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FAAC shares N590.546bn February 2022 revenue to FG, States, LGCs

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The Federation Accounts Allocation Committee (FAAC) has shared a total sum of N590.546 billion February 2022 Federation Account Revenue to the Federal Government, States...

Touts dare Soludo’s revenue order, attack tricycle operator in Awka

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gang of touts on Sunday descended heavily on an unidentified tricyclist for reportedly refusing to pay daily collection of N200 at the park where...

Nigerian Breweries’ annual revenue grows by 29.7%

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Nigerian Breweries Plc has said its revenue for the 2021 financial year rose by 29.7 per cent to N437.19bn from N337.01bn in 2020. A statement...

Ortom vows to treat operators of illegal revenue checkpoints as armed...

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By Chibuike Nwabuko Abuja (Sundiata Post) - Henceforth, all operators of illegal revenue collection checkpoints in Benue State will be treated like armed...

Fed Govt gives Customs N4.1tr revenue target

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The Federal Government has set a revenue target of N4.1trillion for the Nigeria Customs Service (NCS) this year. The service contributed N2.24trillion into the Consolidated...

2023: Taraba Speaker caution politicians against hate politics

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By Sylvanus Viashima Jalingo (Sundiata Post) - As the preparations ahead of the 2023 general elections gathers momentum, the Speaker of the Taraba State...

2022 Budget: Lagos targets ₦1.2trn revenue to finance ₦5.2bn deficit

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Lagos State Government has said that the deficit of ₦521.275 billion of the 2022 budget will be funded through ₦1.237 trillion targeted revenue as...

Budget 2022: How we ‘ll raise N10. 74trn revenue – Finance...

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The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has unveiled the federal government’s strategic initiative for a robust revenue generation that...

Nigeria’s crude oil earnings hit N12.4tn in 11 months – Report

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Abuja - Nigeria produced a total of 440.774 million barrels of crude oil valued at about N12.4tn between January and November 2021, an...

Automation: NIMASA adopts digital manifest management to avert revenue leakages –...

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By Chibuike Nwabuko Abuja (Sundiata Post) - The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh said...

Group urges continuous legal education for Nigerian lawyers

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The Chairman, Governing Council of the Nigerian Bar Association, Young Lawyers Forum, Tobi Adebowale, has called for continuous legal education for Nigerian lawyers, yesterday....

Oil Sector: Upstream Commission Boss, Komolafe promises increase investment

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By Chibuike Nwabuko Abuja - Chief Executive Officer, Nigerian Upstream Regulatory Commission (NURC) Engr. Gbenga Komolafe, has pledged the Federal Government’s commitment to shore...

Banks now depend heavily on telecoms to get things done –...

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By Segun Fatuase LAGOS - Group Managing Director of Zenith Bank, Mr. Ebenezer Onyeagwu has commended the phenomenal growth of telecommunications in Nigeria, stressing that...

Tax Audit: FIRS institutes compliance measures on operators in Maritime, Aviation...

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By Chibuike Nwabuko Abuja (Sundiata Post) - The Federal Inland Revenue Service (FIRS) has hinted that it will soon launch a tax audit exercise...

KEDCO decries revenue losses over meter bypass in Kano, Katsina, Jigawa

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The Kano Electricity Distribution Company (KEDCO) said the company was recording revenue losses due to meter bypass and illegal connection in Kano State, Katsina...

Ecobank Group’s Q1 profit rises to N40.3bn

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Ecobank Transnational Incorporated, on Tuesday, said its profit before tax rose by 22 per cent to N40.3bn in the first quarter of 2021. It disclosed...

African Airlines’ Traffic Declined By 68% In February

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African airlines’ traffic reduced by 68 per cent in February compared to the figure obtained in February 2019, the International Air Transport Association (IATA)...

FIRS Still in Charge of Stamp Duties Collection

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The Federal Inland Revenue Service (FIRS) has debunked news reports which claimed that the Finance Act 2020 has stripped it of Stamp Duty collection...

FG Plans 20% hike in petrol freight cost

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The Federal Government is planning a 20 per cent hike in the cost of freighting petrol across the country, as part of measures to...

DisCos fail to remit N160.1b in Q2, 2020

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The Nigerian Electricity Regulatory Commission (NERC) said the 11 electricity Distribution Companies (DisCos) failed to remit N160.1 billion in Second Quarters (Q2 2020) to...