Home Financial Top Business & Finance News Headlines For Today, Saturday, 8th April, 2023

Top Business & Finance News Headlines For Today, Saturday, 8th April, 2023

by Tolulope Akinruli

Top 10:

1. ASSOPEP has no affiliation with pension industry — PenCom

The National Pension Commission has warned the public to be mindful of the activities of the Association of Pension Desk Practitioners of Nigeria… Read more

Source: https://punchng.com/assopep-has-no-affiliation-with-pension-industry-pencom/

2. Food prices fall 2.1% globally, sugar rises

World food prices declined for the 12th consecutive month in March, the United Nations Food and Agriculture Organisation reported on Friday… Read more

Source: https://punchng.com/food-prices-fall-2-1-globally-sugar-rises/

3. CBN tight monetary policy affecting banks’ profits, says operator

In the face of the Central Bank of Nigeria’s adoption of a hawkish monetary stance, more local lenders would pursue cross-border expansion, the CEO of Cowry Asset Management, Johnson Chukwu, has said… Read more

Source: https://punchng.com/cbn-tight-monetary-policy-affecting-banks-profits-says-operator/

4. LCCI, Providus Bank partner on entrepreneurship

The Lagos Chamber of Commerce and Industry has received sponsorship worth N10m from Providus Bank as a grant for entrepreneurship studies. The partnership is expected to continue for the next three years in the first instance… Read more

Source: https://punchng.com/lcci-providus-bank-partner-on-entrepreneurship/

5. Boosting oil exports will improve capital inflow – Ex-NBS boss

Partner and Chief Economist at KPMG Nigeria, Dr Yemi Kale, has said that boosting crude oil exports may increase the inflow of Foreign Capital Importation into Nigeria… Read more

Source: https://punchng.com/boosting-oil-exports-will-improve-capital-inflow-ex-nbs-boss/

6. NPC to spend about N3bn on census data transmission

The National Population Commission plans to spend N2.77bn on internet and connectivity for the data transmission of census data, Entrepreneurng report… Read more

Source: https://punchng.com/npc-to-spend-about-n3bn-on-census-data-transmission/

7. Suite dreams: how luxury sofa firm Maker&Son left its clients standing

On the surface, the luxury furniture brand Maker&Son seems to offer the perfect retail experience, if you can afford it. Its website shows a young woman with her eyes shut, resting on a handmade couch. A large sofa costs up to £11,000 and a deposit of almost £6,000 is needed to secure it. Products are made from “natural sustainable materials” and a plethora of five-star reviews appear from happy customers… Read more

Source: https://www.theguardian.com/business/2023/apr/08/suite-dreams-how-luxury-sofa-firm-makerson-left-its-clients-standing

8. Shock and ore: UK firms race to get in on electric car battery recycling act

When batteries die what’s left over is a mess. Devilish “black mass” is a shredded, toxic mix from the insides of battery cells that have reached the end of their useful lives… Read more

Source: https://www.theguardian.com/environment/2023/apr/08/shock-and-ore-uk-firms-race-to-get-in-on-electric-car-battery-recycling-act

9. Metro Bank risks shareholder revolt over pay increase for top bosses

Metro Bank is at risk of a shareholder rebellion over executive pay, after an influential investor advisory firm said the high street lender had failed to justify a “significant” 20% salary hike for top bosses… Read more

Source: https://www.theguardian.com/business/2023/apr/08/metro-bank-risks-shareholder-revolt-over-pay-increase-for-top-bosses

10. Co-op Bank customers threaten to quit as app goes down again and again

Customers are threatening to quit the Co-operative Bank after its mobile app stopped working for three Fridays in a row – it was down for the whole of last weekend – and then went down again within hours of the bank declaring it was fixed… Read more

Source: https://www.theguardian.com/money/2023/apr/08/co-op-bank-customers-threaten-to-quit-as-app-goes-down-again-and-again

 

 

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