Home Financial Top Business & Finance News Headlines For Today, Wednesda, 10th May, 2023

Top Business & Finance News Headlines For Today, Wednesda, 10th May, 2023

by Ikenna Ngere
Business and Finance news

1. Eterna CEO, Nwaezeigwe, splashes millions to buy company’s shares

The Managing Director and Chief Executive Officer of Eterna Plc, Benjamin Nwaezeigwe, has acquired shares in the oil and gas company… Read more

Source: https://www.ripplesnigeria.com/eterna-ceo-nwaezeigwe-splashes-millions-to-buy-companys-shares

2. GAT operating illegally, says Bi-Courtney boss

The Chairman of Bi-Courtney Aviation Services Ltd, Dr Wale Babalakin, has stated that the General Aviation Terminal in Lagos was still operating illegally because based on the judgement of the Supreme Court, it was part of BASL’s facility… Read more

Source: https://punchng.com/gat-operating-illegally-says-bi-courtney-boss/

3. FG Urges Sub-regional Insurers to Prepare for Global Competitiveness

The federal government has tasked insurance operators across the West African sub-region to get prepared for big business opportunities in the sub region and reposition for global competitiveness already staring on their faces… Read more

Source: https://www.thisdaylive.com/index.php/2023/05/10/fg-urges-sub-regional-insurers-to-prepare-for-global-competitiveness/

4. Export proceeds rise by 40%, CBN reveals

Central Bank of Nigeria’s Governor, Mr. Godwin Emefiele, stated on Tuesday that the repatriation of export revenues into the nation increased by 40% to $5.6 billion in 2022… Read more

Source: https://www.ripplesnigeria.com/export-proceeds-rise-by-40-cbn-reveals/

5. WHO urges local partners to advance health-related SDGs

The World Health Organisation has called for local collaborations to advance health-related Social Development Goals… read more

Source: https://punchng.com/who-urges-local-partners-to-advance-health-related-sdgs/

6. Huawei showcases cutting-edge technologies for businesses

IN a bid to grow new businesses and enhance revenue profile of existing companies in Nigeria, Huawei has encouraged going concerns to embrace ’yottabyte’ era data applications… Read more

Source: https://www.vanguardngr.com/2023/05/huawei-showcases-cutting-edge-technologies-for-businesses/

7. FG, UNIDO collaborate to end ozone layer depletion

The Federal Government and the United Nations Industrial Development Organisation (UNIDO) have begun implementation of the 3rd stage of the global protocol to end use of substances that contribute to depletion of the ozone layer… Read more

Source: https://www.vanguardngr.com/2023/05/fg-unido-collaborate-to-end-ozone-layer-depletion/

8. How Nigeria, others can escape global funding squeeze —IMF

The International Monetary Fund, IMF, has outlined some major steps it expected Nigeria and other sub-Sahara African countries should take to avoid an economic meltdown that could come against the backdrop of what it calls “the Big Funding Squeeze” happening across the world economy… Read more

Source: https://www.vanguardngr.com/2023/05/how-nigeria-others-can-escape-global-funding-squeeze-imf/

9. Dwindling oil fortunes: Taxation Nigeria’s only hope — CITN

The Chartered Institute of Taxation of Nigeria (CITN) has said that taxation is Nigeria’s only hope of tackling the challenge of raising adequate revenue for development purposes worsened by dwindling revenue from oil.    President of the Chartered Institute of Taxation of Nigeria (CITN) Mr. Adesina Adedayo, stated this at the 25th Annual Tax Conference, in Abuja, yesterday…. Read more

Source: https://www.vanguardngr.com/2023/05/dwindling-oil-fortunes-taxation-nigerias-only-hope-citn/

10. Otedola fumes over Transcorp deal, Elumelu keeps mum

Billionaire businessman, Femi Otedola, on Tuesday, said his offer to buy Nigerian conglomerate, Transnational Corporation Plc, for N250bn was rejected… Read more

Source: https://punchng.com/otedola-fumes-over-transcorp-deal-elumelu-keeps-mum/

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