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3 New Articles
  • 5 minutes ago EFCC arrests Ex-NNPCL CFO for alleged $7.2b refinery fraud
  • 32 minutes ago No security threat in Abuja, FG refutes U.S. security advisory
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Home Tag Archives: Revenue

Tag Archives: Revenue

MRS Oil
Oil & Gas

MRS Oil Nigeria Plc forecasts N3.95b profit for Q3 2025

By Priscilla Adeife
1 week ago
in :  Oil & Gas
0
2

MRS Oil Nigeria Plc has projected a significant profit after tax of N3.95 billion for the third quarter of 2025, with this optimistic forecast underpinned by an anticipated revenue of N393.58 billion. Also read: Tinubu’s issues directive to lower oil production cost, attract new investments The company officially announced these figures on 4 June 2025. According to the company’s Q3 forecast …

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Maritime

Marítime agencies revenue to FG increases by 77% in 2024, says Minister

By Breezynews
20 February 2025
in :  Maritime
0
12

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has said that agencies in the Marine and Blue Economy increased revenue generated to the coffers of the federal government by 77%. He disclosed this in an interactive session with the Nigerian Guild of Editors (NGE) in Lagos. According to him, the Presidential Enabling Business Environment Council (PEBEC) during the 120 …

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Business

Nigerian Breweries surpasses N1t revenue in FY’24

By Breezynews
15 February 2025
in :  Business
0
21

Nigerian Breweries Plc has released its audited Group Financial Statements for the 2024 financial year, reporting an unprecedented revenue of N1.1 trillion. This marks a significant 81% increase from the N599.6 billion recorded in 2023. A breakdown of the audited results showed a remarkable 51% growth in group gross profit, rising from N212.6 billion in 2023 to N320 billion in …

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Telecoms

NCC blames failed 5G auction for 2024 revenue drop

By Breezynews
31 January 2025
in :  Telecoms
0
6

The Nigerian Communications Commission (NCC) has disclosed that the failure of telecommunications companies to purchase 5G spectrum licences was largely responsible for its low revenue generation in 2024. The NCC’s Director of Financial Services, Yakubu Gontor, and its Chief Executive Officer/Executive Vice Chairman, Aminu Maida, revealed this during the 2025 budget defence before the National Assembly Joint Committee on Communications …

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Sports

Real Madrid exceed billion-euro barrier to lead Money League

By Breezynews
23 January 2025
in :  Sports
0
4

Real Madrid are the first football club to top a billion euros in revenue during a single season, fuelled by income generated by the revamped Santiago Bernabeu stadium, according to financial experts Deloitte. The order of the clubs at the top of Deloitte’s annual Football Money League stayed the same, with Madrid (1.05 billion euros, $1.09 billion) followed by Premier …

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News

Kano tax defaulters to face punishment as state targets N80bn revenue in 2025

By Breezynews
21 December 2024
in :  News
0
9

The Kano State Government will commence the prosecution of all tax defaulters in 2025 as part of its major reforms in tax administration. This was contained in a statement on Saturday by the Governor’s spokesperson, Sanusi Dawakin-Tofa. According to the statement, the Executive Chairman of Kano State Internal Revenue Service, Dr Zaid Abubakar, made the disclosure during a presentation to …

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Economy

FG eyes N34.8t revenue in 2025 Appropriation bill

By Breezynews
19 November 2024
in :  Economy
0
14

The 2025 Appropriation Bill targets N34.8 trillion revenue, it was learnt yesterday. The Bill also projects a comprehensive debt restructuring strategy aimed at freeing up funds for critical infrastructure development. This approach is one of the key components of the 2025-2027 Medium-Term Fiscal Framework and Fiscal Strategy Paper (MTEF/FSP), which the Federal Executive Council (FEC) approved on Thursday. The MTEF/FSP …

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News

BudgIT 2024 report confirms Abiodun’s creativity in revenue generation, says Ogun APC

By Breezynews
5 November 2024
in :  News
0
8

The All Progressives Congress (APC) in Ogun State has commended Governor Dapo Abiodun on the latest rating of the state as third on the State of States Performance on “Index A” by a leading socioeconomic and civic organisation, BudgIT. Only Rivers State, which tops the list with 0.82, and Lagos (0.84) ranked higher than Ogun (1.48) among the 36 states …

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Business

Guinness Nigeria announces 31% revenue growth in 1 year

By Breezynews
27 July 2024
in :  Business
0
45

Guinness Nigeria Plc financial results for the twelve months ended 30th June 2024 has shown robust performance amidst a challenging macroeconomic environment. According to data obtained from its results, the company recorded a remarkable +31% year-on-year revenue growth, a strong performance even more pronounced in the second half of the year, with revenue growth accelerating to 41%, up from 20% …

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Aviation

NAMA advocates increased revenue retention to enhance operations

By Breezynews
5 June 2024
in :  Aviation
0
75

The Managing Director of Nigerian Airspace Management Agency (NAMA), Farouk Ahmed Umar, has appealed to the Federal Government to allow the agency more access to Internally Generated Revenue (IGR) so as to enhance its operations. Umar, who spoke at the agency’s headquarters in Abuja, said NAMA, as the heart of the aviation industry is tasked with the critical responsibility of …

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