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Top Business & Finance News Headlines For Today, Tuesday, 13th February, 2024

by Ikenna Ngere
February 13, 2024
in Business News, Financial, News
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Key Business Stories to Watch This Week: MPC Meeting, ATM Fee Hikes, Nigeria Hits OPEC’s 1.5M BPD Oil Production and More
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1. Buhari’s reckless policies responsible for current hardship — Sanusi, Oshiomhole

AS Nigerians gnash their teeth over the economic downturn, former governor of the Central Bank of Nigeria, CBN, Dr. Lamido Sanusi; and former Edo State governor, Senator Adams Oshiomhole, have blamed the administration of former President Muhammadu Buhari for the raging economic woes… Read more

Source: https://www.vanguardngr.com/2024/02/buharis-reckless-policies-responsible-for-current-hardship-sanusi-oshiomhole/amp/

2. Access Holdings appoints Bolaji Agbede as Acting CEO

Access Holdings Plc on Monday announced the appointment of Bolaji Agbede as the Acting Group Chief Executive Officer (GCEO) of the holding company… Read more

Source: https://www.vanguardngr.com/2024/02/access-holdings-appoints-bolaji-agbede-as-acting-ceo/amp/

3. eNaira adoption surges as  value in circulation rises 302% to N10bn

The value of eNaira in circulation rose by 302 per cent in nine months to N10.26 billion at the end of September reflecting increased adoption of Africa’s Central Bank Digital currency… Read more

Source: https://www.vanguardngr.com/2024/02/enaira-adoption-surges-as-value-in-circulation-rises-302-to-n10bn/amp/

 

4. Energy transition: $575bn investment opportunities underway – MEMAN

Downstream operators have concluded plans to exploit investment opportunities worth $575 billion in the downstream sector of Nigeria’s energy industry… Read more

Source: https://www.vanguardngr.com/2024/02/energy-transition-575bn-investment-opportunities-underway-meman/amp

5. Outages: FG plans sanctions for non-performing Discos

Power distribution companies that are performing below stipulated standards in the Nigeria Electricity Supply Industry are going to lose 50 per cent of their operating expenditures, the Federal Government declared on Monday… Read more

Source: https://punchng.com/outages-fg-plans-sanctions-for-non-performing-discos/?amp

6. Wigwe: FG, US begin talks as officials test copter’s wreckage

The Federal Government on Monday confirmed it had begun talks with the government of United States of America on the ongoing investigation of a chopper crash that claimed the lives of the Group Chief Executive Officer of Access Holdings, Herbert Wigwe, and some prominent Nigerians in California, USA, on Friday… Read more

Source: https://punchng.com/wigwe-fg-us-begin-talks-as-officials-test-copters-wreckage/?amp

7. Veritas Kapital Assurance grows profit by 287%

Veritas Kapital Assurance Plc profit after tax improved by 287 per cent to N2.177bn in 2023 compared to N562.7m in the prior year… Read more

Source: https://punchng.com/veritas-kapital-assurance-grows-profit-by-287/?amp

8. Maritime operators groan as FG adjusts cargo exchange rate upward

The upward adjustment of the exchange rate for import duty by the Federal Government last week caused apprehension in the country’s maritime sector… Read more

Source: https://punchng.com/maritime-operators-groan-as-fg-adjusts-cargo-exchange-rate-upward/?amp

9. Tributes pour in for late Africa Re MD

Stakeholders in the African insurance industry have paid tribute to the immediate past Group Managing Director of African Reinsurance Corporation, Bakary Kamara… Read more

Source: https://punchng.com/tributes-pour-in-for-late-africa-re-md/?amp

10. Port workers threaten shutdown over FG planned 50% revenue slash

The Maritime Workers Union of Nigeria and Senior Staff Association of Statutory Corporations and Government Owned Companies maritime branch have issued a warning that they will close down the country’s seaports if the Federal Government proceeds with its plan to cut by 50 per cent the internally generated revenues from the Federal Government-owned enterprises especially Nigerian Ports Authority… Read more

Source: https://punchng.com/port-workers-threaten-shutdown-over-fg-planned-50-revenue-slash/?amp

 

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