Tag: Revenue

Ecobank Group Declares N630b Revenue In 2020
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 Stock Exchange (NSE) on...
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Lagos Targets N60.31b Monthly IGR
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...
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Customs Generates N1.5trn Revenue In 2020
January 7, 2021 No Responses

Customs Generates N1.5trn Revenue In 2020

The Nigeria Customs Service (NCS) says it generated the sum of N1.5 trillion for the year 2020. The Customs’ Public Relations Officer, Mr Joseph Attah, made this known in a statement in Abuja on Wednesday. Attah said the amount realised...
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FIRS Tasks States Revenue Boards On Technology
December 19, 2020 No Responses

FIRS Tasks States Revenue Boards On Technology

The Federal Inland Revenue Service (FIRS) has urged states board of internal revenue service to leverage the use of technology to boost tax collection across the country.  The Executive Chairman of FIRS, Mr Muhammad Nami, gave the advice at the...
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FG Tasks States On Repositioning Fiscal Revenue Management Systems
December 15, 2020 No Responses

FG Tasks States On Repositioning Fiscal Revenue Management Systems

The Federal Government on Monday advised state governments to use opportunities offered by the  impact of COVID-19 pandemic to strategise and reposition their fiscal revenue management systems for the  ‘new normal’ era. The Minister of Finance, B...
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FIRS Generates N4.17tri In Ten Months
December 5, 2020 No Responses

FIRS Generates N4.17tri In Ten Months

Between January and October, 2020, the Federal Inland Revenue Service (FIRS) generated a total of N4.17trillion.   Chairman, FIRS,  Muhammad Nami, represented by Mr Ezra Zubairu,  Coordinating Director, Enforcement Support Group, ...
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Ecobank Group Report N461b Revenue In Nine Months
December 4, 2020 No Responses

Ecobank Group Report N461b Revenue In Nine Months

Ecobank Group made N461.2 billion revenue in nine months for the period ended 30th September 2020, representing nine  per cent increase against the corresponding period of last year.   In its audited report submitted to the Nigeria Stock Ex...
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Ondo Inaugurates Joint Committee To Boost Revenue
November 17, 2020 No Responses

Ondo Inaugurates Joint Committee To Boost Revenue

The Ondo State Internal Revenue Service (ODIRS) on Monday in Akure inaugurated a Joint State Revenue Committee to boost revenue generation. The joint committee is made up of ODRIS chair and the chairmen of the 18 local government  councils in...
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TETFund Targets N500bn Tax Revenue In 2021
November 11, 2020 No Responses

TETFund Targets N500bn Tax Revenue In 2021

The Tertiary Education Trust Fund (TETFund) has unveiled plans to generate  N500 billion as Education Tax in 2021 fiscal year.  Chairman, TETFund Board of Trustees, Mr Kashim Imam, said this at the 2020 Joint Interactive Forum organised by TETFu...
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NRC Generates N1.4b IGR, Remits N245m To TSA
November 7, 2020 No Responses

NRC Generates N1.4b IGR, Remits N245m To TSA

The Nigerian Railway Corporation (NRC) on Friday said its Internally Generated Revenue (IGR) as at September 30 stood at N1.4billion as against N4.4billion projection for 2020.  Managing Director of NRC, Mr Fidets Okhiria,  in a statement explai...
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Nike Records $10.6b Revenue, Mulls Permanent Shift To Online Sales
September 23, 2020 No Responses

Nike Records $10.6b Revenue, Mulls Permanent Shift To Online Sales

Sportswear firm Nike has seen a huge rise in online sales as it bounces back from a coronavirus slump. The US company saw digital sales rocket 82% during the June to August quarter, offsetting falling revenue in its stores. On...
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DPR Generates N673.7b Revenue In Six Months
September 2, 2020 No Responses

DPR Generates N673.7b Revenue In Six Months

The Department of Petroleum Resources (DPR) has generated a total sum of N673.7 billion in the first half of this year.   Its Spokesman, Paul Osu, explained in a statement that the Director of DPR, Mr Auwalu Sarki, disclosed this...
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Zoom Records 335 Per Cent Increase In Revenue
September 1, 2020 No Responses

Zoom Records 335 Per Cent Increase In Revenue

Popular videoconferencing app Zoom has seen its revenues skyrocket as second quarter profits more than doubled due to the coronavirus crisis.  Revenues leaped 355% to $663.5m (£496.3m) for the three months ending 31 July, beating analysts’ expectat...
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Nestlé Nigeria Declares N141b Revenue, N22b Profit In Six Months
July 31, 2020 No Responses

Nestlé Nigeria Declares N141b Revenue, N22b Profit In Six Months

For the half year ended June 30, 2020, Nestlé Nigeria Plc on Thursday announced  revenue of N 141.0 billion, compared with N141.9 billion attained within same period in  2019.  The company also recorded profit after tax of N 21.8 billion, ...
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