By Vivian Emoni The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has pledged to deepen collaboration with Nigerian Extractive Industries Transparency Initiative (NEITI), to strengthen transparency, accountability and revenue mobilisation in extractive sector. The RMAFC Chairman, Dr Mohammed Shehu, said this when NEITI Executive Secretary, Mr Musa Adar, paid himContinue Reading
By Vivian Emoni Dr Mohammed Shehu, Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), says the commission has completed reviews of the revenue allocation formula and remuneration for political, public and judicial office holders. This is contained in a statement by Hajia Maryam Yusuf, Head, Information and PublicContinue Reading
By Emmanuel Ijikanmi BUA Cement Plc has reported a 25.6 per cent increase in revenue to N728.9 billion for the half-year ended June 2026. The company disclosed this in its unaudited financial results released on Thursday and made available to News Agency of Nigeria (NAN) in Abuja. It said revenueContinue Reading
By Adeola Akinbobola The Federation Account Allocation Committee (FAAC), has shared N2.550 trillion among the Federal Government, States and the Local Government Councils for the month of June. Mr Bawa Mokwa, the Director, Press and Public Relations in the Office of the Accountant-General of the Federation (OAGF), said this inContinue Reading
By Funmilayo Adeyemi The Nigeria Civil Aviation Authority (NCAA) has warned that actions capable of reducing its statutory revenue could weaken its operations and affect aviation safety oversight. The Director of Public Affairs and Consumer Protection at the NCAA, Mr Michael Achimugu, gave the warning at a news conference inContinue Reading
By Naomi Sharang The Senate Committee on Customs and Excise, on Monday, approved a N11 trillion revenue target for the Nigeria Customs Service (NCS). The upper chamber also approved N1.235 trillion expenditure estimate for the 2026 fiscal year, expressing confidence that the agency would sustain its reform programme and improveContinue Reading
By Philip Yatai The Federal Government has engaged the banking community in Abuja to deepen understanding of the Revenue Optimisation Assurance Platform (RevOp), a digital platform designed to improve revenue generation, reduce leakages, and enhance public sector accountability. Mr Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy,Continue Reading
By Philomina Attah The Abuja Municipal Area Council (AMAC) Revenue Taskforce says it will commence a comprehensive routine enforcement operation across all business premises within the council. The Chairman of the taskforce, Mr Musa Aliyu, who disclosed this in a statement on Thursday in Abuja, warned that all defaulters wouldContinue Reading
By Nana Musa The Executive Chairman of the Nigeria Revenue Service (NRS), Dr Zacch Adedeji, says the service is targeting N40 trillion in tax revenue for the federation in 2026. He stated this on Tuesday in Abuja during a national workshop on strengthening tax compliance under the new tax regimeContinue Reading
By Vivian Emoni Dr Mohammed Shehu, Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says nationwide data verification exercise by the commission will sustain and strenghten revenue allocation framework. Shehu disclosed this while briefing newsmen on the importance and purpose of the nationwide exercise in Abuja on Thursday. He saidContinue Reading
