Tag: First Quarter
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How Discos generated N293bn in first quarter
Reports on the commercial performance of distribution companies obtained from the Nigerian Electricity Regulatory Commission has shown that the power firms raked in N95.26bn as revenue collections from their various customers in January 2024.
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N-Power: Minister of Humanitarian Affairs Sadiya Farouq, reveals when 300,000 exited beneficiaries would get loans
The Federal Government, on Thursday, said that there was an exit programme for about300,000 N-Power beneficiaries to get loans from the Central Bank of Nigeria, CBN. The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajia Sadiya Umar Farouk, made the revelation during the weekly ministerial media briefing organized by the Presidential Communications Team,…
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Nigeria’s GDP records 0.51% growth in 2021 first quarter
Nigeria’s Gross Domestic Product (GDP) has recorded a growth of 0.51 per cent (year-on-year) in real terms in the first quarter of 2021. The National Bureau of Statistics (NBS) disclosed this in the latest Nigerian Gross Domestic Product Report released on Sunday. It noted that the new figure represented two consecutive quarters of growth following…
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United Capital announces 67% growth in profit after tax for first quarter
United Capital Plc (“United Capital” or “The Group”), Nigeria’s leading investment bank and a foremost Pan-African financial and investment services group, announced its Unaudited Financial Statements for the period ended March 31, 2021 on April 28th, 2021, showing a Revenue of N3.12Billion, and Profit Before Tax of N1.97 Billion while delivering an Earnings Per Share…
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NIMASA to release Nigeria Maritime Industry Forecast by first quarter 2018 – Dakuku
As part of the initiative to reposition the maritime sector for greater efficiency in line with International best practices, the Nigerian Maritime Administration and Safety Agency (NIMASA) will release the empirical forecast that will determine the outlook of the industry in Nigeria by the first quarter of 2018. The Director General of NIMASA Dr. Dakuku…
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Osun receives lowest allocation as FG, States, LGs share N1.4trn in first quarter
…as Akwa Ibom, Osun emerge highest and lowest recipients respectively The Federal Government, the 36 states and their local government areas have so far shared N1.4 trillion from the federation account, being revenue generated in the first quarter of 2017. A breakdown by Federation Account Allocation Committee (FAAC)on Sunday in Abuja, shows that key agencies…
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Domestic flight operations decline by 67 per cent in first quarter
The Nigerian Civil Aviation Authority (NCAA) on Monday said domestic flight operations declined by 67 per cent in the first quarter of 2017, compared to the same period last year. The NCAA’s Consumer Protection Department disclosed that 10,366 flights operated in the first quarter of 2017 compared to the 15,434 flights operated in 2016 by…