14 h. ago How Online Gambling Boosted Nigerian Revenue In The Last Quarter of 2024

Nigeria’s gross gaming revenue reached €675.1 million by the end of 2024, with the final quarter accounting for a significant portion of this total. The increase in revenue stemmed primarily from the growth of online gambling, supported by improved internet accessibility, mobile platform functionality, and streamlined digital payment solutions. These factors created an environment in […]

Politics

4 d. ago 2024 Bid Round: 10 Oil Block Awardees Begin Production — NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that 10 of the oil block awardees from the 2024 bid round have commenced production activities. This development marks a significant milestone in Nigeria’s efforts to boost oil production and revenue. This is as the Nigerian National Petroleum Company Limited (NNPC) reported that the Ajaokuta-Kaduna-Kano (AKK) […]

Politics

5 d. ago Balancing Revenue Generation Amid National Security Challenges

In the last few years, Nigeria’s economy has diversified its revenue streams. The country has stopped its over-reliance on oil to other streams such as export and revenue from cargo imported into the country. The revenue generated from these multiple streams is spent on developmental projects such as bridges, railways, superhighways, airports, and seaports, among […]

Politics

5 d. ago Oil prices hit pandemic level in threat to Nigeria’s revenue

Nigeria’s economy is facing a renewed strain as global oil prices plummet, reaching levels reminiscent of the devastating downturn experienced read more Oil prices hit pandemic level in threat to Nigeria’s revenue

Events

5 d. ago Nigeria’s oil revenue threatened by price drop to $59 per barrel

The price of crude oil has dropped to $59 per barrel, the first decrease since February 2021. According to reports on Wednesday, Brent crude, global oil price, fell by 5.09 percent to $59.62 per barrel at 12.30 WAT, while the US West Texas Intermediate fell by 5.54 percent to $56.28 per barrel. The fall in […] The post Nigeria’s oil revenue threatened by price drop to $59 per barrel appeared first on The Sun Nigeria.

Politics

6 d. ago Over 50% of Nigeria’s earnings spent combating insurgency – Senator Karimi

The Chairman of the Senate Committee on Services, Senator Sunday Karimi, has drawn attention to the enormous financial toll that insecurity has taken on Nigeria, revealing that more than half of the country’s revenue in recent years has gone into fighting terrorism and insurgency. In a statement issued in Abuja on Tuesday, and made available Read More

Politics

6 d. ago Seme Customs hosts House Committee on Customs generates N1.9bn revenue in Q1 

By Steve Agbota The Seme Area Command of the Nigeria Customs Service yesterday received the House of Representatives Committee on Customs and Excise, who were at the command for an oversight visit led by the Chairman, Leke Abejide. This is even as the Command said it generated N1.986 billion in the first quarter of 2025. […] The post Seme Customs hosts House Committee on Customs generates N1.9bn revenue in Q1  appeared first on The Sun Nigeria.

Politics

7 d. ago BUA Foods’ sugar business overtakes Dangote as earnings swell

BUA Foods has unseated Dangote Sugar as Nigeria’s top sugar producer by revenue, marking a major shift in the country’s read more BUA Foods’ sugar business overtakes Dangote as earnings swell

Politics

1 week ago ABC Nigeria, Built4Balance empower startups with revenue xcelerator program

The American Business Council Nigeria, in partnership with Built4Balance (B4B), successfully concluded the B4B Revenue Xcelerator Pilot Program in 2025. read more ABC Nigeria, Built4Balance empower startups with revenue xcelerator program

Politics

2 w. ago Nigeria records N1.556trn revenue on solid minerals, $831bn from oil – NEITI

The Nigeria Extractive Industry Transparency Initiative (NEITI) has said that Nigeria received a total revenue of $831 billion dollars from read more Nigeria records N1.556trn revenue on solid minerals, $831bn from oil – NEITI

Politics

2 w. ago Senate to consider Tinubu’s tax reform bills after resumption

The Senate is set to prioritise the consideration and passage of President Bola Tinubu’s tax reform bills upon resumption from its recess on April 29. The four bills, Nigerian Tax Bill, Tax Administration Bill, Revenue Tax Board Bill, and Nigerian Revenue Service Establishment Bill were forwarded by the President as part of efforts to reform Read More

Economics

2 w. ago Wike reveals plans to aggressively pursue revenue collection

From Juliana Taiwo-Obalonye, Abuja Minister of the Federal Capital Territory (FCT) Nyesom Wike has advocated for increased revenue generation through taxes and ground rent payments in the FCT to fund impactful projects, stating the intent to aggressively pursue revenue collection within legal boundaries. He made this disclosure in Abuja on Friday during a rigorous tour […] The post Wike reveals plans to aggressively pursue revenue collection appeared first on The Sun Nigeria.

Politics

3 w. ago DisCos’ revenue falls 33% short in 2024, as regulator blame inadequate metering, poor service

The electricity distribution companies in Nigeria recorded a 33 percent short fall in their total revenue in the year 2024, read more DisCos’ revenue falls 33% short in 2024, as regulator blame inadequate metering, poor service

Politics

3 w. ago Customs intensify border monitoring to boost revenue in Kebbi

The Kebbi Area Command of the Nigeria Customs Service is ramping up efforts in revenue generation, trade facilitation, and anti-smuggling operations. Speaking at a press briefing on Thursday, the Customs Area Controller, Comptroller Chidi Chukwumeziri Nwokorie, reiterated his commitment to enforcing Customs regulations, while promoting legitimate trade. Arewa PUNCH reports that within just six weeks Read More

Politics

3 w. ago CITN pushes AI to curb revenue leakage in Nigeria’s tax system

From Isaac Anumihe, Abuja Following the loss of revenues and underreporting of taxes for the development of Nigeria, the Chartered Institute of Taxation of Nigeria (CITN) has introduced the use of artificial intelligence (AI) in tax administration. In his keynote address at a maiden ICT summit on taxation in Abuja, the pioneer Director General of […] The post CITN pushes AI to curb revenue leakage in Nigeria’s tax system appeared first on The Sun Nigeria.

Politics

3 w. ago Nigerian market loses appeal as telcos’ revenue per user slumps

Nigeria is losing its status as the top-earning market for telecommunication companies, as average revenue per user (ARPU) declined by read more Nigerian market loses appeal as telcos’ revenue per user slumps

Politics

3 w. ago Senate Passes Bill To Require Social Media Platforms To Have Physical Presence In Nigeria

The Nigerian Senate has passed a bill for second reading that requires social media platforms like Facebook, YouTube, and others to establish physical offices within the country. Sponsored by Senator Ned Nwoko, the bill aims to ensure digital businesses contribute to Nigeria’s revenue and address challenges caused by the lack of physical offices. The bill […] The post Senate Passes Bill To Require Social Media Platforms To Have Physical Presence In Nigeria appeared first on Information Nigeria.

Politics

3 w. ago Nigeria’s tax reform: A lifeline or another economic misstep?

The Nigerian House of Representatives recently passed four significant tax reform bills, signalling a potential shift in the country’s revenue read more Nigeria’s tax reform: A lifeline or another economic misstep?

Economics

last month TotalEnergies Sustains Offshore Operations To Boost Revenue For Nigeria

TotalEnergies has said it will continue to partner with Nigeria to develop key oil and gas assets to support the federal government’s revenue generation and community development. The managing director, of the oil major, Matthieu Bouyer, gave the assurances during the tour of the TotalEnergies’ offshore fields of Ofon and Egina by the minister of […]

Politics

last month ‘How Nigerian art, artists can thrive in the digital economy’

Tribune Online ‘How Nigerian art, artists can thrive in the digital economy’ Artist and festival founder Miabo Enyadike says that artists, as entrepreneurs, must redefine their approach to the rapidly expanding global creative economy. THE creative industry has become a powerful economic force worldwide, and for Nigerian and African artists, adapting to the digital economy is essential for growth. Artists can maximise their influence and revenue streams […] ‘How Nigerian art, artists can thrive in the digital economy’ Tribune Online

Politics