Oil price, drop in royalty force govt revenue down N20bn

Sam Ikeotuonye 30 March 2016, Sweetcrude, Lagos – Nigeria recorded a shortfall of N20.47 billion in gross statutory revenue, from N290.96 billion in January to N270.49 billion in February due to oil price decline and drop in income from oil and gas royalty, companies income tax and import duty. According to Minister of Finance, Mrs. Kemi Adeosun,  […] More »