FAAC: FG, States, LGs share N966bn
The Federation Account Allocation Committee (FAAC) has shared the sum of N966.110 billion July Federation Account Revenue to the Federal Government, States and Local Councils.
Twitter sees surge in users; revenue slides amid turmoil
Twitter said Thursday user growth soared in the past quarter even as ad revenues took a hit amid civil unrest in the United States. The short-messaging service reported a net loss of $1.2 billion in the quarter, most of that coming from setting aside funds for income taxes. Revenue slumped 19 percent from a year […]
Delta Govt introduces property tax to boost revenue
As part of measures aimed at boosting its revenue base, Delta State Government is to introduce property tax in urban areas of the state.
Reps begin investigation to identify, block $30bn annual revenue leakage
The House of Representatives has commenced investigations to identify and block revenue leakages that cost Nigeria in excess of $30 billion annually. The investigative hearing which began on Monday in Abuja, was organized by the joint house committees on Finance, Banking and Currency. The Speaker of the house, Rep. Femi Gbajabimila, said that Nigeria is […]
How Ex-warlord, Tompolo’s maritime security contract boosted NIMASA’s revenue – Jamoh
More than five years after the termination by the Nigerian Maritime and Safety Agency (NIMASA), of maritime security contract it entered with Global West Specialist Vessels Limited, a company said to be sponsored by ex-warlord, Chief Government Ekpemupolo, ( aka Tompolo), the agency’s new Director General, Dr. Bashir Jamoh, has testified that the contract actually […]
Bayelsa IGR rises to N1.2bn in March
The Bayelsa Government on Saturday said it generated N1.2 billion as Internally Generated Revenue (IGR) in the month of March 2020, highest in the last one year, up from N848.9 million generated in February 2020, Mr Timipre Seipulou, the Technical Assistant to the Governor on Treasury, Account and Revenue, gave the figure in Yenagoa, during […]
