Revenue Archives — Page 9 of 10

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...

December 16, 2019 No Responses

Nigeria Lauds Dangote’s $30b Domestic Revenue Generation Drive

The Federal Government on Sunday commended the Dangote Group for its proposed plan to expand its domestic revenue generation drive from four billion dollars to 30 billion dollars annually from 2021 to boost the nation’s economy....

November 21, 2019 No Responses

FG, States, LGs Share N702.058b

The Federation Accounts Allocation Committee (FAAC) on Wednesday shared a total of N702.058 billion to the three tiers of government for the month of October. This was announced in a communique read by Accountant General of the Federation, Mr Ahmed...

November 6, 2019 No Responses

FIRS Targets 80% Non-Oil Sector Revenue

The Federal Inland Revenue Service (FIRS) has predicted that non-oil sector will contribute 80 per cent of Nigeria’s revenue in the next three years. FIRS Head of Communications and Servicom Department, Mr Wahab Gbadamosi, made this known i...

October 31, 2019 No Responses

MTN Nigeria Posts N856.48b Revenue In Nine months

MTN Nigeria Communications Plc has announced a revenue of N856.48 billion for nine months ended September 30, 2019. The unaudited result showed that the revenue represented a growth of 12.03 per cent when compared with N764.46 billion achieved in the...

October 28, 2019 No Responses

Renault Seek New Partners As Revenue Drops Further

French carmaker Renault is on the hunt for new partners to buy its cars and components as it reported a fall in quarterly revenue and pushed ahead on a strategic review with “nothing off the table”. According to agency reports,...

October 4, 2019 No Responses

Senate Increases NCS 2020 Revenue Target By N557.4b

The Nigerian Senate on Thursday increased the 2020 revenue target of the Nigeria Customs Service (NCS) by N557.4billion, that is, from N942.6 billion to N1.5trillion. Meanwhile, the NCS said it generated N115 billion in September, the highest so fa...

September 11, 2019 No Responses

CMA CGM Declares $7.7b Revenue In Q2

French shipping major CMA CGM has reported a strong growth in its volumes in the second quarter of 2019, despite an uncertain worldwide geopolitical environment. The company said that its shipping business remained strong in the second quarter, with significan...

July 17, 2019 No Responses

Onne Customs Collects N54.1b Revenue In Six Months

The Nigeria Customs Service, Port Harcourt Area II Command Onne Port has collected a total of ₦54,129,704,653.73 between January and June 2019 with seizures worth N443, 304,711 in the last six months. Comptroller Galadima Saidu explained on Tuesd...

July 15, 2019 No Responses

NIS Generates N39.06b Local Revenue

The Nigeria Immigration Service (NIS) generated N39.06 billion in 2018 as against N35.72 billion it generated as local revenue in 2017, the National Bureau of Statistics (NBS) said. The bureau said this in its “Immigration Statistics of 2018”, obtained fro...

May 29, 2019 No Responses

Transport Minister Explains Fresh Agenda To Tackle Maritime Insecurity, Revenue Leakages

The Minister of Transportation Rt. Hon. Rotimi Amaechi has emphasized that the motivation behind the Ministry of Transport/Nigerian Maritime Administration and Safety Agency (NIMASA)/HLSI partnership was primarily to halt the maritime insecurity in Nigerian wa...

May 27, 2019 No Responses

SEC Nigeria Implores Agencies On Collaboration, Revenue Drive

The Acting Director-General, Securities and Exchange Commission (SEC), Mary Uduk has emphasized the need for collaboration among relevant agencies to assist the Federal Government in its revenue generation. Speaking at the weekend in Abuja, Uduk also ple...

May 19, 2019 No Responses

FIRS Declares N1.5tri Revenue In Q1

The Federal Inland Revenue Service ((FIRS) generated N1.5 trillion revenue in the first quarter (Q1) of 2019, according to its Chairman, Mr Babatunde Fowler. Fowler disclosed this to the News Agency of Nigeria (NAN) in New York at the weekend....