17 results for “Revenue”
More stocks fell than rose across 17 African exchanges on Thursday, with Uganda leading index gains and Ghana the weakest, while attention shifted to Enoch Godongwana medium-term budget on 21 October and a possible R70 billion revenue windfall.
Nigeria's film industry contributed about N2.7 trillion to GDP in 2025, but the absence of auditable records on production costs, revenue and rights ownership makes it hard for investors to judge the returns on individual films, a BusinessDay investigation found.
At its annual meetings, the International Monetary Fund urged Nigeria to broaden its revenue base beyond oil and redirect subsidy savings to vulnerable households, warning that blanket energy subsidies are expensive, regressive and unsustainable.
The Federation Account Allocation Committee distributed N2.428 trillion to the Federal Government, states and local councils from N3.913 trillion gross revenue for September 2026, with Value Added Tax emerging as the states' single largest allocation source.
The three tiers of government shared N2.428 trillion for September 2026, up N90 billion from August, as gross statutory revenue rose 8.6% on higher oil receipts while VAT collections fell 2.2%.
Kenya's National Assembly has extended the reduced 8 per cent VAT rate on petroleum products for three months, forgoing about KSh81 billion in revenue to cushion consumers as crude prices rise.
The IMF says Nigeria's improving growth outlook is not easing poverty fast enough, pressing for better-targeted spending and a broader revenue base.
Federal interest payments consumed 124.2% of federal revenue in the first half of 2026, a stark illustration of how debt service is squeezing out investment.
NNPC Limited reported a 33% rise in profit after tax to N7.2 trillion for 2025, even as revenue fell 24%, with crude output at a five-year high of 1.77m bpd.
OPay's US listing filing shows lending generated 50.6% of revenue in the first half of 2026, overtaking payments, as profit reached $90.9 million.
Nigeria's 36 states and the FCT collected N2.64 trillion in PAYE taxes in 2025, a 40.3% rise, as personal income tax dominated sub-national revenue.
MTN Nigeria's half-year revenue approached N3 trillion as data sales and a wider subscriber base drove profit sharply higher, reinforcing the telecoms sector's role as a pillar of the consumer economy.
The economy expanded faster in the first half of 2026 and retained a current-account surplus, but the development lender says stronger public revenue must translate into services and jobs.
Stronger collection is narrowing the gap between the fiscal deficit and its financing.
Founders are prioritising gross margin and retention over headline growth.
Customer deposits expanded and the capital ratio remained strong, but the 2025 accounts showed that balance-sheet growth did not produce higher gross revenue.
The sharp month-on-month rebound strengthened state revenue, but comparisons with December require care because deductions and the timing of collections can move between periods.