Ethiopian Airlines Records 29% Revenue Increase   Ethiopian Airlines’ operating revenue has jumped by 29 percent due to a surge in passenger numbers, a senior government official has said. The operating revenue jumped by 28.6% year on year to 114.6 billion birr ($3.9bn), said Wondafrash Assefa, head...

In One Year, eTranzact Grows Revenue By 59% To N18.2bn   eTranzact International Plc, a multi-application and multi-channels electronic transaction switching and payment processing platform, grew its revenue by 59 per cent to N18.62 billion, in the financial year ended December 31, 2018, up from N11.68...

NSE Records 8% Revenue Decline   The Nigerian Stock Exchange has reported an eight per cent decline in revenue for the financial year ended December 31 2018. The Chief Executive Officer, NSE, Mr Oscar Onyema, while speaking at the 58th Annual General Meeting of the Exchange in...

Govt Targets N300bn Revenue From Maritime Sector   The Federal Government has declared its intention of enabling the maritime sector to contribute over N300 billion to the national coffers, through restoration of safety and security on the waters. The Minister of Transportation, Rotimi Amaechi, who disclosed this...

Cashew Farmers, Investors Sign Pact, Target N220bn Revenue   Cashew farmers in Nigeria are entering into partnership with foreign investors in order to attract the required funding to grow the sector’s revenue to N220bn annually. Speaking under the auspices of HOMENA Agribusiness Consulting Limited at a press...

Airport Taxes, Charges Cost Airlines 38% Revenue   The multiple charges and taxes levied by airports in Nigeria and other African countries have gone up some notches, and now cost the carriers as much as 38 per cent of total earnings.The Director of African Airlines Association’s...