June 20, 2024/FBNQuest Research The recent communique released by the Federation Account Allocation Committee (FAAC) shows that the federation’s revenue disbursements to the three tiers of government amounted to about N1.1trn (USD728m) in June 2024 (from May 2024 revenue). May’s gross distribution represents a marginal decrease of -5% M-o-M or […]
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FBNH Confirms Appointment Of Olusegun Alebiosu as MD/CEO, lni Ebong as DMD
June 20, 2024/NGX In accordance with the Nigerian Exchange Limited (NGX) Rule Book, we hereby notify NGX and the investing public of the following appointments in our flagship subsidiary, First Bank of Nigeria Limited (“FirstBank”): 1. Appointment of substantive Managing Director/Chief Executive Officer: The Board approved the appointment of Mr. Olusegun Alebiosu […]
Agricultural Sector: A Major Drag to Q1 GDP Performance
June 20, 2024/CSL Research The agriculture sector contributed 21.07% to overall GDP and grew by 0.18%, according to the Q1 GDP report released by the National Bureau of Statistics (NBS), a significant decline from 2.1% growth and 26.11% contribution to GDP recorded in Q4 2023. The low output from the […]
