The management of the Federal Capital Territory Internal Revenue Service (FCT-IRS) has reaffirmed its commitment to operational stability, staff welfare and strategic revenue growth. This is contained in a statement issued by the service in Abuja on Tuesday. The management said the statement was to clarify recent reports about planned disruptions by unauthorised external actors….
The Edo Internal Revenue Service (EIRS), says it will collaborate with the Nigeria Immigration Service (NIS), to strengthen tax compliance among expatriates through improved data sharing and enforcement mechanisms. Mr Courage Eboigbe, Head of Corporate Communications and Taxpayers Enlightenment Services at EIRS, said this in a statement on Wednesday in Benin. According to Eboigbe, the…
The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded stronger revenue and remittance figures in February, driven by recent policy reforms aimed at enhancing transparency in the oil and gas sector. The company reported statutory remittances of N1.804 trillion, a sharp increase from N726 billion recorded in January. It attributed the improved performance to reforms…
TotalEnergies Marketing Nigeria Plc has recorded a 26 per cent drop in revenue to N767.63 billion for the year ended Dec. 31, 2025, down from N1.04 trillion in 2024.The company disclosed this in its audited financial statements released on the Nigerian Exchange Ltd. on Monday. Profit before tax recorded a loss of N12.46 billion in…
The Nigeria Customs Service (NCS) achieved N7.28 trillion in revenue in 2025, surpassing its N6.58 trillion target by N697 billion, Comptroller-General Bashir Adeniyi has revealed. Speaking at the 2026 World Customs Day celebrations, themed “Protecting Society Through Vigilance and Commitment”, Adeniyi said the increase, representing over 10 per cent growth, reflects reforms in the sector…
The House of Representatives Committee on Public Accounts has given the Nigerian National Petroleum Company Ltd. (NNPCL) until December 15 to explain alleged revenue leakages, following repeated failures to attend scheduled hearings. The announcement was made by Committee Chairman Rep. Bamidele Salam during Monday’s session in Abuja. NNPCL management, in a letter read by Salam,…
Nigeria’s electricity distributors increased their revenue collection efficiency in the second quarter of 2025, raising ₦564.71 billion out of ₦742.34 billion billed to customers, the country’s regulator has said. Figures released by the Nigerian Electricity Regulatory Commission (NERC) show efficiency improved to 76.07 per cent, up from 74.39 per cent recorded in Q1. The modest…
President of the Ijaw National Congress (INC), Prof. Benjamin Okaba, has accused successive governments of neglecting the Niger Delta despite the region contributing over 75 percent of Nigeria’s oil wealth. Delivering a lecture at the 10th Anniversary of GbaramatuVoice in Abuja on Wednesday, Okaba described the situation as an “ecological genocide,” lamenting that most Niger…
The Nigerian government has recorded a 40% rise in its quarterly revenue, reaching ₦6.9 trillion in Q1 2025, as part of a broader fiscal reform effort aimed at improving transparency, accountability, and economic growth. Finance Minister and Coordinating Minister for the Economy, Wale Edun, revealed the figures at a public engagement session in Abuja, noting…
As Nigeria prepares to take on new external and domestic loans totalling over $21 billion, economists are urging the government to prioritise sustainable funding models and utilise domestic revenues more effectively. Professor Sherifdeen Tella of Babcock University and Dr Ayo Teriba, CEO of Economic Associates, raised concerns over the federal government’s latest borrowing plan presented…
