From Ridwan Bolanle The Democratic Front (TDF) is thrilled by the heartwarming report that the Nigeria Customs Service has met its revenue target of N5.7 trillion, even before 2024 ends. TheNewsZenith reports that this is contained in a statement from TDF Chairman Mallam Danjuma Muhammad and Secretary, Chief Wale Adedayo. The group described it as […]
By Opeyemi Mohammed The Apapa Port Command of the Nigeria Customs Service (NCS) generated N1.61 trillion between July and September, TheNewsZenith reports. Comptroller Babatunde Olomu, who heads the Area Command, announced the revenue figure in a statement on Monday in Lagos. Olomu said the figure exceeded the N1.17 trillion collected as total revenue in 2023. […]
Kenya’s Finance Ministry will seek suggestions from the public on new legislation to boost revenue and tackle other challenges, Finance Minister, John Mbadi, said on Monday. This is coming after protesters forced the government to withdraw its financing law. President William Ruto discarded tax hikes worth more than 346 billion shillings ($2.7 billion) in June after […]
From Our Correspondent The Federal Capital Internal Revenue Service (FCT-IRS) says it generated N126.54 billion in revenue in the first half of 2024. Mr Haruna Abdullahi, the acting Executive Chairman, announced the figures at the FCT-IRS mid-year news conference, on Wednesday, in Abuja. TheNewsZenith reports that Mrs Chinwe Anohu-Ndu, Director of Tax, represented Abdullahi at […]
From Our Correspondent The Nigerian Railway Corporation recorded a 49.73 per cent decline in passenger freight, convening 672,198 passengers in Q4 of 2023, according to the National Bureau of Statistics (NBS) TheNewsZenith reports that this decline is against 1,337,108 people who travelled via rail system in the corresponding quarter of 2022. NBS gave these figures […]
From Our Correspondent The Federal Government says it will plough back benefits accruable from subsidy removal to boost revenue and improve business environment for local and foreign investment. Chief Wale Edun, the Minister of Finance, announced this after the inaugural Federal Executive Council meeting on Monday in Abuja. Edun, also Coordinating Minister for Economy, said […]
The Federal Inland Revenue Service (FIRS) and Civil Society Organisations (CSO) have called for deliberate measures to curb revenue leakages so as to boost tax generation in the country. They made the call at a National Tax Conference organised by International and National Civil society organisations (also known as) Tax Justice and Governance Platform in […]
The Federation Account Allocation Committee (FAAC) has shared a total sum of N760.235 billion September 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils. The figure is contained in a communiqué issued at the end of the FAAC meeting for October 2022. A total of N760.235 billion revenue comprised distributable statutory […]