Home Financial Top Business & Finance News Headlines For Today, Sunday, 14th May, 2023

Top Business & Finance News Headlines For Today, Sunday, 14th May, 2023

by Tolulope Akinruli

1. Operators shun gas investments over lingering fuel subsidy

The lingering subsidy regime of the Federal Government on Premium Motor Spirit, popularly called petrol, has stalled investments in the development of Nigeria’s gas sector, major and independent oil marketers stated on Friday… Read more

Source: https://punchng.com/operators-shun-gas-investments-over-lingering-fuel-subsidy/

2.  CBN expresses commitment to forex expansion

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the banking sector was committed to expanding foreign exchange supply in the country… Read more

Source: https://punchng.com/cbn-expresses-commitment-to-forex-expansion/

3. EY tasks African bizs on global expansion

Ernst & Young West Africa has urged African businesses to expand internationally to compete globally. This was according to the Advisory Sector Leader, Government and Infrastructure, Ernst & Young West Africa, Joe Cosma, who spoke with our correspondent during the launch of the firm’s new office in Abuja… Read more

Source: https://punchng.com/ey-tasks-african-bizs-on-global-expansion/

4. Inflation forcing property owners to abandon building projects – Project manager

Project Manager and Chief Executive Officer, Cogent Properties Limited, Folajomi Ibrahim, tells FATTEH HAMID why the input of professionals in the built environment cannot be overlooked for the safety of property owners and occupants… Read more

Source: https://punchng.com/inflation-forcing-property-owners-to-abandon-building-projects-project-manager/

5. Gambling firm allegedly paid blogs to link new mothers to its online games

One of the UK’s leading gambling brands allegedly paid blogs advising new mothers to recommend its online casino games and link to its website, in a tactic that has been condemned as “predatory” by leading mental health and addiction experts… Read more

Source: https://www.theguardian.com/society/2023/may/14/gambling-firm-allegedly-paid-blogs-to-link-new-mothers-to-its-online-games

6. The UK has a PR plan masquerading as an industrial strategy

Britain does not have an industrial strategy. Rishi Sunak talks about turning the UK into a “science and technology superpower” but that’s all it is: talk. It is a PR strategy masquerading as an industrial strategy… Read more

Source: https://www.theguardian.com/business/2023/may/14/the-uk-has-a-pr-plan-masquerading-as-an-industrial-strategy

7. Why are UK food prices still rocketing and when will it stop?

It’s diabolical because if I put my prices up people are going to stop coming to my shop,” says Bally Singh, owner of Hooked Fish and Chips about the hard decisions as high energy and food costs threaten his business… Read more

Source: https://www.theguardian.com/business/2023/may/14/why-are-uk-food-prices-still-rocketing-and-when-will-it-stop

8. Losses at Gordon Ramsay restaurants narrow sharply after Covid rules eased

The restaurant group owned by celebrity chef Gordon Ramsay narrowed losses to £1m last year as sales more than tripled after Covid restrictions were eased… Read more

Source: https://www.theguardian.com/business/2023/may/14/losses-at-gordon-ramsay-restaurants-narrow-sharply-after-covid-rules-eased

9. Single-use vapes sparking surge in fires at UK waste plants

Disposable vapes are behind a dramatic rise in fires at recycling plants over the last year, raising the risk of a major blaze releasing toxic fumes and polluting air, industry experts warn… Read more

Source: https://www.theguardian.com/society/2023/may/14/single-use-vapes-sparking-surge-in-fires-at-uk-waste-plants

10. Sustainable’ pension funds accused of greenwashing over billions held in oil and gas firms

Disposable vapes are behind a dramatic rise in fires at recycling plants over the last year, raising the risk of a major blaze releasing toxic fumes and polluting air, industry experts warn… Read more

Source: https://www.theguardian.com/business/2023/may/14/sustainable-pension-funds-accused-of-greenwashing-over-billions-held-in-oil-and-gas-firms

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