Top 10: News Headlines
1. Development bank to train 200 female entrepreneurs, Entrepreneurng.com
The Development Bank of Nigeria and the Grand Africa Initiative have announced the second edition of their collaboration to train 200 young Nigerian Women in an entrepreneurship course titled “GAIN Entrepreneurship Masterclass for Women (Nigeria)”, starting in July 2022, a statement by the DBN and GAIN said on Saturday… Read more
Source: https://punchng.com/development-bank-to-train-200-female-entrepreneurs/
2. Oba Otudeko returns as First Bank’s largest shareholder
Oba Otudeko’s Honeywell Group has reportedly bought the largest shares of First Bank of Nigeria Holdings Plc in a cross deal worth N87.8 billion. The shares which Otudeko bought at N19 per unit are the largest volume of First Bank shares traded in a single day since 2012 when the stock exchange started publishing data, according to a report by Arise News… Read more
Source: https://punchng.com/oba-otudeko-returns-as-first-banks-largest-shareholder/
3. Take advantage of Ondo natural resources, commissioner urges investors
The Ondo State Government has called on investors all over the world to take advantage of numerous human and natural resources of the state to invest in the state. The government said it had an enabling business environment that can accommodate any kind of legitimate business across the local government areas of the state… Read more
Source: https://punchng.com/take-advantage-of-ondo-natural-resources-commissioner-urges-investors/
4. RevolutionPlus Property promotes innovation in real estate
News Headlines.com
RevolutionPlus Property has been driving innovation in the country’s real estate market with the introduction of groundbreaking practices. The firm, in a statement, said it had been providing housing solutions for the middle to higher economic classes for over nine years… Read more
Source: https://punchng.com/revolutionplus-property-promotes-innovation-in-real-estate/
5. Customs, transport ministry partner on trade facilitation
The Nigeria Customs Service says it is partnering with the Federal Ministry of Transportation to strategise and implement policies that will boost trade facilitation. The Ag. Comptroller-General of Customs, Adewale Adeniyi, said this in Abuja on Thursday when he hosted a team from the Federal Ministry of Transport led by its Permanent Secretary, Dr Magdalene Ajani… Read more
Source: https://punchng.com/customs-transport-ministry-partner-on-trade-facilitation/
6. Personnel costs, debt servicing exceeded govt 2022 revenue – W’Bank
The Federal Government’s spending on personnel costs and debt servicing exceeded total revenues in 2022, the World Bank has stated. It disclosed this in the June 2023 edition of the Nigeria Development Update. According to the Washington-based bank, this was the first time the Federal Government’s personnel costs and debt servicing surpassed its total revenue… Read more
Source: https://punchng.com/personnel-costs-debt-servicing-exceeded-govt-2022-revenue-wbank/
7. Bank customers get N115bn, $22.7m refund for failed transactions
The Central Bank of Nigeria has said that it received no fewer than 35,453 complaints from bank customers relating to failed transactions in the last 10 years. The apex bank said within the period, the sums of N115.45bn and over $22.7m were refunded to customers as a result of the failed transactions… Read more
Source: https://punchng.com/bank-customers-get-n115bn-22-7m-refund-for-failed-transactions/
8. Americans with student debt back at square one after supreme court ruling
Over the last few decades, the American dream has shifted for the lives of millions of Americans. What once were aspirations to own a home, start a family and lead a successful career has given way to a bigger force: paying off student debt… Read more
Source: https://www.theguardian.com/money/2023/jul/08/americans-student-debt-supreme-court-ruling
9. Zuckerberg’s ‘Twitter killer’ Threads hits 70m sign-ups in two days
Mark Zuckerberg’s “Twitter-killer” Threads has reached 70m sign-ups in less than 48 hours, as it more than doubled its growth from its first day on app stores. The new microblogging platform was launched in 100 countries this week . It immediately accumulated significant numbers of users, hitting more than 30 million within its first 24 hours, apparently making it the fastest downloaded app ever. On Friday, however, Zuckerberg announced on his Threads account that the user total had more than doubled that figure… Read more
10. World’s 722 biggest companies ‘making $1tn in windfall profits
The world’s 722 biggest companies collectively are making more than $1tn a year (£780bn) in windfall profits on the back of soaring energy prices and rising interest rates, according to research by development charities… Read more
