1. FG unveils barite processing plant, plans import ban
In an effort to ban the importation of barite and promote its local production, the Federal Government, through the Ministry of Mines and Steel Development, has commissioned a barite processing plant in Cross River State… Read more
Source: https://punchng.com/fg-unveils-barite-processing-plant-plans-import-ban/
2. Lekki Port to improve ports operations
The management of the Lekki Deep Seaport has said that the port will serve as a trans-shipment port for cargoes going to eastern ports. The Chief Commercial Officer of Lekki Freeport Terminal, Kehinde Olubi-Neye, said this while addressing journalists during a recent tour of the port facility… Read more
Source: https://punchng.com/lekki-port-to-improve-ports-operations/
3. GTCO shareholders approve N91bn dividend
Shareholders of Guaranty Trust Holding Company Plc, have endorsed payment of a total dividend of N91.24Bn, representing N3.10 per share for the financial year ended December 31, 2022… Read more
Source: https://punchng.com/gtco-shareholders-approve-n91bn-dividend/
4. Govt constitutes offences tribunal on illegal advertising
The Federal Government has constituted the Advertising Offences Tribunal and appointed a chairman and four other members to adjudicate over offences created under the Advertising Regulatory Council of Nigeria Act No.23 of 2022, Code of Advertising Practice, Standard of Practice, Proclamation, and other relevant enactments made pursuant to the Act… Read more
Source: https://punchng.com/govt-constitutes-offences-tribunal-on-illegal-advertising/
5. From dealing with Musk to fixing Twitter Blue: what’s in the next CEO’s in-tray?
Elon Musk has described it as a “painful” job that anyone would be “foolish” to accept. But Twitter’s current chief executive has found a willing person to take his place… Read more
6. The law is finally catching up’: the union contract fight at Starbucks
Senator Bernie Sanders accused Starbucks of running “the most aggressive and illegal union-busting campaign in the modern history of our country” when the coffee chain’s founder and former CEO, Howard Schultz, testified in front of a Senate committee in March… Read more
Source: https://www.theguardian.com/business/2023/may/12/starbucks-union-busting-nlrb-contract
7. We won’t be able to pay this much’: UK interest rate hike hits home
When Rob, 35, from Trowbridge in Wiltshire, and his wife bought their first home for £375,000 in 2021, they were unable to imagine that 18 months later the Bank of England would have raised interest rates to 4.5% – their highest point since 2008… Read more
Source: https://www.theguardian.com/money/2023/may/uk-interest-rate-hike-homeowners-remortgage
8. Adidas plans not to destroy unsold Yeezy stock but sell it off for charity
Adidas has said it will not destroy the unsold merchandise from its defunct Yeezy partnership with Kanye West and will instead try to sell the stock and donate some money to those harmed by the rapper’s comments… Read more
9. US inflation beat forecasts in April but remained high at 4.9%
The price of goods and services in the US remained stubbornly high in April, rising 4.9.% from a year ago, the labor department reported on Wednesday… Read more
Source: https://www.theguardian.com/business/2023/may/10/us-inflation-rate-april-2023
10. Barite Processing Plant in C’River game changer for mining, oil sectors – Adegbite
ABUJA-THE Minister of Mines and Steel Development, Arc Olamilekan Adegbite, has expressed confidence that the commissioning of the Barite Processing Plant in Ugaga, Cross River State, is a game changer for the solid minerals and oil sectors of the economy… Read more
