revenue Archives - AM Business

Nigeria earned N2.33tn from VAT, CIT in Q4 2023 – NBS

Nigeria’s economy witnessed a significant influx of revenue from Value Added Tax and Company Income Tax in the fourth quarter of 2023, according to the latest figures released by the National Bureau of Statistics. In the final quarter of the year, the combined VAT and CIT collections amounted to approximately N2.33 trillion, according to nairametrics. […]

monwubukepdnlimited-com
14th March 2024
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The year has begun with a good financial performance from the Cinema Exhibitors Association of Nigeria, with revenue up nearly 50% year over year.

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Nigerian cinemas report nearly 50% revenue increase in January

The year has begun with a good financial performance from the Cinema Exhibitors Association of Nigeria, with revenue up nearly 50% year over year. According to the National President of CEAN, Opeyemi Ajayi, Nigerian movie theatres brought in N1.2 billion in income in January 2024. This represents a 46.5% annual increase over the N819 million […]

bfatoyepdnlimited-com
20th February 2024
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News

Senate moves to increase Custom’s 2024 revenue target

In order to avoid more borrowing for the nation, the Nigerian Senate has notified the Nigeria Customs Service that the agency’s N5.079 trillion income target for 2024 will be reevaluated upward in the latter half of the year. If approval is given, Adeniyi clarified, people who own cars that were illegally imported or that have […]

bfatoyepdnlimited-com
6th February 2024
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FG urges govs to justify use of subsidy removal savings

Business

FG plans tax, revenue collection agencies’ reduction

The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has stated that his target is to reduce the number of taxes collected in Nigeria to less than ten. According to The Punch, he made this statement on Tuesday in Abuja at the Institute of Chartered Accountants of Nigeria’s 53rd annual conference. […]

bfatoyepdnlimited-com
11th October 2023
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Uncategorized

Addidas cuts expected loss as Yeezy demands soar

Sportswear giant, Adidas, has projected a minor dip in 2023 sales, outperforming earlier forecasts. The brand attributed this positive shift to the release of its coveted Yeezy shoes, which not only invigorated the market but also curtailed anticipated losses for the year. This upgraded outlook comes on the heels of a remarkable 40% surge in […]

jonuorahpdnlimited-com
3rd August 2023
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Economy

Why Tinubu, Shettima must focus on revenue, expenditure – IMF

The resident representative of the Nigerian office of the International Monetary Fund, Ari Aisen, has urged that revenue and expenditure should be the main areas of focus in order to address Nigeria’s debt problems. The Punch reported that the IMF said this while encouraging Sen. Bola Tinubu’s new administration to take steps to broaden the country’s source of […]

bfatoyepdnlimited-com
26th May 2023
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Uncategorized

Flutter reports 29% Q1 revenue increase

The world’s largest online betting company, Flutter, has reported a 29% increase in revenue on a pro-forma basis for the first quarter of 2023, driven by the rapid growth of its U.S. unit and a strong recovery in Britain and Ireland. The company, which owns brands such as Paddy Power, Betfair, and Sky Bet, credited […]

jonuorahpdnlimited-com
3rd May 2023
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Tag: revenue

Nigeria earned N2.33tn from VAT, CIT in Q4 2023 – NBS

Nigerian cinemas report nearly 50% revenue increase in January

Senate moves to increase Custom’s 2024 revenue target

FG plans tax, revenue collection agencies’ reduction

Addidas cuts expected loss as Yeezy demands soar

Why Tinubu, Shettima must focus on revenue, expenditure – IMF

Flutter reports 29% Q1 revenue increase

DMO raises N4.28bn from FGN savings bonds in.

xAI updates Grok S’Africa’s ‘white genocide’ remarks controversy

Humanoid robots will aid, not replace, human workers.

OpenAI tipped to join UAE mega data center.

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