Customs Generates N2.93trn at Apapa Port in 2025
The Nigeria Customs Service, Apapa Port Command, recorded N2.93 trillion revenue in 2025, a 24.32% increase. Controller Emmanuel Oshoba credits technology and stakeholder compliance. Read more.
Category : Search result: revenue shortfall
CITN: Sustained Implementation Critical for Tax Reform
CITN President Innocent Ohagwa outlines the pillars for Nigeria's new tax reform success: sustained implementation, capacity building & stakeholder engagement. Learn how the reforms aim to harmonize taxes and boost revenue.
Customs Generates N2.93tr at Apapa Port in 2025
Nigeria Customs Service's Apapa Command reports a record N2.93 trillion revenue for 2025, a 24.32% increase. The feat is credited to tech deployment and stakeholder compliance. Read more on the strategies and enforcement wins.
Customs Seizes N47.6bn Illicit Goods in Port Harcourt
The Nigeria Customs Service, Port Harcourt II Command, intercepted 75 containers of illicit goods, including expired drugs, valued at N47.6bn. The command also surpassed its 2025 revenue target. Read the full report.
Nigeria's Tax Reform: 10 Ways States Will Benefit
Nigeria's proposed tax reform bills aim to reshape fiscal federalism, granting states more autonomy and revenue. Discover the 10 key benefits set to transform governance and infrastructure.
Customs Port Harcourt II Generates ₦731.2bn in 2025
The Nigeria Customs Service, Port Harcourt II Command, generated ₦731.2 billion in 2025, surpassing its target by over 104%. Discover how they achieved this milestone and their major seizures.
US Venezuela Oil Plan Poses Risk to Nigeria's 2026 Budget
Experts warn that US efforts to revive Venezuela's oil industry could destabilise Nigeria's 2026 budget, which relies heavily on uncertain oil earnings. Discover the potential impact and calls for diversification.
Tax Reform Execution Delayed, Port Agencies in Limbo
The implementation of Nigeria's new tax laws faces sluggish execution due to poor inter-agency coordination. NPA and NIMASA continue port collections as the National Single Window's March timeline remains uncertain.
Clarifying FG Revenue vs Federation Account Funds
Public debate on Nigeria's finances is clouded by confusion. We break down the key distinction between total government revenue and the Federal Government's actual share. Understand the facts behind the recent statements.
Nigeria's N58tr Budget Faces $10bn Hole from Venezuela Crisis
Political upheaval in Venezuela could flood oil markets, slashing prices and creating a $10 billion shortfall in Nigeria's 2026 budget. Experts warn of severe fiscal strain and pressure on the Naira. Read the full analysis.
Akwa Ibom Gov Ends Deals With All Revenue Contractors
Akwa Ibom State Governor, Pastor Umo Eno, has terminated all revenue contractors and consultants to ensure transparency and centralised collection. Discover the new reforms.
ADC: Tinubu's NNPC Debt Cancellation Unconstitutional
The ADC party warns President Tinubu's write-off of NNPCL's legacy debt is illegal and will cause massive revenue loss for states and LGAs. Read the full analysis.
FG Unveils New Nigeria Revenue Service (NRS) Identity
Nigeria's Federal Inland Revenue Service (FIRS) has officially transformed into the Nigeria Revenue Service (NRS). Discover the new logo, public reactions, and what this means for taxpayers.
FIRS Transitions to Nigeria Revenue Service (NRS)
A new era begins as the Nigeria Revenue Service (NRS) officially replaces the FIRS. Discover the goals of the new tax regime and what it means for Nigeria's economy.
New Nigeria Revenue Service Logo Unveiled in Abuja
NRS Chairman Zacch Adedeji unveils the agency's new logo, signaling a commitment to a unified, efficient revenue system aligned with Nigeria's economic agenda. Read more.
Forbes 2025 Top 10 Highest-Paid Musicians List
Forbes reveals the top 10 highest-paid musicians of 2025, led by The Weeknd with $298 million. See the full list and how tours, streaming, and catalogue deals drove a $1.9 billion total.
Nigeria's Lingering Local Government Creation Crisis
Analysis of Nigeria's lingering crisis over arbitrary local government creation, from 240 native authorities in 1960 to 774 today. Explores historical data, military nepotism, and constitutional hurdles.
FIRS Replaced by NRS in Major Nigerian Tax Reform
Nigeria's FIRS is now the Nigeria Revenue Service (NRS) following landmark 2025 legislation. Discover how this shift promises transparency, efficiency, and a new era of public finance management for all citizens.
FIRS Transforms to Nigeria Revenue Service in 2026
Nigeria's FIRS transitions to the Nigeria Revenue Service in January 2026, driven by four new laws. The reform promises streamlined tax processes, stronger oversight, and integrated revenue collection for better public finance management.
FG Launches New Tax ID Portal Linked to NIN
Nigeria's new tax ID portal goes live January 1, 2026. Your NIN becomes your tax number. Learn how to retrieve your ID and what it means for you.
New Tax ID Portal Launches Jan 1, 2026 - How to Retrieve
Nigerians can now retrieve their Tax ID online using NIN or CAC details from Jan 1, 2026. Learn the simple steps to access your 13-digit number digitally.
Nigeria's Mandatory Car Recycling Fee Starts 2026
From 2026, Nigerians will pay a mandatory vehicle recycling fee at registration. The policy aims to generate over N150bn yearly, create jobs, and regulate used car imports. Get all the details.
National Assembly Explains Process on New Tax, Revenue Laws
The National Assembly clarifies the passage and publication of four key fiscal laws, including the Nigeria Tax Act 2025. An internal review of procedures is underway. Read the full details.
Kano Bans Cash Tax Payments from January 2026
Kano State will enforce digital-only tax payments from 2026 to curb revenue leakages. Experts urge public embrace of reforms for economic growth. Learn more.
N2.7 Trillion Spent on External Debt Service in Q2 2025
Nigeria's debt burden deepens as 45.2% of Q2 2025 revenue goes to servicing external loans. Experts warn of fiscal risks and crowding out of critical spending. Read the full analysis.
Lagos Can Raise ₦1 Trillion Annually from Property Tax
Tax Reforms Chairman Taiwo Oyedele says Lagos State can unlock ₦1 trillion yearly from property taxes with better data and legal harmonisation. Governor Sanwo-Olu commits to implementation.
Nigeria's Oil Revenue Falls 64% Short of Target in Q1 2025
The Federal Government's Q1 2025 budget report reveals a massive N8.21 trillion shortfall in oil revenue and a N3.04 trillion fiscal deficit. Discover the key figures and causes behind this critical shortfall.
Tin Can Customs Revenue Hits N1.57tr, Exceeds Target
Tin Can Island Port Customs generated N1.57 trillion, exceeding its annual target by N51.8 billion, driven by a surge in used vehicle imports. Read the full report on the revenue feat.
Detty December: More Than Fun, A Diaspora Brain Gain Gateway
Detty December 2024 drove record tourism & ₦1.02B box office revenue in Nigeria. Explore how this cultural movement fuels economic growth and diaspora reconnection for long-term national impact.
Ekiti Governor Oyebanji Signs N415.57bn 2026 Budget
Ekiti State Governor Biodun Oyebanji has signed the N415.57 billion 2026 Appropriation Bill into law. The budget allocates 53% to recurrent and 47% to capital expenditure. Read the full details.
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