Search Results for "Revenue"
310 results found
NSCDC defends 13-month closure of Abuja quarry, says site is crime scene

…solid minerals sector as a major contributor to economic growth and diversify government revenue away from crude oil.

Crime by nigerianewsfeed · 1 mon ago · 0 comments · 17 views
President Tinubu's alleged drug trafficking records: 7 key things to know about the US court battle

…in the case include the FBI, the Drug Enforcement Administration, the Internal Revenue Service, the Executive Office for United States Attorneys, the Department of State, and later the CIA.What the courts have saidIn April 2025, Judge Beryl Howell ruled that the FBI and DEA had issued improper Glomar responses and orde…

Crime by nigerianewsfeed · 1 mon ago · 0 comments · 25 views
Subsidy: ‘APC govt counting trillions while Nigerians become poorer,’ ADC knocks Yari

…compared with less than N1 trillion before subsidy removal. “Yet, while government revenues soared, Nigerians became poorer,” the ADC said. Petrol, the party added, moved from about N185 per litre in May 2023 to N1,300+ in many places by August 2025, while food inflation crossed 40 per cent at points during the period.…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 17 views
Summit ahead of 2027: Uncertainty trails opposition parties’ single candidate plan against Tinubu

…figures, including Atiku, have sought to weaponise through the ongoing subsidy-revenue reconciliation demands, he urged Nigerians to judge leadership by concrete actions rather than sentiments.“Leadership is defined by the steps you take to solve problems. When someone identifies a problem and takes concrete action to…

General News by nigerianewsfeed · 1 mon ago · 0 comments · 17 views
Electricity theft: Nigerian Govt probes N120bn annual revenue loss

…unaccounted power losses have climbed to 100 megawatts, inflicting an estimated annual revenue loss of N120 billion on the electricity market. The Minister of Power, Joseph Tegbe, announced the intervention on Friday during a high-level stakeholders meeting with industrial operators, key market participants.and energy…

General News by nigerianewsfeed · 1 mon ago · 0 comments · 16 views
Moody's changes Nigeria's outlook to positive, affirms B3 rating

…strengthen economic resilience and, over time, support a gradual increase in government revenue,” Moody’s said. Moody’s is a leading global credit rating firm that independently assesses the creditworthiness of governments and companies to help investors gauge the risk of default. The agency said Nigeria’s external pos…

General News by nigerianewsfeed · 1 mon ago · 0 comments · 12 views
Tinubu’s fresh directive to NLNG could slash cooking gas prices, boost supply

…to improve citizens’ lives. He urged NLNG to balance its efforts to grow international revenue with the need to make gas more accessible and affordable within the country.Tinubu Gives NLNG Fresh Mandate to reduce Cooking Gas prices for Nigerians>Tinubu

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 18 views
2027 Elections: Uwais Report alive on paper, dead in implementation

…Council (NJC), while INEC’s funding would become a first-line charge on the Consolidated Revenue Fund of the Federation. It emphasised that there should be no swearing-in of any candidate until any petition against the election had been conclusively determined. Another major pillar of the Uwais report was the recommend…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 16 views
Morning recap: Atiku-Tinubu clash widens, Dangote threatens petrol export, other top stories

…of reviving old allegations to divert attention from questions over the use of revenues saved from petrol subsidy removal. He also demanded greater accountability over the resources generated since the subsidy was removed. Atiku argued that Nigerians had endured higher petrol, transportation and food costs since the su…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 28 views
2027 politics: Atiku-Tinubu faceoff widens over subsidy, $16bn power projects

…of recycling old allegations to divert attention from questions over the use of revenues saved from petrol subsidy removal. Atiku, in a statement on Wednesday, issued by his SeniorSpecial Assistant on Public Communication, Phrank Shaibu, said the resurfacing of allegations surrounding power-sector projects, privatisati…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 19 views
Meta agrees to historic $16.7B settlement over claims social media platforms harm children

…The coalition of state attorneys general accused Meta - which earns the bulk of its revenue from digital advertising - of violating federal law by harvesting kids' data without parental consent. The state AGs also claimed that key features of Facebook and Instagram, including the "like button" and recommendation algori…

Artificial Intelligence by nigerianewsfeed · 1 mon ago · 0 comments · 19 views
‘Arithmetic flaw’ -Presidency blasts Atiku’s petrol subsidy plan

…proposal to supply crude to domestic refiners below market value would reduce the revenue available to the three tiers of government. “Who Pays the Bill? Selling federation crude below market price creates an immediate fiscal hole in the Federation Account, directly slashing allocations to federal, state, and local gov…

General News by nigerianewsfeed · 1 mon ago · 0 comments · 24 views
Tourist reveals exorbitant price charged for a ride at airport after e-hailing cabs were temporarily banned at Lagos and Abuja airports (video)

…the statement, the agency introduced ACHRAMS to enhance operational efficiency, improve revenue generation, reduce loitering around airport arrival areas, and provide passengers with faster and more seamless access to car hire services at FAAN airports. The authority said ACHRAMS was developed primarily to provide oper…

Travel by nigerianewsfeed · 1 mon ago · 0 comments · 25 views
Presidency reacts to criticism over adding FIRS boss and Minister of defense to campaign council

…and exclusion of some party leaders and other political figures including the Nigeria Revenue Service boss and the Defense Minister. He said the list remained valid, stressing that the party was yet to constitute all the subcommittees that would make up the campaign structure. "As it is with every other list, there's a…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 18 views
Kolmani oilfield: Host community faults FG election-season promises

…the call on Tuesday while reacting to the verification visit to the oil field by the Revenue Mobilisation, Allocation and Fiscal Commission. Pali said the people of Bauchi State and the North-East would welcome any genuine commitment towards the resumption and completion of exploration activities at Kolmani, but stress…

General News by nigerianewsfeed · 1 mon ago · 0 comments · 15 views
Governors spend N512bn on travels, offices

…in 2025 to N45.04bn in 2026, an increase of about N19.18bn, or 74.16 per cent. The Revenue Mobilisation Allocation and Fiscal Commission is constitutionally responsible for determining the remuneration of governors and other political office holders. The existing remuneration framework remains in force while a broader…

General News by nigerianewsfeed · 1 mon ago · 0 comments · 20 views
We are shifting from strikes to sanctions on Iran - US govt says

…it," one U.S. official said. The U.S. naval blockade is depriving Iran of critical revenue. Over the last two weeks, almost no tankers have been spotted at Kharg Island, Iran's main oil export hub, U.S. officials say."The Iranian economy is in free fall and the regime's military has been decimated," State Department sp…

world-news by nigerianewsfeed · 1 mon ago · 0 comments · 22 views
2027: INEC yet to get full funding, five months to general elections

…unnecessary administrative constraints. On 14 July, 2026, Amupitan also urged the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to approve increased and sustained funding for the commission ahead of the 2027 general elections during a courtesy visit to the RMAFC Chairman, Dr. Mohammed Bello Shehu, in Ab…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 19 views
FG moves to revive stalled Kolmani oil exploration

…of exploration activities at the Kolmani Oil Field in Bauchi State. The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Muhammad Bello, made the commitment on Monday during a verification visit to the oil field. Bello said the commission was at the site to assess the current state of the project…

General News by nigerianewsfeed · 1 mon ago · 0 comments · 18 views
Atiku accuses Tinubu of favouring oil companies with tax incentives amid rising petrol prices 

…given to companies in the petroleum sector, including details of beneficiaries, the revenue involved and the investments delivered in return. Atiku said Nigerian investors should also have fair and transparent access to similar incentives. He added that the success of economic reforms should be judged by whether they i…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 18 views
APC council: Kwankwaso faults Adedeji, Yakubu, as Melaye vows suit

The inclusion of the Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, and the Director-General of the Budget Office of the Federation, Taminu Yakubu, in the All Progressives Congress (APC) Presidential Campaign Council for the 2027 election has sparked criticism, with former Kogi West Senator Dino Melaye t…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 20 views
Atiku: Returning to fuel subsidy will reverse Nigeria’s economic gains — Minister

…on fuel subsidies in 2022, at a time when oil production was declining and government revenues were under pressure. He cited warnings by the World Bank that the subsidy was consuming resources that could have been deployed to critical sectors, including education, healthcare, infrastructure and social protection.Accord…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 18 views
FG's infrastructure spending hits N6.47tn, highways dominate

…amount in naira. So, the savings showed up in the Federation accounts by way of higher revenue collections as a result of the reforms.” A further analysis of the documents showed that the Lagos-Calabar Coastal Highway, one of the four legacy road projects of the current administration, received N2.23tn, accounting for…

Business by nigerianewsfeed · 1 mon ago · 0 comments · 21 views
FAAC bonanza: Govs face questions as payouts hit N47tn

…are facing growing pressure to account for how they have spent public funds disbursed as revenue by the Federation Account Allocation Committee in the last three years, The PUNCH reports. This scrutiny follows the revelation that the Federation Account disbursed about N47tn to the three tiers of government in the three…

General News by nigerianewsfeed · 1 mon ago · 0 comments · 20 views
2027: PDP's Oluyede urges Nigerians to make presidential poll about performance, continuity

…in the second term. He said, “Nigeria needs an economy in which increased government revenue and improved investor confidence will ultimately translate into better public services and greater economic opportunities, which will be much easier for the present administration to achieve”. He said the country needed stabili…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 19 views
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