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Top Business & Finance News Headlines For Today, Tuesday, 7th November, 2023

by Ikenna Ngere
November 7, 2023
in Business News, Financial, News
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Key Business Stories to Watch This Week: MPC Meeting, ATM Fee Hikes, Nigeria Hits OPEC’s 1.5M BPD Oil Production and More
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1. Focus on solid minerals to boost revenue, ASHON tells FG

The Chairman, Association of Securities Dealing Houses of Nigeria, Sam Onukwue, has urged the Federal Government to focus on the solid mineral sector as it can provide much-needed revenue and protect the same revenue from going into private pockets… Read more

Source: https://punchng.com/focus-on-solid-minerals-to-boost-revenue-ashon-tells-fg/

2. Intervene in ports cargo evacuation, Tinubu urges African leaders 

The Federal Government has called for interventions in the aspect of cargo evacuation in African Ports… Read more

Source: https://punchng.com/intervene-in-ports-cargo-evacuation-tinubu-urges-african-leaders/

3. Creative sector can boost Nigeria’s GDP by $100bn – US 

Nigeria’s creative industry has the potential to become the country’s largest export sector and create an estimated $100bn to Nigeria’s GDP by 2030… Read more

Source: https://punchng.com/creative-sector-can-boost-nigerias-gdp-by-100bn-us/

4. OGIRS launches enforcement drive to recover outstanding revenues

The Ogun State Internal Revenue Service has initiated a comprehensive enforcement exercise targeting all revenue streams to recover outstanding tax liabilities and boost government revenue… Read more

Source: https://punchng.com/ogirs-launches-enforcement-drive-to-recover-outstanding-revenues/

5. Nigerian govt targets $2.5tn trade, 350m jobs from blue economy 

The proper harnessing of the potential of the Blue Economy will result in the generation of 350 million jobs and trade, valued at $2.5trillion annually, globally… Read more

Source: https://www.ripplesnigeria.com/nigerian-govt-targets-2-5tn-trade-350m-jobs-from-blue-economy/?amp

6. Converting to CNG-powered vehicles portends danger, expert warns Nigeria to learn from China’s mistake

As the Nigerian govt and Nigerians move to alleviate the negative effects of fuel subsidy removal by looking towards CNG-powered vehicles as an alternative, an expert has called for a second thought on the move… Read more

Source: https://www.ripplesnigeria.com/converting-to-cng-powered-vehicles-portends-danger-expert-warns-nigeria-to-learn-from-chinas-mistake/?amp

7. Tinubu, drive domestic refining, end imports 

RECENT moves in the downstream oil sector highlight Nigeria’s paradox of misery amid enormous endowment. While the Nigerian National Petroleum Company Limited pledged six million barrels of crude to the Dangote Refinery by December, five other smaller domestic refiners lamented their inability to commence production… Read more

Source: https://punchng.com/tinubu-drive-domestic-refining-end-imports/

8. BDC operators caution currency speculators as naira gains 

The Association of Bureau de Change Operators of Nigeria has warned currency speculators to be wary as the Naira strengthens further against the United States of American dollar… Read more

Source: https://punchng.com/bdc-operators-caution-currency-speculators-as-naira-gains/

9. CBN’s lending to banks rises 466 % to N268bn 

Banks’ borrowings from the Standing Lending Facility (SLF) of the Central Bank of Nigeria (CBN) increased year-on-year (YoY) by 466 percent to N268.3 billion as at end of October 2023 from N47.35 billion as at October 2022 reflecting the increase in currency outside banks… Read more

Source: https://www.vanguardngr.com/2023/11/cbns-lending-to-banks-rises-466-to-n268bn/amp/

10. FG’s non-compliance with laws on pension administration, violation of rights of pensioners

THERE are two categories of Federal Government (FG) pensioners today. The first category are those drawing pension under the old Defined Benefits Scheme (DBS)… Read more

Source: https://www.vanguardngr.com/2023/11/fgs-non-compliance-laws-on-pension-administration-violation-of-rights-of-pensioners/amp/

Tags: Finance News HeadlinesTop Business News
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