…governor also paid tribute to the deceased's distinguished career at the Federal Inland Revenue Service, now the Nigeria Revenue Service, where he rose to the rank of senior officer and earned recognition as a financial expert and accomplished public servant. "His exemplary career in the Federal Inland Revenue Service…

…He further claimed that the alleged practice mirrored what he described as an off-budget revenue management model previously operated in Lagos State, alleging that it had now been replicated at the federal level. The former vice president also alleged that about ₦800 billion had been unlawfully deducted from statutory…

…state level. There is no federal minimum funding obligation, no formula, no guaranteed revenue stream. If a state wants a police force, it must create and pay for it. The federal contribution is captured in a new Section 216A, inserted immediately after the provisions on the removal of the Commissioner of Police. It re…

…genuine investors, create employment opportunities for young people, increase government revenue and protect host communities from criminal activities associated with illegal mining. Stakeholders Demand Stronger Action Following the latest attack, stakeholders have renewed calls for stronger security around mining loca…

The World Bank has said Nigeria’s biggest fiscal challenge is weak revenue mobilisation rather than excessive borrowing, urging the government to prioritise efforts to boost revenue generation to support sustainable economic growth. Speaking during an interview on Channels Television on Friday, the World Bank Country D…

…was built behind closed doors, funded by users who paid, generated data, and drove revenue, then watched insiders keep the entire upside. Stargate LLM is built to break that exact pattern. It is the first AI platform designed from day one to be owned by the people using it, not a cap table of insiders, through wallet-b…

…blockchain, can handle up to 200,000 orders per second, and made about $960 million in revenue in 2025. Its best feature is simple: 99% of trading fees go into a fund that buys back HYPE tokens. So the more people trade, the more buying pressure builds a trait shared by many of the most popular cryptocurrency projects.…

…million, delivered over 1 million meals, and achieved $4.3 million in annual recurring revenue (ARR). The closure came as a surprise to customers, as FoodCourt had shared that it was profitable in 2024 and opened new branches in Abuja, Nigeria's capital, and another Lagos branch within 18 months. Nneji said the startup…

…Nigeria Limited, where she established control frameworks from the ground up, eliminated revenue leakages, digitised operations, and instilled financial discipline. She holds a bachelor's degree in Accounting from Lagos State University and an MBA specialising in Strategy from the Edinburgh Business School at Heriot-Wa…

…million adjusted operating loss to an $11 million profit in the year ended March 2026. Revenue rose 18% to $1 billion, while the value of goods sold on its platform (gross merchandise value) hit $2 billion. The irony: Takealot’s best result has come amid intensified e-commerce competition. Amazon, which expanded to Sou…

…N196.68bn in February, N196.13bn in March and N203.61bn in April, bringing total revenue for the four-month period to N801.16bn. The collections came even as households and businesses endured months of unstable electricity supply caused largely by gas shortages that crippled power generation and forced widespread load…

…real-world assets. The model could appeal to deposit-taking fintechs seeking new revenue sources beyond transaction fees, creating another way to monetise customer balances while allowing users to earn investment returns. While Paga’s core payments business operates under a Mobile Money Operator (MMO) licence, Oviosu t…

…of the challenge that remains in Kenya’s payments market. Airtel Kenya says it doubled revenue during Malhotra’s tenure and expanded its subscriber base from 16 million to more than 24 million customers. The operator does not disclose financial figures for its Kenyan unit. True scale demands moving beyond surface-level…

…BULLETPROOF MOBILE-FIRST CSS ========================================= */ #tc-revenue-armoured { all: unset !important; display: block !important; font-family: 'Open Sans', -apple-system, BlinkMacSystemFont, Roboto, sans-serif !important; background-color: #F6F6F6 !important; padding: 16px !important; border-radius: 12…

Corporate Nigeria is on a 24-hour countdown as the National Revenue Service (NRS) prepares to enforce its mandatory electronic invoicing

…billion, attributed to fiscal reforms, enhanced diaspora remittances, and improved oil revenue performance. “Ohanaeze Ndigbo Worldwide notes that such indicators, if sustained, may strengthen macroeconomic stability, support currency performance, and enhance investor confidence. “Ohanaeze recognizes relative improvemen…

…host communities to maximise the opportunities provided by the trust funds, as future revenues from oil might decline. Chairman of the House of Representatives Committee on Host Communities, Dumnamene Dekor, expressed worries over the slow pace of implementation, despite the funding of about 140 trusts across the Niger…

…(FAAC) inflow of N42.33 billion in April. The major contributors were derivation revenue of N27.27 billion, statutory allocation of N7.48 billion, Value Added Tax (VAT) of N6.33 billion and non-oil revenue of N1.24 billion. For May, the state recorded a gross FAAC inflow of N52.81 billion, comprising N34.41 billion fro…

…of an automated daily pension contribution system linked to existing transport revenue collection platforms, and a mobility enhancement programme designed to facilitate access to modern mass-transit vehicles through structured financing arrangements. Akinsanya said the union's extensive nationwide structure presents a…

…these high value, high capital investments in your smart school drive if your internal revenue slows down? We imagine that the operating costs won't be as high because in the last two and a half years, we've been able to do more than 7000 classrooms, built as of today 267 smart learning schools and equipped them with a…

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has charged officers of the Nigeria Customs Service (NCS) to uphold the highest standards of integrity and accountability in their operations. This is contained in a statement on Sunday in Abuja, by the ICPC Spokesperson, Mr Okor Odey. Odey …

…FCT.” The harmonisation, he said, would eliminate “multiple taxation while optimising revenue generation in line with the new tax reform law, to accelerate development across the Territory.” The Finance Minister noted that the meeting between him and Barr. Wike “centred on strengthening collaboration to advance the FCT…

…criminality, stressing that the demolished parks were allegedly being used for illegal revenue collection despite a statewide ban. He warned that the Auchi Sector Commander of the Edo State Security Corps had been directed to produce the two fleeing suspects within 24 hours, insisting that anyone found aiding criminal…

…public exchanges, and other data. The system weighs the company's operations, scale, revenue, commercial partnerships, manufacturing, and safety record based on that data and provides an update every 12 hours. There are four indices that rank robotaxis, autonomous driving licensing companies, autonomous trucks, and del…

…implementation is crucial as Nigeria gradually transitions away from oil-dependent revenues. Meanwhile, the Chairman of the House of Representatives Committee on Host Communities, Hon. Dumnamene Dekor, expressed concern over what he described as the slow pace of implementation despite funding of about 140 trusts across…