National Assembly Explains Process on New Tax, Revenue Laws
The National Assembly clarifies the passage and publication of four key fiscal laws, including the Nigeria Tax Act 2025. An internal review of procedures is underway. Read the full details.
Category : Search result: Federal Government revenue target
FG Confirms Air Strikes on Terrorists in Northwest
The Federal Government confirms air strikes on terrorist targets in Nigeria's northwest. Minister Yusuf Tuggar details security cooperation with the US, emphasizing civilian protection.
Kano Bans Cash Tax Payments from January 2026
Kano State will enforce digital-only tax payments from 2026 to curb revenue leakages. Experts urge public embrace of reforms for economic growth. Learn more.
N2.7 Trillion Spent on External Debt Service in Q2 2025
Nigeria's debt burden deepens as 45.2% of Q2 2025 revenue goes to servicing external loans. Experts warn of fiscal risks and crowding out of critical spending. Read the full analysis.
Lagos Can Raise ₦1 Trillion Annually from Property Tax
Tax Reforms Chairman Taiwo Oyedele says Lagos State can unlock ₦1 trillion yearly from property taxes with better data and legal harmonisation. Governor Sanwo-Olu commits to implementation.
Nigeria's Oil Revenue Falls 64% Short of Target in Q1 2025
The Federal Government's Q1 2025 budget report reveals a massive N8.21 trillion shortfall in oil revenue and a N3.04 trillion fiscal deficit. Discover the key figures and causes behind this critical shortfall.
Tin Can Customs Revenue Hits N1.57tr, Exceeds Target
Tin Can Island Port Customs generated N1.57 trillion, exceeding its annual target by N51.8 billion, driven by a surge in used vehicle imports. Read the full report on the revenue feat.
Detty December: More Than Fun, A Diaspora Brain Gain Gateway
Detty December 2024 drove record tourism & ₦1.02B box office revenue in Nigeria. Explore how this cultural movement fuels economic growth and diaspora reconnection for long-term national impact.
Ekiti Governor Oyebanji Signs N415.57bn 2026 Budget
Ekiti State Governor Biodun Oyebanji has signed the N415.57 billion 2026 Appropriation Bill into law. The budget allocates 53% to recurrent and 47% to capital expenditure. Read the full details.
Radda: Don't blame only govs for economic hardship
Katsina Governor Dikko Radda urges Nigerians to scrutinise Federal Government's use of 52% revenue share. He argues states, LGAs bear public anger despite limited funds. Read his full interview.
Presidency Denies Discrepancies in New Tax Laws
The Presidency has dismissed claims of alterations in the new tax laws signed by Tinubu. Taiwo Oyedele calls reports 'false and misleading' as controversy grows ahead of the January 2026 implementation.
Tax Reforms Delay Will Keep 98% of Workers Overtaxed - Oyedele
Taiwo Oyedele warns that failure to implement new tax laws by January 1, 2026, will leave 98% of Nigerian workers overtaxed. He urges targeted amendments, not suspension.
FIRS Hits ₦22.59tn Revenue, New Tax Laws Reshape System
Nigeria's FIRS closes 2025 with a record ₦22.59tn collection, driven by landmark tax reforms and technology. Discover how new laws and digital systems are redefining revenue generation for 2026.
Nigeria's FIRS Hits ₦47.39 Trillion Revenue with Reforms
Nigeria's Federal Inland Revenue Service (FIRS) achieved record revenue of ₦47.39 trillion from 2023-2025 through major tax reforms and technology. Discover how new laws and digital systems are reshaping tax collection for 2026.
Fire Guts FIRS Office in Abuja, Contained by Responders
A fire incident at the Federal Inland Revenue Service office in Abuja's Wuse Zone 5 was swiftly contained. No casualties reported. Read the full details.
Conoil Posts 60.5% Revenue Surge, Declares Dividend
Conoil Plc reports a massive 60.5% revenue growth to N323.1bn for 2024, proposing a N2.4bn dividend. Discover how Nigeria's downstream giant thrived despite economic headwinds.
Northern Elders Back FIRS, Tinubu Reforms, Reject NEF
A new Northern elders' group rejects NEF's criticism of FIRS and Tinubu's economic reforms, praising revenue gains and transparency. Read their full statement.
Federal Government Reopens 47 Unity Schools
The Federal Government has reopened the 47 Unity Colleges shut in November over insecurity. The Ministry of Education assures safety measures are in place. Read more.
FG Reopens 47 Unity Schools After Security Boost
The Federal Government has ordered the immediate reopening of 47 unity schools previously closed due to insecurity. Students have returned safely as academic activities resume nationwide.
Customs Slaps Banks with Penalty for Late Revenue Remittance
The Nigeria Customs Service warns designated banks over delayed remittance of collected revenue. Defaulters face a penalty interest of 3% above NIBOR. Details inside.
Nigeria's Debt, Salaries Exceed Revenue in 2025
Nigeria's Federal Government spent more on debt servicing and salaries than it earned in 2025's first seven months, with a N10.19tn revenue shortfall. Oil earnings slumped over 60%. Read the full analysis.
Tax Reforms, Revenue Crisis Threaten Nigeria's 2026 Fiscal Plan
President Tinubu's N43.56tr spending plan and 2026 budget face hurdles amid legislative disagreements over oil benchmarks and mounting opposition to new tax reforms. Will Nigeria miss another budget?
Wike Reinstates FCT Education Secretary, IRS Chairman
FCT Minister Nyesom Wike has reinstated Danlami Hayyo and Michael Ango. The move follows suspensions linked to a disputed school closure memo and undisciplinary acts. Read the full details.
Edun Contradicts Tinubu on 2025 Revenue Figures
Finance Minister Wale Edun reveals a N30 trillion revenue shortfall, contradicting President Tinubu's claim of meeting the 2025 target. Details on the budget deficit and borrowing plans inside.
Nigeria's 2025 Revenue Shortfall Hits N30 Trillion
Finance Minister Wale Edun reveals the Federal Government may fall short of its 2025 revenue target by N30 trillion. Discover the causes and government's response. Read more.
Pfizer Shares Fall on Weak 2026 Profit Outlook
Pfizer shares tumbled after the drugmaker projected flat revenues and lower profits for 2026, citing declining Covid-19 sales and heavy investment in new products like weight-loss drugs.
FG, States, LGs Share N1.9trn as FAAC Allocation Drops
The Federation Account Allocation Committee (FAAC) distributed N1.928 trillion for November 2025, a significant drop from October. See the full breakdown for FG, states, and LGs.
Federation Account Hits N23trn in 10 Months
Revenue inflows into Nigeria's Federation Account surged to N23.06 trillion in the first ten months of 2025, driven by fiscal reforms and digital tracking. Learn about the growth and the new tax law.
FAAC Revenue Falls by N428bn, N1.93trn Shared
FAAC reports a sharp N427.969bn drop in November revenue, sharing N1.93 trillion among FG, states, and LGs. Key taxes see substantial declines. Read the full breakdown.
Senate Condemns Multiple Budgets, Raises FIRS Target
Nigerian Senate criticizes multiple budgets in one year, pushes FIRS revenue target to N35 trillion for 2026. Details on the N30tr shortfall and fiscal reforms.
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