Revenue Archives — Page 2 of 9

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 retreat of...

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...

July 29, 2023 No Responses

Seplat Energy Declares N278.3b Revenue In Six Months

Seplat Energy Plc, listed on the Nigerian Exchange Limited and the London Stock Exchange, has announced its unaudited results for the six months ended 30 June 2023, recording a rise in revenue by 3.8 per cent to N278.3billion from N219...

July 18, 2023 No Responses

NPA Generates N191.4b Revenue In Six Months, Remits N55.7b To CRF

The Nigerian Ports Authority (NPA) has generated a total revenue of N191, 430,093,501.00 (One hundred and ninety-one billion, four hundred and thirty million, ninety-three thousand and five hundred and one naira only) from its operations in the first half of.....

July 11, 2023 No Responses

FIRS Extends Due Date For Filing 2023 Companies Income Tax Returns

Companies that were unable to file Income Tax returns for the 2023 year of assessment (YOA) that fell due on the 30th of June 2023 have been given up to 31st August, 2023 to submit their returns to the Federal...

May 24, 2023 No Responses

Anambra Declares 33 Per Cent Increase In IGR

THE Anambra Internal Revenue Service (AIRS) has declared increase in the state’s monthly internally generated revenue (IGR) from an average of N1.5 billion to N2 billion. Speaking during an interactive session with Journalists on Tuesday in Awka, the Chairma...

May 16, 2023 No Responses

Okonjo-Iweala Cautions Nigeria On Debt Service To Revenue Ratio

The Director-General, World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, on Monday described Nigeria’s debt service to revenue ratio as alarming. Dr. Okonjo-Iweala, who spoke at the Nigeria Governors’ Forum (NGF) 2023 induction for newly elected gove...