Revenue Archives — City Business News

April 23, 2025 No Responses

Customs Attains N1.75tri Revenue In Q1

For the 2025 first quarter (Q1), the Comptroller General, Nigeria Customs Service (NCS), Mr. Bashir Adewale Adeniyi, on Tuesday disclosed that the service attained N1.75 trillion in revenue, compared to N1.35 trillion in 2024 Q1. Month on month, January’s collection...

April 19, 2025 No Responses

KLT Customs Command Attains 61 Per Cent Increase In 2025 Q1 Revenue

For the first quarter (QI), 2025, the Nigeria Customs Service (NCS), Kirikiri Lighter Terminal (KLT) Area Command recorded 61% increase in revenue generation while also intensifying efforts against illicit imports.Briefing Journalists, the Customs Area Control...

March 18, 2025 No Responses

Apapa Customs Attains ₦18.9b Daily Collection

The Apapa Port Command of Nigeria Customs Service (NCS), on Friday, March 14, 2024 attained daily revenue collection of ₦18.9billion, the highest in the history of the command. City Business News reports that the new record breaks the existing highest....

March 17, 2025 No Responses

Edo Revenue Service To Partner Insurance Practitioners

The Edo State Internal Revenue Service (EIRS) is to collaborate with the forum of Insurance Practitioners in Edo State for effective service delivery. This was revealed by the representative of the Executive Chairman, Sir Michael Ohio-Ezomo, Executive Di...

March 15, 2025 No Responses

Porsche To Cut 3,900 Jobs

Porsche is planning to reduce its workforce by approximately 3,900 positions in an effort to improve profitability. The German luxury carmaker will reduce its workforce by around 1,900 positions by 2029, leveraging demographic changes, natural turnover, and a ...

March 6, 2025 No Responses

EDO Tasks Security Agencies On Illegal Revenue Collectors

The Edo State Internal Service has charged security agencies in the State to join in the fight and get rid of illegal revenue collectors. Giving the charge at a one-day security meeting with security agencies, the Executive Chairman, Oladele Bankole-Balogun...

January 17, 2025 No Responses

NIMASA Targets N537b Revenue In 2025

The Nigerian Maritime Administration and Safety Agency (NIMASA) is to attain N560 billion revenue for the year 2025. Director General of NIMASA, Dr. Dayo Moboreola, announced this on Thursday during the agency’s budget defence before the Nati...

January 16, 2025 No Responses

NPA: NASS Raises 2025 Revenue Target To ₦1.7tri

The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, on Wednesday disclosed that the agency generated N753 billion in 2024. The NPA boss who stated this during a presentation on NPA’s 2024 revenue performance and 2025 projections to ...

December 16, 2024 No Responses

CGC To Comptroller Olomu: Sustain Tempo Of High Revenue With Compliance

Comptroller General of Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, has commended the Area Controller of Apapa Port Command, Comptroller Babatunde Olomu, for the command’s outstanding revenue collection of over N2.2trillion and urged him to sus...

December 6, 2024 No Responses

South-South Senators Back Tax Reform Bills

The lawmakers under the aegis of the South-South Senators’ Forum stressed the importance of tax reforms in boosting national revenue and fostering economic stability. The bills are the Joint Revenue Board of Nigeria (Establishment) Bill, 2024 -SB.583; the Ni...

December 2, 2024 No Responses

Compt. Nnadi Gets Revenue, Infrastructure Upgrade Awards

Customs Area Controller, Tin Can Island Command, Comptroller Dera Nnadi has bagged special awards in respect of his outstanding revenue collection and infrastructure upgrade at the maiden edition of Comptroller General’s Awards held on Friday in Abuja. Speak...

November 14, 2024 No Responses

Customs Revenue Collection Hit N5.7tri

The Nigeria Customs Service (NCS), on Wednesday, announced a revenue collection of N5.7 trillion as of November 12, 2024. The Comptroller-General of Customs, Adewale Adeniyi, disclosed this at the ongoing 2024 Comptroller-General of Customs Conference in Abuja...

October 18, 2024 No Responses

FG, States, LGAs Share N1.289tri

The Federation Account Allocation Committee (FAAC), at its October 2024 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.298 Trillion to the three tiers of government as...

September 19, 2024 No Responses

Nigeria Targets $1.5b Revenue From Halal By 2027

Nigeria has embraced the Halal economy and is hoping to leverage the opportunities to add the sum of $1.5bn to the country’s GDP by 2027, Vice President Kashim Shettima has said. Shettima revealed this as he attended the Nigeria Halal...