• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 24, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Abuja Commerce Chamber Posts N1.34bn Gross Revenue For 2023

by Mark Itsibor
2 years ago
in Business
Abuja Commerce Chamber
Share on WhatsAppShare on FacebookShare on XTelegram

Abuja Chamber of Commerce and Industry (ACCI) has declared a total revenue generation of N1.34 billion for the 2023 financial year, a 224.21 per cent increase from the N412.9 million total income that was made in 2022.

Advertisement

From that, ACCI declared a net income of N857 million which is 204.20 per cent higher than the N11.57 million net income for 2022, according to the chamber’s financial statements that were released at its 2023 annual general meeting yesterday at its Abuja complex.

In the year under review, the chamber’s assets grew from N1.678 billion in 2022 to N2.568 billion in 2023, while its liabilities also rose from N19.545 million in 2022 to N53.3 million in the year ended, September 30th, 2023.

The outgoing president of ACCI Abubakar Al-Mujtaba attributed the growth in revenue accrual to strategic engagements with local and international partners and deliberate commitment to promoting trade and commerce in the period under review.

Al-Mujtaba said to optimise the size of the property of the chamber, “We obtained the site development plan for the 31 hectares of land where the ACCI currently sits from the Development Control Department of the FCDA and successfully entered into a lease agreement on the 10 hectares of land within the ACCI premises to construct a modern shopping complex.

RELATED

Passengers Face Flight Delay As Multiple Bird Strikes Hit Air Peace Aircraft

4 Months To Yuletide: Air Peace, United Nigeria Jack Return Tickets To N677,000

11 hours ago
Equities’ Investors Lose N201bn W-o-W Amid Post-MPC Rebalancing

Broad-based Selloffs Deepen Market Losses By N2.29trn W-o-W

11 hours ago
ADVERTISEMENT

Chief Emeka Akajiugo Obegolu who steps in as the 12th elected president of the chambers promised to lead the chamber on a journey “that fortifies our foundation and steers us towards a future brimming with accomplishments, recognition, and shared prosperity.”

Obegolu said “Let us unite with optimism, determination, and a shared sense of purpose. Abuja Chamber of Commerce and Industry has an illustrious past, and together, we will script an even brighter future. I am honoured to lead as your President and eagerly anticipate collaborating with each of you to realise our collective vision of a thriving business community in Abuja.”

He bragged that ACCI has been a pillar of economic growth, a hub for trade facilitation, and an advocate for its members for the last 37 years, adding that ACCI’s commitment to excellence and service has led to setting unparalleled benchmarks within the industry.

ADVERTISEMENT

Sir Agabaidu Chukwuemeka Jideani was elected as the new director general of ACCI, while Prof Adesoji Adesugba climbed the ladder to become the first deputy president as Dr Aliyu Idi Hong was elected as the 2nd deputy president of ACCI.

 


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


SendShare10171Tweet6357Share
ADVERTISEMENT
Previous Post

FCCPC Urges Youths To Embrace Digital Innovation

Next Post

Poor Data Hinders Nigeria’s Growth, Says Tinubu

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

Passengers Face Flight Delay As Multiple Bird Strikes Hit Air Peace Aircraft
Business

4 Months To Yuletide: Air Peace, United Nigeria Jack Return Tickets To N677,000

2025/08/24
Equities’ Investors Lose N201bn W-o-W Amid Post-MPC Rebalancing
Business

Broad-based Selloffs Deepen Market Losses By N2.29trn W-o-W

2025/08/24
Presco Records N58.6bn Pre-tax Profit In Q1
Business

Presco’s Shareholders Approve N26.3bn Dividend

2025/08/24
Nigeria Leads Africa In Stablecoin Adoption with $22bn In Transactions
Business

Nigeria Leads Africa In Stablecoin Adoption with $22bn In Transactions

2025/08/24
Experts Advocate Strong Partnership, Intervention Models To Accelerate Shift To Renewable Energy
Business

Experts Advocate Strong Partnership, Intervention Models To Accelerate Shift To Renewable Energy

2025/08/24
FCMB Partners Leading Real Estate Firms On Affordable Housing
Business

FCMB Group Proposes Equity Capital Raise

2025/08/24
Leadership Conference advertisement

LATEST

BBNaija10: After Victory, Gigi Jasmine Evicted

BBNaija10: Ex-HoH Victory Evicted

Concerns As Unregulated Sexual Stimulants Flood Nigeria, Others

Airport Saga: Gov Eno Sues For Peace, Pledges Support For Ibom Air, Emmanson

BBNaija10: Mensan Becomes ‘Most Influential’ Housemate Of Week 4

JUST-IN: Benue Assembly Elects Ermberga As New Speaker

Kaduna NUJ Chairman Alabelewe Loses Wife

Banditry: Kwara Gov, Security Chiefs Visit Affected Communities

BREAKING: Benue Assembly Speaker Aondona Dajoh Resigns

Police Arrest Notorious Kidnap, Armed Robbery Kingpin, Others In Nasarawa

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.