Income Archives — City Business News

April 18, 2024 No Responses

NCDMB Receives $1m Return On Investment From NEDOGAS

The Nigerian Content Development and Monitoring Board (NCDMB) on Monday received a cheque of $1 million from Nedogas Development Company Limited (NDCL), being part of the return on investment (ROI) on one of the Board’s strategic investments. The cheque was...

January 26, 2024 No Responses

NOVAmbl Asset Management Dollar Fixed Income Fund Bags 2023 Best Performance Award

NOVAmbl Asset Management’s Dollar Fixed Income Fund has been named as the best-performing Dollar Fund in 2023 by Nairametrics, the leading financial information and content creation company based on data from the Securities & Exchange Commission (SEC). N...

July 30, 2023 No Responses

Customs M.M Airport Command Generates N38b In Six Months

Between January and June 2023, the Murtala Muhammed Airport MMA Command of the Nigeria Customs Service (NCS) generated N38,707,054, 216.44 representing 79.6 percent of the annual revenue target met. The Area Command Controller, M.S Yusuf in a statement explain...

July 11, 2023 No Responses

FIRS Extends Due Date For Filing 2023 Companies Income Tax Returns

Companies that were unable to file Income Tax returns for the 2023 year of assessment (YOA) that fell due on the 30th of June 2023 have been given up to 31st August, 2023 to submit their returns to the Federal...

May 30, 2022 No Responses

2021: TAJBank Reports 433 Per Cent Increase In PBT

TAJBank Limited, the second non-interest bank, recorded more milestones in its second year of operations with its profit before tax (PBT) surging to N1.6 billion in FY2021, representing 433% improvement over the preceding year’s profit. This is even as...

March 4, 2022 No Responses

NGX Group Records N6.8b Gross Earnings In 2021

The Nigerian Exchange (NGX) Group Plc gross earnings grew to N6.8 billion in its audited financial results for the year ended December 31, 2021. The group, in a statement on Thursday in Lagos, said the figure represented 13 per cent...

February 5, 2022 No Responses

Airtel Africa Boosts Nine Months Revenue By 21.7%

For the nine months ended December 31, 2021, Airtel Africa Plc declared revenue growth of $3.49 million, representing a growth of 21.7 per cent when compared with $2.87 million recorded in the comparative period of 2020. A statement issued by ...

January 7, 2022 No Responses

2021: NCS Explains N2.2tri Revenue

Between January and December 2021, the Nigeria Customs Service (NCS) generated N2.23 trillion revenue, representing 43.45 per cent increase over N1.5 trillion collected in 2020. In a statement on Thursday, NCS spokesman, Mr Joseph Attah said:”Nig...

December 17, 2021 No Responses

SEC Begins Regulatory Fee On Fixed Income Transactions Jan 1

The securities and Exchange Commission is to commence regulatory fee on fixed income (Bonds) secondary market transactions with effect from January 1, 2022. This was contained in a Circular dated December 15, 2021 and signed by the Management of the S...

November 20, 2021 No Responses

NPA Declares N256.28b Revenue In Nine Months

Between January and September 2021, Nigerian Ports Authority (NPA) attained N256.28billion revenue as against the expected N214.65billion. Acting Managing Director of NPA, Mohammed Bello Koko, in documents presented to the House of Representatives Committee on...

November 3, 2021 No Responses

Transcorp Hotels Reports N14.6b Revenue In Q3

TRANSCOHOT.LG, owner of Transcorp Hilton Abuja, Transcorp Hotels Calabar and Aura by Transcorp Hotels, has announced its unaudited Q3 results showing 115 percent growth in revenue year-on-year (YoY) to N14.6 billion and a gross profit growth of 149 percent to....

September 10, 2021 No Responses

Tincan Island Customs Command Generates N320b

The Area Controller, Tincan Island Command, Nigeria Customs Service, Comptroller Abdullahi Musa, on Thursday said that the command generated N320.96 billion from January to August, 2021. Musa made this known at a media conference in Lagos. He said that...

March 7, 2021 No Responses

NPA Boosts Consolidated Revenue Account With N151b

Between 2017 and 2020, the Nigerian Ports Authority (NPA), contributed not less than N151billion to the Consolidated Revenue Account (CRA). Speaking at an interactive session with Newspaper Editors, Managing Director of NPA, Hadiza Bala-Usman explained t...

November 27, 2020 No Responses

FG Generates N416.01b As Company Income Tax In Q3

The Federal Government generated N416.01 billion as Company Income Tax (CIT) in the third quarter of 2020. According to the National Bureau of Statistics (NBS) in its “Company Income Tax by Sectors 2015 – Quarter Three (Q3 2020)’’, the amoun...