Higher than expected tax revenue and lower spending have led to the surplus, the fifth in as many years. Still, no one is rushing to invest the extra cash, something critics say is desperately needed.

Renaissance Capital says Nigeria's revenue collection came in at 52 per cent below its target in the first 8 months of the year, with the shortfall largely due to oil revenues that were one-third below target; Yvonne Mhango, Director; Sub-Saharan Africa Economist at Renaissance Capital joins CNBC Africa from Johannesburg to discuss the state of the Nigerian economy.

Street beggars in the West African nation of Ghana are now to pay taxes on their earnings. The Ghana Revenue Authority (GRA) served the notice to street beggars as part of plans to widen the tax net.

Revenue sharing - Analysing current formula among 3-tiers of govt.

Al-Makura seeks International collaboration to boost state revenue.

Lafarge Africa records 17.8% drop in fy 2016 revenue.

Our internally generated revenue increased by 300% since 2011 - Al-Makura

Nigeria's debt profile - Low tax revenue affects servicing - DMO

Facebook reported revenue growth of 51 percent in the fourth-quarter and is looking to new ways of tapping into money spent across other forms of media, including television advertising.

Alibaba says it has stepped up its war on counterfeiters, tightening its policies against copyright infringement.

According to PwC, Nigeria's music market will witness a compound annual growth rate of 12.9 per cent, which will see the industry rise form 47 million dollars in 2015 to 86 million dollars by 2020.

Your Life, Your Money is a personal finance series produced by Guardian TV for young men and women. Watch Episode 8 of this life transforming programme sponsored by Zenith Bank which focuses on how to raise money.