sales

Huawei Says ‘Survival’ Top Priority As Sales Fall Short

January 1, 2020 2:58 pm

Chinese telecommunications giant Huawei said Tuesday that “survival” was its top priority after announcing 2019 sales were expected to fall short of projections as a result of US sanctions.

Huawei, a global leader in telecom networking equipment has been effectively banned by the United States from working with American firms on the grounds that it poses a national security threat -– an accusation the company has consistently denied.

Chairman Eric Xu said Huawei’s sales revenue for 2019 was likely to reach 850 billion yuan (US$121 billion) — up roughly 18 percent from the previous year.

Though he said “business remains …

Pos: Fuel Stations To Charge ₦50 On Sales From Dec 1

November 26, 2019 3:48 am

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that beginning from December 1, 2019, a fee of ₦50 will be charged on all Point of Sale (PoS) transactions from ₦1,000 at petrol stations. IPMAN, which members own 19,000 out of the 25,000 registered filling stations said this in an advertorial published on Monday, saying it was based on a directive of “the Central Bank of Nigeria (CBN) dated 17th September, 2019, to all commercial banks that charges of taxes and duties be imposed on all electronic transactions.

“In view of the foregoing, the general public should please note …

NNPC reports $226m oil revenue drop in June

NNPC records ₦174.63b petroleum products sales in March

June 9, 2019 2:08 pm

The Nigerian National Petroleum Corporation (NNPC) recorded N174.62billion sale of white products in March 2019, the corporation’s Monthly Financial and Operations Report (MFOR) for March 2019 has stated.

A release on Sunday in Abuja by NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, disclosed that the March sales figure is higher than the N168.65billion recorded in February 2019.

The statement explained that the total revenue generated from the sale of white products from the period March 2018 to March 2019 stood at N2,780.79billion, with Premium Motor Spirit, otherwise called petrol contributing about 91.09 per cent or N2,533billion.…