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Top Business & Finance News Headlines For Today, Monday, 1st January, 2024

by Ikenna Ngere
January 1, 2024
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. P’Harcourt refinery begins test-run, Rivers, 11 others get supply soon 

The Nigerian National Petroleum Company Limited has commenced the supply of crude oil for the test-running of the Port Harcourt Refining Company Limited, the NNPCL officials told The PUNCH on Sunday… Read more

Source: https://punchng.com/pharcourt-refinery-begins-test-run-rivers-11-others-get-supply-soon/

2. Stakeholders laud NSC over planned Nasarawa dry port 

Maritime stakeholders have lauded the Nigerian Shippers Council for the planned establishment of an Inland Dry Port in Nasarawa State… Read more

Source: https://punchng.com/stakeholders-laud-nsc-over-planned-nasarawa-dry-port/

3. FG unfaithful with promises in 2023, says NLC

The Nigeria Labour Congress has faulted the promises of the Federal Government in 2023… Read more

Source: https://punchng.com/fg-unfaithful-with-promises-in-2023-says-nlc/

4. FRSC, firm advise on responsible drinking

The Sector Commander FRSC Lagos State, Babatunde Farinloye, has said drink and driving account for a vast majority of road accidents in the country… Read more

Source: https://punchng.com/frsc-firm-advise-on-responsible-drinking/

5. Govt may revoke licences of defaulting miners – Alake 

The Minister of Solid Minerals Development, Dele Alake, has disclosed plans to revoke the mining licences of non-complying mining companies in 2024… Read more

Source: https://punchng.com/govt-may-revoke-licences-of-defaulting-miners-alake/

6. Despite visa ban, UAE firms invests $375.01m in Nigeria – NBS 

Private investors from the United Arab Emirates’ investments hit $375.01m in the country since a visa ban was placed on Nigeria in October 2022… Read more

Source: https://punchng.com/despite-visa-ban-uae-firms-invests-375-01m-in-nigeria-nbs/

7. Luxury office market will be flooded by 2026 – Report 

An Estate Intel report has projected that the Grade ‘A’ office market will witness a supply glut in Lagos because of the addition of over 100,000 square metres of office space in the next three years… Read more

Source: https://punchng.com/luxury-office-market-will-be-flooded-by-2026-report/

8. Vitafoam records N52bn revenue, highest in five years 

Vitafoam Nigeria Plc has recorded the highest revenue from its operations in the last five years… Read more

Source: https://punchng.com/vitafoam-records-n52bn-revenue-highest-in-five-years/

9. 2023: Equity investors rake N13tn, highest in history 

Amid rising insecurity, inflation, interest rate hike, foreign exchange crises and other macroeconomic challenges, as well as the uncertainty in the global economy, investors in the Nigerian stock market raked in N13.0 trillion gains in the year 2023… Read more

Source: https://www.vanguardngr.com/2024/01/2023-equity-investors-rake-n13tn-highest-in-history/amp/

10. Business activities contracted in Q3 on investors’ apathy – CBN report 

The economy contracted in the third quarter of 2023 as investors showed more apathy, the Central Bank of Nigeria disclosed in a report obtained by The PUNCH on Wednesday… Read more

Source: https://punchng.com/business-activities-contracted-in-q3-on-investors-apathy-cbn-report/

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