Business

Samsung warns global RAM chip shortage could last

  • 31st July 2026

Spain deploys military to Ceuta as migrant surge

  • 31st July 2026

MTN posts record N1.09tn H1 profit before tax

  • 31st July 2026

Naira hits N1,834 against British pound

  • 31st July 2026

Contact Info

Some Populer Post

Samsung warns global RAM chip shortage could last until

Business

Meta tests WhatsApp feature separating business messages

Tech

SpaceX phases out unpermitted xAI power turbines for 1.2GW

Tech

Anthropic’s Claude breached three live systems during cybersecurity tests

Tech

Tag: revenue

Economy featured

Solid minerals revenue soars as NLNG dividends hit zero

Nigeria’s revenue from solid minerals surged to almost three times its target in 2024, while dividends from natural gas, once a dependable source of government income, dropped to zero, raising concerns about transparency and asset management in Africa’s largest economy, according to findings by BusinessDay. Data from the 2024 Federal Government Budget Performance Analysis released […]

Finance

Customs penalise banks over delayed remittance of FG revenue

The Nigeria Customs Service has started enforcing penalties against specific banks that fail to remit Customs revenue on time. This initiative is designed to increase transparency and protect the financial earnings of the government. The Service noted that after reconciling collections made through its B’odogwu electronic platform, it identified several cases where banks held onto […]

featured Oil and Gas

NNPCL’s revenue hits N5.08tr in October

The Nigerian National Petroleum Company Limited reported a significant surge in revenue for October 2025, reaching N5.08 trillion. This figure marks a substantial increase from the N4.27 trillion recorded in September. The company’s Monthly Report Summary for October 2025 contained these financial figures. The report indicates that NNPC Ltd’s profit after tax saw a sharp […]

Economy

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. […]

The year has begun with a good financial performance from the Cinema Exhibitors Association of Nigeria, with revenue up nearly 50% year over year.
News

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 […]

Senate moves to increase Custom's 2024 revenue target
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 […]

Bricklinks Africa's revenue falls by 9%
Business

Bricklinks Africa’s revenue falls by 9%

Internet Service Provider, Bricklinks Africa, has reported a 9.82 per cent revenue decline for the fiscal year ending December 2023. The PUNCH reported that according to the financial statements for the fiscal year ending December 31, 2023, filed with the Nigerian Exchange Limited on Monday, the ISP’s turnover decreased to N96.770m from N107.312m in 2022. During […]

Tackle revenue crisis with gas production, Accountants urge FG
Oil and Gas

Tackle revenue crisis with gas production, Accountants urge FG

The Association of National Accountants of Nigeria urged the Federal Government on Friday to enhance investments in the production of liquefied natural gas, since gas revenues will aid Nigeria’s present income issue. According to The Punch, ANAN stated that this was critical due to the increased global demand for petrol, emphasizing that Nigeria had more […]

Kaduna customs hits N16.3bn revenue in 2023
News

Kaduna customs hits N16.3bn revenue in 2023

The Nigeria Customs Service, Kaduna Command, increased revenue generation by 21.93% in 2023, earning a whopping N16.3 billion. This was revealed in a statement issued on Saturday by the command’s Public Relations Officer, Muhammad Aminu. He noted that the service generated N16.3 billion in revenue, a significant rise from the N13.4 billion recorded in 2022, […]

Vitafoam shareholders okay N1.95m dividend
Business

Vitafoam breaks five-year record with 2023 N52bn revenue

Vitafoam Nigeria Plc has recorded the most money from its operations this year, than in the last five years. The PUNCH reported that according to the Consolidated and Separate Financial Statements for the year ended 30 September 2023, which were released on the Nigerian Exchange Limited, the foam producer earned N52.986 billion in revenue, a […]

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. […]

Addidas cuts expected loss as Yeezy demands soar
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 […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in