Home NewsBusiness News Top Business & Finance News Headlines For Today, Saturday, 29th April, 2023

Top Business & Finance News Headlines For Today, Saturday, 29th April, 2023

by Tolulope Akinruli

Top 10:

1. ENDSARS: Firm prioritises job creation at reopening

According to an Entrepreneurng report, a Quick Service Restaurant brand, Bukka Hut Restaurant, has said the reopening of one of its restaurants, which was closed down during the 2020 ENDSARS protest will create more job opportunities… Read more

Source: https://punchng.com/endsars-firm-prioritises-job-creation-at-reopening/

2. FG, Lagos disagree over Banana Island building collapse

The Federal Government, through the National Inland Waterways Authority, and the Lagos State Government have divergent views over the collapsed seven-storey building in the Banana Island area of the state… Read more

Source: https://punchng.com/fg-lagos-disagree-over-banana-island-building-collapse/

3. Seplat Energy revenue rises by 36.9% amid crisis

Indigenous oil exploration company, Seplat Energy Plc, grew its revenue by 36.9 per cent to $331m in the first quarter of 2023 compared to $241.8m in the same period last year… Read more

Source: https://punchng.com/seplat-energy-revenue-rises-by-36-9-amid-crisis/

4. Zenith Bank grows gross earnings by 41%

Zenith Bank Plc grew its gross earnings by 41 per cent from N191.5bn in the first quarter of 2022 to N270bn in Q1 2023. This was disclosed in its unaudited results for the first quarter ending 31st March 2023, which was released on Friday… Read more

Source: https://punchng.com/zenith-bank-grows-gross-earnings-by-41/

5. How war in Taiwan could mean the wheels come off the UK economy

As the world struggles with the economic fallout from the Ukraine war, fears are mounting about a conflict that would be even more consequential: a Chinese invasion of Taiwan… Read more

Source: https://www.theguardian.com/business/2023/apr/29/how-war-in-taiwan-could-mean-the-wheels-come-off-the-uk-economy

6. US banking crisis: federal body prepares to put First Republic into receivership

The US Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic under receivership, Reuters reported on Friday, as the worst banking crisis since 2008 continued to hammer mid-sized US banks… Read more

Source: https://www.theguardian.com/business/2023/apr/28/fed-silicon-valley-bank-collapse-report

7. Brexit has been an utter disaster’: the royal heritage firm that can’t sell its wares abroad

With products on sale at Buckingham Palace, Westminster Abbey and museums across the country – as well as in European capitals – Jeremy Shaw, the managing director of Derbyshire-based Heritage Playing Cards, has particular reason to hope the coronation will be good for the business he set up 30 years ago… Read more

Source: https://www.theguardian.com/politics/2023/apr/29/brexit-disaster-royal-heritage-firm-buckingham-palace-playing-cards

8. Cost of visit to Hampton Court gardens goes from free to as much as £29

For those living in south London, a stroll next to the colourful flowerbeds in the grounds of Hampton Court Palace was until recently a free weekend activity all could enjoy… Read more

Source: https://www.theguardian.com/uk-news/2023/apr/29/cost-visit-hampton-court-palace-gardens-large-fees

9. Three high-profile firings cast harsh light on US TV’s workplace culture

They say three makes a trend and US television was convulsed last week by a trio of scandals and sudden sackings that cast a harsh spotlight on a too often toxic workplace culture that floods the top echelons of TV land in America as surely as the fill-in lights of a broadcast studio… Read more

Source: https://www.theguardian.com/media/2023/apr/29/us-television-workplace-culture-tucker-carlson-don-lemon-jeff-shell

10. I admire Otedola, call him Ote-dollar, Tony Elumelu douses tension on 6.3% share acquisition in Transcorp

Billionaire businessman, Femi Otedola, has been making headlines due to his recent acquisition of 6.3% shares in Transnational Corporation Plc, Transcorp, making him the second largest shareholder of the company. The development has roused the Nigerian financial market as well as caused controversy regarding the relationship between Otedola and his friend, Tony Elumelu as they struggle to control the ownership interest in Transcorp… Read more

Source: https://www.vanguardngr.com/2023/04/transcorp-share-acquisition-i-admire-otedola-call-him-ote-dollar-elumelu-douses-tensionon/

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