Tag: Revenue
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FG, States, FCT share N1.1trn in FAAC allocation in December 2023
The Federation Account Allocation Committee (FAAC) has shared N1.127 trillion December 2023 federal revenue among the Federal Government, states and Local Government Councils (LGCs).
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Independent revenue has consistently contributed an excess of N1trn to FG annual revenue in recent years – Muruako
The Executive Chairman of Fiscal Responsibility Commission, Victor Muruako Esq has disclosed that the Fiscal Responsibility Commission has made significant strides in enhancing the independent revenue of the Federal Government. He added that FG’s Independent Revenue has consistently contributed an excess of N1 trillion to the Federal Government annual revenue in recent years. Speaking at…
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Tinubu seeks approval for securitisation of N7.3trn Ways and Means revenue
President Bola Ahmed Tinubu has sought Senate approval for securitization of the balance of ways and Means revenue in the Consolidated Revenue Fund (CRF) of Nigeria. Tinubu said this in a letter addressed to President of the Senate,
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We’ll account for oil revenue – Finance Minister
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the administration of President Bola Tinubu will account for revenue from oil. Edun said this when he appeared before the House of Representatives Committee
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PDP governors want new revenue sharing formula
The Peoples Democratic Party Governors Forum (PDP) has called on the Federal Government to introduce a new revenue allocation formular that would give more money to states and local government councils.
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Why we did not meet 2023 revenue target – NCC
The Nigerian Communications Commission (NCC) has blamed it’s inability to meet 2023 revenue target on lack of patronage for its auctioned frequencies.
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Reps to streamline revenue collecting agencies – Deputy Speaker
The Deputy Speaker of the House of Representatives, Rep Benjamin Kalu, said the parliament would enact laws to streamline multitude of revenue collecting agencies. He further said that a law would be enacted to effectively eliminate multiple taxation in Nigeria.
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How we block leakage of revenue to FG – RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says it is taking steps to block leakages and boost the Federal Government’s revenue generation initiatives. Mr Mohammed Shehu, the Chairman of the commission, said this in an interview NAN on Saturday in Abuja.
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UBA records significant growth in revenue, profit and key metrics, with a PBT of N404bn
Africa’s Global Bank, United Bank for Africa (UBA) Plc, delivered an outstanding performance for the half year ended June 30, 2023, as announced in its audited financial report. The results released to the Nigerian Exchange Limited (NGX) on Tuesday showed that the Group recorded
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Heirs Insurance Group posts N20bn in revenue for FY2022
Heirs Insurance Group, comprising Heirs General Insurance (HGI) and Heirs Life Assurance (HLA), announced a record-high 226% jump in Gross Written Premium (GWP), from N6.1bn in 2021 to N19.9bn for the financial