…in the area said this was the height of the illicit trade that causes government to lose revenue and discourages local production of rice. The disruption got to a head on Friday when the smugglers blocked Goro section of Atan-Ota on the highway for about six hours. While the disruption lasted, children heading to schoo…

…Approved Budget Analysis 2026, the organisation said the approved budget projects revenue of N36.87tn against total expenditure of N68.32tn, left a financing gap of N31.45tn, equivalent to 6.41 per cent of the country’s Gross Domestic Product. According to the report obtained by Sunday PUNCH, the projected deficit is m…

…of the world have intervened in a period like this, and for us to have additional revenue due to the hike, or the rise, in crude oil prices, being that our budget benchmark was lower, I think part of it is supposed to be ploughed back into making sure that the price at the pump is reduced. Despite increased domestic re…

…laundering, terrorism financing, cybersecurity and data privacy threats, fraud, and revenue losses. “Too often, unregistered and fraudulent operators have exploited these gaps to prey on unsuspecting Nigerians, costing families their savings,” the statement read. To address this, the Presidency said the order establish…

…move is aimed at addressing criticism of the reform programme suggesting that gains in revenue, foreign exchange liquidity and investor confidence have yet to translate into meaningful relief for households facing high food, transport and living costs. Speaking at a ‘ conference organised by BusinessDay newspaper, in L…

…“improving productivity through industrialisation and value addition; optimising public revenue through tax reforms and simplified compliance; and promoting inclusion through investments in education, vocational training, women, youths, persons living with disabilities, and small businesses.” Oyedele disclosed that the…

…office has verified. A new OHCHR report described gum arabic and gold sales as “a major revenue source” for the Sudanese Armed Forces (SAF) and paramilitary Rapid Support Forces (RSF). The authors decry how the wealth of the embattled nation has become a tool to undermine human rights and exacerbate conflict, causing p…

…for issuing a divorce certificate on June 26, 2026, bypassed the Kwara State Internal Revenue Service payment process and appended his signature to the certificate without the authority to do so. It added that although Philips admitted some of the allegations during his appearance before the investigative committee on…

…the huge funds that passed through the companies operated by her were not disclosed as revenue of the companies in their financial statements filed at the Federal Inland Revenue Services (FIRS).'The EFCC said the forfeited assets were recovered during executed searches at her residence.''While being interrogated, she w…

…further sanctioned two state-owned Sudanese mining companies accused of generating gold revenues for the Sudanese Armed Forces. A third state-owned company, Ariab Mining Company, was also designated over allegations that it was "channelling revenue from conflict gold to both the SAF and RSF."Announcing the measures, Br…

…vulnerabilities and strengthened investor confidence. He noted that government revenues also improved on the back of higher oil receipts and stronger non-oil tax collections, while greater policy credibility helped sustain confidence in the financial markets. However, he stressed that the benefits of macroeconomic stab…

…of higher export earnings, stronger foreign exchange inflows and improved government revenues if current price levels are sustained. Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that Nigeria’s average daily crude oil and condensate production rose by 2.3 per cent to 1.74 million…

…employment, stimulating private investment and increasing internally generated revenue. He further stressed that modern transportation infrastructure remains critical to achieving that vision, describing the Oron Marine Jetty as one of the strategic projects that will support conference tourism, leisure travel and coas…

…the Federal Government, state governments and local government councils from June 2026 revenue, representing an increase of N250bn from the N2.3tn distributed in the preceding month. The latest allocation represents a 10.9 per cent month-on-month increase and extends the steady rise in federation revenue this year. The…

…the Federal Government, state governments and local government councils from June 2026 revenue, representing an increase of N250bn from the N2.3tn distributed in the preceding month. The latest allocation represents a 10.9 per cent month-on-month increase and extends the steady rise in federation revenue this year. The…

…system. The government said the initiative, introduced through the Kwara State Internal Revenue Service, is part of broader tax reforms aimed at improving revenue collection, eliminating multiple levies and making it easier to do business in the state. In a statement issued on Tuesday, the Executive Chairman of KW-IRS,…

…through interventions by the Tertiary Education Trust Fund, internally generated revenue and public-private partnerships. However, student unions have maintained that the interventions remain inadequate compared to the growing enrolment in public tertiary institutions. The renewed call by NANS comes amid ongoing effort…

…priorities of job creation, stronger economic growth, improved productivity and higher revenue generation. “The government’s aspiration remains bold, achieving seven per cent annual real GDP growth and building a $1tn economy by 2030. This requires thinking differently, questioning assumptions, challenging long-held th…

…highly exposed to currency risks.By shifting sales to USD, the refinery aligns its revenue streams with the currency required to secure its raw crude supplies.The transition is expected to heavily impact local marketers, who must now secure foreign exchange to buy fuel directly from the refinery. Consequently, retail p…

…report does state, though, that the accumulation of debt, which exceeds the club's revenues, has seen Al Nassr's transfer activity stall during the current window, including plans to acquire a foreign player to replace midfielder Marcelo Brozovic. The precariousness of the situation could also have a lasting impact on…

…in 2025, warning that such fiscal incentives have significantly reduced the service’s revenue-generating capacity. Adeniyi made the disclosure during an investigative hearing of the Senate Committee on Finance with revenue-generating agencies in Abuja. At the same session, the committee threatened to invoke sanctions a…

…stability and national security, adding that it deprives the government of critical revenue, distorts the domestic supply chain, encourages artificial scarcity, fuels criminal enterprises, and undermines the gains of ongoing reforms in the petroleum sector. He reiterated that the service will continue to confront these…

…Education is a fundamental right and a public good, not a source of government revenue. "Imposing multiple fees at the basic education level risks denying many children their right to education. At that stage, the State has a duty to invest in educating and preparing its citizens for productive lives, not to erect fina…

THE Nigeria Revenue Service (NRS) has reaffirmed its dedication to fostering voluntary tax compliance, exactly one year after the rollout of Nigeria’s comprehensive tax reform initiatives. In an earlier statement marking the anniversary, the NRS described taxpayer education as a critical pillar in sustaining the gains…

…level, debt servicing is expected to continue consuming more than half of government revenue. The IMF estimated that interest payments absorbed 53.2 per cent of Federal Government revenue in 2025 and projected the ratio at 53.7 per cent in 2026 before easing marginally to 52.4 per cent in 2027. The Minister of Finance…