Revenue Archives — Page 8 of 9

July 22, 2020 No Responses

Ogun Generates N15.11b Revenue In Six Months

The Ogun Internal Revenue Service (OGIRS), on Wednesday said it generated N15.11 billion revenue between January and June for the state government. Mr Adekunle Adeosun, the Head of the Agency, stated this while appearing before members of Ogun Assembly committee on Finance...

July 21, 2020 No Responses

Labour Commends FIRS Over Increase In Revenue Generation

Organised Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has commended the management team of the Federal Inland Revenue Service (FIRS) for considerably boosting Federal Government revenue via stamp duty collection just as it...

July 9, 2020 No Responses

Anambra Generates N26.4b In 2019

The Anambra state Government on Thursday said it realized N26.4 billion as Internally Generated Revenue (IGR) in 2019. Mr David Nzekwu, Chairman of the State Internal Revenue Service, stated this while defending the agency’s financial transactions in 2...

July 1, 2020 No Responses

FIRS Generates N66b From Stamp Duty In Five Months

Between January and May, this year, the Federal Inland Revenue Service (FIRS) generated the sum of N66 billion from stamp duty. In a statement on Tuesday, Abdullahi Ahmad, the FIRS Director, Communications and Liaison Department explained that the Executive Ch...

May 8, 2020 No Responses

Nigeria‘s Seaport Revenue To Drop By 75 Per Cent in 2020

By citybusinessnews@yahoo.com — Due to the ongoing economic crisis generated by the outbreak of Coronavirus pandemic (Covid-19), Nigeria is to lose 75% of its Seaport revenue in 2020. Speaking on Thursday during an interactive session on Webinar ta...

April 23, 2020 No Responses

FAAC Shares N780.926b Revenue To FG, States, LGs

The Federation Accounts Allocation Committee (FAAC) has shared N780.926 billion as March Federation Account Revenue to the Federal, States, Local Governments and relevant Agencies in the country. Mr Henshaw Ogubike, Director, Information, Press and Public Rela...

March 25, 2020 No Responses

Five Largest Banks Declare $26.1b Revenue

Trade tensions, slow growth, and low-interest rates all left their mark on the world’s largest banks last year, affecting the investment banking revenue they racked up. The five largest global banks hit $26.1bn in investment banking revenue in 2019, 3%...

March 9, 2020 No Responses

FCT Targets N100bn Revenue In 2020

The Federal Capital Territory Internal Revenue Service (FCT IRS) has projected N100billion revenue in 2020. The Executive Chairman of FCT IRS, Mr Abdullahi Attah disclosed this in an interview with News Agency of Nigeria (NAN) in Abuja on Sunday. He...

February 16, 2020 No Responses

Ikeja Electric Targets N170b Revenue In 2020

Ikeja Electric (IE) has projected total revenue of N170 billion in 2020 with the implementation of the increment in various classes of electricity tariff. The company is to create a new tariff class called Bilateral for customers and had signed...

February 8, 2020 No Responses

FIRS Targets N8.5tri Revenue In 2020

The Federal Inland Revenue Service (FIRS) is to attain N8.5 trillion revenue in 2020. The Executive Chairman of FIRS, Mr Muhammad Nami, disclosed this at the 2020 Corporate Plan Retreat in Abuja on Friday. Nami said that the 2020 target...

December 16, 2019 No Responses

Nigeria Lauds Dangote’s $30b Domestic Revenue Generation Drive

The Federal Government on Sunday commended the Dangote Group for its proposed plan to expand its domestic revenue generation drive from four billion dollars to 30 billion dollars annually from 2021 to boost the nation’s economy....

November 21, 2019 No Responses

FG, States, LGs Share N702.058b

The Federation Accounts Allocation Committee (FAAC) on Wednesday shared a total of N702.058 billion to the three tiers of government for the month of October. This was announced in a communique read by Accountant General of the Federation, Mr Ahmed...

November 6, 2019 No Responses

FIRS Targets 80% Non-Oil Sector Revenue

The Federal Inland Revenue Service (FIRS) has predicted that non-oil sector will contribute 80 per cent of Nigeria’s revenue in the next three years. FIRS Head of Communications and Servicom Department, Mr Wahab Gbadamosi, made this known i...

October 31, 2019 No Responses

MTN Nigeria Posts N856.48b Revenue In Nine months

MTN Nigeria Communications Plc has announced a revenue of N856.48 billion for nine months ended September 30, 2019. The unaudited result showed that the revenue represented a growth of 12.03 per cent when compared with N764.46 billion achieved in the...