Morocco’s Tourism Reports $10.5 Billion revenue in 2023

Posted by - February 5, 2024

Morocco announced that the country received 14.5 million tourists in 2023, resulting in a tourism revenue surge of MAD 104.6 ($10.5 billion), an increase of 34 percent compared with 2022, the kingdom’s Ministry of Tourism, Handicrafts and Social and Solidarity Economy said recently. The office stated in a report released recently that, in comparison to

Tullow Oil to announce $700m revenue for first-half of 2021

Posted by - July 14, 2021

Tullow Oil PLC has announced an excellent operational and financial progress for the first half of the year as revenue is expected to hit $700 million with a realised oil price of $58 per barrel. This is because its production fields in West Africa are performing well and have successfully started its drilling programme in

Guinness Nigeria Grows Revenue to N72bn in Six Months

Posted by - February 15, 2021

Guinness Nigeria Grows Revenue to N72bn in Six Months one of the leading beverage and alcohol companies in Nigeria and a subsidiary of Diageo Plc, has reported a growth of N72.351 billion for the half year ended December 31, 2020, showing an increase of 5.9 per cent compared with N68.327 billion in the corresponding of

Zoom profit skyrockets 3,300% on remote work trend

Posted by - September 2, 2020

Zoom’s (ZM) revenue surged more than 350% in the second quarter, and profits rocketed by nearly 10 times as much, as companies signed up for the video conferencing app to connect staff working from home during the pandemic. The California-based video communication service provider reported a net profit of $185.7 million for the quarter through

Lenovo Group Announces Group Revenue for First Quarter

Posted by - August 21, 2019

Lenovo Group announced group revenue in the first quarter reached US$12.5 billion, the eighth consecutive quarter of growth. Pre-tax income more than doubled year-on-year, growing by US$127 million to reach US$240 million. Net income also more than doubled, up US$85 million to US$162 million. Basic earnings per share for the first quarter were 1.37 US

Kwara Revenue Agency Generates N16bn in Six Months

Posted by - July 15, 2019

The Kwara State Government said it generated the sum of N16.139 billion as internally generated revenue (IGR) in the first half of 2019. Speaking with journalists at a quarterly media briefing of the State Internal Revenue Service (KWIRS) in Ilorin, recently, the executive chairman of the agency, Professor Muritala Awodun, said that a total sum

Flour Mills Targets N1.2trn Revenue in Five Years

Posted by - July 3, 2019

The management of Flour Mills of Nigeria Plc has assured trade partners of plan to double the company’ production capacity in the next five years. The company also outlined an ambitious business plan for the next five years. Group Managing Director of the company, Paul Gbededo, told stakeholders, including distributors at the 2019 Distributor’ Award

Vodacom group revenue up 4.3% to R90.1bn in year to March

Posted by - May 13, 2019

Mobile phone company Vodacom announced recently its service revenue rose five percent to R74.2 billion in the year ended March, while group revenue was up 4.3 percent to R90.1 billion. Vodacom, which concluded a R16.4 billion broad-based black economic empowerment (BEE) ownership deal in September, the largest of its kind in the ICT sector, said

Huawei revenue grows 39% to $27bn in Q1

Posted by - April 22, 2019

Huawei Technologies announced recently that its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm’s first-ever quarterly results. The Shenzhen-based firm, the world’s biggest telecoms equipment maker, also added its net profit margin was around 8 percent for the quarter, which it said was slightly higher than the

FIRS announced partnering NLRC on VAT automation to boost revenue

Posted by - April 8, 2019

The Federal Inland Revenue Service (FIRS), has revealed that it is partnering the National Lottery Regulatory Commission (NLRC) on Value Added Tax (VAT) payment automation for the lottery and gaming sector to boost revenue generation. FIRS Boss, Dr Babatunde Fowler, recently said that the agency would deploy technology to make tax payment all inclusive and