An executive bill that will harmonize, consolidate, and provide administrative backing for revenue collection has been passed by the Enugu State House of Assembly. The bill, which scaled through the second and third readings on Monday was wholesomely supported by…
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency (NIMASA) has set an ambitious revenue target of N560 billion for 2025, reflecting a significant increase from previous projections. The Director General of NIMASA, Dr. Dayo Moboreola, announced this during…
The Federal Government is optimistic about meeting its N36.35 trillion revenue target for 2025, citing ongoing economic reforms under President Bola Tinubu’s administration. This was disclosed by the Minister of Budget and Economic Planning, Abubakar Bagudu, during a hearing at…
The House of Representatives on Monday expressed concerns regarding the readiness of the National Population Commission (NPC) to conduct a population and housing census nationwide. The lawmakers, during a review of the 2024 budget performance, raised concerns about discrepancies in…
The Central Bank of Nigeria has attributed the significant decline in oil revenue for the third quarter of 2024 to ageing pipeline infrastructure and operational inefficiencies. According to the apex bank’s latest economic report for the third quarter of 2024,…
The Edo State Government has banned the direct collection of revenue in cash. Newsmen reports that the Secretary to the State Government, Musa Umar Ikhilor disclosed the directive in a statement made available to newsmen in Benin City on Tuesday.…
…Nigeria’s Foreign Direct Investments exceed $30bn — Tinubu By Seun Ibiyemi President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to supporting the Nigeria Customs Service (NCS) in its ongoing modernisation and reform efforts to enhance the nation’s economic growth.…
E-commerce giant, Jumia Technologies AG recorded a/ $20.1 million operating loss in Q3 2024, representing a 10 percent increase year-on-year when compared with the $18.3 million posted in the same period last year. The company reported revenues of $36.4 million,…
By ESV OLUFOKUNBI, Olabisi Esther – HND, Bsc., ANIVS, RSV (Oyo State Housing Corporation) Government commercial properties play a crucial role in the economy, serving as vital sources of revenue for public agencies. These properties, which include office buildings, retail…
Mrs Ronke Litan, the Oyo State Postal Manager of Nigerian Postal Service (NIPOST) on Thursday in Ibadan said they have diversified into other services in order to generate more revenue. Litan told the Newsmen that such services they had diversified…
