Revenue – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Thu, 19 Mar 2026 07:21:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Revenue – InfoStride News https://www.theinfostride.com 32 32 Dangote Cement Records N743.3bn Profit Amid Strong Market Performance and Expansion Drive https://www.theinfostride.com/dangote-cement-records-n743-3bn-profit-amid-strong-market-performance-and-expansion-drive/ https://www.theinfostride.com/dangote-cement-records-n743-3bn-profit-amid-strong-market-performance-and-expansion-drive/#respond Thu, 19 Mar 2026 07:18:21 +0000 https://www.theinfostride.com/?p=470331 Dangote Cement Plc, Africa’s largest cement producer, has announced an impressive profit of N743.3 billion for the nine-month period ending September 2025, representing one of its strongest financial performances in recent years. The company’s sustained revenue growth, operational efficiency, and strategic expansion across key African markets have positioned it as a dominant force in the [...]

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]]> https://www.theinfostride.com/dangote-cement-records-n743-3bn-profit-amid-strong-market-performance-and-expansion-drive/feed/ 0 CBN records N74.41tn credit to private sector in one month https://www.theinfostride.com/cbn-records-n74-41tn-credit-to-private-sector-in-one-month/ https://www.theinfostride.com/cbn-records-n74-41tn-credit-to-private-sector-in-one-month/#respond Thu, 19 Mar 2026 07:00:19 +0000 https://www.theinfostride.com/?p=472542 The Central Bank of Nigeria has disclosed that commercial banks extended a total of N74.41 trillion in credit to the private sector in a single month, highlighting the continued expansion of lending activities and the central role of banks in supporting economic growth. The report underscores the resilience of Nigeria’s financial system and signals the [...]

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]]> https://www.theinfostride.com/cbn-records-n74-41tn-credit-to-private-sector-in-one-month/feed/ 0 NIESV Advocates Ground Rent as Sustainable Revenue Source for Housing and Infrastructure Development https://www.theinfostride.com/niesv-advocates-ground-rent-as-sustainable-revenue-source-for-housing-and-infrastructure-development/ https://www.theinfostride.com/niesv-advocates-ground-rent-as-sustainable-revenue-source-for-housing-and-infrastructure-development/#respond Thu, 26 Feb 2026 11:00:44 +0000 https://www.theinfostride.com/?p=425719 The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has renewed its call for the adoption of ground rent as a key strategy for revenue generation and housing affordability in Nigeria. Speaking during the 2025 Estate Surveyors’ Week held in Lagos, the Lagos State Chapter Chairman, Gbenga Ismail, emphasized that the implementation of a well-structured [...]

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]]> https://www.theinfostride.com/niesv-advocates-ground-rent-as-sustainable-revenue-source-for-housing-and-infrastructure-development/feed/ 0 NNPC Records ₦4.65tn Revenue in August Despite Output Drop https://www.theinfostride.com/nnpc-records-%e2%82%a64-65tn-revenue-in-august-despite-output-drop/ https://www.theinfostride.com/nnpc-records-%e2%82%a64-65tn-revenue-in-august-despite-output-drop/#respond Wed, 25 Feb 2026 16:46:18 +0000 https://www.theinfostride.com/?p=467503 The Nigerian National Petroleum Company Limited (NNPC) has reported a significant revenue boost, hitting ₦4.65 trillion in August 2025 despite challenges posed by declining crude oil output. The latest figures highlight the resilience of the state-owned energy giant in the face of persistent operational hurdles, including pipeline vandalism, oil theft, and underinvestment that have strained [...]

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]]> https://www.theinfostride.com/nnpc-records-%e2%82%a64-65tn-revenue-in-august-despite-output-drop/feed/ 0 Sanwo-Olu Projects N387.5bn Annual Revenue from Lagos Leather Exports https://www.theinfostride.com/sanwo-olu-projects-n387-5bn-annual-revenue-from-lagos-leather-exports/ https://www.theinfostride.com/sanwo-olu-projects-n387-5bn-annual-revenue-from-lagos-leather-exports/#respond Wed, 25 Feb 2026 10:52:45 +0000 https://www.theinfostride.com/?p=465823 Lagos State Governor Babajide Sanwo-Olu has announced that the state’s burgeoning leather industry is projected to generate an estimated N387.5 billion annually from exports, positioning Lagos as a key player in Nigeria’s non-oil revenue diversification drive. Speaking at an event showcasing the state’s industrial and export potential, the governor emphasized that the leather value chain [...]

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]]> https://www.theinfostride.com/sanwo-olu-projects-n387-5bn-annual-revenue-from-lagos-leather-exports/feed/ 0 NNPCL Posts ₦502bn November Profit Despite Decline in Crude Production https://www.theinfostride.com/nnpcl-posts-%e2%82%a6502bn-november-profit-despite-decline-in-crude-production/ https://www.theinfostride.com/nnpcl-posts-%e2%82%a6502bn-november-profit-despite-decline-in-crude-production/#respond Tue, 24 Feb 2026 14:42:46 +0000 https://www.theinfostride.com/?p=474587 The Nigerian National Petroleum Company Limited has reported a profit of ₦502 billion for November, even as the country’s crude oil production declined during the period. The performance highlights the company’s improved financial position following ongoing reforms in the oil and gas sector, despite operational challenges affecting upstream output. According to the national oil company, [...]

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]]> https://www.theinfostride.com/nnpcl-posts-%e2%82%a6502bn-november-profit-despite-decline-in-crude-production/feed/ 0 Ecobank Records 43% Profit Surge, Hits N702.4bn on Stronger Revenue and Cost Efficiency https://www.theinfostride.com/ecobank-records-43-profit-surge-hits-n702-4bn-on-stronger-revenue-and-cost-efficiency/ https://www.theinfostride.com/ecobank-records-43-profit-surge-hits-n702-4bn-on-stronger-revenue-and-cost-efficiency/#respond Sat, 31 Jan 2026 19:00:06 +0000 https://www.theinfostride.com/?p=470328 Ecobank Transnational Incorporated (ETI), the parent company of Ecobank Nigeria and other subsidiaries across Africa, has reported a significant 43% year-on-year surge in profit, hitting N702.4 billion for the financial year ended September 2025. The impressive performance underscores the bank’s robust operational efficiency, effective cost management, and steady revenue growth across its diversified markets. According [...]

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]]> https://www.theinfostride.com/ecobank-records-43-profit-surge-hits-n702-4bn-on-stronger-revenue-and-cost-efficiency/feed/ 0 Champion Breweries Records 111% Revenue Growth, Returns to Profitability in H1 2025 https://www.theinfostride.com/champion-breweries-records-111-revenue-growth-returns-to-profitability-in-h1-2025/ https://www.theinfostride.com/champion-breweries-records-111-revenue-growth-returns-to-profitability-in-h1-2025/#respond Wed, 28 Jan 2026 15:00:17 +0000 https://www.theinfostride.com/?p=467165 Champion Breweries Plc has staged a remarkable recovery in the first half of 2025, recording a 111 percent surge in gross profit alongside a major turnaround to profitability after a difficult performance in the previous year. The brewery, based in Uyo, Akwa Ibom State, reported stronger sales, better cost management, and improved operational efficiency, which [...]

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]]> https://www.theinfostride.com/champion-breweries-records-111-revenue-growth-returns-to-profitability-in-h1-2025/feed/ 0 CHAMS Achieves 42% Surge in Revenue, Signaling Strong Market Momentum https://www.theinfostride.com/chams-achieves-42-surge-in-revenue-signaling-strong-market-momentum/ https://www.theinfostride.com/chams-achieves-42-surge-in-revenue-signaling-strong-market-momentum/#respond Wed, 28 Jan 2026 12:00:30 +0000 https://www.theinfostride.com/?p=463455 CHAMS Plc, a leading identity management and technology services company in Nigeria, has posted an impressive 42 percent year-on-year increase in revenue during its most recent financial reporting period, underscoring the firm’s expanding relevance in the digital identity and business solutions market. According to the company’s audited accounts, revenue rose from ₦5.9 billion in the [...]

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]]> https://www.theinfostride.com/chams-achieves-42-surge-in-revenue-signaling-strong-market-momentum/feed/ 0 FG Commences Review of Revenue Allocation Formula https://www.theinfostride.com/fg-commences-review-of-revenue-allocation-formula/ https://www.theinfostride.com/fg-commences-review-of-revenue-allocation-formula/#respond Thu, 22 Jan 2026 12:57:29 +0000 https://www.theinfostride.com/?p=465319 The Federal Government has announced the commencement of a comprehensive review of the country’s revenue allocation formula, a process aimed at addressing long-standing concerns over fiscal imbalance and improving equitable distribution of resources across the three tiers of government. The exercise, according to officials, is expected to take into account current economic realities, the revenue [...]

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]]> https://www.theinfostride.com/fg-commences-review-of-revenue-allocation-formula/feed/ 0 DisCos’ Revenue Drops to N182.11bn Amid Sector Challenges https://www.theinfostride.com/discos-revenue-drops-to-n182-11bn-amid-sector-challenges/ https://www.theinfostride.com/discos-revenue-drops-to-n182-11bn-amid-sector-challenges/#respond Thu, 22 Jan 2026 12:10:33 +0000 https://www.theinfostride.com/?p=465959 Nigeria’s electricity distribution companies (DisCos) recorded a 4.9 percent decline in monthly revenue, sliding to N182.11 billion, as the power sector continues to grapple with operational inefficiencies, liquidity constraints, and customer dissatisfaction. This development underscores the persistent challenges in Nigeria’s electricity value chain, despite ongoing reforms aimed at boosting power supply and financial viability. Industry [...]

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]]> https://www.theinfostride.com/discos-revenue-drops-to-n182-11bn-amid-sector-challenges/feed/ 0 Kirikiri Customs Terminal Generates ₦89.2bn Revenue in First Half of 2025 https://www.theinfostride.com/kirikiri-customs-terminal-generates-%e2%82%a689-2bn-revenue-in-first-half-of-2025/ https://www.theinfostride.com/kirikiri-customs-terminal-generates-%e2%82%a689-2bn-revenue-in-first-half-of-2025/#respond Thu, 22 Jan 2026 06:18:55 +0000 https://www.theinfostride.com/?p=465221 The Nigeria Customs Service (NCS), Kirikiri Lighter Terminal (KLT) Command, has announced that it generated a total revenue of ₦89.2 billion in the first half of 2025, marking a significant increase compared to the same period in the previous year. The impressive revenue growth underscores the command’s ongoing reforms, enhanced operational efficiency, and commitment to [...]

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]]> https://www.theinfostride.com/kirikiri-customs-terminal-generates-%e2%82%a689-2bn-revenue-in-first-half-of-2025/feed/ 0 TotalEnergies Projects N192bn Revenue for Q2 https://www.theinfostride.com/totalenergies-projects-n192bn-revenue-for-q2/ https://www.theinfostride.com/totalenergies-projects-n192bn-revenue-for-q2/#respond Tue, 20 Jan 2026 08:11:39 +0000 https://www.theinfostride.com/?p=404961 TotalEnergies Marketing Nigeria Plc has projected a revenue of N192 billion for the second quarter of 2024, reflecting the company’s confidence in sustained growth despite ongoing economic challenges. The forecast is based on strong demand for petroleum products, strategic cost management, and increased operational efficiency across its business segments. The company’s revenue outlook comes at [...]

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]]> https://www.theinfostride.com/totalenergies-projects-n192bn-revenue-for-q2/feed/ 0 Lafarge Africa Records 70% Revenue Growth to N269bn in Q2 2025 https://www.theinfostride.com/lafarge-africa-records-70-revenue-growth-to-n269bn-in-q2-2025/ https://www.theinfostride.com/lafarge-africa-records-70-revenue-growth-to-n269bn-in-q2-2025/#respond Thu, 25 Dec 2025 09:54:14 +0000 https://www.theinfostride.com/?p=465408 Lafarge Africa Plc has reported a remarkable 70 percent increase in revenue, reaching ₦269 billion for the second quarter of 2025, underscoring its strong market performance and operational resilience despite persistent economic headwinds. The cement giant attributed the growth to robust demand, improved pricing strategies, and operational efficiency gains across its production and distribution network. [...]

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]]> https://www.theinfostride.com/lafarge-africa-records-70-revenue-growth-to-n269bn-in-q2-2025/feed/ 0 FG Revenue Agencies Collect N21 Trillion in First Half of 2025 https://www.theinfostride.com/fg-revenue-agencies-collect-n21-trillion-in-first-half-of-2025/ https://www.theinfostride.com/fg-revenue-agencies-collect-n21-trillion-in-first-half-of-2025/#respond Thu, 25 Dec 2025 08:56:16 +0000 https://www.theinfostride.com/?p=465395 The Federal Government’s major revenue-generating agencies, including the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS), have collectively generated a total of ₦21 trillion in the first half of 2025, surpassing initial projections and underlining the importance of ongoing fiscal reforms. According to official data made available from the Ministry of Finance [...]

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]]> https://www.theinfostride.com/fg-revenue-agencies-collect-n21-trillion-in-first-half-of-2025/feed/ 0 Lagos Can Generate N1tn Annually from Property Tax, Says Oyedele https://www.theinfostride.com/lagos-can-generate-n1tn-annually-from-property-tax-says-oyedele/ https://www.theinfostride.com/lagos-can-generate-n1tn-annually-from-property-tax-says-oyedele/#respond Wed, 24 Dec 2025 14:48:26 +0000 https://www.theinfostride.com/?p=474102 Lagos State has the potential to generate as much as N1 trillion annually from property taxation if its property tax system is properly structured and efficiently implemented, according to tax expert and fiscal policy advocate, Taiwo Oyedele. He made the assertion while speaking on the need for subnational governments to unlock sustainable revenue sources amid [...]

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]]> https://www.theinfostride.com/lagos-can-generate-n1tn-annually-from-property-tax-says-oyedele/feed/ 0 Federal Government Records ₦12.81 Trillion Revenue from Crude Oil Exports in Third Quarter https://www.theinfostride.com/federal-government-records-%e2%82%a612-81-trillion-revenue-from-crude-oil-exports-in-third-quarter/ https://www.theinfostride.com/federal-government-records-%e2%82%a612-81-trillion-revenue-from-crude-oil-exports-in-third-quarter/#respond Tue, 16 Dec 2025 14:32:13 +0000 https://www.theinfostride.com/?p=473607 The Federal Government generated ₦12.81 trillion from crude oil exports in the third quarter of the year, underscoring the continued importance of oil revenue to Nigeria’s fiscal position despite ongoing efforts to diversify the economy. Reports by Punch and other Nigerian news outlets indicate that the figure was released by the National Bureau of Statistics [...]

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]]> https://www.theinfostride.com/federal-government-records-%e2%82%a612-81-trillion-revenue-from-crude-oil-exports-in-third-quarter/feed/ 0 Federal, State and Local Governments Receive ₦1.93 Trillion From November Revenue Allocation https://www.theinfostride.com/federal-state-and-local-governments-receive-%e2%82%a61-93-trillion-from-november-revenue-allocation/ https://www.theinfostride.com/federal-state-and-local-governments-receive-%e2%82%a61-93-trillion-from-november-revenue-allocation/#respond Tue, 16 Dec 2025 14:25:40 +0000 https://www.theinfostride.com/?p=473601 The Federal Government, states and local government councils shared a total of ₦1.93 trillion as revenue for the month of November, reflecting improved inflows from statutory sources amid ongoing fiscal pressures across all tiers of government. Reports by Punch and other Nigerian news outlets indicate that the allocation was approved at the meeting of the [...]

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]]> https://www.theinfostride.com/federal-state-and-local-governments-receive-%e2%82%a61-93-trillion-from-november-revenue-allocation/feed/ 0 Federal Government’s Electronic Transfer Levy Revenue Hits N360 Billion https://www.theinfostride.com/federal-governments-electronic-transfer-levy-revenue-hits-n360-billion/ https://www.theinfostride.com/federal-governments-electronic-transfer-levy-revenue-hits-n360-billion/#respond Sun, 07 Dec 2025 14:44:20 +0000 https://www.theinfostride.com/?p=473069 The Federal Government has recorded a sharp increase in revenue from the electronic transfer levy, with collections reportedly doubling to N360 billion, highlighting the growing impact of digital financial transactions on government revenue. The surge, according to officials, is largely driven by increased adoption of digital payment platforms, mobile banking, and electronic money transfers across [...]

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]]> https://www.theinfostride.com/federal-governments-electronic-transfer-levy-revenue-hits-n360-billion/feed/ 0 Telecom Operators’ OPEX Soars by 85% to ₦5.85 Trillion https://www.theinfostride.com/telecom-operators-opex-soars-by-85-to-%e2%82%a65-85-trillion/ https://www.theinfostride.com/telecom-operators-opex-soars-by-85-to-%e2%82%a65-85-trillion/#respond Wed, 19 Nov 2025 17:46:54 +0000 https://www.theinfostride.com/?p=471899 Nigeria’s telecommunications sector recorded a massive jump in operating expenses (OPEX), as industry operating costs surged to ₦5.85 trillion in 2024 — the highest on record. This represents an 85 percent increase compared with the ₦3.16 trillion reported in 2023. Analysis by the Nigerian Communications Commission (NCC) shows that several key cost drivers contributed to [...]

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]]> https://www.theinfostride.com/telecom-operators-opex-soars-by-85-to-%e2%82%a65-85-trillion/feed/ 0 Fidelity Bank Reports H1 Earnings Growth to N748.7 Billion https://www.theinfostride.com/fidelity-bank-reports-h1-earnings-growth-to-n748-7-billion/ https://www.theinfostride.com/fidelity-bank-reports-h1-earnings-growth-to-n748-7-billion/#respond Mon, 17 Nov 2025 12:45:53 +0000 https://www.theinfostride.com/?p=471738 Fidelity Bank Plc has posted a significant growth in its earnings for the first half of 2025, recording N748.7 billion in revenue, reflecting robust performance across its core banking operations and strategic investments. The figures, released in the bank’s half-year financial statement, underscore the institution’s resilience and ability to navigate challenging economic conditions while expanding [...]

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]]> https://www.theinfostride.com/fidelity-bank-reports-h1-earnings-growth-to-n748-7-billion/feed/ 0 Power Distributors’ Revenue Rises 43% to N1.5tn — NERC Report https://www.theinfostride.com/power-distributors-revenue-rises-43-to-n1-5tn-nerc-report/ https://www.theinfostride.com/power-distributors-revenue-rises-43-to-n1-5tn-nerc-report/#respond Mon, 10 Nov 2025 15:31:32 +0000 https://www.theinfostride.com/?p=471227 Revenue generated by electricity distribution companies (DisCos) in Nigeria surged by 43 per cent to ₦1.5 trillion in the first nine months of 2025, compared to ₦1.04 trillion recorded in the same period of 2024, according to the latest industry data released by the Nigerian Electricity Regulatory Commission (NERC). The sharp increase was attributed to [...]

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]]> https://www.theinfostride.com/power-distributors-revenue-rises-43-to-n1-5tn-nerc-report/feed/ 0 Customs Port Harcourt 1 Command Collects N33bn Revenue in October 2025 https://www.theinfostride.com/customs-port-harcourt-1-command-collects-n33bn-revenue-in-october-2025/ https://www.theinfostride.com/customs-port-harcourt-1-command-collects-n33bn-revenue-in-october-2025/#respond Mon, 10 Nov 2025 15:14:55 +0000 https://www.theinfostride.com/?p=471220 The Nigeria Customs Service (NCS), Port Harcourt Area 1 Command, has announced that it collected a total revenue of ₦33 billion in October 2025, reflecting improved efficiency in port operations, enforcement, and trade facilitation within the command.The Customs Area Controller, Comptroller Babatunde Olomu, disclosed this in a statement issued by the command’s Public Relations Officer, [...]

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]]> https://www.theinfostride.com/customs-port-harcourt-1-command-collects-n33bn-revenue-in-october-2025/feed/ 0 First HoldCo Records N450.9bn Profit in Nine Months, Driven by Strong Banking and Insurance Operations https://www.theinfostride.com/first-holdco-records-n450-9bn-profit-in-nine-months-driven-by-strong-banking-and-insurance-operations/ https://www.theinfostride.com/first-holdco-records-n450-9bn-profit-in-nine-months-driven-by-strong-banking-and-insurance-operations/#respond Thu, 06 Nov 2025 15:47:32 +0000 https://www.theinfostride.com/?p=470963 First Bank Holdings Plc (First HoldCo), one of Nigeria’s leading financial services conglomerates, has announced a profit after tax of N450.9 billion for the first nine months of 2025, representing a significant surge from the N202.3 billion posted during the same period last year. The company’s latest financial report underscores its strengthened balance sheet, diversified [...]

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]]> https://www.theinfostride.com/first-holdco-records-n450-9bn-profit-in-nine-months-driven-by-strong-banking-and-insurance-operations/feed/ 0 Rivers Customs Generate N76bn Revenue in October, Surpass Monthly Target https://www.theinfostride.com/rivers-customs-generate-n76bn-revenue-in-october-surpass-monthly-target/ https://www.theinfostride.com/rivers-customs-generate-n76bn-revenue-in-october-surpass-monthly-target/#respond Thu, 06 Nov 2025 15:44:51 +0000 https://www.theinfostride.com/?p=470961 The Rivers and Cross River Area Command of the Nigeria Customs Service (NCS) has announced a remarkable revenue collection of N76 billion for the month of October 2025, surpassing its monthly target and recording one of the highest single-month performances in its history. The feat underscores the command’s growing efficiency in trade facilitation, enforcement, and [...]

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]]> https://www.theinfostride.com/rivers-customs-generate-n76bn-revenue-in-october-surpass-monthly-target/feed/ 0 Sterling HoldCo Reports N341.7bn Revenue in Q3, Eyes Expansion in Digital Banking and Green Finance https://www.theinfostride.com/sterling-holdco-reports-n341-7bn-revenue-in-q3-eyes-expansion-in-digital-banking-and-green-finance/ https://www.theinfostride.com/sterling-holdco-reports-n341-7bn-revenue-in-q3-eyes-expansion-in-digital-banking-and-green-finance/#respond Tue, 04 Nov 2025 14:59:46 +0000 https://www.theinfostride.com/?p=470781 Sterling Financial Holdings Company Plc (Sterling HoldCo), the parent firm of Sterling Bank and Alternative Bank Limited, has announced a robust N341.7 billion revenue for the third quarter (Q3) of 2025, reflecting sustained growth across its core banking and non-banking operations. The performance underscores the company’s strategic diversification following its transition into a holding company [...]

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]]> https://www.theinfostride.com/sterling-holdco-reports-n341-7bn-revenue-in-q3-eyes-expansion-in-digital-banking-and-green-finance/feed/ 0 Zenith Bank Profit Rises to ₦917.4bn as Earnings Hit ₦3.3trn https://www.theinfostride.com/zenith-bank-profit-rises-to-%e2%82%a6917-4bn-as-earnings-hit-%e2%82%a63-3trn/ https://www.theinfostride.com/zenith-bank-profit-rises-to-%e2%82%a6917-4bn-as-earnings-hit-%e2%82%a63-3trn/#respond Mon, 03 Nov 2025 14:59:54 +0000 https://www.theinfostride.com/?p=470710 Zenith Bank Plc has reported a remarkable financial performance for the nine months ending September 30, 2025, recording a profit after tax (PAT) of ₦917.4 billion, a 287 percent increase compared to ₦236.8 billion posted in the corresponding period of 2024. The tier-one lender’s unaudited financial statements filed with the Nigerian Exchange Limited (NGX) show [...]

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]]> https://www.theinfostride.com/zenith-bank-profit-rises-to-%e2%82%a6917-4bn-as-earnings-hit-%e2%82%a63-3trn/feed/ 0 Oando Records 164% Rise in Profit to N210bn in Nine Months https://www.theinfostride.com/oando-records-164-rise-in-profit-to-n210bn-in-nine-months/ https://www.theinfostride.com/oando-records-164-rise-in-profit-to-n210bn-in-nine-months/#respond Sun, 02 Nov 2025 14:20:30 +0000 https://www.theinfostride.com/?p=470619 Energy giant Oando Plc has announced a remarkable 164 percent increase in profit, reaching N210 billion for the first nine months of 2024, reflecting a strong recovery and operational efficiency across its oil and gas business segments. The company attributed the impressive performance to higher crude oil prices, improved production output, and strategic cost management [...]

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]]> https://www.theinfostride.com/oando-records-164-rise-in-profit-to-n210bn-in-nine-months/feed/ 0 UBA Achieves N538bn Profit After Tax in Third Quarter, Maintains Strong Growth Momentum https://www.theinfostride.com/uba-achieves-n538bn-profit-after-tax-in-third-quarter-maintains-strong-growth-momentum/ https://www.theinfostride.com/uba-achieves-n538bn-profit-after-tax-in-third-quarter-maintains-strong-growth-momentum/#respond Sat, 01 Nov 2025 11:59:49 +0000 https://www.theinfostride.com/?p=470560 The United Bank for Africa (UBA) Plc has reported a profit after tax of ₦538 billion for the third quarter of 2025, reflecting another milestone in the bank’s sustained trajectory of growth and profitability. The figure represents one of the strongest performances in the Nigerian banking sector this year, underscoring UBA’s resilience and effective execution [...]

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]]> https://www.theinfostride.com/uba-achieves-n538bn-profit-after-tax-in-third-quarter-maintains-strong-growth-momentum/feed/ 0 FIRS Reforms Reshape Nigeria’s Tax Ecosystem, Boost Compliance and Revenue Growth https://www.theinfostride.com/firs-reforms-reshape-nigerias-tax-ecosystem-boost-compliance-and-revenue-growth/ https://www.theinfostride.com/firs-reforms-reshape-nigerias-tax-ecosystem-boost-compliance-and-revenue-growth/#respond Tue, 28 Oct 2025 09:05:23 +0000 https://www.theinfostride.com/?p=470233 The Federal Inland Revenue Service (FIRS) has announced that its sweeping tax reforms have successfully reshaped Nigeria’s tax administration ecosystem, improving efficiency, transparency, and compliance while expanding the nation’s revenue base. According to the agency, the recent structural and digital reforms have not only streamlined tax collection processes but also positioned FIRS as one of [...]

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]]> https://www.theinfostride.com/firs-reforms-reshape-nigerias-tax-ecosystem-boost-compliance-and-revenue-growth/feed/ 0 Transcorp’s Power and Hospitality Arms Drive 39% Surge in Revenue https://www.theinfostride.com/transcorps-power-and-hospitality-arms-drive-39-surge-in-revenue/ https://www.theinfostride.com/transcorps-power-and-hospitality-arms-drive-39-surge-in-revenue/#respond Tue, 28 Oct 2025 08:43:21 +0000 https://www.theinfostride.com/?p=470222 Transnational Corporation Plc (Transcorp Group) has announced a significant 39 percent increase in its revenue, driven by the outstanding performance of its power and hospitality subsidiaries. The conglomerate’s latest financial report reflects the resilience and strategic strength of its diversified portfolio, which continues to perform strongly despite Nigeria’s volatile economic conditions. According to the company’s [...]

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]]> https://www.theinfostride.com/transcorps-power-and-hospitality-arms-drive-39-surge-in-revenue/feed/ 0 Transcorp Reports ₦413.4bn Revenue Amid Strong Energy and Hospitality Growth https://www.theinfostride.com/transcorp-reports-%e2%82%a6413-4bn-revenue-amid-strong-energy-and-hospitality-growth/ https://www.theinfostride.com/transcorp-reports-%e2%82%a6413-4bn-revenue-amid-strong-energy-and-hospitality-growth/#respond Tue, 28 Oct 2025 08:37:30 +0000 https://www.theinfostride.com/?p=470217 Transnational Corporation Plc (Transcorp Group) has announced a remarkable revenue of ₦413.4 billion for the nine months ending September 2025, reflecting the group’s continued growth trajectory across its power, energy, and hospitality businesses. The conglomerate’s latest financial report underscores its resilience and strategic diversification in Nigeria’s challenging economic environment. According to the unaudited results released [...]

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]]> https://www.theinfostride.com/transcorp-reports-%e2%82%a6413-4bn-revenue-amid-strong-energy-and-hospitality-growth/feed/ 0 FIRS Achieves Record ₦47.39 Trillion Revenue Growth Amid Sweeping Reforms https://www.theinfostride.com/firs-achieves-record-%e2%82%a647-39-trillion-revenue-growth-amid-sweeping-reforms/ https://www.theinfostride.com/firs-achieves-record-%e2%82%a647-39-trillion-revenue-growth-amid-sweeping-reforms/#respond Mon, 27 Oct 2025 12:28:55 +0000 https://www.theinfostride.com/?p=470133 The Federal Inland Revenue Service (FIRS) has achieved a historic rise in tax revenue, collecting a total of ₦47.39 trillion over a two-year period. This remarkable growth, attributed to ongoing reforms, advanced digital systems, and improved compliance measures, underscores Nigeria’s expanding fiscal capacity and efforts to diversify revenue sources beyond oil. According to recent data, [...]

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]]> https://www.theinfostride.com/firs-achieves-record-%e2%82%a647-39-trillion-revenue-growth-amid-sweeping-reforms/feed/ 0 Customs Launches Electronic Platform to Curb Vehicle Smuggling and Boost Revenue https://www.theinfostride.com/customs-launches-electronic-platform-to-curb-vehicle-smuggling-and-boost-revenue/ https://www.theinfostride.com/customs-launches-electronic-platform-to-curb-vehicle-smuggling-and-boost-revenue/#respond Fri, 24 Oct 2025 17:00:52 +0000 https://www.theinfostride.com/?p=469931 The Nigeria Customs Service (NCS) has launched a new electronic platform designed to tackle the long-standing problem of vehicle smuggling, improve transparency, and enhance revenue collection. The initiative, unveiled at the Customs Headquarters in Abuja, represents a major step toward digital transformation within the service and aligns with the Federal Government’s ongoing drive to modernize [...]

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]]> https://www.theinfostride.com/customs-launches-electronic-platform-to-curb-vehicle-smuggling-and-boost-revenue/feed/ 0 Nigerian Breweries Records N1.04tn Revenue in Nine Months https://www.theinfostride.com/nigerian-breweries-records-n1-04tn-revenue-in-nine-months/ https://www.theinfostride.com/nigerian-breweries-records-n1-04tn-revenue-in-nine-months/#respond Thu, 23 Oct 2025 15:11:00 +0000 https://www.theinfostride.com/?p=469839 Nigerian Breweries Plc, the country’s leading beverage manufacturer, has announced a total revenue of N1.04 trillion for the first nine months of 2025, marking a significant improvement in sales performance despite persistent inflationary pressures, foreign exchange volatility, and rising production costs.The company disclosed this in its unaudited financial statement for the nine-month period ended September [...]

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]]> https://www.theinfostride.com/nigerian-breweries-records-n1-04tn-revenue-in-nine-months/feed/ 0 Lafarge Records 144% Surge in Q3 Profit, Hits N75 Billion https://www.theinfostride.com/lafarge-records-144-surge-in-q3-profit-hits-n75-billion/ https://www.theinfostride.com/lafarge-records-144-surge-in-q3-profit-hits-n75-billion/#respond Thu, 23 Oct 2025 14:47:28 +0000 https://www.theinfostride.com/?p=469824 Lafarge Africa Plc has announced a remarkable 144 percent rise in its profit after tax for the third quarter of 2025, reaching N75 billion compared to N30.7 billion recorded in the same period last year. The cement manufacturing giant attributed the impressive performance to increased production efficiency, cost management strategies, and higher sales volume driven [...]

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]]> https://www.theinfostride.com/lafarge-records-144-surge-in-q3-profit-hits-n75-billion/feed/ 0 NNPC Records N380bn Revenue Shortfall in September Amid Operational Challenges https://www.theinfostride.com/nnpc-records-n380bn-revenue-shortfall-in-september-amid-operational-challenges/ https://www.theinfostride.com/nnpc-records-n380bn-revenue-shortfall-in-september-amid-operational-challenges/#respond Thu, 23 Oct 2025 14:44:00 +0000 https://www.theinfostride.com/?p=469822 The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a staggering N380 billion revenue loss for September 2025, attributed to declining crude production, oil theft, and infrastructure sabotage that continue to plague Nigeria’s oil and gas sector. The development marks one of the largest single-month revenue shortfalls in recent years, raising concerns over the [...]

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]]> https://www.theinfostride.com/nnpc-records-n380bn-revenue-shortfall-in-september-amid-operational-challenges/feed/ 0 Oil Tax Revenue Drops by 53%, Says FAAC Report https://www.theinfostride.com/oil-tax-revenue-drops-by-53-says-faac-report/ https://www.theinfostride.com/oil-tax-revenue-drops-by-53-says-faac-report/#respond Wed, 22 Oct 2025 13:52:32 +0000 https://www.theinfostride.com/?p=469731 Nigeria’s oil tax revenue plunged by 53% in the first half of 2025, according to the latest report released by the Federation Account Allocation Committee (FAAC). The steep decline underscores the ongoing challenges facing the country’s petroleum sector despite rising global oil prices and efforts to stabilise domestic production. The FAAC report revealed that oil-related [...]

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]]> https://www.theinfostride.com/oil-tax-revenue-drops-by-53-says-faac-report/feed/ 0 NNPC Ltd Records N216bn Profit on N4.26tr Turnover https://www.theinfostride.com/nnpc-ltd-records-n216bn-profit-on-n4-26tr-turnover/ https://www.theinfostride.com/nnpc-ltd-records-n216bn-profit-on-n4-26tr-turnover/#respond Wed, 22 Oct 2025 13:40:51 +0000 https://www.theinfostride.com/?p=469729 The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a profit of N216 billion for the 2024 financial year, achieved on a turnover of N4.26 trillion. The performance reflects the company’s strengthened financial and operational efficiency under the leadership of its Chief Executive Officer (GCEO), Bashir Bayo Ojulari. The announcement marks another milestone in [...]

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]]> https://www.theinfostride.com/nnpc-ltd-records-n216bn-profit-on-n4-26tr-turnover/feed/ 0 Revenue Agencies Launch Joint Initiative to Boost Recovery and Allocation Efficiency https://www.theinfostride.com/revenue-agencies-launch-joint-initiative-to-boost-recovery-and-allocation-efficiency/ https://www.theinfostride.com/revenue-agencies-launch-joint-initiative-to-boost-recovery-and-allocation-efficiency/#respond Tue, 21 Oct 2025 14:14:36 +0000 https://www.theinfostride.com/?p=469647 Nigeria’s key revenue collection and allocation agencies have unveiled a coordinated initiative aimed at improving revenue recovery, enhancing transparency, and strengthening fiscal discipline across all tiers of government. The new initiative, announced in Abuja, is expected to boost non-oil revenue generation and ensure more effective distribution of national income to federal, state, and local governments. [...]

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]]> https://www.theinfostride.com/revenue-agencies-launch-joint-initiative-to-boost-recovery-and-allocation-efficiency/feed/ 0 Nigeria’s Crude Oil Earnings Drop by N3.18tn Despite Surge in Output https://www.theinfostride.com/nigerias-crude-oil-earnings-drop-by-n3-18tn-despite-surge-in-output/ https://www.theinfostride.com/nigerias-crude-oil-earnings-drop-by-n3-18tn-despite-surge-in-output/#respond Mon, 15 Sep 2025 17:53:25 +0000 https://www.theinfostride.com/?p=466643 Nigeria’s oil sector is facing renewed concerns as fresh figures reveal that crude oil earnings declined by a staggering ₦3.18 trillion, even as production volumes recorded a notable surge. This paradox, industry experts say, underscores the structural weaknesses in Nigeria’s revenue model, which relies heavily on oil exports but remains vulnerable to global price volatility [...]

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]]> https://www.theinfostride.com/nigerias-crude-oil-earnings-drop-by-n3-18tn-despite-surge-in-output/feed/ 0 BUA Foods Hits ₦1.53 Trillion Revenue in 2024, Announces ₦13 Dividend per Share https://www.theinfostride.com/bua-foods-hits-%e2%82%a61-53-trillion-revenue-in-2024-announces-%e2%82%a613-dividend-per-share/ https://www.theinfostride.com/bua-foods-hits-%e2%82%a61-53-trillion-revenue-in-2024-announces-%e2%82%a613-dividend-per-share/#respond Fri, 12 Sep 2025 09:31:11 +0000 https://www.theinfostride.com/?p=466496 BUA Foods Plc has revealed that it generated ₦1.53 trillion in revenue for the financial year ended December 2024, and is declaring a dividend of ₦13.00 per share. The company stated that its strong performance reflects both internal efficiencies and favourable market conditions across its product lines, which include sugar, flour, pasta, rice and edible [...]

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]]> https://www.theinfostride.com/bua-foods-hits-%e2%82%a61-53-trillion-revenue-in-2024-announces-%e2%82%a613-dividend-per-share/feed/ 0 Report Reveals Nigeria Lost Over ₦509 Billion in Trade and Customs Revenue Shortfalls https://www.theinfostride.com/report-reveals-nigeria-lost-over-%e2%82%a6509-billion-in-trade-and-customs-revenue-shortfalls/ https://www.theinfostride.com/report-reveals-nigeria-lost-over-%e2%82%a6509-billion-in-trade-and-customs-revenue-shortfalls/#respond Wed, 10 Sep 2025 12:51:37 +0000 https://www.theinfostride.com/?p=466384 Nigeria has reportedly lost more than ₦509 billion in trade value and Customs revenue within a short period, according to a recent industry report highlighting the impact of weak border administration, import restrictions, smuggling, and inefficiencies in port operations. The development has raised concerns among stakeholders who warn that unless structural reforms are accelerated, the [...]

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]]> https://www.theinfostride.com/report-reveals-nigeria-lost-over-%e2%82%a6509-billion-in-trade-and-customs-revenue-shortfalls/feed/ 0 DisCos’ Monthly Revenue Falls 4.9% to N182.11bn https://www.theinfostride.com/discos-monthly-revenue-falls-4-9-to-n182-11bn/ https://www.theinfostride.com/discos-monthly-revenue-falls-4-9-to-n182-11bn/#respond Fri, 22 Aug 2025 09:50:18 +0000 https://www.theinfostride.com/?p=465666 Nigeria’s electricity distribution companies (DisCos) recorded a 4.9 per cent decline in their monthly revenue, which dropped to N182.11 billion, according to the latest industry data. The decline highlights ongoing challenges within the power sector despite recent tariff reviews and efforts to improve collections. Figures from the Nigerian Electricity Regulatory Commission (NERC) indicate that the [...]

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]]> https://www.theinfostride.com/discos-monthly-revenue-falls-4-9-to-n182-11bn/feed/ 0 FIRS Vows to Strengthen Tax Policy in West Africa https://www.theinfostride.com/firs-vows-to-strengthen-tax-policy-in-west-africa/ https://www.theinfostride.com/firs-vows-to-strengthen-tax-policy-in-west-africa/#respond Wed, 23 Jul 2025 22:58:30 +0000 https://www.theinfostride.com/?p=405818 The Federal Inland Revenue Service (FIRS) has pledged to strengthen tax policies across West Africa, aiming to boost revenue generation, enhance compliance, and create a more transparent tax system in the region. The commitment was made during a regional tax conference, where officials emphasized the need for collaboration among West African nations to improve tax [...]

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]]> https://www.theinfostride.com/firs-vows-to-strengthen-tax-policy-in-west-africa/feed/ 0 Presidential panel reveals Nigeria now spends half of its revenue on debt servicing https://www.theinfostride.com/presidential-panel-reveals-nigeria-now-spends-half-of-its-revenue-on-debt-servicing/ https://www.theinfostride.com/presidential-panel-reveals-nigeria-now-spends-half-of-its-revenue-on-debt-servicing/#respond Tue, 22 Jul 2025 15:51:10 +0000 https://www.theinfostride.com/?p=462637 Nigeria is currently channeling approximately 50 percent of its national revenue into debt servicing, according to a recent report by a government-appointed presidential advisory panel. The revelation has raised serious concerns about the country’s fiscal sustainability and the implications for development funding and public services. The panel, composed of fiscal policy experts and senior economic [...]

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]]> https://www.theinfostride.com/presidential-panel-reveals-nigeria-now-spends-half-of-its-revenue-on-debt-servicing/feed/ 0 Briclinks Africa reports N135.6 million revenue for Q2 2025 https://www.theinfostride.com/briclinks-africa-reports-n135-6-million-revenue-for-q2-2025/ https://www.theinfostride.com/briclinks-africa-reports-n135-6-million-revenue-for-q2-2025/#respond Mon, 21 Jul 2025 16:25:59 +0000 https://www.theinfostride.com/?p=462544 Briclinks Africa Plc has reported a total revenue of N135.6 million for the second quarter of 2025, marking a modest but significant improvement in its financial performance compared to the same period last year. This development highlights the company’s resilience and ability to maintain operational stability in Nigeria’s competitive telecommunications industry. The company, which operates [...]

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]]> https://www.theinfostride.com/briclinks-africa-reports-n135-6-million-revenue-for-q2-2025/feed/ 0 Federal Government, FIRS take tax education campaign to Ibadan https://www.theinfostride.com/federal-government-firs-take-tax-education-campaign-to-ibadan/ https://www.theinfostride.com/federal-government-firs-take-tax-education-campaign-to-ibadan/#respond Sat, 19 Jul 2025 14:37:07 +0000 https://www.theinfostride.com/?p=462381 The Federal Government, in collaboration with the Federal Inland Revenue Service (FIRS), has taken its ongoing tax sensitisation programme to Ibadan, Oyo State, as part of a national effort to enhance awareness of tax responsibilities, reforms, and benefits among Nigerians—especially those in the informal sector. The initiative, which also featured key support from the Presidential [...]

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]]> https://www.theinfostride.com/federal-government-firs-take-tax-education-campaign-to-ibadan/feed/ 0 Federal Government aims to boost GDP by ₦23 trillion through enhanced value‑added production https://www.theinfostride.com/federal-government-aims-to-boost-gdp-by-%e2%82%a623-trillion-through-enhanced-value%e2%80%91added-production/ https://www.theinfostride.com/federal-government-aims-to-boost-gdp-by-%e2%82%a623-trillion-through-enhanced-value%e2%80%91added-production/#respond Fri, 18 Jul 2025 13:27:52 +0000 https://www.theinfostride.com/?p=462308 The Federal Government has set forth a bold economic directive to raise Nigeria’s Gross Domestic Product by ₦23 trillion—or approximately 12 percent—within the span of one year. Central to this initiative is a renewed push for value addition, a strategic shift intended to transform Nigeria from a country primarily exporting raw materials into one that produces, [...]

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]]> https://www.theinfostride.com/federal-government-aims-to-boost-gdp-by-%e2%82%a623-trillion-through-enhanced-value%e2%80%91added-production/feed/ 0 PTML Customs reports N204.7 billion in revenue for the first half of the year https://www.theinfostride.com/ptml-customs-reports-n204-7-billion-in-revenue-for-the-first-half-of-the-year/ https://www.theinfostride.com/ptml-customs-reports-n204-7-billion-in-revenue-for-the-first-half-of-the-year/#respond Thu, 17 Jul 2025 16:57:37 +0000 https://www.theinfostride.com/?p=462240 The Nigeria Customs Service has declared that the Port Terminal Multi‑Purpose Limited (PTML) arm—responsible for managing operations at Apapa port—generated a total revenue of N204.7 billion during the first half of the year. The figure reflects robust activity at the port and shines a spotlight on PTML’s growing role in customs operations, trade facilitation, and port-generated [...]

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]]> https://www.theinfostride.com/ptml-customs-reports-n204-7-billion-in-revenue-for-the-first-half-of-the-year/feed/ 0