Tag: revenue

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 […]

IMF backs CBN on interest rate hike
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 […]

Flutter reports 29% Q1 revenue increase
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 […]