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Revenue

Business and Economy

Federal allocation shared in December higher by N40bn than November’s

THE Federation Account Allocation Committee (FAAC) has confirmed it shared N1.13 trillion among the three tiers of government in...
Harrison EDEH -
Business and Economy

NNPC spent N788bn on salaries, N13bn on entertainment, N20bn for phone calls in 2 years

THE Nigerian National Petroleum Company Limited (NNPCL) incurred a total of N788.7 billion administrative expenses in 2021. This is an...
Nurudeen AKEWUSHOLA -
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Featured News

REPORT: 13 Nigerian states are broke, lack revenue capacity to fund recurrent expenditure

THIRTEEN states in the country are not fiscally sustainable and lack the revenue capacity to fund their recurrent revenue...
IHUOMA Chiedozie -
Featured News

Revenue from VAT increases by N30bn in first quarter – NBS

VALUE Added Tax (VAT) data for the first quarter (Q1) of  2020 has shown that the sum of N338.94...
Paul Owolabi -
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Featured News

How Nigeria may exhaust her untapped oil reserves in 59 years, or earlier

ENDING half a century of unproductive exploration, in 1956, Nigeria discovered oil in commercial quantities in the Niger Delta....
'Kunle ADEBAJO -
Featured News

In six months, governors received N760.18bn Paris Club refund ‘to pay workers’ salaries’

The federal government released N760.18bn Paris Club debt refund to 36 states and the Federal Capital Territory (FCT) in the first...
Chikezie OMEJE -
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