Revenue – Page 9 – City Business News

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, Budget and National Planning,...

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...

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...

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...