…the concrete outcomes of the reforms, she said, "The clearest proof sits in federation revenues. In 2023, this sector earned the Federation about ₦16 billion. In 2024, the figure rose to ₦38 billion. In 2025, it crossed ₦70 billion. That is growth of more than 337 percent in two years, from the same minerals and the sa…

…growth earlier this year across both lifestyle and performance products and expects revenue to continue rising through 2026. Chief Financial Officer Harm Ohlmeyer said the company views the World Cup as a unique platform to strengthen its brand globally. "We want to make sure that we are showing up very, very well duri…

…claimed that illegal streaming costs La Liga clubs up to €700 million annually in lost revenue. In a letter to FIFA president Gianni Infantino, Tebas described the sponsorship as incompatible with football's efforts to protect broadcasting rights."The fact that FIFA is signing a partnership with a company whose service…

…uncertainty.It said credible fiscal consolidation should be supported by stronger revenue mobilisation, improved tax administration, more efficient public spending and increased investment in infrastructure, skills development and targeted social protection programmes. The Fund also advised commodity-exporting countrie…

…went through rigorous design and consultation. Yet, if the tax reform aims to increase revenue mobilisation it's likely to fail because no tax system can do so in a largely unproductive economy, of which the informal sector accounts for nearly 90 per cent. Recently, the World Bank said Nigeria's challenge is not high d…

…on So-So Def and production with other artists have produced over $200,000,000 in gross revenue in the music industry," the lawsuit states. While the complaint is asking for at least $18 million in damages, Dupri is not stopping there. "Given that the matter of unreported producer royalties is not an isolated issue, ev…

…while speaking with journalists in Abuja on Tuesday amid ongoing efforts to amend the revenue-sharing formula in favour of the Nigerian Airspace Management Agency (NAMA). According to Achimugu, the proposed amendment, which is currently before the National Assembly, seeks to reduce the NCAA’s share of the five per cent…

…is far more than that; it is, in fact, an economic crime that deprives the government of revenue, discourages investment, distorts competition, and weakens confidence in Nigeria’s economic ambitions. Left unchecked, it rewards criminality while punishing compliance, a dangerous downturn for any economy seeking sustaina…

…substantial statutory allocations, 13 per cent derivation, and other federation revenues over the years, what measurable improvements have been made in reducing poverty, creating jobs, and expanding economic opportunities? “Civil society budget reports, official Federation Account Allocation Committee (FAAC) records, a…

…exports, is laying the foundation for a resilient economy less dependent on crude oil revenues. The President and Chairman of Afreximbank, Dr Elombi, said he and his team were at the State House to thank the President for his support, which led to his election as the President of the Bank, as well as to brief him on th…

…payment gateways, e-commerce tools, and a PoS business. Today, the business earns revenue from merchant commissions, bill payment margins, airtime vending, and bulk SMS services. According to GTCO’s annual report, HabariPay strengthened its merchant network across SMEs, corporates, and fintechs while supporting GTBank’…

…in the 2026 fiscal policy measures. He said while the new policy was expected to improve revenue generation, the reduction in vehicle tariffs could negatively impact collections. Adeniyi said: "We have the new excise tariff, which is provided in the 2026 fiscal policy. We believe that these measures will increase our r…

…projects could unlock significant carbon finance opportunities, creating additional revenue streams for developers, governments and citizens. "Population growth, urbanisation, climate change impacts and rising demand for improved living standards are all happening simultaneously, and this is putting pressure on how we…

…confronting NAMA today bear little resemblance to those existing when the present revenue-sharing formula was conceived. Since then, aviation technology has advanced dramatically. Satellite-based navigation, digital communications, surveillance technologies, automation systems, cybersecurity requirements and performanc…

…which ultimately helps build a more mature financial ecosystem. Walk me through your revenue model. Our revenue model varies significantly by market. In more developed financial systems with stronger connections to infrastructure like the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and the Bank…

…economic reform programme, strengthen macroeconomic stability, improve domestic revenue mobilisation and protect poor and vulnerable households during the implementation of reforms. The World Bank said the package was intended to support the Federal Government's ongoing reforms, including exchange rate reforms, fiscal…

…public finance framework. He listed statutory allocations to development commissions, revenue collection costs retained by designated agencies, separately approved capital budgets for some agencies and the Federal Capital Territory, security and infrastructure interventions, disaster response programmes, and debt servi…

…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…