Hameed Ali says most Customs officers are not corrupt | YNaija.com

Customs CG proves he doesn’t need a uniform to do his job

The Nigerian Customs Service said it has generated a total revenue of N1.01 trillion in the 2017. The agency said it is its highest revenue ever. Joseph Attah, public relations officer, NCS, disclosed this during a media briefing at the agency’s headquarters in Abuja, on Thursday. He said despite low volume of imports, the agency still... Read More

The News Blog

Comptroller-General, Customs, Hameed Ali, revenue

September 30, 2017

Twitter’s 280 character limit; 2541 Boko Haram terrorists to be prosecuted | The 5 numbers that mattered this week

2,541 – The Attorney-General of the Federation and Minister of Justice, Abubakar Malami said a special prosecution arrangement has been put in place and trial will commence for this number of suspected Boko Haram members currently detained at Wawa Barracks in Kainji, Niger State, and Maiduguri prison in Borno State. $375,000 – According to the Vice-Chancellor of Redeemer’s... Read More

Featured, The News Blog

boko haram, Federal Government, numbers that mattered, Redeemers University, revenue, trial, twitter.

September 29, 2017

FG, states, LGs share N637.7bn in September

The Accountant-General of the Federation, Ahmed Idris, at the end of the monthly Federal Accounts Allocation Committee (FAAC) meeting on Thursday in Abuja, said that the Federal Government, state and local governments shared a total of N637.704 billion in September. Details: He said the sum indicated a rise in the revenue shared by the three... Read More

The News Blog

Accountant General of the Federation., Ahmed Idris, Allocation, revenue

June 20, 2017

We will fund part of 2017 budget with recovered loots – FG

The Federal Government on Monday sais it will use part of the looted funds recovered so far to partly finance the 2017 budget. Minister of Budget and National Planning, Senator Udoma Udo Udoma, said this at the 2017 budget breakdown in Abuja. He said the total revenue projected was N5.08 trillion, with 11 per cent... Read More

The News Blog

2017 budget, looted funds, Minister, revenue, Udo Udoma

May 12, 2017

NBS releases IGR realised by states

by Omoleye Omoruyi The National Bureau of Statistics (NBS) has released the Internally Generated Revenue (IGR) at State level for January to December 2016. The statistics shows that Lagos State recorded the highest IGR figure of N302.42bn in Full Year 2016. Lagos with a population of above 20 million, earned 81,097,954,616.12 from federal allocation, FAAC. Ebonyi... Read More

The News Blog

Ebonyi, IGR, lagos, NBS, PAYE, revenue, Rivers State

May 1, 2017

“I feel pained losing revenue from online sales of #AgainstTheRunOfPlay” | Segun Adeniyi reacts to piracy of his newly released book

by Dolapo Adelana Author of ‘Against The Run Of Play’, Segun Adeniyi has expressed displeasure that his creative work has been hacked online. There were reports on Sunday that hackers had broken the security code for the online version of the must read and had started distributing it on Instant Messaging App, WhatsApp. In a... Read More

Against the run of play, Hackers, Online version, Piracy, pirates, revenue, segun adeniyi

April 26, 2017

Fed Govt, states, local govts share N467.8b for March

The Federation Accounts Allocation Committee (FAAC) on Tuesday shared N467.807 billion among the three tiers of government for March. The Accountant-General of the Federation (AGF), Ahmed Idris said the revenue of N331.583 billion received for the month was higher than last month’s N290.163 billiion. Idris addressed a news conference after the meeting in Abuja. The... Read More

The News Blog

Allocation, Federal allocation, FG, march, revenue

December 19, 2016

Lagos generated N287bn revenue in 2016 – Ambode

Lagos State governor, Akinwunmi Ambode on Sunday said the State recorded N287bn IGR in 2016 more than it got in 2015. He said this at a special evening of music and camaraderie held at the Lagos House, Ikeja to celebrate this Christmas season. Ambode praised tax payers, while stating that taxes paid by the people... Read More

The News Blog

Akinwunmi Ambode, IGR, lagos state, N287bn, revenue

December 10, 2016

Opinion: Lagos state budget 2017 | What the government is not telling us

by Oke Godwin Olaoluwa The Lagos state is in the news again. The state has set a new record, for the highest amount of budget proposal ever prepared by a single Nigerian state. The budget is estimated to be about 11% of the total budget of the federal government of Nigeria. The budget tagged “The Golden... Read More

2017 budget, economy, Governance, lagos, opinion, revenue

November 30, 2016

“NCC should be reducing tariffs, not increasing it” – Murray-Bruce

Senator Ben Murray-Bruce says the Nigerian Communications Commission (NCC) ought to be reducing tariffs and not increasing it. The “Common sense” senator, who stated this on Wednesday in his Facebook page said if the government wanted to raise revenue, it should tax what the rich mainly enjoys. See post below: I will fight against this... Read More

The News Blog

ncc, revenue, senate, Senator Ben Murray-Bruce, tariff, Tax

November 29, 2016

Senate begins probe into revenue of CBN, others

The Senate on Tuesday investigated the remittance and expenditure of internally generated revenue by all revenue generating agencies of the Federal Government. Senator Solomon Adeola had moved a motion titled “Urgent Need to Investigate Revenue Generating Agencies over Alleged Leakages, Non-Remittance and Misuse of Generated Revenue” on the floor of the house. The motion was... Read More

The News Blog

CBN, revenue, Revenue leakages, senate

November 25, 2016

Opinion: Adopting subscription model for digital marketing agencies in Nigeria

by Segun Adeyemi From individual freelancers to organized corporate firms, there is an increasing number of people and companies that offer digital marketing services such as content marketing, search engine optimization, social media marketing and other similar services. Traditionally, digital marketing agencies like many service based businesses usually bill a lump sum based on a... Read More

Digital marketing, nigeria, revenue, SMEs, subscription

November 24, 2016

Jason Njoku: Why 50 million naira is a big deal

by Jason Njoku A few weeks back Oo Nwoye told me that Nigerian startup founders (including myself) lacked ambition. That they think once they get to N50 million per year in revenue we have ‘made it’ so then relax. That in SF, people think about world domination, then spend whatever it takes to get there. I... Read More

Cover Stories

entertainment industry, GT Bank, Jason Njoku, middle class, nigeria, Nigerian companies, revenue, StartUp founders, startups

October 12, 2016

NLNG assets now worth N5.2trn – MD

The Managing Director, Nigeria Liquefied Natural Gas Limited, Mr. Tony Attah, says the company’s assets are now worth over $13bn (N5.2trn), The Punch reports. This is contained in a statement by the firm, which quoted him as saying this during a technical session chaired by the Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, at the 22nd... Read More

The News Blog

22nd Nigerian Economic Summit, Dr. Maikanti Baru, N5.2trn, Nigeria Liquefied Natural Gas, Nigerian National Petroleum Corporation, revenue, Tony Attah

September 18, 2016

Opinion: That sallah celebration in economic recession

by Shittu Yunus Shittu Before the recent Islamic celebration of Eid-Kabir, many Muslims were quite apprehensive on how they could celebrate the occasion in view of the economic recession in the country. The situation was so alarming that some Islamic scholars had to intervene with consoling sermons and preaching on economic management in critical period.... Read More

ECA, economy, FG, ICAN, nigeria, recession, revenue, Rewane Bismarck

September 2, 2016

Opinion: Buhari’s elitism leads to economic collapse

by David O. Kuranga As I predicted a year ago the Nigerian economy is officially in a full blown recession, the naira is crashing and is the worst performing currency in the world because the Administration of President Buhari refused to do the right thing and increase taxes progressively on Nigeria’s wealthy. His finance minister finally... Read More

Buhari, economy, elitism, FG, Forex, nigeria, propaganda, revenue

August 19, 2016

The PDP has found Buhari’s sore point and they are hitting it hard

by Isime Esene Fifteen months after taking serious verbal attacks from the Peoples Democratic Party over the perfromance of the economy on Pres. Muhammadu Buhari’s watch, the All Progressives Congress (APC) party chairman, John Oyegun decided he’s had enough, choosing to hit right back. Oyegun who has been somewhat quiet in the past one year laid... Read More

Featured

APC, CBN, economy, exchange rate, inflation, John Oyegun, Muhammadu Buhari, nigeria, nnpc, Oil, PDP, revenue

August 1, 2016

‘I pity President Buhari’ – El-Rufai

Kaduna State Governor, Nasir el-Rufai, on Sunday, said that over seventy percent of Nigeria’s oil revenue has disappeared under previous administrations without a trace due to corruption. The Governor stated this during the Sunday service at The Latter Rain Assembly, where he was a guest. He said that the present state of Nigeria was saddening as... Read More

The News Blog

bakare, Buhari, Economic, el rufai, kaduna, nigeria, Oil, revenue

June 27, 2016

‘States won’t get N90bn loan if Federal Allocation exceeds N500bn’

The Federal Government will cease disbursing the N90 billion conditional loan to state governments any month the allocation from the federation account goes above N500 billion. According to the Special Adviser on Media to the Minister of Finance, Festus Akanbi, who spoke with The Punch, it would be unwise for the federal government to continue disbursing... Read More

The News Blog

adeosun, Allocation, Finance, Minister, revenue, states

June 26, 2016

Lagos state made more money than 32 states in the past year [DETAILS]

The Internal Generated Revenue of Lagos state, which stands at N268 billion, is said to be higher than the combined IGR of 32 states, the Economic Confidential reports. According to the report, fifteen states are on the verge of bankruptcy as their IGR was far below the 10% gotten from the federal allocation from June... Read More

Featured

Ekiti, IGR, kano, lagos, Ogun, revenue

May 26, 2016

NNPC returns N6 billion | FG suffers $45.90 million revenue loss

The Nigeria National Petroleum Corporation (NNPC) has reportedly refunded the sum of #6.330 billion to the federal government, even as the federal goverment suffered a revenue loss of $45.90 million. This was contained in a statement signed by Kene Offie, Head of Press and Public Relations, Office of the Accountant General of the Federation. The... Read More

The News Blog

Accountant General, FG, income, nigeria, nnpc, Oil and Gas, revenue

May 23, 2016

How NNPC failed to remit $3.8bn, N358.3bn to FG in 2013

A recently released report by the Nigeria Extractive Industries and Transparency Initiative (NEITI) has alleged that the Nigerian National Petroleum Corporation failed to remit $3.8 billion and N358.3 billion to the Federation account in 2013 This was disclosed by the Chairman of NEITI, Kayode Fayemi, while presenting the 2013 audit reports of the agency in... Read More

The News Blog

: Gas & Oil, 2013, FG, losses, NEITI, nnpc, Oil, remit, revenue

May 17, 2016

In one photo, an argument that Nigeria is not really a mono-economy

A popular opinion is that Nigeria’s economy is a mono economy that is tied directly to the petroleum industry. While this maybe true in terms of revenue earned by the government, this photo, tweeted by social commentator @TunjiAndrews, shows otherwise in terms of the larger economy. So, I was just interviewed on "Diversifying Nigeria's economy" Again &... Read More

The News Blog

diversified, economy, GDP, nigeria, petroleum industry, revenue

December 13, 2015

Is Nigeria truly broke? See how much the country made and spent in the past few months

According to the Medium Term Expenditure Framework and Fiscal Strategy Paper (2016-2018) sent by the president to the National Assembly, the Federal Government has spent N3.42tn out of the total N4.493tn spending approved in the 2015 budget in nine months. The spending of the government in the last nine months have largely been on recurrent expenditures while... Read More

The News Blog

Buhari, economy, Federal Government, Finance, fiscal, Ministry of Finance, money, naira, Oil, revenue

December 2, 2014

Import substitution programmes set to kick off over oil prices

by Laila Ibrahim Following the country’s dwindling oil revenue, the Federal Government is set to commence comprehensive implementation of import substitution programmes in order to enhance local production of goods and services and make the country self sufficient. This was disclosed by President Goodluck Jonathan while speaking at the Top 100 Businesses Award Dinner held... Read More

Goodluck Jonathan, imports, nigeria, Oil, revenue

October 6, 2014

@TundeLeye: Nigeria’s oil is drying up, and when it does, this is what will happen (Y!FrontPage)

by Tunde Leye Oil has not been important for a very long time. When we see the behemoth-like companies that are involved in the oil trade worldwide now, and the way the global economy seems to revolve around the price of oil, many of us will find it very difficult to believe. But oil has... Read More

@tundeleye, gunpowder, revenue, Tunde Leye, Y! Frontpage

May 11, 2014

Theophilus Ilevbare: Why the North’s dependence on oil revenue is festering terrorism

by Theophilus Ilevbare In the most dishonest manner, northern leaders have taken a stand in the face of profoundly disturbing spate of bloodletting; they blame the poverty in the North on the 13 percent derivation of oil revenue given to the Niger Delta states. The ongoing national conference has been fraught with some very controversial... Read More

dependence, north, Oil, opinion, revenue, theophilus ilevbare, ynaija

March 20, 2014

Opinion: The thin line between out of work and out of hire

by Uzoma Elenwoke Having stated my case, I would want to see our government take a stronger stance on unemployment in our country so that at least the death of our fellow citizens who died last Saturday looking for jobs will not be in vain. Unemployment is high when over 125,000 applicants in Lagos and... Read More

case, economy, for, govenrment, nigeria, opinion, revenue, unemployment, uzoma elenwoke, ynaija

October 13, 2013

Simon Kolawole: A federalism ruined by allocations

by Simon Kolawole Now, how can states become more economically stable and viable? There are two avenues I can think of straightaway. One, solid minerals. The laws are currently skewed in favour of the federal government and there is gross inactivity despite all the licences issued to mining companies over the years. What is federalism?... Read More

Allocation, Federalism, Industries, Keshi, nigeria, Ondo State, revenue, simon kolawole, super eagles

May 13, 2013

Debo Adejugbe: Nigeria’s politics of revenue sharing (Y! Politico)

by Debo Adejugbe How is the present revenue accrued to the various federating units deployed? Has it, in all honesty, led to a better standard of living for the populace? In recent times, there have been calls for a review of Nigeria’s revenue sharing formula which according to the proponents, lopsidedly allocates more money to... Read More

Allocation, Debo Adejugbe, Goodluck Jonathan, Lucky Igbinedion, nigeria, Nikki Tobi, revenue, Rotimi Amaechi, Sani Abacha, shehu shagari, South-south, Timipre Sylva, Y! Politico

Customs CG proves he doesn’t need a uniform to do his job

Twitter’s 280 character limit; 2541 Boko Haram terrorists to be prosecuted | The 5 numbers that mattered this week

FG, states, LGs share N637.7bn in September

We will fund part of 2017 budget with recovered loots – FG

NBS releases IGR realised by states

“I feel pained losing revenue from online sales of #AgainstTheRunOfPlay” | Segun Adeniyi reacts to piracy of his newly released book

Fed Govt, states, local govts share N467.8b for March

Lagos generated N287bn revenue in 2016 – Ambode

Opinion: Lagos state budget 2017 | What the government is not telling us

“NCC should be reducing tariffs, not increasing it” – Murray-Bruce

Senate begins probe into revenue of CBN, others

Opinion: Adopting subscription model for digital marketing agencies in Nigeria

Jason Njoku: Why 50 million naira is a big deal

NLNG assets now worth N5.2trn – MD

Opinion: That sallah celebration in economic recession

Opinion: Buhari’s elitism leads to economic collapse

The PDP has found Buhari’s sore point and they are hitting it hard

‘I pity President Buhari’ – El-Rufai

‘States won’t get N90bn loan if Federal Allocation exceeds N500bn’

Lagos state made more money than 32 states in the past year [DETAILS]

NNPC returns N6 billion | FG suffers $45.90 million revenue loss

How NNPC failed to remit $3.8bn, N358.3bn to FG in 2013

In one photo, an argument that Nigeria is not really a mono-economy

Is Nigeria truly broke? See how much the country made and spent in the past few months

Import substitution programmes set to kick off over oil prices

@TundeLeye: Nigeria’s oil is drying up, and when it does, this is what will happen (Y!FrontPage)

Theophilus Ilevbare: Why the North’s dependence on oil revenue is festering terrorism

Opinion: The thin line between out of work and out of hire

Simon Kolawole: A federalism ruined by allocations

Debo Adejugbe: Nigeria’s politics of revenue sharing (Y! Politico)

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