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TheCable

Tag "Revenue"

Zenith Bank extends industry leadership to size of balance sheet

    Zenith Bank extends industry leadership to size of balance sheet

Our half year analysis on Zenith Bank Plc envisioned that in the event of the bank taking over the lead on the size of the balance sheet, it will add

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FRC: There’s currently no punishment for MDAs that fail to remit revenue to FG

    FRC: There’s currently no punishment for MDAs that fail to remit revenue to FG

The Fiscal Responsibility Commission (FRC) is seeking punishments for agencies that fail to remit their revenues to consolidated revenue fund (CRF). On a number of occasions, the national assembly has

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GTBank posts N142bn in Q3 net profit, grows loan book

    GTBank posts N142bn in Q3 net profit, grows loan book

Guaranty Trust Bank (GTBank) printed a 3 percent decline in third-quarter (Q3) net profit at N142 billion from N146.9 billion recorded in the corresponding period of September 2019. Figures from

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Unilever Nigeria: Heading for a second-year loss

    Unilever Nigeria: Heading for a second-year loss

Unilever Nigeria Plc operated the last two quarters to September 2020 at losses of over N3 billion. The losses have erased a profit of over N1 billion earned in the

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States’ IGR drops by 11.7% in H1 2020

  States’ IGR drops by 11.7% in H1 2020

The internally generated revenue (IGR) of Nigeria’s 36 states and the federal capital territory dropped by 11.7 percent in the

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EFCC recovers over N4bn unpaid revenue from lottery companies

  EFCC recovers over N4bn unpaid revenue from lottery companies

The Economic and Financial Crimes Commission (EFCC) says it has recovered over N4.16 billion from lottery companies, being revenue owed

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CBN asks banks to take over electricity bills collection from DisCos

  CBN asks banks to take over electricity bills collection from DisCos

The Central Bank of Nigeria (CBN) has asked banks to take responsibility for collecting electricity bill payments. In a circular

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FAAC allocation increases by N104bn as revenue rises in June

  FAAC allocation increases by N104bn as revenue rises in June

The federation accounts allocation committee (FAAC) shared N651.18 billion to the three tiers of government for the month of June.

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FIRS extends penalty waiver on tax debt repayment

  FIRS extends penalty waiver on tax debt repayment

The Federal Inland Revenue Service (FIRS) has extended the deadline of the waiver of penalty and interests to be paid

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SGF: Stamp duty collection can generate N1trn revenue annually

  SGF: Stamp duty collection can generate N1trn revenue annually

Boss Mustapha, secretary to the government of the federation (SGF), says there is potential for high revenue accretion from stamp

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