…Reports 39.13% increase By Seun Ibiyemi Despite major economic challenges in Q1 2023, Skyway Aviation Handling Company announced N16.5 billion in revenue, evidencing Skyway Aviation revenue growth. This significant achievement has boosted the company’s gross profit to N8.2 billion, up…
…As FAAC meets in Abuja By Seun Ibiyemi The Federation Accounts Allocation Committee (FAAC) has shared a total of N1.143 trillion to the federal government, states, and local government councils as revenue for May. This was announced at the end…
The Federal Government has announced N318.5bn revenue inflow in the first quarter of 2024, the Accountant General of the Federation, Mrs Oluwatoyin Madein disclosed on Wednesday in Abuja. Madein stated this while briefing members of the House of Representatives Committee…
Transnational Corporation (TRANSCORP) Plc, Nigeria’s leading listed conglomerate, announces its financial results for the year ended December 31, 2023. The Group achieved substantial growth in its financial indicators, reinforcing its market leadership and strategic positioning. In its audited results, Transcorp…
By Sodiq Adelakun Nigeria has experienced a substantial increase in revenue from foreign exchange differences, totaling N1.36 trillion over a six-month period, according to recent data from the Federation Account Allocation Committee (FAAC) communiques. The remarkable rise in profits is…
By Matthew Denis For the month of November, Nigeria’s revenue increased by a whooping N181.82 billion, despite forex and inflationary pressures. The Federation Account Allocation Committee (FAAC), at its Meeting chaired by the Honourable Minister of Finance and Co-ordinating Minister…
Flour Mill of Nigeria has reported strong revenue growth of 33 percent year-on-year to N508.3 billion at the end of Q2 23 The key factor contributing to the growth in revenue are revenue from food segment, Sugar segment, the Agro…
The Federal Government has revealed that it is targeting an estimated $1.5 billion in additional revenue from investments in equipment globally as it sets out to unveil the Equipment Leasing Registration Authority. The Chairman of ELRA, Saidu Njidda, who announced…
Nigeria no doubt has come to the rough table of disturbances. From all sides, the challenges before the Country have become deep seated. Questions as to the state of the economy of the Country have recently posed very serious conundrum.…
Nigeria’s survival is dependent on the successful plugging of federal revenue leakages by the incoming government to ensure all monies generated go straight to the Federation Account. This position was submitted by Hafiz Kawu, the House of Representatives member from…
