Revenue Archives — Page 6 of 9

May 2, 2021 No Responses

Q1: Dangote Cement To Pay N40.39b Tax

By citybusinessnews@yahoo.com — Dangote Cement Plc is expected to pay a total of N40.39 billion in taxation to the nation’s treasury from its operational result in the first quarter (Q1) of 2021. According to the financial result published by the country’s...

April 20, 2021 No Responses

FIRS To Revenue Authorities: Embrace e-Solutions

The Federal Inland Revenue Service (FIRS) has advised revenue generating authorities at all levels to embrace automated processes and e-solutions for effective tax administration. The Executive Chairman of the service, Mr Muhammad Nami, gave the advice o...

April 19, 2021 No Responses

Potatoe Boosts Plateau Monthly Revenue By N18m

The Project Coordinator, Plateau Potatoes Value Chain Support Project, Mr Thomas Muopshin, has revealed that the project has significantly boosted the state internally generated revenue. Muopshin in a chat with the News Agency of N...

April 13, 2021 No Responses

Customs Apapa Command Generates N159.58b In Q1

The Nigeria Customs Service (NCS) Apapa Command on Monday disclosed that it generated over N159.58 billion in the First Quarter (Q1) of 2021. The Area Controller of the command, Ibrahim Yusuf, explained that the revenues were receipts from customs duty.....

April 10, 2021 No Responses

Customs Tin-Can Island command generates N112.6b In Q1

For the first quarter, 2021, the Nigerian Customs Service (NCS), Tin-Can Island Port command generated N112,696,693,158 billion, indicating 23 per cent increase when compared with revenue earnings of N91billion in the first quarter of 2020.&nbs...

March 24, 2021 No Responses

Ecobank Group Declares N641.8b Revenue, N33.7b Profit In 2020

For the financial year ended December 31, 2020, Ecobank Group attained N641.8 billion revenue, representing nine per cent increase compared with N586.9b posted in the corresponding period of 2019. Audited report submitted to the Nigeria Stock Exchange (NSE) on...

March 21, 2021 No Responses

Despite Covid-19, Porsche Attains $34.14b Revenue, Delivers 272,000 Vehicles In 2020

For the 2020 financial year, Porsche achieved record revenues of 28.7 billion euros ($34.14 billion), despite the Covid-19pandemic. Porsche’s profit before tax also increased to almost 4.4 billion euros in 2020. In total, it deliver...

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...

March 2, 2021 No Responses

Seplat Petroleum Declares $530.5m Revenue In 2020, Recommends $58m For Dividend

Seplat Petroleum Development Company Plc,Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced its audited results for the financial year ended 31 December 2020, recording a reve...

March 2, 2021 No Responses

Dangote Sugar Refinery Declares N26.70b Profit For 2020

For the year ended December 31, 2020, Dangote Sugar Refinery Plc (DSR) recorded profit after tax of N26.70 billion. The company stated this in its audited result released on the floor of the Nigerian Stock Exchange on Monday. The profit...

February 23, 2021 No Responses

United Capital Declares N12.87b Revenue, N7.81b Profit For 2020

United Capital Plc on Monday announced gross earnings of N12.87 billion for the financial year ended Dec. 31, 2020. The gross earnings represented an increase of 50 per cent when compared with N8.59 billion achieved in the corresponding period of...

February 11, 2021 No Responses

Despite COVID-19, Maersk Attains $39.7b Revenue In 2020

A.P. Moller – Maersk, the world’s largest container carrier, has ended 2020 on a strong note despite the impact of COVID-19. The company’s underlying earnings before interest, tax, depreciation and amortisation (EBITDA) grew 44 pct. to $8.2bn and r...

January 30, 2021 No Responses

Ecobank Group Declares N630b Revenue In 2020

For the year December 31st, 2020, Ecobank Group recorded a revenue of over N630 billion, representing 7% growth when compared to N586.9 posted in the corresponding period of 2019. In its unaudited report submitted to the Nigeria St...

January 8, 2021 No Responses

Lagos Targets N60.31b Monthly IGR

The Lagos State Government has indicated a monthly target of N60.318 billion Internally Generated Revenue (IGR) to fund the 2021 budget. Speaking during a media briefing on the Analysis of the Year 2021 Budget at Alausa, Ikeja, the Commissioner for...