FG’S REVENUE PLAN DIPS AS LNG PRICE FALLS TO $7.20/MMBTU

The Federal Government’s revenue projection dipped at the weekend as prices of Liquefied Natural Gas (LNG) fell from $8 per million British thermal units (mmBtu) to $7.20.

The Nigeria Liquefied Natural Gas (NLNG) Limited, one of Nigeria’s gas marketing companies, which in 2014 paid $1 billion in corporate income tax (CIT) to government for the 2013 financial year, is expected to contribute over five per cent to government’s 2014 revenue projection through its income tax payment to the federation account.

Read more @ New Telegraph