Home Financial Top Business & Finance News Headlines For Today, Sunday, 7th May, 2023

Top Business & Finance News Headlines For Today, Sunday, 7th May, 2023

by Tolulope Akinruli

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1. Gombe agency generates N1.8bn in two years

Entrepreneurng.com, the Gombe State Geographic Information Systems has generated over N1.8 billion in revenue in two years, its Director-General, Dr Kabiru Hassan, has said… Read more

Source: https://punchng.com/gombe-agency-generates-n1-8bn-in-two-years/

2. Nigeria’s borrowing from World Bank hits $14.34bn in Q1 – Report

Nigeria’s borrowing from the World Bank has reached $14.34bn as of March 31, 2023, this was an increase from the $13.93bn debt recorded by the Debt Management Office as of December 31, 2022… Read more

Source: https://punchng.com/nigerias-borrowing-from-world-bank-hits-14-34bn-in-q1-report/

3. Insurance companies have failed SMEs – ASBON president

The President of the Association of Small Business Owners in Nigeria, Dr Femi Egbesola, in this interview with DEBORAH DAN-AWOH, speaks on the prospects of MSMEs amid the current macroeconomic shocks… Read more

Source: https://punchng.com/insurance-companies-have-failed-smes-asbon-president/

4. E-identity system vital to digital economy, says NIMC

The Director-General of the National Identity Management Commission, Aliyu Abubakar , has said in order to advance digital infrastructure and promote financial inclusion a robust and secure e-identity system is important… Read more

Source: https://punchng.com/e-identity-system-vital-to-digital-economy-says-nimc/

5. FG drives biometric tech to stop illegal mining

The Federal Government, through the Ministry of Mines and Steel Development, has stressed that biometric data capture for registered artisanal and small-scale miners will lessen the rate of illegal mining and smuggling in the country… Read more

Source: https://punchng.com/fg-drives-biometric-tech-to-stop-illegal-mining/

6. UN to mobilise N38bn for Nigeria’s agriculture sector

The United Nations is to partner the federal and state governments, as well as multilateral and unilateral donors to mobilise $83.16m (N38.3bn, at the official exchange rate of N461/$) for Nigeria’s agriculture sector development from 2023 to 2027… Read more

Source: https://punchng.com/un-to-mobilise-n38bn-for-nigerias-agriculture-sector/

7. NPA, Ondo facilitate approval for $1bn deep seaport project

The Nigerian Ports Authority (NPA) has assured that no stone will be left unturned to ensure that the $1b Ondo State Multipurpose Deep Seaport project got all necessary approval for its implementation… Read more

Source: https://guardian.ng/business-services/npa-ondo-facilitate-approval-for-1bn-deep-seaport-project/

8. Hike in cargo handling charges splits clearing agents

The increment in cargo handling charges by the Nigerian Aviation Handling Company (NAHCO) and the Skyway Aviation Handling Company Limited (SAHCOL) may have torn the clearing agents apart, as they disagree on the need for the tariff rise… Read more

Source: https://guardian.ng/business-services/hike-in-cargo-handling-charges-splits-clearing-agents/

9. Experts tasked on protecting buildings from water leakages

Building engineers, construction firms and property owners and developers have been urged to ensure that structures are protected against water leakages, cracks and other threats… Read more

Source: https://guardian.ng/business-services/experts-tasked-on-protecting-buildings-from-water-leakages/

10. Stanbic IBTC empowers women with Blue Blossom scheme

Stanbic IBTC Holdings has launched a Blue Blossom community, a gathering of women from diverse backgrounds that come together to support each other, while leveraging various benefits offered by the financial institution to meet their entrepreneurial needs… Read more

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Source: https://guardian.ng/business-services/stanbic-ibtc-empowers-women-with-blue-blossom-scheme/

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