Digital Economy: NCC, others generate N1.05trn in 2 years
August 19, 2021 About N360 billion of this revenue was largely from Spectrum allocated by the National Frequency Management Council (NFMC) to the Nigerian Communications Commission (NCC) and National Broadcasting…
Federation Account: How FG, States Shared N7.23tr in 2020, Lagos, Delta lead states
Lagos N299, Delta N247bn, Akwa-Ibom N212bn, Rivers N198, Kano N174 Lowest Allocations: Gombe, Ebonyi, Nasarawa, Ekiti and Kwara Received less than N80bn each A new report by Economic Confidential has…
10 days after, Buhari Twitter ban grounds businesses as more Nigerians count losses
June 15, 2021 NOI Polls estimates that 39.6 million Nigerians use Twitter – 20% of them for business advertisement and 18% to look for employment. Experts warn its lack of…
Lottery commission targets more revenue for govt., dividends for players
MAY 16, 2021 The National Lottery Regulatory Commission (NLRC) said on Sunday in Abuja that its new strategy, the “Central Monitoring System’’ would boost government’s revenue collection and yield more…
Low oil price, Covid-19: Nigeria’s revenue drops by 60%, economy under pressure
Minister of State for Petroleum Resources, Mr Timipre Sylva, says Federal Government’s earnings, from oil and non-oil sectors coupled with low revenue receipts from the Federal Inland Revenue Service (FIRS),…
NCC remits N344.71bn into FG’s Consolidated Revenue Fund in 5 years
The Nigerian Communications Commission (NCC), says it remitted N344.71 billion into the Federal Government’s Consolidated Revenue Fund (CRF) in the last five years. NCC Executive Vice Chairman, Prof. Umar Danbatta,…
Covid-19 robs NBA of $1.5 billion in revenue; Board to fix start of new season
The NBA, which was the first pro league to suspend play amid the COVID-19 pandemic, made $1.5 billion less than it projected last season due to the pandemic and other…
Stop under-remittance of funds to FG account: Speaker warns Agencies
The Speaker of the House of Representatives, Rep. Femi Gbajabimila, on Thursday said that the parliament would no longer tolerate under remittance of funds by revenue generating agencies to the…
Delta has highest revenue of N213.63bn in 2018; Osun least with N22.84bn
Fiscal Responsibility Commission (FRC) has put the total net revenue of the 36 states and Federal Capital Territory (FCT) at N2.57 trillion excluding the Internally Generated Revenue (IGR). Mr Victor…
Incredible: MTN Nigeria makes N856.48bn in nine months of 2019
MTN Nigeria Communications Plc on Wednesday announced a revenue of N856.48 billion for nine months ended Sept. 30, 2019. The revenue figure is on the company’s nine months unaudited result…