Home Financial Top Business & Finance News Headlines For Today, Wednesday, 19th April, 2023

Top Business & Finance News Headlines For Today, Wednesday, 19th April, 2023

by Ikenna Ngere
Business News

1. TotalEnergies appoints new executive director

The Board of Directors of TotalEnergies Marketing Nigeria Plc has approved the appointment of Mrs Bunmi Popoola-Mordi as an executive director… Read more

Source: https://punchng.com/totalenergies-appoints-new-executive-director/?amp

2. NOVA Merchant Bank grows profits by 107.9% to N3.5bn

NOVA Merchant Bank Limited has recorded a 107.9 per cent growth in profit before tax to N3.5 billion in the financial year ended December 2022… Read more

Source: https://www.vanguardngr.com/2023/04/nova-merchant-bank-grows-profits-by-107-9-to-n3-5bn/

3. Union Bank fined N200m for contravening CBN cryptocurrency directive

The Central Bank of Nigeria (CBN) has fined Union Bank of Nigeria (UBN) Plc for breaching its regulation on cryptocurrency trading in the country… Read more

Source: https://www.ripplesnigeria.com/union-bank-fined-n200m-for-contravening-cbn-cryptocurrency-directive/

4. GTBank loses N35.55bn in failed treasury bills, bonds investments

Guaranty Trust Bank (GTBank), a subsidiary of Guaranty Trust Holding Company (GTCO) lost N35.55 billion in failed securities investments in Ghana for the financial period of 2022, Ripples Nigeria has learnt… Read more

Source: https://www.ripplesnigeria.com/gtbank-loses-n35-55bn-in-failed-treasury-bills-bonds-investments/

5. ILO, Nigeria collaborate on trade test certifications

The International Labour has said it would be engaging the Nigerian government, workers’ unions and social partners on how migrants can get trade test certifications to enable them to get jobs easily when they travel overseas… Read more

Source: https://punchng.com/ilo-nigeria-collaborate-on-trade-test-certifications/?amp

6. Unilever Seals $2m Partnership Agreement on Plastic Waste Collection

Expressing concerns over the increasing plastic waste due to increased consumption of plastics, Unilever Nigeria and Bridges Outcomes Partnerships have entered into a $2 million US partnership to help social enterprise Wecyclers expand plastic waste collection in the country… Read more

Source: https://www.thisdaylive.com/index.php/2023/04/19/unilever-seals-2m-partnership-agreement-on-plastic-waste-collection/

7. NMDPRA urges businesses to embrace gas

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has advised businesses to take advantage of the opportunities in the gas value chain in order to forestall future uncertainties over diesel supply, among other challenges… Read more

Source: https://punchng.com/nmdpra-urges-businesses-to-embrace-gas/?amp

8. Nigerian mobile money accounts grow by 22%, says GSMA

Mobile money account ownership grew from 16 per cent in 2021 to 22 per cent in 2022, GSMA has stated… Read more

Source: https://punchng.com/nigerian-mobile-money-accounts-grow-by-22-says-gsma/?amp

9. Nigeria Produces 115m Barrels, 75% of Budget Benchmark in Q1 Amid Struggling Oil Output

Amid Nigeria’s crude oil production struggle, the country managed to drill 115 million barrels of the commodity in the first quarter of 2023, a THISDAY review of industry data has shown… Read more

Source: https://www.thisdaylive.com/index.php/2023/04/18/nigeria-produces-115m-barrels-75-of-budget-benchmark-in-q1-amid-struggling-oil-output/

10. LASACO pays N3bn to deceased Lagos workers’ relatives

Lasaco Assurance Plc said it has paid N3bn under its Group Life Assurance Policy to Lagos State employees since the commencement of the scheme in 2017… Read more

Source: https://punchng.com/lasaco-pays-n3bn-to-deceased-lagos-workers-relatives/?amp

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