83 per cent businesses to reduce salaries, downsize over revenue losses
Although the lockdown may have been relaxed, the impact on businesses may lead to further high unemployment, reduction in consumers’ purchasing power
Sanwo-Olu canvasses new revenue source, sharing formula
Lagos State Governor Babajide Sanwo-Olu has said that the current revenue sharing formula in the country is far from being fair, just and equitable.
FG targets 56 per cent revenue in 2020 from non-oil sources
To demonstrate its determination to diversify the economy, and attendant revenue streams, the Federal Government hopes to generate about 56 per cent of its 2020 projected revenue
How poverty worsened despite Nigeria’s N28.58 trillion revenue
Stakeholders in the economy yesterday expressed worry about the disparity between huge government earnings and growing poverty in the country. This followed the report by the Nigeria Extractive Industries Transparency Initiative (NEITI) showing that N28.58 trillion was remitted to the Federation Account between 2012 and 2016.
'Ports concessions buoyed shipping growth, revenue in 13 years'
For the past 13 years, the ports concession deal struck by the Federal Government with the private Terminal Operators have yielded massive growth and generated huge revenue into the government’ coffers, the Bureau for Public Enterprise (BPE) has said.
Airtel Nigeria pushes Africa’s revenue growth by 10.2%
Nigeria’s operation and partly East Africa, have earned Airtel Africa 10.2 per cent constant currency revenue, largely driven by double-digit growth in the first quarter fiscal result.
Nosak Group to partner Edo on job creation, boost revenue
Nosak Group is seeking economic partnership with the Edo State Government that is aimed at empowering communities, boost internally generated revenue, and create massive jobs. Chairman of Nosak Group, Dr. Toni Ogunbor, disclosed this during a facility tour of Nosak Group business facilities in Apapa and Amuwo Odofin Local Government Areas with a team of…
Government affirms new strategy for revenue, debt management
The Minister of Budget and National Planning, Senator Udoma Udoma and the Director-General of Debt Management Office (DMO), Ms Patience Oniha, have told investors that there is a renewed plan and commitment to diversify the economy in efforts to raise the revenue and ensure debt sustainability.
Champion Breweries grows revenue to N4.8 billion
Champion Breweries Plc has grown its revenue to N4.8b as against N3.9 billion recorded in the previous year, putting the company on the path of sustained growth. Disclosing the company’s operating results and performance in its just concluded financial year which ended December 31, 2017, Chairman, Dr. Elijah Akpan noted that deliberate steps are…
Plateau board fails to meet 2017 revenue target
Mr Mathaias Hata, the General Manager, Jos Metropolitan Development Board (JMDB), has said that the board was unable to meet its target revenue of N80 million in 2017. Hata told the News Agency of Nigeria (NAN) on Sunday in Jos that 2017 year was the board’s most challenging year. He said that in 2016 their…
Oyo, Osun customs generates N16b revenue in 2017
The Customs Area Controller, Oyo/Osun area, Elisha Chikan, on Tuesday disclosed that his command generated over N16.18 billion between January and November 2017. Chikan also told journalists, at a press conference in Ibadan, Oyo State that officers under his Command made an impressive haul of 111 seizures with Duty Value Payable (DPV) of N210 million.…