RateCaptain
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

NBS Reports N715 Million Revenue for Nigerian Railway Corporation in Q3 2022

Rate Captain by Rate Captain
April 18, 2023
in Economy
Reading Time: 1 min read
A A
0
NBS Reports N715 Million Revenue for Nigerian Railway Corporation in Q3 2022
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

According to the latest Rail Transportation Data for Q3 and Q4 2022 released by the National Bureau of Statistics (NBS), the Nigerian Railway Corporation (NRC) generated N715.09 million from passengers in Q3 2022, a 60.52% decrease from the N1.81 billion generated in Q3 2021.

The NBS report also revealed that N101.84 million was collected in Q3 2022 as revenue from goods/cargos, a 7.04% drop from the N109.56 million collected in Q3 2021.

AlsoRead

Controversy Takes Flight: Aviation Firms Slam Minister’s Rushed Plans for Nigeria Air.

Manufacturing Sector at Risk: Will Interest Rate Hike Fuel Nigeria’s Recession?

Telecom Operators Blame Communications Minister for Telecom Debt Crisis

Other receipts, however, grew by 707.31% in Q3 2022, compared to the N14.61 million recorded in Q3 2021. Despite the decrease in passenger and goods revenue, the number of passengers increased by 18.36% annually. In Q4 2022, the NRC generated revenue of N1.15 billion from passengers, indicating a decrease of 39.54% from Q4 2021, while revenue from goods increased by 63.56% to N157.23 million.

The number of passengers also increased by 30.10% from 1.03 million persons in Q4 2021 to 1.34 million persons in Q4 2022, but the volume of goods transported decreased by 1.50% in Q4 2022.

Previous Post

The Chinese Government Denies Allegations of Funding Terrorism in Nigeria

Next Post

Aviation Workers’ Strike: Passengers Stranded as Flights Grounded

Related News

Controversy Takes Flight: Aviation Firms Slam Minister’s Rushed Plans for Nigeria Air.

Controversy Takes Flight: Aviation Firms Slam Minister’s Rushed Plans for Nigeria Air.

by Rate Captain
May 26, 2023
0

The proposed national carrier, Nigeria Air, has become a topic of contention as domestic aviation firms, represented by the Airline...

Manufacturing Sector at Risk: Will Interest Rate Hike Fuel Nigeria’s Recession?

Manufacturing Sector at Risk: Will Interest Rate Hike Fuel Nigeria’s Recession?

by Rate Captain
May 26, 2023
0

The recent decision by the Central Bank of Nigeria (CBN) to raise the monetary policy rate (MPR) from 18 percent...

Telecom Operators Blame Communications Minister for Telecom Debt Crisis

Telecom Operators Blame Communications Minister for Telecom Debt Crisis

by Rate Captain
May 26, 2023
0

The telecommunications industry players have accused the Minister of Communications and Digital Economy, Prof. Isa Pantami, of being responsible for...

IMF Approves $3 Billion Bailout for Ghana, Boosting Investor Confidence.

IMF Urges Incoming Government to Boost Nigeria’s Revenue and Reduce Debt Dependency.

by Rate Captain
May 26, 2023
0

In a virtual forum discussing Nigeria's debt situation, the International Monetary Fund (IMF) has called upon the incoming government led...

Next Post
Aviation Workers’ Strike: Passengers Stranded as Flights Grounded

Aviation Workers' Strike: Passengers Stranded as Flights Grounded

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Canada Expedites Family Reunification Process, Contrasting UK’s Immigration Policy

Canada Expedites Family Reunification Process, Contrasting UK’s Immigration Policy

May 27, 2023
CBN Excludes NSPMC from Approved Cheque Printers.

Nigerian Senate Amends CBN Act and Extends Supplementary Budget Implementation

May 27, 2023

Popular Story

  • Apple’s Market Cap Surpasses the Entire UK Stock Market: A Phenomenon Worth Examining

    Apple’s Market Cap Surpasses the Entire UK Stock Market: A Phenomenon Worth Examining

    0 shares
    Share 0 Tweet 0
  • Nigeria Hopes to Supply More LNG to Europe Next Winter

    0 shares
    Share 0 Tweet 0
  • MainOne Graduate Trainee Program now open to Nigerian applicants.

    0 shares
    Share 0 Tweet 0
  • Telecom Operators Blame Communications Minister for Telecom Debt Crisis

    0 shares
    Share 0 Tweet 0
  • Nigerian Senate Amends CBN Act and Extends Supplementary Budget Implementation

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

?>