Breweries, professional services top chart as FG generates N393bn as CIT in Q1 2021

Breweries, professional services top chart as FG generates N393bn as CIT in Q1 2021

Breweries, professional services top chart as FG generates N393bn as CIT in Q1 2021     Revenue generated by the Federal Government of Nigeria as company income tax (CIT) in the first quarter of 2021 stood at N392.77 billion. This is according to the National Bureau of Statistics (NBS) in its recently released quarterly report on company income tax by sectors The report reflect that the sum rose by 32.82 per cent quarter-on-quarter above N295.72 billion generated in Q4 2020 and stood 32.84 per cent higher year-on-year than N295.68 billion generated in…

Read more

UBA grows Q1 2021 profit by 27%

UBA grows Q1 2021 profit by 27%

UBA grows Q1 2021 profit by 27%     The United Bank for Africa (UBA) Plc has reported double-digit growth across most of its major income lines in the first quarter of 2021. The unaudited results showed a growth of 5.5 per cent in gross earnings to close at N155.4 billion as at the end of March, 2021, up from N147.2 billion recorded in the corresponding period of 2020. The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver a 24…

Read more