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Tag "Revenue"

FBN Holdings cuts credit losses, lifts profit to new peak in 2020  

    FBN Holdings cuts credit losses, lifts profit to new peak in 2020  

FBN Holdings Plc turned the table from a 64 percent upsurge in credit loss expenses at the end of the third quarter of last year to a decline at full

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FIRS calls for adoption of technology in tax processes to block revenue leakages

    FIRS calls for adoption of technology in tax processes to block revenue leakages

Mohammed Nami, executive chairman of the Federal Inland Revenue Service (FIRS), says the adoption of technology is needed to improve tax collection and block revenue leakages. He was speaking on

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‘It’s a question of time’ — Obaseki says Nigeria’s dependence on oil revenue unsustainable

    ‘It’s a question of time’ — Obaseki says Nigeria’s dependence on oil revenue unsustainable

Godwin Obaseki, governor of Edo, has asked the federal government to diversify the nation’s revenue base away from crude oil. The governor had recently raised alarm over alleged “monetary rascality”

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UBA posts 26.8% jump in Q1 net profit, double-digit growth on income lines

    UBA posts 26.8% jump in Q1 net profit, double-digit growth on income lines

The United Bank for Africa (UBA) Plc says its profit after tax (PAT) increased by 26.8 percent in the first quarter (Q1) for the period ended March 31, 2021. The

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CBN: FG recorded 12.8% decline in January revenue

  CBN: FG recorded 12.8% decline in January revenue

The Central Bank of Nigeria (CBN) says revenue generated by the federal government in January dropped to N807.54 billion. According

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Dangote Cement boosts output capacity, lifts revenue to N1trn in 2020

  Dangote Cement boosts output capacity, lifts revenue to N1trn in 2020

Dangote Cement Plc expanded cement production and bagging capacity by 3 million tonnes in 2020 and closed the year with

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BoI posted 78% assets jump to N1.86trn in 2020

  BoI posted 78% assets jump to N1.86trn in 2020

The Bank of Industry (BoI) posted a 78 percent increase in assets to N1.86 trillion in full-year 2020 from N1.04

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UBA increased asset base by 37% to N7.7trn in 2020

  UBA increased asset base by 37% to N7.7trn in 2020

United Bank for Africa (UBA) closed the 2020 financial year with a balance sheet size of N7.7 trillion. This represents

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Flat revenue, rising cost explain Nestlé’s N6.5bn profit drop in 2020

  Flat revenue, rising cost explain Nestlé’s N6.5bn profit drop in 2020

Nestlé Nigeria Plc suffered a N6.5 billion or 14 percent profit drop in 2020, closing the year with an after

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Dangote Cement records 37.7% jump in profit, declares N272bn dividend

  Dangote Cement records 37.7% jump in profit, declares N272bn dividend

Dangote Cement, Africa’s biggest cement producer, says it recorded a 37.7 percent jump in profit after tax to N276 billion

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