Home Financial Top Business & Finance News Headlines For Today, Wednesday, 12th April, 2023

Top Business & Finance News Headlines For Today, Wednesday, 12th April, 2023

by Ikenna Ngere
Business Today

1. IMF, COP28 President-designate call for action on climate finance

The International Monetary Fund, COP28 President-Designate and UN Special Envoy for Climate Action and Finance have called for measures needed to accelerate climate action and finance… Read more

Source: https://punchng.com/imf-cop28-president-designate-call-for-action-on-climate-finance/?amp

2. NAICOM Gives Insurers Deadline for Migration to IFRS 17 Finance Reporting Standard

The National Insurance Commission (NAICOM) has said that Insurance Managers would effect from June this year submit their annual reports and accounts based on Financial Reporting Standard (IFRS)17… Read more

Source: https://www.thisdaylive.com/index.php/2023/04/12/naicom-gives-insurers-deadline-for-migration-to-ifrs-17-finance-reporting-standard/

3. Lagos, Plateau mop up 450,000 eggs to address glut in poultry sector

The Lagos and Plateau states’ governments have facilitated the mop-up of no fewer than 450,000 eggs to address the recent egg glut in the poultry sector.. Read more

Source: https://punchng.com/lagos-plateau-mop-up-450000-eggs-to-address-glut-in-poultry-sector/?amp

4. FBNQuest Promotes Financial Literacy for Sustainable Economic Growth

In a bid to promote financial literacy amongst the younger generation, FBNQuest, the investment banking and asset management subsidiary of FBN Holdings Plc, recently collaborated with the United State Agency for International Development (USAID) Youth-Powered Ecosystem to Advance Urban Adolescent Health (YPE4AH) program designed to educate preteens and teenagers on how to preserve, save and grow money… Read more

Source: https://www.thisdaylive.com/index.php/2023/04/12/fbnquest-promotes-financial-literacy-for-sustainable-economic-growth/

5. Fuel price soars by 81% despite N6tn subsidy payment – Report

The price of Premium Motor Spirit popularly called petrol has risen by 81 per cent in the past three years, according to the National Bureau of Statistics reports analysed by our correspondent… Read more

Source: https://punchng.com/fuel-price-soars-by-81-despite-n6tn-subsidy-payment-report/?amp

6. Visa Foundation to support women Entrepreneurs in Africa

Visa Foundation announced that it expects to contribute $5 million in grants and impact investments in Africa that will support women’s participation in the digital economy… Read more

Source: https://www.thisdaylive.com/index.php/2023/04/12/visa-foundation-to-support-women-entrepreneurs-in-africa/

7. Public Debt Stock Up 4.96% to N46.25tn in Q4

The country’s total public debt stock increased by 4.96 per cent to N46.25 trillion ($103.11 billion) in the fourth quarter of last year (Q4 2022) compared to N44.06 trillion ($101.91 billion) in the preceding quarter… Read more

Source: https://www.thisdaylive.com/index.php/2023/04/12/public-debt-stock-up-4-96-to-n46-25tn-in-q4/

8. Infrastructure upgrade will boost digital payment adoption– Remita CEO

Managing Director, Remita Payment Services Limited, Deremi Atanda, has called for quality infrastructure to support the growth of digital payments in Nigeria… Read more

Source: https://punchng.com/infrastructure-upgrade-will-boost-digital-payment-adoption-remita-ceo/?amp

9. Nigeria’s economic growth will fall to 3%, says IMF

The International Monetary Fund has predicted that Nigeria’s economic growth will fall from 3.2 per cent in 2023 to 3.0 per cent in 2024… Read more

Source: https://punchng.com/nigerias-economic-growth-will-fall-to-3-says-imf/?amp

10. Mastercard to use climate-friendly cards from 2028

Mastercard has announced that all newly produced plastic payment cards will be required to be made from more sustainable materials from January 1, 2028… Read more

Source: https://punchng.com/mastercard-to-use-climate-friendly-cards-from-2028/?amp

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