Tags : 2020

E-payment Transactions Hit N162.95 Trillion In 2020

The value of transactions via digital payment platforms rose to N162.95 trillion from January to December in 2020 when compared to an aggregate of N108.42 trillion in the corresponding period in 2019. The two platforms; Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals, recorded a 50.3 per cent growth in value […]Read More

Total Pension Assets Hit N12.3 Trillion In 2020

National Pension Commission has reported that the total pension assets under the Contributory Pension Scheme rose to N12.3tn in 2020. This is an N2.1 trillion increase when compared to 2019 which had N10.2tn. According to PenCom N8.13 trillion of the funds was invested in Federal Government of Nigeria Bonds, while N858.46 billion and N92.91billion were […]Read More

Nigeria Generated N1.4 Trillion From CIT In 2020

A sum total of N1.409 trillion was earned by the Federal Government from Company Income Tax in 2020. This is according to a report released by the National Bureau of Statistics on the sectoral distribution of company income tax data. According to the report, “Sectoral distribution of Company Income Tax data for Q4 2020 reflected […]Read More

FIRS Revenue Drops In 2020

The Federal Inland Revenue Service (FIRS) collected the sum of N4. 952 trillion in total tax revenue in the year 2020 as against previous years. Director Communications and Liaison, Mr Abdullahi Ahmad, said in a statement, that the figure represented approximately 98 per cent of the national tax target of N5.076 trillion set for the […]Read More