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Tag "Revenue"

FAAC: FG, states, LGAs share N802bn as allocation in June — up by N121bn

    FAAC: FG, states, LGAs share N802bn as allocation in June — up by N121bn

The federation account allocation committee (FAAC) says it shared N802.407 billion among the three tiers of government in June 2022. The figure represents an increase of N121.624 compared to last month’s

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Flour Mills records 51% increase in revenue

    Flour Mills records 51% increase in revenue

Flour Mills of Nigeria (FMN) has recorded an annual revenue increase of 51 per cent across all business segments. The company’s audited financial statement for the year ended March 31,

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Report: Nigeria earned $394bn oil revenue in 10 years

    Report: Nigeria earned $394bn oil revenue in 10 years

The Nigeria Extractive Industries Transparency Initiative (NEITI) says revenue from the oil and gas sector amounted to $394.02 billion from 2011 to 2020.  NEITI disclosed this in its oil and

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Dangote Sugar reports N276.5bn revenue in 2021 — 28% increase from 2020

    Dangote Sugar reports N276.5bn revenue in 2021 — 28% increase from 2020

Dangote Sugar Refinery says it recorded N276.50 billion in revenue in 2021 — up by 28.8 percent from N214.30 billion recorded in 2020.  According to the company, a gross profit

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Anambra records N1.3bn revenue shortfall from land registration in 10 months

  Anambra records N1.3bn revenue shortfall from land registration in 10 months

The Anambra state government says it generated N1.3 billion revenue deficit from January to October 2021.  This is 28 percent

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Boosting tax revenues: An imperative for economic recovery across Africa

  Boosting tax revenues: An imperative for economic recovery across Africa

BY ABIODUN OWOLEGBON-RAJI On October 7th, President Muhammadu Buhari unveiled a record 16.39 trillion naira ($39.8 billion) budget for 2022,

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FG spent $1.3bn on debt servicing in six months

  FG spent $1.3bn on debt servicing in six months

The federal government expended $1.302 billion on debt servicing in the first half of 2021 (January and June 2021).  The

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BudgIT: Rivers, Lagos, Anambra top states’ fiscal performance ranking

  BudgIT: Rivers, Lagos, Anambra top states’ fiscal performance ranking

BudgIT, a civic-tech organisation for transparency and accountability, has launched the 2021 edition of its annual States of States report.

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VAT and FIRS taxing right

  VAT and FIRS taxing right

Value-added tax is a consumption tax payable when goods are purchased and services are rendered. It is governed by the

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The VAT struggle: Lessons for the north

  The VAT struggle: Lessons for the north

BY SANI DANAUDI MOHAMMED The current VAT struggle between the federal government and two states in the south, Rivers and

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