The Nigerian Extractive Industries Transparency Initiative (NEITI) said the solid minerals sector has contributed around N1.137 trillion in direct payments to various government levels over 16...
The Federal Inland Revenue Service (FIRS) generated N1.56 trillion in Value Added Tax (VAT) in the second quarter (Q2) of 2024, according to the latest report...
Nigeria’s fiscal state has reached alarming levels as a recent report by BudgIT, a public accountability firm, reveals that the Federal Government (FG) spent more than...
Lagos State Governor, Babajide Sanwo-Olu, has launched the Lagos Revenue Portal (LRP), a digital platform designed to streamline and simplify tax payments for both businesses and...
Nigeria’s revenue from Nigeria Liquefied Natural Gas (NLNG) Limited has plummeted by 43 percent, largely due to ongoing gas supply challenges. According to the latest data...
The Minister of Finance, Wale Edun, has announced that federal government revenue from the oil sector increased from 11% in 2023 to 30% in the first...
In a striking indication of the challenges facing Nigeria’s manufacturing sector, tax payments from manufacturers have plummeted to their lowest level in three years. According to...
President Bola Tinubu inaugurated the National Single Window Project to streamline trade processes and combat bureaucratic bottlenecks. The initiative promises to unlock significant economic benefits and...
The Nigerian Ports Authority (NPA) has announced a historic surge in revenue generation for the fiscal year 2023 to N501 billion. This significant achievement reflects a...
The Comptroller-General of the Nigerian Customs Service (NCS), Adewale Adeniyi, has expressed confidence in the service’s ability to surpass its revenue target of N5.079 trillion in...