Nollywood actress Funke Akindele’s new film, Everybody Loves Jennifer, has been declared the highest grossing film of all time in West Africa. The movie released to cinemas exactly one month ago has raked in N1.6 billion across cinemas. Filmone, the film’s distributor, disclosed this on its Instagram page @filmoneng,...
Revenue
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has urged private companies, government’s Ministries, Departments and Agencies (MDAs) and other employers of labour in the territory to file their employee annual tax returns for 2024. The acting Executive Chairman, Mr Michael Ango, who made the call in a statement...
The Cinema Exhibitors Association of Nigeria (CEAN), has said the Nigerian film industry has experienced a significant surge with the Box Office recording an impressive 60 per cent increase in 2024. CEAN’s National Chairman, Mr Ope Ajayi, revealed this while speaking with the News Agency of Nigeria (NAN), in...
The Nigeria Customs Service (NCS), Area 2 Command, Onne, Rivers, has said it exceeded its revenue target for 2024 by generating N643 billion during the year. The Area Controller, Mr Muhammed Babandede, who disclosed this at a news briefing in Onne on Tuesday, said that the command had a...
The outgoing Customs Area Controller (CAC) of Tincan Island Command, Mr Dera Nnadi has attributed the N1.26 trillion revenue to the implementation of a 24-hour cargo clearance system, which includes weekend operations. Nnadi disclosed this during the handover ceremony to the newly appointed CAC of Tincan Island Customs Command...
President Bola Tinubu says the Federal Government targets N34.82 trillion revenue to fund the N47.9 trillion 2025 budget. Tinubu stated this on Wednesday in Abuja while presenting the 2025 Appropriation Bill to joint session of the National Assembly. The News Agency of Nigeria (NAN) reports that the N47.9 trillion...
The House of Representatives has directed Infrastructure Concession Regulatory Agency (ICRC) and Nigeria Electricity Regulatory Commission (NERC) to provide details of their budget performances to ascertain their compliance with extant financial regulatory laws. Chairman, House Committee on Finance, Rep. James Faleke, stated this in Abuja on Tuesday when the...
The Federal Capital Territory Internal Revenue Service (FCT-IRS), has created a dedicated unit for taxation of more than 10,000 High-Net-worth Individuals (HNIs) in the FCT. The acting Executive Chairman of the Service, Mr Michael Ango, announced the development in a circular made available to newsmen in Abuja on Sunday....
The Oyo Stakeholders Forum (OSF) is pleased to spotlight the transformative vision of Dr. Sir Zaach Adedeji, the current Chairman of the Federal Inland Revenue Service (FIRS), and the only APC ASPIRANT that can transform Oyo State in 2027. Dr. Adedeji’s tenure at FIRS has demonstrated an exceptional ability...
By JOY ADARA, Abuja – The Federation Accounts Allocation Committee (FAAC), has shared N1.411 trillion among the Federal Government, States and Local Government Councils (LGCs) for October. This is contained in a communiqué from FAAC made available by Mr Bawa Mokwa, the Director, Press and Public Relations, Office of...
The Chairman Borno State Internal Revenue Service, Prof. Bello Ibrahim, has said that the agency has no plan to introduce any new tax in the state for now. Ibrahim in an interview with the News Agency of Nigeria (NAN) on Sunday in Maiduguri, said the state was for now...
The Nigerian Electricity Regulatory Commission (NERC) has said the total revenue collected by all Electricity Distribution Companies (DisCos) in quarter two hit N431.16 billion. The commission made this known on its Website in its second quarter 2024 report in Abuja on Thursday. The report said that the N431.16 billion...
Mr Joko Okupe, Chief Executive officer of Modo Ante, says the Lagos State Government can achieve an annual Internally Generated Revenue (IGR) of five trillion Naira through innovative approaches. Okupe, who said this in an interiew with the New Agency of Nigeria (NAN) on Thursday in Lagos, said that...
BUA Foods Plc has declared a revenue of N729.4 billion, an increase of 74.4 per cent relative to its 2022 revenue. The Chairman of BUA Foods, Alhaji Abdul Rabiu, said this at the 3rd Annual General Meeting of the company on Thursday in Abuja. While presenting the Annual Report...
The Minister for Finance and Coordinating Minister of the Economy, Mr Wale Edun, has said that Federal Government’s revenue for the first quarter of 2024 has increased to N9.1 trillion. According to Edun, this is more than double in the same period in 2023. Edun said this at the...
By DANJUMA JOSEPH, Lafia- Nasarawa State internally generated revenue from solid minerals royalty has hit one (1) billion naira monthly, making it number four in the country. Minister of Solid Minerals Development, Dr. Dele Alake, disclosed this in Lafia, during a courtesy call on Governor Abdullahi Sule, of Nasarawa...
By CHRISTIANA LOT, Jos – The Plateau State Ministry of Lands, Survey and Town Planning has reported a remarkable surge in revenue, nearly tripling its earnings in 2024 by generating close to ₦500 million by August. This figure represents a significant increase from the ₦173 million recorded between January...
The Federation Accounts Allocation Committee (FAAC), has shared the sum of N1.358 trillion among the Federal Government, States and Local Government Councils (LGCs) for the month of July. This is contained in a communique issued after FAAC meeting for August on Friday in Abuja. According to the communique,...
The Cinema Exhibitors Association of Nigeria (CEAN) on Wednesday said cinemas across the country generated N4.6 billion in first half of 2024. Chairman of CEAN, Mr Ope Ajayi, in an interview with the News Agency of Nigeria (NAN) in Lagos, said the cinema played host to 1,199,661 visitors...
The Federation Accounts Allocation Committee (FAAC) has shared a total sum of N1.354 trillion June revenue among the Federal Government, states and Local Government Councils (LGCs). The revenue was shared at the July meeting of FAAC, held in Abuja and chaired by the Minister of Finance and Coordinating...