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Top Business & Finance News Headlines For Today, Wednesday, 15th November, 2023

by Ikenna Ngere
November 15, 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. NGX to shed N193bn as Union Bank delists 

Total value of shares listed on the Nigerian Exchange Limited, NGX, is to drop by N193.7 billion following the delisting of Union Bank of Nigeria, UBN Plc from the stock market… Read more

Source: https://www.vanguardngr.com/2023/11/ngx-to-shed-n193bn-as-union-bank-delists/amp/

2. Auctioneers to harness auto sector opportunities 

The Certified Institute of Auctioneers, Nigeria has urged its members to capitalise on emerging opportunities within the automobile sector as speculation mounts regarding government asset sales to support the 2024 budget… Read more

Source: https://punchng.com/auctioneers-to-harness-auto-sector-opportunities/

3. Finance Minister unveils plan for $13bn revenue from national assets 

Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun yesterday in Lagos unveiled plans to leverage the nation’s assets to generate about $13 billion annual revenue… Read more

Source: https://www.vanguardngr.com/2023/11/finance-minister-unveils-plan-for-13bn-revenue-from-national-assets/amp/

4. CNG offers opportunity for private sector partnership –FG

The Minister of Finance and Coordinating minister of the economy, Wale Edun, has said that the Federal Government’s adoption of Compressed Natural Gas offers an opportunity to private sector players… Read more

Source: https://punchng.com/cng-offers-opportunity-for-private-sector-partnership-fg/

5. Ethiopian Airlines to buy 67 Boeing jets 

Ethiopian Airlines has placed an order for 11 Boeing 787 Dreamliners and 20 737 MAX airplanes… Read more

Source: https://punchng.com/ethiopian-airlines-to-buy-67-boeing-jets/

6. Encourage local production to boost e-commerce, startup urges govt 

The founder of Oke Arin markethub, Mr Olu Jacobs, has tasked the government to ramp up local production capacity to enhance e-commerce efficiency… Read more

Source: https://punchng.com/encourage-local-production-to-boost-e-commerce-startup-urges-govt-2/

7. Shekel Mobility secures $7m seed fund 

Shekel Mobility, a Nigerian mobility-fintech startup, has secured $7m in seed funding to reshape Africa’s automotive landscape… Read more

Source: https://punchng.com/shekel-mobility-secures-7m-seed-fund/

8. Collective investment funds hit N2.1tn – SEC

The Director General of the Securities and Exchange Commission, Lamido Yuguda, has said the amount of Collective Investment Scheme funds held in custody has hit N2.1tn as of the end of October 2023 from N1.1tn at the beginning of 2020… Read more

Source: https://punchng.com/collective-investment-funds-hit-n2-1tn-sec/

9. Continuous education crucial to tax development, says CITN boss

The President of the Chartered Institute of Taxation of Nigeria, Mr Samuel Agbeluyi, has stressed the significance of ongoing education for tax professionals… Read more

Source: https://punchng.com/continuous-education-crucial-to-tax-development-says-citn-boss/

10. Tinubu eyes IDB $50bn infrastructure fund

President Bola Tinubu on Monday sought a multi-billion dollar infrastructure finance facility from the Islamic Development Bank to fund a multi-sectoral portfolio of infrastructure projects across the country.. Read more

Source: https://punchng.com/tinubu-eyes-idb-50bn-infrastructure-fund/

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