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    Kapital FM 92.9 The Station that Rocks!

Revenue

18 Results / Page 1 of 2
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Economics

AMAC Adopts Digital Revenue Payment For Transparency, Accountability

The Abuja Municipal Area Council (AMAC) has banned all cash payments and manually issued receipts from January 1, 2026, migrating all collections to an automated single treasury account. AMAC chairman, Christopher Maikalangu, announced the policy on Tuesday at a press briefing, describing the policy as a decisive strike against corruption and inefficiency that has deprived the council of vital funds. “For too long, our revenue system has been undermined by […]

todayDecember 30, 2025

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Economics

Senate Probes Stamp Duty Revenue Generation and Utilization

The Senate Public Accounts Committee has commenced an investigation into the generation and utilization of stamp duty revenue across Nigeria. The probe, which focuses on promoting transparency and accountability, aims to assess how effectively the revenue is being used to meet the needs of citizens. As part of the exercise, the committee, chaired by Senator Aliyu Wadada, has written to key stakeholders—including commercial banks, the Federal Inland Revenue Service (FIRS), […]

todayNovember 13, 2025

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Business

Tourism Has Potential To Boost Revenue – Wike

Minister of the Federal Capital Territory, FCT, Nyesom Wike has promised to partner the private sector to boost revenue in the Territory through tourism. Wike stated this at a one-day interactive session organized for Nigerians in Diaspora Organization, NIDO, by the Emerging Abuja Projects in Abuja. The Minister, represented by the Director of Tourism, Ann Dogo, stressed that the government must partner the private sector which plays a critical role […]

todayJuly 26, 2025

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Economy

‎FG, States, LGs Share N1.818tr As June 2025 Revenue

‎ ‎ ‎The Federation Account Allocation Committee, FAAC, has shared a total of N1.818 trillion as June 2025 revenue to the Federal, States and Local Government Councils. ‎ ‎The distribution was finalized at the July 2025 FAAC meeting held in Abuja. ‎ ‎According to the FAAC communique, the N1.818 trillion distributable revenue comprises statutory revenue of N1.018 trillion, VAT revenue of N631.507 billion, Electronic Money Transfer Levy, EMTL, of N29.165 […]

todayJuly 19, 2025

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Economy

January FAAC Revenue: FG, States, LGs Share ₦1.7trn

A total sum of ₦ 1.703 trillion, being January 2025 Federation Account Revenue, has been shared with the Federal Government, states, and local government Councils. This is according to a statement on Thursday by the Director of Press and Public Relations, Office of the Accountant General of the Federation, Bawa Mokwa. Mokwa said that the revenue was shared at the February Federation Account Allocation Committee meeting on Thursday in Abuja. […]

todayFebruary 28, 2025

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FCT

AMAC Chairman Seeks Support To Tackle Revenue Leakages

The Chairman, Abuja Municipal Area Council Christopher, Maikalangu says to boost socio economic activities in the Council more stringent measures have been taken to tackle revenue leakages in the interest of residents. Speaking at a media briefing on Wednesday in Abuja, he expressed optimism that the measures would achieve the desired results. Maikalangu, urged taxpayers to desist from illicit transactions from any fake revenue collector and pay to AMAC in […]

todayMay 22, 2024

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Economy

FAAC Disburses N1.2trn Revenue To FG, States, LG For April

FAAC distributes N1.2 trillion in revenue to the Federal Government, states, and local governments for the month of April. During the FAAC meeting held in May 2024, the allocation shared consisted of N284.716 billion in distributable statutory revenue, N466.457 billion in distributable Value Added Tax (VAT) revenue, N18.024 billion in electronic money transfer levy revenue, and N438.884 billion in exchange difference revenue. The information was included in a statement released […]

todayMay 17, 2024

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National

FG Received N318.5b Revenue In First Quarter Of 2024

The Accountant General of the Federation, Mrs. Oluwatoyin Madein, has disclosed that the Federal Government received N318.5 billion in revenue inflows during the first quarter of 2024. This figure was announced during a hearing with the House of Representatives Committee on Finance, which aimed to monitor revenue generated by federal government agencies. According to Madein, who was represented by the Director Revenue Expenses, this amount falls short of the expected […]

todayMay 16, 2024

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Featured

Revenue Collection By Multiple Agencies Cause Of Funds Leakage – FIRS

    The Executive Chairman of the Federal Inland Revenue Service, FIRS, Zach Adedeji, says the collection of revenue by multiple government agencies is a major cause of the leakage of funds. Mr. Adedeji who stated this when he appeared before the House of Representatives for budget defence explained that the duty should be the sole responsibility of the Service to ensure greater accountability in the system. He urged other […]

todayFebruary 28, 2024