RMAFC Probes Electronic Transfer Levy 2019-2022
Nigeria's RMAFC investigates Electronic Money Transfer Levy disbursements from 2019-2022 to ensure transparency and accountability in revenue collection for all government tiers.
Category : Search result: Covid19 revenue decline
IMPI: Nigeria's PMI Expansion Cuts Inflation to 16.05%
IMPI reveals Nigeria's PMI expansion for 11 months straight has driven inflation down to 16.05%. Think tank maintains 14% year-end projection and expects MPC rate cut. Read full analysis.
Equities Market Dips N292bn Amid Bearish Trading
Nigerian equities extended losses as market capitalization fell by N292 billion. 38 stocks declined while only 14 gained. Read full analysis of market performance.
Nigeria to earn $1bn from electricity exports
Nigeria plans to generate N1.49 trillion annually by exporting 600MW of electricity to 15 West African countries following successful grid synchronization tests. Full details on this energy breakthrough.
Nasarawa rare earth plant creates 10,000 jobs
Nigeria's mining sector generates N26 billion in 2025 as Nasarawa gets $400 million rare earth plant creating 10,000 jobs. Read about Nigeria's mineral revolution.
N2.94 Trillion Shared by FG, States, LGs in October
FAAC disbursed N2.94 trillion to federal, state, and local governments in October 2025, marking a slight decrease from September. Discover the full revenue breakdown and its implications.
NEM Insurance Assets Reach N165.46bn in Q3 2025
NEM Insurance Plc strengthens market leadership with N165.46bn assets in Q3 2025. Insurance revenue surges 55% to N107.44bn. Discover how they achieved this remarkable growth.
Male infertility rises in Nigeria, experts warn
Fertility experts reveal alarming rise in male infertility in Nigeria, with 30% sperm count decline over decade. Dr. Abayomi Ajayi urges lifestyle changes to combat this growing health crisis.
FIRS Offers Partnership Opportunities to Universities
FIRS Chairman Dr Zacch Adedeji proposes collaboration with Nigerian universities to drive innovation and economic resilience. Discover how academia can bridge the tax gap.
Reps Probe Billions Lost in Oil, Agriculture, Properties
The House of Representatives launches a major investigation into massive revenue leakages in Nigeria's oil sector, Anchor Borrowers' Programme, and over 11,000 abandoned federal properties valued at N20 trillion.
Reps Panel Vows to End Oil Revenue Leakages
House of Representatives committee pledges to halt massive revenue losses in Nigeria's oil and non-oil export sectors, aiming to recover billions lost annually through systemic leakages.
Ex-Commissioner Questions Abia's N30bn Monthly Revenue
Former Abia finance commissioner Obinna Oriaku demands transparency from Governor Alex Otti over N30bn monthly allocations. Read the full financial controversy.
Ebonyi ranks lowest in 2025 FAAC payouts
Ebonyi State received the lowest FAAC allocation of ₦112.19B between January-August 2025, highlighting Nigeria's revenue imbalance. Discover the states that got the most and least.
ASUU rejects FG's claim on education funding shortage
ASUU's Bauchi zone refutes Federal Government's paucity of funds claim, revealing 70% revenue increase. Union demands urgent action to avert university crises. Read full details.
FIRS Boss Urges Revenue Diversification for Nigeria
FIRS Chairman Dr. Zacch Adedeji declares revenue diversification a national imperative, calling for broad-based, tech-enabled tax system. Read his vision for economic resilience.
Senate Orders NNPCL to Refund N210 Trillion
Nigerian Senate demands NNPCL refund N210 trillion in unaccounted funds after CEO snubs hearing. Auditor-General's report reveals massive financial discrepancies from 2017-2023 operations.
Nollywood's Money Secrets: How Films Really Profit
Discover the surprising business models and revenue streams that power Africa's largest film industry beyond just cinema tickets and streaming deals.
Nigeria Lost $300B to Oil Theft - Senate Probe
Shocking Senate probe exposes how Nigeria lost over $300 billion in crude oil revenues from Niger Delta region due to massive theft and pipeline vandalism over 10 years, threatening national economy.
German Factory Orders Decline in June 2024
Germany's factory orders unexpectedly fell in June 2024, raising concerns about Europe's largest economy. Latest data shows manufacturing sector struggles continue.
FG Appoints Nwabueze as Nigeria's Tax Ombudsman
Federal Government appoints Dr. Nwabueze as Tax Ombudsman to resolve taxpayer grievances and improve tax administration in Nigeria.
Transcorp Records 39% Revenue Growth in Nine Months
Transnational Corporation of Nigeria (Transcorp) has announced impressive financial results, recording a massive 39% revenue growth to N123 billion in the first nine months of 2023, signaling strong recovery and strategic success.
Tinubu appoints new FIRS chairman for tax reform
President Bola Tinubu appoints Dr. Oluwatoyin Madein as new FIRS chairman in major tax administration overhaul to boost revenue generation.
Spotify Hits 713M Users, Revenue Reaches €4.3B
Music streaming giant Spotify continues its impressive growth streak, adding 10 million premium subscribers and reaching new revenue milestones despite market challenges.
Apapa Customs Hits ₦304bn Revenue Record in October
Nigeria Customs Service, Apapa Command achieves historic revenue milestone, collecting over ₦304 billion in October 2023 - the highest monthly collection in its history.
Exxon & Chevron Profits Dive as Oil Prices Fall
Major oil giants ExxonMobil and Chevron report significant profit declines as volatile crude prices impact Nigeria's energy sector and global markets.
Petrol May Hit ₦1,163/Litre in New FG Plan
Nigerians brace for tougher times as the Federal Government's new petrol tariff could push pump prices to unprecedented levels while aiming to generate massive revenue.
Poland's Birthrate Crisis May Create Ghost Towns
Poland faces a demographic emergency with birthrates hitting record lows, raising fears of abandoned towns and economic collapse within 20 years without urgent intervention.
Nigeria loses N6tr yearly to opaque oil deals - NEITI
Shocking revelations emerge as transparency watchdogs warn Nigeria is bleeding trillions through opaque oil incentives and questionable subsidy payments that lack proper documentation.
Meta Stock Plummets After ₦2.4 Trillion Tax Hit
Meta Platforms faces massive profit decline as €1.9 billion tax charge from European operations sends shares tumbling. Discover how this impacts investors and the company's financial future.
Alphabet Hits $100B Quarter as AI Fuels Record Growth
Alphabet Inc., Google's parent company, has achieved a historic milestone by generating over $100 billion in quarterly revenue for the first time, driven by massive AI integration across its services.
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