Revenue Archives — City Business News

April 4, 2024 No Responses

Customs Declares ₦1.3tri Revenue In Q1

For the first quarter of 2024, the Nigeria Customs Service (NCS) generated N1.3trillion revenue. Briefing Journalists on Wednesday, the Comptroller General of Customs, Adewale Adeniyi, explained that over 572 seizures were made with a duty-paid value of N10bn....

March 7, 2024 No Responses

NPA Explains $1b Reconstruction Agenda For Tincan Island Port, Others

NPA Explains $1b Reconstruction Agenda For Tincan Island Port, Others The Nigerian Ports Authority (NPA) has announced an ambitious $1 billion reconstruction plan for the Tincan Island Port Complex as well as the comprehensive rehabilitation of Apapa, Rivers, ...

March 1, 2024 No Responses

Owerri Customs Impounds N5.35b Contrabands In 2023

Between January and December, 2023, the Nigerian Customs Service (NCS), Federal Operations Unit (FOU), Zone C, Owerri, recovered N5.5billion from smugglers and fraudulent importers. A statement on Friday explained that the unit intercepted contraband from smug...

February 2, 2024 No Responses

Atiku Faults FG’s Plan To Remit NNPC Crude Oil Revenue To CBN

The presidential candidate of the Peoples Democratic Party (PDP) in the last general election, Atiku Abubakar, has described the directive from the federal government to remit revenue from the sale of crude oil to the Central Bank Nigeria (CBN) of...

January 25, 2024 No Responses

FIRS Targets N19tri In 2024, Attains N12tri In 2023

For the year 2023, the Federal Inland Revenue Service (FIRS), collected N12.374 trillion as tax revenue, surpassing the year’s target of N10.7 trillion. The Chairman of FIRS, Zacch Adedeji disclosed this at the opening of a two-day strategic management ...

January 24, 2024 No Responses

Expert Tasks FG On Listings, Tax Revenue

The Managing Director/Chief Executive of Arthur Steven Asset Management Limited, Mr Olatunde Amolegbe, has called on the Federal Government to encourage listings on the nation’s bourse as part of measures to boost capital market participation and tax rev...

January 4, 2024 No Responses

Customs Boss Tasks Personnel On N5.1Trillion Revenue Target For 2024

The Nigeria Customs Service (NCS) cannot afford to disappoint the country in realising its N5 trillion revenue target for 2024. Comptroller General, Adewale Adeniyi, said this shortly after decorating some promoted officers of the service on Thursday, in...

December 12, 2023 No Responses

Nigeria Customs Targets N6tri Revenue In 2024

The Nigeria Customs Service (NCS) has concluded plans to generate N6trillion revenue for the Federal Government in 2024. The NCS Comptroller-General, Mr Adewale Adeniyi, stated this at the 2024 budget defense before the House of Representatives Committee on Ap...

October 6, 2023 No Responses

Divestments Of Oil Assets: NCDMB Warns Against Reduction In Compliance, Tax Revenue

The ongoing and planned divestments of onshore assets by some international operating oil and gas companies (IOCs) and subsequent acquisition by Nigerian operating companies must not be allowed to impact negatively on the level of compliance with the Nigerian ...

September 2, 2023 No Responses

Keyamo: Lagos Accounts For 60 Per Cent Of FAAN’s Revenue

Minister of Aviation and Aerospace Development, Festus Keyamo has expressed the Federal Government’s desire to optimize the generating capacity of the Federal Airport Authority of Nigeria (FAAN). Speaking during the facility visit of the Lagos Airport, K...

August 10, 2023 No Responses

Committee Projects FIRS As Sole Revenue Collection Agency For FG

Barring last-minute adjustment, a proposal by the Presidential Committee on Tax Policy and Fiscal Reforms may stop about 63 Ministries, Department and Agencies (MDA) from collecting revenue on behalf of the Federal Government. Some of the agencies are the Nige...

August 8, 2023 No Responses

Seplat Energy’s Gas Revenue Grows To $63.7m

Seplat Energy Plc has within a year experienced a 10.2 per cent gas revenue, reaching $63.7 million in 6M 2023 (compared to $57.8 million in 6M 2022). This growth is attributed to increased realised gas prices and a rise in sales...

July 30, 2023 No Responses

Customs M.M Airport Command Generates N38b In Six Months

Between January and June 2023, the Murtala Muhammed Airport MMA Command of the Nigeria Customs Service (NCS) generated N38,707,054, 216.44 representing 79.6 percent of the annual revenue target met. The Area Command Controller, M.S Yusuf in a statement explain...