Home NewsBusiness News Top Business & Finance News Headlines For Today, Wednesday, 24th May, 2023

Top Business & Finance News Headlines For Today, Wednesday, 24th May, 2023

by Ikenna Ngere

1. BREAKING: Nigeria’s GDP growth falls to 2.31% in Q1 2023

Nigeria’s Gross Domestic Product growth fell to 2.31 per cent in the first quarter of 2023 from 3.52 per cent in the fourth quarter of 2022, according to new GDP results from the National Bureau of Statistics… Read more

Source: https://punchng.com/breaking-nigerias-gdp-growth-falls-to-2-31-in-q1-2023/?amp

2. NNPC resumes oil drilling in Borno

The Nigerian National Petroleum Company Ltd has resumed an oil drilling campaign at the Wadi-B located in Jere Local Government Area of Borno State… Read more

Source: https://punchng.com/nnpc-resumes-oil-drilling-in-borno/?amp

3. CIPM celebrates International HR Day

In commemoration of the 2023 International Human Resources Day on May 20, 2023, the Chartered Institute of Personnel Management of Nigeria has organised a 4-kilometre HR Walk within Alausa Business District to celebrate professionals… Read more

Source: https://punchng.com/cipm-celebrates-international-hr-day/?amp

4. Sirika inaugurates N2bn expanded GAT in Lagos airport

The Minister of Aviation and Aerospace, Senator Hadi Sirika, on Monday, inaugurated the expansion of the first phase of the General Aviation Terminal, which costs N2.2bn… Read more

Source: https://punchng.com/sirika-inaugurates-n2bn-expanded-gat-in-lagos-airport/?amp

5. Oando, LAMATA inaugurate electric mass transit buses

Oando Clean Energy Limited, the renewable energy subsidiary of Oando, in partnership with the Lagos Metropolitan Area Transport Authority, on Tuesday, marked the formal commencement of operations of Oando’s electric mass transit buses at the Lagos Bus Services Limited Head Office, Ilupeju, Lagos… Read more

Source: https://punchng.com/oando-lamata-inaugurate-electric-mass-transit-buses/?amp

6. Aviation stakeholders seek review of 40% TSA deduction

Aviation stakeholders have called for a review of the compulsory contribution of 40 per cent of aviation agencies’ revenue to the federation account… Read more

Source: https://punchng.com/aviation-stakeholders-seek-review-of-40-tsa-deduction/?amp

7. Mastercard, CeBIH partner to curb cyber fraud

Payment solution company, Mastercard and the Committee of E-Banking Industry Heads for Nigeria have partnered to hold the first Fraud and Cyber Security Forum in Lagos, Nigeria… Read more

Source: https://punchng.com/mastercard-cebih-partner-to-curb-cyber-fraud/?amp

8. 50% of African banks to deepen tech adoption, says report

About 50 per cent of banks in Africa have revealed that adopting tech shift tops their business concerns as they look to shape the future of the banking industry and drive financial inclusion on the continent… Read more

Source: https://punchng.com/50-of-african-banks-to-deepen-tech-adoption-says-report/?amp

9. Import bill on manufactured goods falls 18.4% to N2.45trn

The value of manufactured goods imported into the country fell to N2.448 trillion in the fourth quarter ended December 31, 2022 as the government tightens the noose on importation of certain items into the country… Read more

Source: https://www.vanguardngr.com/2023/05/import-bill-on-manufactured-goods-falls-18-4-to-n2-45trn/

10. Nigeria’s energy transition may gulp $410bn 

AS Nigeria prepares to utilize natural gas as its transition fuel, there are indications that the Federal Government may have set investment amount for its Energy Transition Programme, ETP, at $410billion of which $10 billion will be spent yearly… Read more

Source: https://www.vanguardngr.com/2023/05/nigerias-energy-transition-may-gulp-410bn/

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