Home Topics Revenue
The Federal Government on Tuesday unveiled the new amendment to the 6th Edition of the Broadcasting Code, stressing that it will not yield to blackmail by a segment of the stakeholders opposed to the new code.
The federal government has commenced moves to stem illegal gold exports estimated at annual revenue of up to $500 million to boost the nation’s foreign reserves.
Democratic Republic of Congo’s government has decided to suspend the value-added tax (VAT) exemption on mining companies’ imports in an effort to bolster state revenue, the budget minister said.
“We are seeing businesses accelerate the digitization of every part of their operations from manufacturing to sales to customer service,” Nadella told a conference call.
Revenue slumped 19 percent from a year ago to $683 million. Despite some modest rebound from the pandemic-induced economic slump, Twitter said that “many brands slowed or paused spend in reaction to US civil unrest” in May and June.
Microsoft on Wednesday reported rising revenues in the past quarter amid strong demand for cloud computing services from pandemic-hit businesses and consumers and big gains in its Xbox gaming operations.
The Federation Account Allocation Committee (FAAC) at the weekend shared a total of N651.184 billion as June 2020 allocation among the federal, states, local governments, and relevant agencies in the country.
Netflix shares dived on Thursday after the leading streaming entertainment service reported relatively flat quarterly profits despite rising subscriber numbers.
Seventeen states and Washington, DC have filed a lawsuit against the Trump administration’s policy that would prevent international students who are taking online courses from remaining in the US.
An NGO, the Amaka Chiwuike Uba Foundation (ACUF), has urged the Federal Government to lay emphasis on credibility and high performance of the 2020 Revised Budget as a catalyst for infrastructure development.
The House of Representatives has commenced investigations to identify and block revenue leakages that cost Nigeria in excess of $30 billion annually.
Coalition of Societies for the Rights of Older Persons in Nigeria (COSROPIN), has urged the Federal Government to strengthen policies that would transform the country into a world class tourist hub.
The Nigerian National Petroleum Corporation (NNPC) says its target to grow the nation’s reserve to 40 billion barrels by the year 2023.
Facebook on Monday rejected calls from the Australian government and news companies that it share advertising revenue with the media, suggesting it would rather cut news content from its platform.
Google rescinded offers to more than 2,000 contract and temporary workers in an effort to curtail new spending as the pandemic continues to sink ad revenue, according to The New York Times.
Against the backdrop of the challenges posed by the COVID-19 pandemic, the National Lottery Regulatory Commission, NLRC, has said the Federal Government would do all it takes to ensure the Sports Betting sub-sector of the Nigerian Gaming industry does not suffer any undue setbacks during this pandemic period.
The Special Adviser to the Edo State Governor on Media and Communication Strategy, Mr. Crusoe Osagie, has said Governor Godwin Obaseki delivers sustainable projects to better the lives of Edo people and does not go about stuffing dollars in babariga, like the Kano State Governor, Abdullahi Ganduje.
Malam Shehu Sani, who represented Kaduna Central in the Senate from 2015 to 2019, has called on the Kaduna state government and security agencies to seek out better strategies toward ending killings in the state.
Governor David Umahi of Ebonyi State, Friday, called on President Muhammadu Buhari to increase funding and logistics to the Nigeria Army, rather than contemplating sacking the Service Chiefs.
China sentenced another Canadian to death on drugs charges Friday, the second in two days to be handed the punishment, as tensions soar between Beijing and Ottawa.
Fifteen passengers and a pilot have been reported dead after an Air India Express flight skidded off the runway at Calicut international airport in Kerala.
Rivers State Governor, Chief Nyesom Wike, has condemned the crisis in the Edo State House of Assembly stating that the Peoples Democratic Party, PDP, would resist any attempt by the All Progressives Congress, APC, in the state to rig the election.
The African Action Congress (AAC) said it would take legal action against Independent National Electoral Commission (INEC) for replacing the name of its Ondo deputy governorship candidate with an unknown one.
The Chairman, Senate Committee on National Security and Intelligence, Ibrahim Abdullahi Gobir, has called for a thorough investigation to ascertain the role being played by some traditional rulers in aggravating security situation in their domains.
The Nigeria Labour Congress has rejected the recent sacking of 100 pilots by Air Peace, 69 Pilots by Bristow Helicopters and National Union of Air Transport Employees union executives working with Turkish Air.
Nigeria’s telecoms company, 9mobile, has announced the launch of embedded subscriber identity module (eSIM) on its network. eSIM is a software-based digital chip that comes along with a device directly embedded by the manufacturer. eSIM replaces the traditional physical plastic SIM card for compatible devices and brings a whole new spectrum of benefits and possibilities.