Home NewsBusiness News Top Business & Finance News Headlines For Today, Wednesday, 18th October, 2023

Top Business & Finance News Headlines For Today, Wednesday, 18th October, 2023

by Ikenna Ngere
Business and Finance news

1. XEjet Airline takes delivery of Bombardier CRJ200

Indigenous airline Xejet has announced taking delivery of additional Bombardier CRJ-200 with registration 5N-XEJ in its fleet expansion and business plan… Read more

Source: https://punchng.com/xejet-airline-takes-delivery-of-bombardier-crj200/

2. BPP builds capacity for procurement officers

The Bureau of Public Procurement has announced its plans to conduct a capacity-building training initiative aimed at enhancing the skills of procurement officers working within government institutions and agencies… Read more

Source: https://punchng.com/bpp-builds-capacity-for-procurement-officers/

3. Regulatory obstacles, policies stifling businesses – Operators 

They argued that though Nigeria has taken steps to improve its business environment in recent years, more can be done to intensify its efforts to enable businesses to thrive… Read more

Source: https://punchng.com/regulatory-obstacles-policies-stifling-businesses-operators/

4. Why Nigeria’s socio-economic progress is slow – NESG 

The Nigerian Economic Summit Group, NESG has Why Nigeria’s socio-economic progress is slow, citing bureaucracy and outdated systems as bottlenecks for the country’s economic progress… Read more

Source: https://www.vanguardngr.com/2023/10/why-nigerias-socio-economic-progress-is-slow-nesg/amp/

5. Shippers Council intervenes to avert ports shut down 

Following freight forwarders threat to shut port operations over the recent hike in charges by terminal operators, the Nigerian Shippers Council, NSC, yesterday intervened to find solution of the lingering crisis… Read more

Source: https://www.vanguardngr.com/2023/10/shippers-council-intervenes-to-avert-ports-shut-down/amp/

6. Electricity: Operators call for cooperation to improve supply to customers

TEN years into the partial privatisation of the power sector, operators of the Nigerian Electricity Supply Industry, NESI, have called for unity among the various segments of the value chain to improve power supply across the country… Read more

Source: https://www.vanguardngr.com/2023/10/electricity-operators-call-for-cooperation-to-improve-supply-to-customers/amp/

7. CBN to penalize banks with cheque processing errors from Nov 1st 

The Central Bank of Nigeria, CBN, said it will commence penalizing Deposit Money Banks, DMBs, whose equipment distort images and data being transmitted during cheque truncation process from November 1st 2023… Read more

Source: https://www.vanguardngr.com/2023/10/cbn-to-penalize-banks-with-cheque-processing-errors-from-nov-1st/amp/

8. FG rakes over N26bn from drivers’ licenses in 2022

The Nigerian government generated over N26.2bn from the issuance of National Drivers Licenses in 2022, The PUNCH findings has shown… Read more

Source: https://punchng.com/fg-rakes-over-n26bn-from-drivers-licenses-in-2022/

9. FG to derisk mining sector, plans security technology budget

The Federal Government, through the Solid Minerals Development Fund, is making efforts to derisk the country’s mining sector and attract investments… Read more

Source: https://punchng.com/fg-to-derisk-mining-sector-plans-security-technology-budget/

10. NGX rebounds with N158bn gain for investors

After starting the week in the reds, the Nigerian Exchange Limited rebounded and returned a profit for investors on Tuesday… Read more

Source: https://punchng.com/ngx-rebounds-with-n158bn-gain-for-investors/

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