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Top Business & Finance News Headlines For Today, 6th February, 2024

by Ikenna Ngere
February 6, 2024
in Business News, News
0
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. Govs rally FG to avert food crisis in states

The Governors of Kwara, Abdulrahman Abdulrazaq; Taraba, Agbu Kefas; Ondo, Lucky Aiyedatiwa; and Kogi, Ahmed Ododo, on Monday, stormed the Abuja headquarters of the Federal Ministry of Agriculture and Food Security to push for increased crop production to ensure food security in Nigeria… Read more

Source: https://punchng.com/govs-rally-fg-to-avert-food-crisis-in-states/?amp

2. Foreign investors interested in Nigeria – Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that Foreign Portfolio Investors want the country to carry out policy reforms to enable them to bring in their funds… Read more

Source: https://punchng.com/foreign-investors-interested-in-nigeria-cardoso/?amp

3. House to meet Cardoso, Edun, others over economy

The House of Representatives on Tuesday announced the commencement of the second edition of its sectoral debates/dialogue as part of its periodic policy brief series… Read more

Source: https://punchng.com/house-to-meet-cardoso-edun-others-over-economy/?amp

4. Farmers cultivate 323,000 hectares to tackle food price surge

Farmers and agro-dealers are optimistic that the cost of food items could drop in the coming months following the cultivation of about 323,000 hectares of farmlands across the country with the support of the Federal Government… Read more

Source: https://punchng.com/farmers-cultivate-323000-hectares-to-tackle-food-price-surge/?amp

5. Pharmaceutical stakeholders seek N600bn intervention fund for local manufacturing

The Federation of Nigeria Pharmaceutical Industry Associations is proposing the creation of N600bn Pharmaceutical Manufacturing Development Fund at five per cent interest over a minimum of seven to 10-year tenure… Read more

Source: https://punchng.com/pharmaceutical-stakeholders-seek-n600bn-intervention-fund-for-local-manufacturing/?amp

6. Obasanjo, Saraki seek stronger Angola-Nigeria trade ties

Former President Olusegun Obasanjo and ex-Senate President Bukola Saraki have advocated stronger trade ties between Nigeria and Angola, emphasising the need for an improved economic partnership between the two Africa leading oil producers… Read more

Source: https://punchng.com/obasanjo-saraki-seek-stronger-angola-nigeria-trade-ties/?amp

7. Ibom Air to end wet-leased aircraft operations

Following the acquisition of a brand-new Airbus A220-300 aircraft by Ibom Air, the airline has concluded plans to terminate its wet-leased aircraft operations… Read more

Source: https://www.vanguardngr.com/2024/02/ibom-air-to-end-wet-leased-aircraft-operations/amp/

8. BDAN urges banks to comply with CBN directives of FX exposures 

The Bank Directors Association of Nigeria (BDAN) has called on banks to fully comply with the recent directive of the Central Bank of Nigeria, CBN, on their maximum foreign currency exposures… Read more

Source: https://www.vanguardngr.com/2024/02/bdan-urges-banks-to-comply-with-cbn-directives-of-fx-exposures/amp/

9. IFC invests $2bn in Nigeria, says official

The Regional Vice President for Africa for the International Finance Corporation, Sergio Pimenta, has said that the investments of the institution in Nigeria were valued at $2bn and spread across different sectors… Read more

Source: https://punchng.com/ifc-invests-2bn-in-nigeria-says-official/?amp

 

10. E-payment transactions’ value rises 66% to N664.21trn in 2023

The value of electronic payment (E-payment) transactions grew by 66 percent to N664.21 trillion in 2023 from N387 trillion in 2022… Read more

Source: https://www.vanguardngr.com/2024/02/e-payment-transactions-value-rises-66-to-n664-21trn-in-2023/amp/

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