Revenue Archives — Page 8 of 10

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...

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...

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...

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, ...

July 22, 2020 No Responses

Ogun Generates N15.11b Revenue In Six Months

The Ogun Internal Revenue Service (OGIRS), on Wednesday said it generated N15.11 billion revenue between January and June for the state government. Mr Adekunle Adeosun, the Head of the Agency, stated this while appearing before members of Ogun ...

July 21, 2020 No Responses

Labour Commends FIRS Over Increase In Revenue Generation

Organised Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has commended the management team of the Federal Inland Revenue Service (FIRS) for considerably boosting Federal Government revenue via stamp duty collection just as it...

July 9, 2020 No Responses

Anambra Generates N26.4b In 2019

The Anambra state Government on Thursday said it realized N26.4 billion as Internally Generated Revenue (IGR) in 2019. Mr David Nzekwu, Chairman of the State Internal Revenue Service, stated this while defending the agency’s financial transactions in 2...

July 1, 2020 No Responses

FIRS Generates N66b From Stamp Duty In Five Months

Between January and May, this year, the Federal Inland Revenue Service (FIRS) generated the sum of N66 billion from stamp duty. In a statement on Tuesday, Abdullahi Ahmad, the FIRS Director, Communications and Liaison Department explained that the Executive Ch...

May 8, 2020 No Responses

Nigeria‘s Seaport Revenue To Drop By 75 Per Cent in 2020

By citybusinessnews@yahoo.com — Due to the ongoing economic crisis generated by the outbreak of Coronavirus pandemic (Covid-19), Nigeria is to lose 75% of its Seaport revenue in 2020. Speaking on Thursday during an interactive session on Webinar ta...

April 23, 2020 No Responses

FAAC Shares N780.926b Revenue To FG, States, LGs

The Federation Accounts Allocation Committee (FAAC) has shared N780.926 billion as March Federation Account Revenue to the Federal, States, Local Governments and relevant Agencies in the country. Mr Henshaw Ogubike, Director, Information, Press and Public Rela...

March 25, 2020 No Responses

Five Largest Banks Declare $26.1b Revenue

Trade tensions, slow growth, and low-interest rates all left their mark on the world’s largest banks last year, affecting the investment banking revenue they racked up. The five largest global banks hit $26.1bn in investment banking revenue in 2019, 3%...

March 9, 2020 No Responses

FCT Targets N100bn Revenue In 2020

The Federal Capital Territory Internal Revenue Service (FCT IRS) has projected N100billion revenue in 2020. The Executive Chairman of FCT IRS, Mr Abdullahi Attah disclosed this in an interview with News Agency of Nigeria (NAN) in Abuja on Sunday. He...

February 16, 2020 No Responses

Ikeja Electric Targets N170b Revenue In 2020

Ikeja Electric (IE) has projected total revenue of N170 billion in 2020 with the implementation of the increment in various classes of electricity tariff. The company is to create a new tariff class called Bilateral for customers and had signed...

February 8, 2020 No Responses

FIRS Targets N8.5tri Revenue In 2020

The Federal Inland Revenue Service (FIRS) is to attain N8.5 trillion revenue in 2020. The Executive Chairman of FIRS, Mr Muhammad Nami, disclosed this at the 2020 Corporate Plan Retreat in Abuja on Friday. Nami said that the 2020 target...