Home NewsBusiness News Top Business & Finance News Headlines For Today, Wednesday, 15th January, 2024

Top Business & Finance News Headlines For Today, Wednesday, 15th January, 2024

by Ikenna Ngere
Business and Finance news

1. NNPCL to hand over Port Harcourt refinery to private operators

As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators… Read more

Source: https://punchng.com/nnpcl-to-hand-over-port-harcourt-refinery-to-private-operators/

2. 2024 budget offers opportunities for investors – FirstBank CEO

The Chief Executive Officer of First Bank of Nigeria, Adesola Adeduntan, has said that there are opportunities in the 2024 budget for serious players in the Nigerian economy… Read more

Source: https://punchng.com/2024-budget-offers-opportunities-for-investors-firstbank-ceo/

3. Manufacturing sector threatened as CRR rises 45.5% to N13.81trn 

As more multinational companies exit Nigeria over exchange rate volatility, economists and other Investment analysts fear that more businesses may face similar fate as the amount of banks’ deposits with the Central Bank of Nigeria (CBN) otherwise known as Cash Reserve Ratio (CRR) soared by 45.51 percent in the nine months to September 2023… Read more

Source: https://www.vanguardngr.com/2024/01/manufacturing-sector-threatened-as-crr-rises-45-5-to-n13-81trn/amp/

4. FG, stakeholders set for second phase dry season farming 

The Federal Ministry of Agriculture and Food Security under the National Agricultural Growth Scheme and Agro Pocket Programme, has met with critical stakeholders to strategise on the implementation of the second phase of the 2023/2024 dry season farming… Read more

Source: https://punchng.com/fg-stakeholders-set-for-second-phase-dry-season-farming/

5. Manufacturing trade deficit hits N9.4tn in nine months 

Nigeria’s trade balance of manufactured goods hit a deficit of N9.4tn in the first nine months of 2023, findings by Sunday PUNCH reveal… Read more

Source: https://punchng.com/manufacturing-trade-deficit-hits-n9-4tn-in-nine-months/

6. Stock market consolidates as investors reap N1.85trn 

Despite the profit taking activities experienced in mid week trading last week, the stock market ended positively with investors carting home with N1.85 trillion gains from their investment… Read more

Source: https://www.vanguardngr.com/2024/01/stock-market-consolidates-as-investors-reap-n1-85trn/amp/

7. NOVA Merchant Bank raises salaries by 50% 

NOVA Merchant Bank Limited has increased its staff salaries by 50 per cent… Read more

Sourcs: https://punchng.com/nova-merchant-bank-raises-salaries-by-50/

8. Flush out quacks, developers tell govt

Developers have called on the government to flush out developers without license to curb the deterioration of the real estate sector… Read more

Source: https://punchng.com/flush-out-quacks-developers-tell-govt/

9. Foreign investment can boost hospitality industry by 400% – Stakeholders 

Stakeholders have stated that harnessing Foreign Direct Investment in the hospitality industry can lead to a 400 per cent increase in revenue within six months… Read more

Source: https://punchng.com/foreign-investment-can-boost-hospitality-industry-by-400-stakeholders/

10. Rector seeks action against human-induced environmental degradation 

The Rector of Ekiti State Polytechnic, Ekiti State Polytechnic, Isan Ekiti, Prof. Johnson Adesodun, has canvassed the need for drastic actions against weather events to forestall humanitarian crises and catastrophes in the future… Read more

Source: https://punchng.com/rector-seeks-action-against-human-induced-environmental-degradation/

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