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Cadbury Nigeria Plc recorded losses in 2023 and 2024 despite a 265% growth rate in revenue from 2020 to 2024
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.

In 2024, Transcorp Hotels Plc's revenue and profit grew by 69% and 138%, respectively, from a period of significant losses in 2020
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.

Oando Plc achieved a revenue increase of 412% between 2021 and 2024, while profits declined by 181% from 2022 to 2024, despite a positive profit after tax in 2024
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%.

Okomu Oil Palm Company experienced a revenue increase of 73%, with profits rising by 62% in 2024 compared to the prior year
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.

In 2024, Dangote Sugar Refinery experienced a year-on-year revenue growth of 51%
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.

Seplat Energy's revenue surged by 137%, with profits increasing by 163% in 2024 compared to 2023
Key takeaways:
  • Seplat’s revenue steadily increased from ₦112.97 billion in 2015 to ₦1.65 trillion in 2024.
  • The difference between revenue and profit after tax in 2024 is notably broader than in previous years.
  • Profitability varied over the years, with losses recorded in 2016 and 2020 but consistent recoveries during other periods.
  • The year 2024 saw the company's peak revenue (₦1.65 trillion) and profit (₦214.25 billion).

From 2011 to 2022, the highest total revenue recorded by the Nigerian government was in 2011, reaching 17.73%
Key Takeaways:
  • Nigeria's total revenue decreased from 17.73% of GDP in 2011 to 9.09% in 2022.
  • The lowest point for the country’s revenue occurred in 2016, at only 5.12% of GDP.
  • Although there has been some recovery since 2016, revenue still falls well below the levels seen before 2015.
  • The sharpest decline took place between 2011 and 2016, with revenue dropping by over 12 percentage points.
  • In 2020, during the COVID-19 pandemic, there was a significant drop to 6.52%, followed by a period of recovery.

Libya recorded the highest revenue-to-GDP ratio among African countries in 2022 with 85.78%
Key takeaways:
  • Libya's total revenue (85.78% of GDP) significantly surpassed all other African states.
  • Lesotho is noteworthy with the second-highest total revenue ratio at 48.12%.
  • Equatorial Guinea and Sao Tomé & Príncipe in Western Africa recorded total revenue of 30.79% and 25.38% respectively.
  • South Africa generated 27.74% of its GDP in revenue.
  • The top ten countries reported total revenue exceeding 28%.

From 2011 to 2022, the highest total revenue recorded by the Nigerian government was in 2011, reaching 17.73%
Key Takeaways:
  • Nigeria's total revenue decreased from 17.73% of GDP in 2011 to 9.09% in 2022.
  • The lowest point for the country’s revenue occurred in 2016, at only 5.12% of GDP.
  • Although there has been some recovery since 2016, revenue still falls well below the levels seen before 2015.
  • The sharpest decline took place between 2011 and 2016, with revenue dropping by over 12 percentage points.
  • In 2020, during the COVID-19 pandemic, there was a significant drop to 6.52%, followed by a period of recovery.

YouTube's revenue from adverts surged by more than 400% from 2017 to 2024.
- YouTube generated $7B in ad revenue in 2017, which jumped to $11B in 2018, an approximate 57% increase in just one year.
- By 2019, revenue reached $15B, reflecting steady growth as digital ad spending increased.
- Between 2020 and 2021, revenues leaped from $20B to $29B, marking a remarkable 45% year-over-year increase.
- Despite a plateau at $29B in 2022, revenue rebounded to $32B in 2023 and climbed to $36B by 2024.

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