Revenue Archives — Page 6 of 10

August 21, 2021 No Responses

FG, States, LGs Share N760.7b For July

The Federation Accounts Allocation Committee (FAAC) has shared N760.717 billion as federation allocation for the month of July. This is contained in a statement by Mr Oshundun Olajide, Deputy Director (Information), Ministry of Finance, Budget and National Planning on Friday. The...

August 19, 2021 No Responses

FIRS Targets N10.1trn Revenue In 2022

The Federal Inland Revenue Service (FIRS) has projected generating N10.1 trillion revenue for the 2022 financial year. Chairman of FIRS, Muhammad Nami stated this when he appeared before the House of Representatives Committee on Finance on Wednesday, in ...

August 2, 2021 No Responses

Half-Year: Seplat Posts $308.8 m Revenue, Declares 2.5 Cents Per Share Interim Dividend

Seplat Energy Plc recorded an impressive half year (H1) 2021 scorecard with profit before deferred tax (PBT) of $62.1million, representing an increase of 142.7percent as against H1’20. Highlights of the company’s financial further show that revenu...

July 23, 2021 No Responses

NETCO Declares N18.02b Revenue, Shareholders Get N400m Dividend

For the year ended December 31, 2020, the National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has reported N18.02 billion revenue and profit before tax of N3.37 billion. Also, withi...

July 4, 2021 No Responses

Egypt’s January-June Tourism Revenues Hits $3.5-4b

Egypt’s tourism revenues were between 3.5 billion dollars to 4 billion dollars during the first half of 2021 and the country received about 3.5 million tourists from January to June, Ghada Shalaby, the Egypt’s Deputy Minister of Tourism, told Reuters....

June 8, 2021 No Responses

CMA CGM Records $10.7 b Revenue In Q1

French container shipping major CMA CGM closed the first quarter of this year with strong earnings growth. The company’s net income increased to $2.1 billion in Q1 2021 from $48 million seen in Q1 2020. EBITDA came in at $3.2...

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 ...

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...