…intervened with direct financial support until the agency could generate sufficient revenue to sustain its operations. He noted that Tinubu signed the Nigeria Data Protection Act shortly after assuming office in 2023, providing the commission with the legal authority to protect the privacy and personal data of Nigerian…

…from whether to restore subsidies to how governments at all levels are deploying the revenues freed by their removal.He said:"The issue is increasingly one of fiscal accountability and expenditure quality. Federal, state and local governments must demonstrate transparently how the additional fiscal resources arising fr…

THE Joint Revenue Board (JRB) has urged states yet to enact the Model Harmonised Taxes and Levies Law to expedite action, saying a more uniform tax system is critical to eliminating multiple taxes and levies. The post JRB calls on states to streamline tax administration appeared first on Tribune Online.

NASD Plc is repositioning its business beyond traditional securities trading as it seeks to convert a sharp expansion in market activity into stronger earnings and sustainable long-term value for shareholders. The post NASD eyes new revenue streams as trading surges 371 percent appeared first on Tribune Online.

…and propaganda. It has become imperative to state clearly that increased federal revenue does not automatically translate into unlimited resources for state governments. During Ortom’s administration, many of his fellow governors who were willing to perform had to make the most of what they received from the Federation…

…a federal university problem. It exposes a wider contradiction between the enormous revenues government celebrates and the deteriorating public services Nigerians actually experience. You cannot boast about record allocations while students sit at home because lecturers are on strike. You cannot celebrate higher revenu…

…Nigeria’s oil production has remained a major focus of government efforts to increase revenue, improve foreign exchange earnings and strengthen the country’s ability to meet its OPEC production quota.

…taxes would work,” he said. Amaeshi argued that efforts by government to increase tax revenues would remain limited unless citizens were convinced that their contributions were being used responsibly. He said Nigeria was facing both low tax morale and low tax compliance, stressing that aggressive enforcement alone coul…

…the broader impact of the Commission’s recoveries extended to strengthening government revenue, protecting financial-market integrity, and producing what he called a “deterrent dividend.” “This is what enforcement looks like when it moves beyond punishment. Every asset taken from a criminal enterprise lowers the reward…

…the US blockade of Iranian oil exports has effectively cut off Tehran’s main source of revenue, Reuters reported. Iran’s economic problems have been compounded by a sharp collapse in its currency and accelerating inflation. The rial has fallen from about one million rials to the dollar a year ago to more than 2.2 milli…

…$358bn in gross transaction value in 2025, more than double the previous year, as revenue jumped 161% to $536.3m.OPay is working with Citigroup, Deutsche Bank, and JPMorgan Chase on a separate US IPO that could value the company at about $4bn.

…to close to 12%.Key drivers behind the currency's recovery include higher oil revenues, growing remittance inflows, and increased foreign investor interest. These factors have also helped lift Nigeria's external reserves to $53.9 billion, their highest point in 18 years. The Central Bank of Nigeria (CBN) now has greate…

The Federal Government has said a sustained increase in domestic revenue will be critical to Nigeria’s efforts to secure an investment-grade sovereign credit rating. The government said it would focus on raising revenue, improving the efficiency of public spending and strengthening debt affordability while consolidatin…

…economic challenges. Osigwe said the administration also diversified the NBA’s revenue sources by leasing the two wings of its National Secretariat in Oro-Ago Crescent, Garki, Abuja, at an annual rental value of N20m per wing. He added that the National Executive Council approved the commercial leasing of three vacant…

…the checkpoint or deploy officers who would focus on crime prevention rather than revenue collection. The allegations come amid repeated warnings by the Cross River State Commissioner of Police, CP Ajo-Geoffrey Ordue, against extortion and unprofessional conduct by officers. When contacted, the Police Public Relations…

…of passengers stranded and reportedly caused the airline to lose more than N2 billion in revenue. In a complaint lodged by the airline, Air Peace accused ATSSSAN of conspiracy, threatening violence, inciting disturbance of public peace, assault occasioning harm and conduct likely to cause a breach of peace. General Sec…

…Congress challenged the Federal Government to account for the N15.8tn in additional revenues it said accrued from the reforms. The National Chairman of the APC, Prof Nentawe Yilwatda, warned that Atiku’s proposal to return Nigeria to the old fuel subsidy regime could reverse the economic gains recorded under the ongoin…

…administration inherited “fuel subsidy distortions, multiple exchange-rate windows, weak revenue mobilisation, foreign-exchange shortages, rising debt-service pressures and years of inadequate investment in critical infrastructure” when Tinubu took office on 29 May 2023. He said gross external reserves had risen to abo…

…to shareholders’ approval at its Annual General Meeting scheduled for October 28, 2026. Revenue increased by 22 percent to N260.46 billion, compared with N212.63 billion recorded in the corresponding period of 2025, reflecting improved sales and operating performance across the business.The sharp improvement in profita…

…financial regulations and appropriation laws.” The Auditor-General noted an increase in revenue from the Federation Account but called for a more aggressive internally generated revenue drive, particularly through the informal sector. He said, “Thousands of informal sectors need to be captured. What I expect of interna…

…of the Secretary to the Government of the FederationAccording to a document from the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), the Nigerian president currently receives a hardship allowance of N1,757,350.50 annually.RMAFC disclosure highlights that Nigeria’s president currently receives a hardship…

…billion, or 67 per cent, was recovered for ministries, departments and agencies, state revenue services, companies, individuals and foreign victims. He explained that recovery was meaningless unless the funds and assets were eventually returned to their rightful beneficiaries. Consequently, the commission released N661…

THE growing use of dollar-denominated loans by Nigerian companies earning revenues largely in naira is emerging as a major threat to shareholder value, as currency depreciation can wipe out otherwise strong operating performances, a new report by Chapel Hill Denham, has warned. The investment research firm said the big…

…this when she led the commission’s management to a meeting with the leadership of the Revenue Mobilisation Allocation and Fiscal Commission in Abuja. The meeting focused on developments in the upstream petroleum sector and the implementation of provisions of the PIA, particularly those relating to host communities and…

…Congress challenged the Federal Government to account for the N15.8tn in additional revenues it said accrued from the reforms. The National Chairman of the APC, Prof Nentawe Yilwatda, warned that Atiku’s proposal to return Nigeria to the old fuel subsidy regime could reverse the economic gains recorded under the ongoin…