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Nigeria’s Gross Domestic Product (GDP) grew by 2.25% (year-on-year) in real terms in the third quarter of 2022. In its Gross Domestic Product Q3 2022 report, the National Bureau of …
Nigeria’s GDP grows 2.26% in Q3 2022 Read More
Stakeholders in the African Fintech startups have called for more collaboration in the ecosystem to achieve a common goal of improving the payment system across the African continent. Speakers at …
Stakeholders advocate collaboration among African Fintech startups Read More
The right of African countries to use their natural gas reserves should be reflected in any deal at the COP27 climate talks, the president of the African Development Bank has …
Africa deserves right to use natural gas reserves – Adesina Read More
Niger state government has set up a committee to investigate allegations of financial misappropriation against the chairman of Niger state Internal Revenue Service, Mohammed Madami Etsu. The Secretary to the …
Niger probes internal revenue service chair Read More
To boost revenue into the federal government coffer from the aviation sector, the FG has engaged a service company to collect helicopter landing and take-off charges from over 250 landing …
FG targets multi-billion naira revenues from helicopters landing platforms Read More
In spite of the dwindling oil revenue, the federal government continues in its resolve to bridge the country’s huge infrastructure gap, which invariably has led to Nigeria’s high debt profile; …
Nigeria caught in the web of dwindling revenues, increased borrowings Read MoreIn its bid to mitigate the dwindling revenue and foster more non-oil revenue streams, the federal government Thursday said it was on the verge of deploying an Integrated Secure Track …
FG to deploy PPP to boost revenue, receives OBC from ICRC Read More
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has said that deployment of tax revenues for the common good of the citizens will increase tax compliance …
Good use of tax revenue’ll enhance tax morale, compliance – FIRS Read More
Nigeria is facing serious financial crisis with government revenue dwindling on daily basis. The high rate of debt running into trillions of naira incurred by government which exceeds its revenue …
Tackling the menace of oil theft Read More
Mrs Zainab Ahmed, Nigeria’s docile minister of finance, budget and national planning, made a casual remark last week that inadvertently exposed the gross ineptitude and selfishness of Nigerian rulers. While …
Low tax revenue: Zainab Ahmed’s lame excuse Read More“…The government of Nigeria, from the financial perspective, is facing an existential threat…” That is the verdict from the World Bank. Nigeria is financially bankrupt. Everyone knows it. The federal …
The existential threat from plummeting revenue Read More
United Capital has recorded revenue of N9.118 billion in the first half of 2022 financial year. The amount represents an increase of 32.92 per cent compared with N6.854 billion recorded …
United Capital records N9.118bn revenue in H1’22 Read More
Unilever Nigeria Plc has recorded revenue of N23.246 billion in its six months financial year ended June 30, 2021. The company’s interim financial statement submitted at the Nigerian Exchange showed …
Unilever records revenue of N23.25bn in 6 months Read More
Acting chairman, Kogi State Internal Revenue Service (KGIRS), Sule Salihu Enehe, has charged the staff of the agency to be committed in ensuring that the Service meets its 2022 target …
KGIRS vows to hit revenue target, tasks staff on hard work Read MoreNigeria has lost a staggering $1 billion in revenue in the first quarter of 2022 to oil oil thieves, energy top official said. Gbenga Komolafe, the head of the Nigerian …
Nigeria lost $1bn revenue to crude oil theft in Q1 2022 Read More
As authorities continually depend upon revenue from oil which over the years has been on a downward slide, experts say the federal government should focus more on the non-oil sector …
Breaking Nigeria’s dependence on oil revenue Read MoreAs Nigeria rations its scarce foreign exchange, foreign operators operating in the country are paying heavy price as they are blocked from repatriating a sum of $450 million (N188.6 billion) …
Forex scarcity: $450m ticket revenue of foreign airlines trapped in Nigeria Read MoreIn spite higher oil prices in the global market for sometimes now, revenue accruable to the purse of the federal government has slowed considerably on account of Nigeria not being …
Oil revenue down 7.8% to N945bn despite high prices Read More
The International Monetary Fund (IMF) has warned authorities in Nigeria that, unless revenue is increased, the incoming president, President Mohammadu Buhari will hand over power to May next year may …
Nigeria’s next president may spend revenue on debt servicing – IMF Read MoreThe International Monetary Fund (IMF)’s 2021 Article IV estimates that giant of Africa, Nigeria spends 85.5 per cent of total revenue to service its total deb of $95.17 billion in …
Nigeria spends 85.5% revenue to service $94.17bn debt Read More
FCMB Group Plc has announced its financial results for the year ended December 31, 2021. The leading financial services organisation has been able to sustain impressive performance across several key …
FCMB Group’s revenue hits N212bn, profit rises to N22.7bn in 2021 Read More
Custodian Investment Plc has recorded a revenue growth of 14 percent for its financial year ended December 31, 2021. The audited accounts of the group, released in Lagos, indicated that …
Custodian Investment records 14% revenue growth, pays 50 kobo dividend Read More
Your Excellency Governor A A sule, I am writing this letter to you through this medium with every sense of humility, respect and, by extension, high esteem for your exalted …
Open letter to Gov Sule on Nasarawa State Revenue Board Read More
Nestlé Nigeria Plc has announced its financial results for the financial year 2021, posting a revenue of N 351.8 billion .The amount represents 22.6 per cent growth over N287.084 billion …
Nestle posts N351.8bn revenue in full year result Read More
Transcorp Hotels Plc has announced its Audited Financial Statements for the full year ended December 31, 2021. The results published on the Nigerian Group Exchange showed a 114 per cent …
Transcorp Hotels’ revenue grows 114% to N21.74bn Read More