Revenue: RMFAC Proposes New Sharing Formula For FG, States, LGs Oluwadamilare Emmanuel Aug 24, 2021 The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has announced plans to commence the process for a new revenue…
FAAC shares N681.330bn revenue to FG, states, LGs Oluwadamilare Emmanuel Apr 24, 2021 The Federation Accounts Allocation Committee (FAAC) has shared a total of N681.33 billion as March 2021 federation revenue to the…
Lekki Shooting: Tinubu urges Govt to donate revenue to victims Olusegun Kugbayi Oct 26, 2020 Mr Bola Tinubu, the All Progressives Congress (APC) party leader, has proposed that revenue from the Lekki tollgate, Lagos State,…
FG sends directors to FIRS, NNPC, NCC, CAC, six others over declining… Oluwadamilare Emmanuel Sep 23, 2020 The Federal Government, hit by double whammy of declining revenue and increasing debt, moved Tuesday to monitor revenue management…
FG monthly oil sales revenue drops by 75% Olusegun Kugbayi Sep 22, 2020 The Federal Government saw its crude oil sales revenue plunge by 74.89 per cent in July to a record low of $55.29million,…
COVID-19: Nigeria records 60% drop in revenue – Osinbajo Oluwadamilare Emmanuel Sep 8, 2020 Nigeria’s revenues and foreign exchange earnings have taken a 60 per cent plunge due to the COVID-19 pandemic, the Presidency said…
Business Lagos declares N432b revenue despite COVID-19 crisis Oluwadamilare Emmanuel Aug 28, 2020 The Lagos State Government on Thursday said it generated N432.6 billion in the first half of 2020 despite raging COVID-19. This…
Nigeria’s power sector loses N468.4bn revenue in seven months Oluwadamilare Emmanuel Aug 25, 2020 Nigeria’s power sector lost about N468.4 billion between January and August 21 this year, the latest documents covering the…
FG, States, Councils share N651.184b for June Oluwadamilare Emmanuel Jul 20, 2020 The Federation Accounts Allocation Committee (FAAC) has shared N651.184 billion as June 2020 Federation Account Revenue to the…
COVID-19: Lagos generated N25bn revenue during total lockdown Oluwadamilare Emmanuel Jun 27, 2020 The Lagos Inland Revenue Service (LIRS) said it generated a whooping N25 billion through taxation in April when there was total…