Nigeria’s Revenue Hits N15.8tn: Economists Cite Reforms
Economists have attributed Nigeria’s strong revenue performance in the first five months of 2026 to the impact of recent tax reforms, improved revenue administration and stronger earnings from the oil sector, following government collections of N15.8tn during the period. According to data from the Nigeria Revenue Service reported by Bloomberg, government revenue rose by 49 […]
FAAC deductions consume 41% of Nigeria’s N84tn revenue
Nigeria’s federation revenues rose to N84tn over the past three years, but 41 per cent of these earnings was lost to pre-distribution deductions, significantly shrinking what is eventually shared among the three tiers of government, findings by the PUNCH have revealed. Latest fiscal data obtained from the World Bank’s Nigeria Development Update, analysed by our […]
Oil royalties surge 88% after new executive order
Oil and gas royalty collections by the Nigeria Revenue Service surged by N220.09bn in February 2026, a sharp increase of 87.6 per cent compared to January, following the implementation of Executive Order 9 mandating the centralisation of revenue collection in the sector. Latest Federation Account Allocation Committee data obtained by The PUNCH on Thursday revealed […]