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Revenue

Customs targets N1.465tr revenue

The Comptroller-General, Nigeria Customs Service (NCS), Col. Hameed Ali (rtd) on Thursday told the Senate that agency plans to generate N1.465 trillion into the Federation Account this year. Ali spoke in Abuja when he appeared before the…

FIRS rakes N4.9trn in 2020

The Federal Inland Revenue Service (FIRS) says it collected N4,952,243,711,728.37 as tax revenue in the 2020 fiscal year. Mr Abdullahi Ahmad, Director of Communications and Liaison of the service made this known in a statement in Abuja…

Customs rakes in N1.6trn in 2020

The Nigeria Customs Service (NCS) generated the sum of N1. 562 trillion in the 2020 fiscal year. A statement by the Public Relations Officer, Deputy-Controller Joseph Attah, in Abuja, Wednesday, indicated that the amount generated was…

FIRS rakes in N4.122tr in 10 months

The Federal Inland Revenue Service (FIRS) on Wednesday put its overall 2020 performance from January to October at N4.122 trillion. It said this is in spite of Covid-19 challenges, financial Act 2019 incentives and palliatives…

Zamfara begins own gold reserve

Zamfara government says it has started its gold reserve to reduce dependence on federal allocations. The state Commissioner for Finance, Alhaji Rabiu Garba, told journalists in Gusau on Tuesday that, although, there was a federal…

FG predicts recession as revenue falls

The Federal Government on Thursday predicted a major recession in four years if economic indices don’t improve in the third quarter of 2020. “Nigeria’s Q2 GDP growth is in all likelihood negative, and unless we achieve a very strong Q3…

FIRS targets N8.5trn revenue in 2020

The Federal Inland Revenue Service (FIRS) says it is targeting N8.5 trillion revenue for the country in 2020. The Executive Chairman of FIRS, Mr Muhammad Nami, disclosed this at the 2020 Corporate Plan Retreat in Abuja on Friday. Nami…
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