Ground Handling Companies Predict N20bn Revenue Loss     The Association of Aviation Ground Handlers (AGHAN) has predicted loss of about N20 billion for operators in the sub-sector by the end of June, due to the lockdown. The association said its members have been had hit by the...

Airtel Nigeria Records $1.37bn Revenue, 41.8m Subscribers     Airtel Nigeria reported a revenue growth of 24.1 per cent to $1.37bn in the year ended March 31, 2020, up from $1.11bn reported a year earlier. This growth, according to the company, is driven by 15.1 per cent voice...

Debt Servicing May Gulp 75% Govt Revenue By 2024   A report published by the World Bank has projected that debt servicing will take up about 75 per cent of Federal Government’s revenue by 2024. The report entitled ‘State debt management in Nigeria: Challenges and lesson learned’,...

MTN Records N329.2bn Revenue Rise     MTN Nigeria reported revenue growth of 16.7 per cent to N329.2bn in the first quarter ended March 31, 2020 compared with N282.1bn in the same period in 2019. The growth, according to the unaudited first quarter report of the company, was...

Airlines Projected Revenue Loss Increases To $314bn     The International Air Transport Association says airline passenger revenues drop has risen to $314bn as impact of COVID-19 bites harder. IATA, in its updated analysis on Tuesday, said airlines would record a 55 per cent decline in revenue compared...

Debt Service To Revenue Ratio Rises To 48%     The revision of the 2020 revenue framework has raised the Federal Government’s debt service to revenue ratio from the initial 29 per cent to 48 per cent. The Executive last Wednesday sent a revised 2020 budget proposal to...