Tag: revenue

Generated revenue by Apapa Customs increases by 68% in 2021

The Nigeria Customs Service (NCS), Apapa Area Command, says the command generated N870.39 billion revenue from January to December 2021. The Area Controller, Comptroller Malanta Yusuf, said this at a news conference on Thursday in Lagos. Yusuf added that the command during the period intercepted contraband goods worth N31.23 billion.[Read More…]

How we generated N3.1bn revenue in 10 months — Anambra University VC

The Chukwuemeka Odumegwu Ojukwu University, Anambra State, on Wednesday said it generated revenue of N3.1 billion between January and October. Prof. Solomon Ekwenze, Deputy Vice Chancellor of the University, made the disclosure during the ongoing 2021 budget assessment and 2022 budget defence, before the state House of Assembly Committee on[Read More…]

Trouble for Nigeria, As World’s Biggest Car Market Plans to Ban Production of Diesel/Petrol Vehicles

China, the world’s biggest car market, plans to ban the production and sale of diesel and petrol vehicles, further threatening the future profitability of oil — Nigeria’s major revenue source. The development is coming two months after the UK, like Germany, France, India, Norway and Netherlands, revealed plans to ban[Read More…]

FAAC: FG, 36 States Share N2.56 tr in 6 Months – Investigations

….Akwa Ibom, Lagos, 8 Others top list ….Gombe, 5 Others get lowest allocations The Federal government, thirty-six states of the federation and the Federal Capital Territory (FCT) have so far shared the sum of N2.56 trillion in the first half of 2017 from the Federation Account Allocation Committee (FAAC), an[Read More…]

Nigerian Customs Service Targets N1.1tr Revenue in 2017 and EFCC, ICPC Releases

NCS Targets N1.1tr Revenue in 2017 The Comptroller-General of Customs, Col. Hameed Ibrahim Ali (Rtd) has charged all Customs Area Controllers (CAC) to ensure strict compliance with extant laws to enable the Service achieve its 2017 revenue target of N1,100, 000,000,000.00 (One Trillion, One Hundred Billion Naira).  The CGC gave[Read More…]

Kano Hisbah Board Destroys 1,000 Bottles of Beer But Share In The Revenue

The Kano State Hisbah Board says it destroyed over 1, 000 bottles of assorted beer which it confiscated in 2016. The Director General of the board, Abba Sufi, disclosed this in an interview with the News Agency of Nigeria on Wednesday in Kano. He said the products were intercepted by[Read More…]

Sharia Law Enforcement Agency In Jigawa Destroy Bottles of Assorted Beer Worth Millions of Naira

Hisbah, the Sharia law enforcement agency in Jigawa, on Friday said it had destroyed 238 confiscated bottles of assorted beer in Kazaure Local Government Area of the state. Malam Sa’idu Aliyu, the State Commandant of Hisbah, said this in an interview with the News Agency of Nigeria (NAN) in Dutse.[Read More…]

N36Billion Monthly Deduction: Aregbesola Has Bastardized Osun Economy With unjustifiable Loans – CSO

……says, report vindicates Justice Oloyede A Civil group, the Civil Societies Coalition for Emancipation of Osun State (CSCEOS) has expressed worry over the increase in the deduction of monthly allocation accrued to the State by the Federal Ministry of Finance under the watch of President Muhammadu Buhari as a result of different unjustified loans[Read More…]

Yemi Osinbajo: How Easy Money Denied Nigeria of Development

  Having an easy source of revenues denied Nigeria the opportunity to engage in the critical thinking and prioritization that usually drives development according to Vice President Yemi Osinbajo, SAN. Prof. Osinbajo spoke today at the launching of the Standard Operating Procedures (SOP) and Port Services Support Portal (PSSP) for[Read More…]

Royal Dutch Shell Says Impossible To Repair Nigerian Oil Facility Stricken By Niger Delta Militants

Royal Dutch Shell Plc said it won’t attempt to repair a key pipeline in Nigeria for now after militants attacked it a second time last week, the latest sign of alarm among foreign oil companies in the African nation. Bloomberg reports that Chief Financial Officer Simon Henry said the company had to[Read More…]