Here is a new buzz in town you would do well not to ignore. The chairman of the Revenue Mobilisation and Fiscal Commission recently hinted that the commission would begin the process towards reviewing the […]
The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has insisted that its on-going monitoring and verification exercise on tax collections by Deposit Money Banks appointed by the Federal Inland Revenue Service (FIRS) and the Nigeria […]
The Federal Accounts Allocations Committee (FAAC) on Tuesday distributed to the federal, states and local government councils a total sum of N616.198 billion for the month of April, 2019. The communiqué issued by the Technical sub-Committee […]
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) said state governments are right to demand a review of the revenue sharing formula of the Federation Account. Outgone Acting Chairman of the commission, Shettima Abba-Gana, said […]
The Federal Inland Revenue Service (FIRS) has indicated its intention to collaborate with the Central Bank of Nigeria (CBN) to track Value Added Tax (VAT) payments made electronically by foreign entities not registered in the […]
The Nigeria Customs Service (NCS) has generated revenue of N311.2 billion for the first quarter of 2019. A document released by the office of the Public Relations Officer of the service, Joseph Attah, to the […]
Governor Simon Bako Lalong of of Plateau state said Thursday the state government would rebuild the abandoned Jos Terminus Market in order to generate enough revenue to pay the new minimum wage approved by President […]
The management of NASCON Allied Industries (formerly National Salt Company), a member of the Dangote Group Sunday released its financials for the year ended December 31, 2018 with N25.8 billion revenue and a profit after […]
The board of Julius Berger Nigeria, a construction giant has proposed a total dividend of N2.64 billion. The amount translated to N2.00 per share holding by investors. The company full year result released on Friday showed that revenue […]
The Federal Airports Authority of Nigeria (FAAN) has set up a committee to map out plans to boost non-aeronautical revenue, to upgrade airports’ infrastructure nationwide. This is even as the agency said that it was […]
Akwa Ibom State House of Assembly on Wednesday approved N1.7 billon for CCTV cameras just as they passed the 2019 appropriation bill of N672, 984,760,760 into law. The bill represents an increase of over N2bn […]
The Minister of Finance Zainab Shamsuna Ahmed, has charged the Strategic Revenue Growth Initiative (SRGI) Steering Committee on implementation and results delivery of the initiative. Ahmed gave the charge during the inaugural meeting of the […]
In accordance with the provision of Section 154(1) of the Constitution of the Federal Republic of Nigeria 1999 (as amended), President Muhammadu Buhari has forwarded to the Senate for confirmation, the name of Mr Elias […]
Mineral sands miner Iluka Resources has reported a 22% increase in revenue for 2018, as zircon prices increased by 41% on the previous year. Iluka on Friday announced that zircon, rutile and synthetic rutile revenue reached more […]
The Anambra State Government has declared it’s readiness to include Tax payment in the school curriculum with a view to inculcating the ideals and practice of payment of taxes in the younger generation. The State […]
Chellarams Plc has recorded revenue of N8.493 billion for the third quarter financial result ended December 31, 2018. The amount represents a drop of N74.0 million or 0.86 per cent compared with N8.567 billion reported […]
Adamawa and Taraba states Customs Command have generated N168,294,227 out of the revenue target of N197,301,635.98 given to the Command in 2018. This was disclosed yersterday by the Comptroller of the Command, Kamardeen Olumoh at […]
The Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler has announced that the agency is targeting N8.3 trillion from the collection of various taxes in 2019. This is just as it said it collected a […]
The nation’s currency depreciated against the dollar week on week at the Investors & Exporters Forex Window (I&E FXW) by 0.20 per cent. The naira trade at N361.57 amid 19.88 per cent w-o-w decreased turnover […]
The Minister of Finance, Mrs. Kemi Adeosun, disclosed yesterday that the federal government would mobilise more revenues to drive its growth plan for the economy. The minister made this known in Abuja at a meeting […]
After six months after they received the draft copy of the N8.612 trillion 2018 budget estimates from President Muhammadu Buhari at a joint session on November 7, last year, the National Assembly is set to […]
In this interview, the Director-General of the Nigerian Civil Aviation Authority (NCAA) Capt. Muhtar Usman, speaks on the discrepancies in passenger traffic figures for 2017, under-declaration of revenues accruing from 5 per cent ticket sales […]
As part of its efforts to boost revenue accruals into the Federation Account, the Revenue Mobilization Allocation and Fiscal Commission (RMAFC} has recovered the sum of N57.7 billion unremitted revenues from collecting banks following intensive […]
National Engineering and Technical Company Limited (NETCO) on Friday reported a 122 per cent revenue increase for 2017 financial year. NNPC Chief Operating Officer, Upstream, Bello Rabiu, said the revenue grew from about N10.13 billion […]
Lafarge Wapco has recorded growth in its revenue as it grow to N299.153 billion at the end of 2017 financial year. The result represents an increase of N79.439 billion or 36 per cent compared with […]
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