Home Topics Revenues
Challenged by dwindling revenue and crippling debt amid the COVID-19 pestilence, the Office of the Accountant-General of the Federation (OAGF) on Tuesday began a training programme for treasury officers who will be deployed to strategic Federal Government Owned Enterprises (FGOEs) as Revenue Directors to help swell government’s purse.
Local miners operating in Zamfara State, who were accused recently by the state Governor, Hon. Bello Muhammad Matawalle, of exchanging gold products for firearms with foreigners have reacted swiftly denying the allegations of exchanging gold with foreigners for weapons.
Angola plans to join the Extractive Industries Transparency Initiative (EITI), an international effort to fight corruption in revenues from oil, gas and mineral extraction.
The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has called for more development of the gas infrastructure with a view to harnessing more revenues from the sector to the federation account.
Algeria said on Sunday it had given the go-ahead to a plan aimed at offering Islamic finance services, as it seeks new funding sources to cope with financial problems caused by a fall in energy revenues.
One of Africa’s largest cement producers, BUA Cement, has announced an impressive 2020 half-year results declaring revenues of N101.3billion and a Profit After Tax of N34.82billion, representing an increase of 12.7% and 13.74% respectively from the corresponding period in 2019. This was contained in a filing to the Nigerian Stock Exchange.
“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.
The Federal Government on Monday announced some lifelines for the broadcast industry as ways of cushioning the effects of COVID-19 pandemic on the industry.
FIFA is now budgeting for this year’s revenues to come in a little more than half of its original projections, as a consequence of coronavirus.
The Nigerian Customs Service (NCS), on Thursday said it had generated N573 billion between January and May from total targeted revenue of N957 billion for the 2020 fiscal year.
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.
The chairman of the Northern Broadcast Media Owners Association (NBMOA), Dr. Ahmed Tijjani Ramalan, revealed this saying the shut down would affect about 40 radio and television stations spread across the Northeast, Northwest and North Central, which collectively employ about 40,000 personnel in such fields as engineering, journalism, administration and marketing.
Gov. Yahaya Bello of Kogi has ordered the immediate suspension of the Vice Chancellor of Kogi State University, Ayangba and the Rector of Kogi State Polytechnic, Lokoja.
The Police Command in Ebonyi has confirmed Thursday’s attack on Uburu Police Station in Ohaozara Local Government Area of the state by suspected hoodlums.
A coalition of women groups, Mothers United and Mobilised (MUM), has called on President Muhammadu Buhari to constitute a transparent panel of inquiry into alleged shooting of unarmed EndSARS protesters in Lekki on Tuesday.
The Institute for Peace and Conflict Resolution (IPCR) has invited the youths currently protesting against police brutality with the hashtag, #ENDSARS for a dialogue with officials of the institute.
Manchester United will approach Saturday’s home English Premier League (EPL) clash with Chelsea in buoyant mood rather than in trepidation.
China on Thursday threatened to make a “legitimate and necessary” retaliation over the US sale of $1 billion worth of missiles to Taiwan as Beijing becomes increasingly strident over its claims to the self-ruled island.
The Enugu State Government has exempted health, essential, and emergency workers from the curfew imposed on the three Local Government Areas (LGAs) that make up Enugu metropolis.
Foremost rights advocacy group, the Human Rights Writers Association of Nigeria, HURIWA, has condemned what it called the silence of President Muhammadu Buhari over protests against operatives of the Special Anti-Robbery Squad, SARS, a unit of the Nigeria Police Force, in the past two weeks.
Club Brugge began their 2020-21 Champions League campaign with a 2-1 triumph over Zenit St. Petersburg.
The United States Government has shut down its embassy in Lagos. It also warned its citizens in Nigeria to be wary of the protest in the country by being vigilante and avoid areas affected by the ongoing protests
The governor of Osun State, Gboyega Oyetola, has declared a 24-hour curfew on the state, effective from 11:59 pm (today), until further notice.