Home NewsBusiness News Top Business & Finance News Headlines For Today, Tuesday, 19th September, 2023

Top Business & Finance News Headlines For Today, Tuesday, 19th September, 2023

by Ikenna Ngere
Business News

1. FG opens old MMA terminal to ease flight disruptions 

The Federal Government has officially reopened the D Wing of the old international terminal at the Murtala Muhammed International Airport, Lagos… Read more

Source: https://punchng.com/fg-opens-old-mma-terminal-to-ease-flight-disruptions/

2. Nigeria servicing 108 W’Bank loans worth $14bn – Report 

Nigeria is currently servicing about $14.12bn worth of World Bank loans, according to findings by The PUNCH… Read more

Source: https://punchng.com/nigeria-servicing-108-wbank-loans-worth-14bn-report/

3. CSAdvance rebrands to CardinalStone Finance 

CardinalStone Finance, formerly known as CSAdvance, has announced its official name change, signaling its commitment to delivering enhanced financial solutions… Read more

Source: https://www.vanguardngr.com/2023/09/csadvance-rebrands-to-cardinalstone-finance/amp/

4. Forex, poor policies worsen abandoned cargo crisis 

The persistent foreign exchange scarcity in the country has adversely affected almost every facet of the economy. The forex scarcity, which has been attributed to oil theft in the Niger Delta, has significantly affected the country’s crude oil production output. Nigeria gets over 90 per cent of its forex earnings from oil sales… Read more

Source: https://punchng.com/forex-poor-policies-worsen-abandoned-cargo-crisis/

5. Nigeria in revenue crisis with huge public debt — Adedeji, new FIRS boss 

The new chairman of the Federal Inland Revenue Service, FIRS, Dr Zacch Adedeji, said yesterday the nation is in a revenue crisis and requires urgent steps to change the narrative… Read more

Source: https://www.vanguardngr.com/2023/09/nigeria-in-revenue-crisis-with-huge-public-debt-adedeji-new-firs-boss/amp/

6. No easy solution to Nigeria’s economic problems – US 

There is no quick and easy solution to Nigeria’s economic challenges, the United States Government has disclosed… Read more

Source: https://punchng.com/no-easy-solution-to-nigerias-economic-problems-us/

7. Customs to extend operations beyond Seme — Comptroller 

The Seme Area Command of the Nigeria Customs Service said its operations will soon extend beyond the Seme Border into the Benin Republic and vice versa… Read more

Source: https://punchng.com/customs-to-extend-operations-beyond-seme-comptroller/

8. Stakeholders demand CBN’s independence under Cardoso 

Capital market operators have urged the newly-nominated Central Bank of Nigeria governor, Dr Olayemi Cardoso, to maintain the independence of the apex bank for the sake of the economy… Read more

Source: https://punchng.com/stakeholders-demand-cbns-independence-under-cardoso/

9. Oil companies, agencies owe FG $9.85bn revenue – NEITI 

The Nigeria Extractive Industries Transparency Initiative, on Monday, disclosed the total unremitted revenues to the federation by some relevant government agencies and companies in the oil and gas sector in 2021 increased to over $9.85bn… Read more

Source: https://punchng.com/oil-companies-agencies-owe-fg-9-85bn-revenue-neiti/

10. Oando recovered from loss, posted N32.9bn post-tax profit in 2021 

Energy group, Oando Plc, has released its audited results for the financial period ended December 31, 2021, where it revealed that it recorded N32.9bn as profit-after-tax in contrast to a loss-after-tax of N140.7bn in 2020… Read more

Source: https://punchng.com/oando-recovered-from-loss-posted-n32-9bn-post-tax-profit-in-2021/


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