Tag Archives: revenue

Conoil records N90.29 billion revenue in nine months

Conoil Nigeria Plc has reported revenues of N90.29 billion in the first 9 months of 2022 down 10.6% when compared to the N100.9 billion reported same period in 2021. Pre-tax profits for the first 9 months of the year was N2.9 billion compared to N1.59 billion same period last year. The increase in profits in this period compared to the ...

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Top FMCGs in Nigeria earn N504.7196 billion as revenue in half year of 2022

Companies leading in consumer goods in Nigeria had earned a whopping sum of N504.7196 billion as revenue in the half year of 2022, outperforming their earnings in the corresponding period of 2021 of N126.08 billion. The companies are Dangote Sugar Plc, Nascon Plc, Unilever Plc, Nestle Plc and Cadbury Nigeria Plc. According to the information contained in the half year ...

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LIRS targets N550 billion revenue to assist govt on transformation

Lagos State Internal Revenue Service (LIRS) is targeting N550 billion revenue to assist the government to transform the state. Director, Personal Income Tax, LIRS, Ayodele Adebayo, who spoke in Lagos yesterday, noted that there was an increasing population coming into the state, which required investment to expand and upgrade existing infrastructure. According to him, Lagos boasts an increase in population, ...

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House of Reps summons FIRS over allleged $30bn revenue leakage

The House of Representatives Committees on Finance and Banking and Currency have summoned the Federal Inland Revenue Service (FIRS) to appear before them next Monday as investigation continues into $30 billion annual revenue leakages from 2004 to 2019. The leakages allegedly arose from payments on account of foreign currency denominated contracts by companies in engineering, procurement, construction, installation, marine transportation, ...

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Revenue of BUA Cement Plc increases to N71.52 billion

BUA Cement Plc, in its audited financial statement, announced an 18.5% year-on-year growth in profit to N71.52 billion for the financial year of 2020, compared to last year’s figure of N60.34 billion. Acccording to the statement, theb double-digit growth in profit shows the cement maker’s focus on efficiency, excellent cost optimization strategies, newer technologically advanced plants, and lastly the strong ...

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FCMB Group’s gross revenue increases to N199.4 billion

FCMB Group Plc has recorded impressive growth for the year ended December 31, 2020. The audited results showed that the financial institution remained resilient and improved significantly on market fundamentals despite the challenges of covid-19 and other tough conditions. In 2020, FCMB Group’s gross revenue increased to N199.4 billion, a 10 per cent increase from N181.3 billion achieved in 2019. ...

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FG targets four million fresh taxpayers through VAIDS – Adeosun

Through the implementation of the Voluntary Assets and Income Declaration Scheme, the Federal Government is targeting to bring a total of four million fresh taxpayers into the tax net. The Minister of Finance, Kemi Adeosun, gave the figure at the ongoing Platform for Collaboration on Tax Conference at the United Nations in New York. The VAIDs programme offers a grace period ...

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