Friday , October 22 2021

Tag Archives: Revenue

Minister Assures Nigerians of Plans to Stabilize Revenue

Finance Minister Assures Nigerians on FG's Plans to Stabilize Revenue

The Minister of Finance, Mrs. Zainab Ahmed, declared that the present administration, in a bid to set the economy on the path of growth and economic sustainability is working out plans to stabilize revenue. This statement is contained in her Independence Day message to Nigerians, which was released to the …

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Airtel Africa Profit Drops by 57 Per Cent

Airtel Africa Plc at the weekend  reported a 57 per cent slump in profit after tax in the quarter ended June 30, 2020 on the back of the impact of the COVID-19 pandemic. The African unit of the Indian-based telecom company reported $57m profit after tax as against $132m in …

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FG Makes Plan to Generate N18 Trillion Revenue

The Federal Government on Thursday said it had identified oil and non-oil initiatives that could help the country generate between N13tn to N18tn and achieve its 15 per cent revenue to Gross Domestic Product target. It also stated that states would need to generate N3.4tn to realise this, adding that …

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FG Records N1.46tn Revenue Deficit in Q1

Gross federally-collected revenue fell by 36 per cent or N1.46tn below the quarterly budget estimate in the first quarter of 2020. The Central Bank of Nigeria disclosed this in its quarterly report titled “Federation account operations,” obtained by our correspondent on Tuesday. The report said, “At N2.53tn, federally-collected revenue, in …

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