The National Insurance Commission has disclosed that insurance companies in Nigeria earned N630.36bn premium in 2021. The Head, Corporate Communications and Market Development,, Rassaq Salami, disclosed this in its unaudited result for 2021 saying that Read More
THE Nigerian Maritime Administration and Safety Agency has contributed N37.69 billion to the Consolidated Revenue Fund (CRF) in 2021. NIMASA Director-General Bashir Jamoh said that the N37.69 contribution was higher than N31.83 billion contributed by the Read More
The Federal Inland Revenue Service raked in ₦6.4 trillion as revenue in 2021. The agency said, the highest in its history surpassing the ₦5.3 trillion generated in 2019 when Babatunde Fowler was the head. FIRS chairman Muhammad Nami said Read More
Nigeria has recorded a shortfall of N2.8 trillion in independent revenue from the federal government revenue generating agencies between 2015 and 2020. An analysis of data from the Budget Office has shown that over the years, many Read More
The 36 states of the federation earned N751.17bn from road tax, direct assessment, and other taxes in three years. This is according to data collated from the National Bureau of Statistics. Direct assessment refers to Read More
The Central Bank of Nigeria said in its economic report the Federal Government recorded a fiscal deficit of N405.28bn in August with aggregate expenditure of N781.61bn while retained revenue stood at N376.33bn. Read More
The Nigeria Customs Services is proposing to generate N2 trillion this year. Of this amount expected to be made, the South-West geopolitical zone would generate N1.6 trillion. According to a report, the NCS generates about 80 Read More
Nigeria’s power generation companies have suffered a loss of N1.66 trillion in seven years as a result of non-payment for deemed capacity. The Executive Secretary, Association of Power Generation Companies, the umbrella body for Read More
In the first quarter of this year, the electricity distribution companies lost a total of N97 billion to energy theft, capping of estimated billing and other factors. The Association of Nigerian Electricity Distributors, the umbrella Read More
In a statement by the Federal Inland Revenue Service, Nigeria has generated N4.2 trillion revenue so far this year. This is about N3.3 trillion, that is over 77 per cent of the total collection, came from Read More
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