Home NewsBusiness News Top Business & Finance News Headlines For Today, Wednesday, 29th March, 2023

Top Business & Finance News Headlines For Today, Wednesday, 29th March, 2023

by Ikenna Ngere

1. FG $22bn loan request rejected by Chinese bank – Reps

The House of Representatives, on Tuesday, approved the request by the Federal Government to borrow $973,474,971.38 from China Development Bank.. Read more

Source: https://punchng.com/fg-22bn-loan-request-rejected-by-chinese-bank-reps/

2. Foreign Investors’ Inflow into Stock Market Drop to N13.52bn Over Political Tension

Foreign investors inflow in stock market of the Nigerian Exchange Limited (NGX) dropped to N13.52billion between January and February 2023, attributable to political tension and high inflationary pressure.. Read more

Source: https://www.thisdaylive.com/index.php/2023/03/29/foreign-investors-inflow-into-stock-market-drop-to-n13-52bn-over-political-tension/

3. Bank Customers Groan as Maximum Lending Rate Reached 28.75% in February

Following the Central Bank of Nigeria hike in its Monetary Policy Rate, the maximum lending rate in the banking sector increased to 28.75 per cent in February, translating into high cost of borrowing by bank customers… Read more

Source: https://www.thisdaylive.com/index.php/2023/03/29/bank-customers-groan-as-maximum-lending-rate-reached-28-75-in-february/

4. Nigerian entrepreneur gets UK summit recognition

NIGERIAN entrepreneur, Melody Okwuazu, has won the outstanding entrepreneur missionary award at the United Kingdom Investors Summit 2023 held at the Parliament House of Lords in London… Read more

Source: https://punchng.com/nigerian-entrepreneur-gets-uk-summit-recognition/

5. Stanbic IBTC Receives Commendation for Sustaining Support for Agribusinesses

Sayed Farms Limited (SFL) has commended the Stanbic IBTC Bank for its sustained financial support to operators in the Nigerian agricultural sector.. Read more

Source: https://www.thisdaylive.com/index.php/2023/03/29/stanbic-ibtc-receives-commendation-for-sustaining-support-for-agribusinesses/

6. Maritime economy key to Lagos 30yrs economic plan — Employment Clinic

The Chief Executive Officer, Employment Clinic, Ronke Kosoko, has said that the maritime economy cannot be ignored if Lagos State must achieve its 30 years Economic Plan.. Read more

Source: https://www.vanguardngr.com/2023/03/maritime-economy-key-to-lagos-30yrs-economic-plan-employment-clinic/amp/

7. Unilever Nigeria appoints new ED, secretary

Unilever Nigeria has appointed a new executive director and company secretary.. Read more

Source: https://punchng.com/unilever-nigeria-appoints-new-ed-secretary/

8. Zenith Bank grows gross earnings by 24% to N946bn

Zenith Bank Plc grew its gross earnings by 24 per cent from N765.6n as of the end of 2021 financial period to N945.5bn in the corresponding period of 2022.. Read more

Source: https://punchng.com/zenith-bank-grows-gross-earnings-by-24-to-n946bn/

9. NNPCL to boost oil reserves to 50 billion barrels

The ongoing oil exploration in Nigeria’s frontier basins is to grow the country’s crude oil reserves from 37 billion barrels to 50 billion barrels, the Nigerian National Petroleum Company Limited, announced on Tuesday.. Read more

Source: https://punchng.com/nnpcl-to-boost-oil-reserves-to-50-billion-barrels/

10. Rising cyberattacks threatening digital economy – Minister

The Minister of Communications and Digital Economy, Isa Pantami, has stated that a recent spike in the number of recorded cyberattacks in Africa is threatening the growth of the continent’s digital economy… Read more

Source: https://punchng.com/rising-cyberattacks-threatening-digital-economy-minister/

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