royalties Archives

EXCLUSIVE: Nigeria’s revenue crossed N1trn for the second month in July

The federation’s revenue from the oil and non-oil sector crossed N1 trillion for the second month in July. Details of the revenue report from the office of the accountant-general of

Diri: Bayelsa broke because of unfavourable federation allocation

Douye Diri, governor of Bayelsa state, says the state is broke owing to unfavorable federation allocation. The governor said this while speaking on Sunrise Daily, a Channels Television programme, on

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FG to launch new mining policy for recovery of unpaid royalties

The federal government says it will improve procedures, documentation and regulations in the solid mineral sector in order to recover unpaid royalties. Speaking on Monday at the stakeholders’ consultative forum

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NEITI: Rise in taxes pushed government’s mining revenue to N69bn

The Nigeria Extractive Industries Transparency Initiative (NEITI) says the federal government’s revenue from mining increased by 23 percent to N69 billion because of increased taxes and royalties in the industry.

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