reuters on Tuesday, Budget Minister Jean-Baudouin Mayo instructed the finance minister to move to implement the decision taken at last week’s cabinet meeting.

Congo to suspend value-added tax exemption for mining imports

Democratic Republic of Congo’s government has decided to suspend the value-added tax (VAT) exemption on mining companies’ imports in an effort to bolster state revenue, the budget minister said.

Microsoft sees growth amidst coronavirus pandemic computing demands

“We are seeing businesses accelerate the digitization of every part of their operations from manufacturing to sales to customer service,” Nadella told a conference call.

Twitter sees surge in users; revenue slides amid turmoil

Revenue slumped 19 percent from a year ago to $683 million. Despite some modest rebound from the pandemic-induced economic slump, Twitter said that “many brands slowed or paused spend in reaction to US civil unrest” in May and June.
Microsoft is offering hackers up to $100,000 if they can break the security of the company’s custom Linux OS. The software giant built a compact and custom version of Linux last year for its Azure Sphere OS.

Microsoft sees growth amid pandemic computing demands

Microsoft on Wednesday reported rising revenues in the past quarter amid strong demand for cloud computing services from pandemic-hit businesses and consumers and big gains in its Xbox gaming operations.
Governor Douye Diri has expressed worry over the development, following the lifting of the ban on interstate travel.

Bayelsa set to pay hazard allowances

The Bayelsa Government has indicated its readiness to pay special allowances to frontline health workers combating the dreaded COVID-19 pandemic in the state.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Nigerian government lists effects of lockdown

The federal government has highlighted the effects of the lockdown and physical distancing measures that were implemented to contain the spread of COVID-19 in Nigeria.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Federal, states, local governments share N651 billion revenue

The Federation Account Allocation Committee (FAAC) at the weekend shared a total of N651.184 billion as June 2020 allocation among the federal, states, local governments, and relevant agencies in the country.
Netflix will roll out new parental control features globally in the coming months. Ryan Anson-AFP-Getty Images

Netflix shares dive on profit miss despite user growth

Netflix shares dived on Thursday after the leading streaming entertainment service reported relatively flat quarterly profits despite rising subscriber numbers.
Seventeen states and Washington, DC have filed a lawsuit against the Trump administration’s policy that would prevent international students who are taking online courses from remaining in the US.

16 US states sue Donald Trump administration over new student visa guidelines

Seventeen states and Washington, DC have filed a lawsuit against the Trump administration’s policy that would prevent international students who are taking online courses from remaining in the US.
The Chairman of the Foundation’s Board, Dr Chiwuike Newington Uba, gave the advice in a statement on Tuesday in Enugu.

Revised budget: Group urges Nigerian government to ensure high performance

An NGO, the Amaka Chiwuike Uba Foundation (ACUF), has urged the Federal Government to lay emphasis on credibility and high performance of the 2020 Revised Budget as a catalyst for infrastructure development.
Member Representing Ajaokuta Federal Constituency, Idirissu Lawal, has called on the Federal Government to take urgent step towards the conduct of a reliable population census in the country for effective planning.

House of Reps moves to block $30 billion annual revenue leakage

The House of Representatives has commenced investigations to identify and block revenue leakages that cost Nigeria in excess of $30 billion annually.

Coalition urges government to transform Nigeria into world class tourist hub

Coalition of Societies for the Rights of Older Persons in Nigeria (COSROPIN), has urged the Federal Government to strengthen policies that would transform the country into a world class tourist hub.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

Mele Kyari: NNPC mulls growing nation’s reserve to 40 billion barrels by 2023

The Nigerian National Petroleum Corporation (NNPC) says its target to grow the nation’s reserve to 40 billion barrels by the year 2023.
Facebook on Tuesday said the coronavirus pandemic has users flocking to its services while it undermines ad revenue on which the world’s biggest social network depends.

Facebook: We won’t share revenue with Australian media

Facebook on Monday rejected calls from the Australian government and news companies that it share advertising revenue with the media, suggesting it would rather cut news content from its platform.
Google is creating a website for people to screen their health and help them find testing sites at Target, Walgreens, CVS, and Walmart locations

Google reportedly rescinds 2,000 contract worker jobs

Google rescinded offers to more than 2,000 contract and temporary workers in an effort to curtail new spending as the pandemic continues to sink ad revenue, according to The New York Times.
Lanre Gbajabiamila, Director General, National Lottery Regulatory Commission, has asked all erring lottery operators to defray all debts owed to the Federal Government or face stiff sanctions.

NLRC assures sports betting operators of government support

Against the backdrop of the challenges posed by the COVID-19 pandemic, the National Lottery Regulatory Commission, NLRC, has said the Federal Government would do all it takes to ensure the Sports Betting sub-sector of the Nigerian Gaming industry does not suffer any undue setbacks during this pandemic period.

Recent Stories

The Judicial Commission of Inquiry set up by Governor Godwin Obaseki to investigate the construction of the Edo Specialist Hospital and supply of equipment has indicted former governor, Adams Oshiomhole.

Governor Osagie: We do not stuff dollars in babaringa in Edo

The Special Adviser to the Edo State Governor on Media and Communication Strategy, Mr. Crusoe Osagie, has said Governor Godwin Obaseki delivers sustainable projects to better the lives of Edo people and does not go about stuffing dollars in babariga, like the Kano State Governor, Abdullahi Ganduje.

Kaduna attacks: Senator Shehu Sani urges concerted efforts by government, security agencies

Malam Shehu Sani, who represented Kaduna Central in the Senate from 2015 to 2019, has called on the Kaduna state government and security agencies to seek out better strategies toward ending killings in the state.
Governor David Nweze Umahi

Ebonyi governor urges President Buhari to increase Nigerian Army funds

Governor David Umahi of Ebonyi State, Friday, called on President Muhammadu Buhari to increase funding and logistics to the Nigeria Army, rather than contemplating sacking the Service Chiefs.
A security officer wearing a face mask to protect against the coronavirus stands outside the Canadian Embassy in Beijing, China on Aug. 6, 2020. Mark Schiefelbein-AP

Canadian sentenced to death on drug charges in China

China sentenced another Canadian to death on drugs charges Friday, the second in two days to be handed the punishment, as tensions soar between Beijing and Ottawa.
Fifteen passengers and a pilot have been reported dead after an Air India Express flight skidded off the runway at Calicut international airport in Kerala.

Many feared dead as Indian plane crashes

Fifteen passengers and a pilot have been reported dead after an Air India Express flight skidded off the runway at Calicut international airport in Kerala.