Tag
Q1
The Federal Inland Revenue Service (FIRS) says tax collection in the first quarter of the year increased by 56% to N3.94 trillion when compared to the N2.52 trillion it collected in the same period of last year.
Nigeria’s food and beverage import bill increased by 30% from N 1.21 trillion in the fourth quarter of 2023 to N1.59 trillion in the first three months of 2024.
Comptroller of Customs Area Commander at Tincan Island Ports (TCIP), Dera Nnadi, has reported that the command generated N303.9 billion in revenue during the first quarter of 2024. This figure represents a 139% increase compared to the same period in 2023, amounting to a N177 billion difference.