Revenue - Intelpoint

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The South West is the only region with MSMEs reporting revenues above ₦100 million, accounting for 100% of that bracket.
While high-revenue firms cluster in the South West, the South South leads in the ₦10M–₦99.9M range, with over 50.8% share.
The North Central (30.3%) has the highest share of MSMEs earning less than ₦100,000 monthly, followed by the North East (19.6%).
The ₦200K–₦999.9K range is more evenly spread across regions, but the South West and South South consistently record stronger representation.

Flutterwave UK’s turnover rose from £0.93M in 2021 to £6.61M in 2024, showing consistent expansion.
Growth cooled from 311% in 2022 to 21% in 2024, reflecting market maturity.
The UK unit’s performance is now tied to Flutterwave’s global surge, with over $31 billion in payments processed in 2024.
The focus is shifting from rapid scaling to sustainable growth, compliance, and strengthening cross-border infrastructure.

48.8% of MSMEs earn less than ₦100,000 monthly.
19.5% report revenues between ₦100,000 and ₦199,900.
The share of businesses decreases steadily in the ₦200,000–₦999,900 bands, ranging from 9.3% to 6%.
Only 8.8% of MSMEs earn above ₦1 million monthly, with just 0.4% exceeding ₦100 million.

Meta’s revenue reached $42.3B in Q1 2025, more than triple its Q1 2018 revenue, marking a steep and sustained growth curve.
Net income surged to $16.6B, its highest in a first quarter, reflecting efficient cost structures and monetisation strategies.
The U.S. alone contributed 26.1% of this revenue, followed by Asia Pacific (15.8%) and Europe (7.4%).
The “Rest of the World” brought in over 50% of Meta’s total revenue, highlighting a growing influence from emerging markets, including Africa.

Microsoft’s revenue has grown steadily from $26.8B in Q1 2018 to $70.1B in Q1 2025, marking a 161% increase over the seven-year period.
Its net income more than tripled from $7.4B in Q1 2018 to $25.8B in Q1 2025, with consistent year-on-year growth, especially sharp increases between 2020 and 2023.
The company crossed the $50B quarterly revenue mark for the first time in Q4 2021, and hasn’t dropped below that threshold since Q1 2022.
From Q1 2023 to Q1 2025 alone, Microsoft’s net income surged by over $7.5B, signalling an era of record profitability, with each quarter surpassing $20B in profit since Q2 2023.

Key takeaways:

Revenue grew impressively from ₦27.8 billion in 2015 to ₦129.2 billion in 2024, a 364% increase.
The company recorded profitable years between 2017 and 2022, peaking at ₦1.15 billion profit in 2015.
From 2015 to 2019, the company maintained consistent single-digit growth, averaging 9% each year.
The revenue more than tripled between 2020 and 2024, reaching ₦129 billion in 2024.
Losses were recorded in 2016, 2023, and 2024.
Despite revenue more than doubling between 2022 and 2024, profitability reduced dramatically.

Key takeaways:

Revenue grew by 402% over a decade, from ₦14 billion in 2015 to ₦70 billion in 2024.
The company witnessed an extraordinary post-pandemic recovery, with 111% revenue growth in 2021.
There was a consistent strong performance from 2021-2024, with revenue more than tripling.
Transcorp Hotels recorded a profit of ₦14.9 billion in 2024, representing a 326% increase from 2015.
Despite setbacks, Transcorp Hotels’ performance improved notably from 2021 onward, marking strong growth.

Key takeaways:

Despite a profit after tax record of ₦65.5 billion in 2024, Oando Plc recorded a negative growth rate from 2015.
The company faced significant profit losses for several years, with notable improvements in 2021 and 2024.
Profit after tax fluctuated, with a notable improvement in 2024, reaching ₦65.49 million.
The year-on-year growth rate of 148% in 2022 indicates great market positioning.
From ₦477.1 billion in 2020 to ₦4.1 trillion in 2024, Oando Plc's revenues increased by 764%.

Key Takeaways:

Okomu Oil Palm Company's revenue expanded by 1,236%, from ₦9.74 billion in 2015 to ₦130.06 billion in 2024.
Profit after tax saw a substantial increase of 1,189%, from ₦2.66 billion in 2015 to ₦34.27 billion in 2024.
The most significant profit growth took place between 2021 and 2024, with profit almost tripling during this timeframe.
Although there have been some variations in profit margins, the company has consistently realised growth annually.
The figures for revenue and profit reached their peak in 2024.
The disparity between revenue and profit after tax in 2024 is significantly greater than in earlier years.

Key Takeaways:

Dangote Sugar Refinery saw impressive growth rates of 68% in 2016 and 51% in 2024, marking periods of considerable expansion.
The company’s revenue rose from ₦101.06 billion in 2015 to ₦665.69 billion in 2024.
There were notable year-on-year fluctuations, with growth rates varying from -26% to 68%.
The period from 2020 to 2024 indicated particularly strong performance, featuring consistent positive growth.
The highest revenue allocation for the company was noted in 2024.

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