Revenue – Page 8 – City Business News

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 that NPA contributed N42 billion in...

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...

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...

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...

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...

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, ...

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...

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...

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...