Home Financial Top Business & Finance News Headlines For Today, Monday, 8th May, 2023

Top Business & Finance News Headlines For Today, Monday, 8th May, 2023

by Ikenna Ngere
Business News

1. Tomatoes, palm oil prices soar in Enugu

Prices of some foodstuffs, particularly tomatoes, palm oil and cassava flakes, popularly known as garri, have continued to increase in Enugu’s major markets… Read more

Source: https://punchng.com/tomatoes-palm-oil-prices-soar-in-enugu/

2. El-Rufai, Soludo, others to discuss economic growth

The governors of Kaduna and Anambra states, Nasir El-Rufai and Prof. Charles Soludo, will be among the panellists who will discuss new pathways for creating a robust and resilient economic future for Nigeria at an event scheduled to hold on Tuesday… Read more

Source: https://punchng.com/el-rufai-soludo-others-to-discuss-economic-growth/

3. 80% of govt buildings unvalued – Surveyors

Surveyors have said the failure to conduct valuations of government land was having a negative impact on revenue generation in the country.. Read more

Source: https://punchng.com/80-of-govt-buildings-unvalued-surveyors/

4. NIESV counsels Nigerians on property valuation

The Nigerian Institution of Surveyors and Valuers has urged Nigerians to reduce the losses caused by poor valuations of assets, noting that asset valuation was an integral part of private and public businesses… Read more

Source: https://punchng.com/niesv-counsels-nigerians-on-property-valuation/

5. Prime Lending Rate Hits 13.97%, 25-month High on Hike in MPR

Following the over the hike in Monetary Policy Rate (MPR) to 18 per cent by the Central Bank of Nigeria (CBN), Prime lending rate in the banking sector increased to an average 13.97 per cent in March 2023 from an average 13.62 per cent in February… Read more

Source: https://www.thisdaylive.com/index.php/2023/05/08/prime-lending-rate-hits-13-97-25-month-high-on-hike-in-mpr/

6. CBN delays approval for Unity Bank, First Bank financial statements

The Central Bank of Nigeria (CBN) has still not approved the 2022 Annual Financial Statements (AFS) of Unity Bank, and First Bank of Nigeria (FBN) Holdings and the lenders have been unable to finalise the earnings report… Read more

Source: https://www.ripplesnigeria.com/cbn-delays-approval-for-unity-bank-first-bank-financial-statements/

7. Why Nigerian Breweries, Access Holdings, MTN Nigeria are stocks to watch this week

Nigerian Breweries, Access Holdings and MTN Nigeria are stocks to watch out for this week, as the Nigerian bourse resumes for another trading week… Read more

Source:  https://www.ripplesnigeria.com/why-nigerian-breweries-access-holdings-mtn-nigeria-are-stocks-to-watch-this-week/

8. FSIN: Nigeria, Four Others Represent 40% of Countries Facing Acute Food Insecurity

The Food Security Information Network (FSIN) has stated that 40 per cent of the populations in IPC/CH phase 3 or above reside in Nigeria, Afghanistan, the Democratic Republic of the Congo, Ethiopia and Yemen.. Read more

Source: https://www.thisdaylive.com/index.php/2023/05/08/fsin-nigeria-four-others-represent-40-of-countries-facing-acute-food-insecurity/

9. Firm urges govt to subsidise mortgage

The Founding Partner of Diya, Fatimilehin & Co, Gboyega Fatimilehin, has advised the government to subsidise mortgages in the country in order to address its housing gap… Read more

Source: https://punchng.com/firm-urges-govt-to-subsidise-mortgage/

10. Rainoil GMD advises entrepreneurs on funding

The Group Managing Director of RainOil, Gabriel Ogbechie, has advises entrepreneurs on getting funding for their businesses as well as having knowledge of the business that they want to do… Read more

Source: https://punchng.com/rainoil-gmd-advises-entrepreneurs-on-funding/

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