States should get 42% from Federation Account – Governors
Ekiti State Governor and Chairman of the Nigeria Governor’s Forum (NGF), Dr. Kayode Fayemi, who disclosed this, said Nigeria was also ripe for restructuring.…
Browsing Tag
Revenue
Looters were so inept that they did not cover their tracks well – President Buhari
President Muhammadu Buhari yesterday bemoaned the looting of the treasury by past administrations, saying the stealing was too much. The looters, he said, were so inept that they did not cover their tracks well. The President…
N30tn revenue leakage report will shock Nigerians, says Senate
The report by the investigations conducted by the Joint Senate Committee on Customs, Excise and Tariff and Marine Transport into the alleged revenue leakages in the import and export value chain, valued at N30tn, is due for…
REVEALED: Shell paid N1.5tr to Nigeria in 2017 — the highest in the world
Royal Dutch Shell paid a total of $4,322,742,582 (about N1.5 trillion) to the Nigerian government in 2017, according to its annual payments report seen by TheCable Petrobarometer. The amount is broken down as $3,197,530,557 for…
States earned N4.9tn as IGR in seven years –NBS
Between January 2011 and December 2017, a total of N4.99tn was earned as Internally Generated Revenue by the 36 states of the federation, an analysis of figures obtained from the National Bureau of Statistics has revealed. The analysis…
Dangote Sugar rakes in N204 billion as FY 2017 revenue
Dangote Sugar today released its FY 2017 results. Revenue increased from N169 billion in 2016 to N204 billion in 2017. Profit before tax increased massively from N19.6 billion in 2016 to N53 billion in 2017. Profit after tax also moved…
System Specs owed over ₦10billion as TSA inflow hits ₦8.9 trillion
The Accountant-General of the Federation, Ahmed Idris, has revealed that total revenue of ₦8.9 trillion from Ministries, Departments and Agencies MDAs of government has been recorded by the Federal Government since the commencement of…
Dangote Flour Mills records ₦125 billion as FY 2017 revenue
Dangote Flour Mills yesterday released its financial statements for the year ended December 2017. Revenue increased from ₦105 billion in 2016 to ₦125 billion in 2017. Profit before tax rose massively from ₦11.8 billion in 2016 to ₦22.4…
Despite Discrepancies In Revenue, FG, States, LGs get N647bn
The Federation Accounts Allocation Committee (FAAC) on Wednesday shared the sum of N647.39bn among the Federal, States and Local Government, despite discrepancies of about N37.76 billion in revenue. The meeting of the committee which…
JUST IN: FAAC meeting ends in deadlock over ‘shortage’ in NNPC revenue
The Federation Accounts Allocation Committee (FAAC) meeting ended in deadlock in Abuja on Tuesday. This is as a result of the alleged discrepancy observed in the revenue figures presented by the Nigerian National Petroleum…
Nigeria’s poorest, richest, indebted states
31 states can’t survive without federal allocation The report of the National Bureau of Statistics (NBS) on 36 states’ Internally Generated Revenue (IGR) has unmasked the financial strength of states, putting them in three…
Gencos record N42.13bn revenue shortfall in one month
A total of 23 power generation companies produced and supplied 2,666,906.88 megawatts of electricity worth N48.23bn in January 2018 but received only N6.1bn as payment, according to the latest report of Gencos performance. In the…