FG disputes World Bank’s 124% debt servicing-to-revenue claim in H1
The Federal Government has rejected the World Bank’s finding that debt servicing consumed 124 per cent of revenue in the first half…
revenue
States’ revenues rise 93%, education’s share of spending falls — W’Bank
The World Bank says the revenues of Nigeria’s 36 states rose by 93 per cent between 2023 and 2025, but education received…
Free zone Customs command rakes in record ₦557bn revenue
The Free Zone Command of the Nigeria Customs Service generated a record N557.02 billion in revenue between January and August 2026. The…
26 states still lean on FAAC despite revenue growth — Report
At least 26 state governments were unable to generate sufficient internal revenue to cover their personnel costs in 2025, leaving them still…
RMAFC completes review of Nigeria’s revenue allocation formula
The Revenue Mobilisation Allocation and Fiscal Commission has completed the review of Nigeria’s Revenue Allocation Formula, paving the way for a new…
Anthropic revenue soars 1,360% ahead of planned IPO
Anthropic, the artificial intelligence startup behind the Claude chatbot, has reported a staggering 1,360 per cent surge in quarterly revenue to more…
X scraps revenue sharing, unveils original content rewards programme
X has announced plans to discontinue its Revenue Sharing programme and introduce a new Original Content Rewards programme to reward creators for…
FG exceeds 2024 borrowing target by ₦4.79tn over revenue shortfall
The Federal Government exceeded its 2024 borrowing target by N4.79tn after a wider-than-projected budget deficit forced it to raise significantly more financing…
Customs projects ₦11.074trn revenue target for 2026
The Nigeria Customs Service has projected N11.074 trillion in revenue for the 2026 fiscal year, following its record performance in 2025 when…
Discos lose 1.13 million customers despite record ₦2.32tn revenue
Electricity Distribution Companies have lost over 1.13 million customers amid lingering concerns over unreliable power supply and rising energy costs, findings by…
Customs rake in ₦3.35tn revenue in five months
The Nigeria Customs Service generated N3.35 trillion in revenue between January and May 2026, driven by stronger trade facilitation, improved customs processing…
DisCos generate nearly ₦600bn revenue in Q1 despite power shortages
Electricity Distribution Companies in Nigeria generated approximately N600bn in revenue during the first quarter of 2026, according to the latest industry data…