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FIRS Project N5.9trillion for 2021 revenue
The Federal Inland Revenue Service, FIRS, has placed their revenue projection for 2021at N5.9 trillion. FIRS Chairman Mohammed Nami, made this disclosure in a meeting with the House of Representatives Committee on Finance on the Service’s 2021 budget defence and consideration of its proposed Revenue and Expenditure Estimates. Nami said, out of the proposed figure,…
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$1.3 Trillion Tourism Revenue Lost During Pandemic
The United Nations agency has said that global tourism has suffered its worst across continents in the world with international arrivals dropping by 74 percent in 2020. The latest data from the World Tourism Organisation reported that the destinations worldwide welcomed one billion fewer international arrivals in 2020 than in the previous following the restriction…
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In 21 years, NLNG Generates Revenue Worth $108 Billion
The Nigeria Liquefied Natural Gas Company Limited said it has generated revenue amounting to $108 billion. The company added that it has 23 ships that have delivered about 5000 LNG cargoes to destinations around the worth since its establishment 21 years ago. It also noted that out of the revenue a dividend worth $35 billion…
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FAAC: Lagos State Still Self Sufficient
The economy of Lagos is very crucial to the Nigerian economy serving as the commercial capital of the country over the years. The Lagos Gross Domestic Product [GDP] accounts for 26.7% of Nigeria’s total GDP and more than 50% of non-oil GDP. Over 50% of Nigeria’s non-oil industrial capacity is located in Lagos. Ranking among…
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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…