Home NewsBusiness News Top Business & Finance News Headlines For Today, Wednesday, 25th October, 2023

Top Business & Finance News Headlines For Today, Wednesday, 25th October, 2023

by Ikenna Ngere
Business Today

1. PenCom recovers N25.13bn unremitted pension contributions, penalties from employers

The National Pension Commission (PenCom) says it has recovered N25.13 billion from defaulting employers which comprises of N12.80 billion principal contributions, and N12.33 billion penalties for delayed payments… Read more

SOURCE: https://www.ripplesnigeria.com/pencom-recovers-n25-13bn-unremitted-pension-contributions-penalties-from-employers/

2. Oyedele tax reform committee‘s 20 recommendations at a glance

The Taiwo Oyedele-led Presidential Fiscal Policy and Tax Reform Committee, on Tuesday, submitted its recommendations to President Bola Ahmed Tinubu, requesting the Federal Government to make far reaching tax and fiscal policy reforms… Read more

 SOURCE: https://www.ripplesnigeria.com/oyedele-tax-reform-committees-20-recommendations-at-a-glance/

3. Obasanjo urges FG to ban Chinese Adire, train local producers

Former President Olusegun Obasanjo has urged the Federal Government to ban importation of Chinese adire into the country, to save the local market of adire fabrics from imminent “bastardisation” by the Chinese… Read more

SOURCE: https://punchng.com/obasanjo-urges-fg-to-ban-chinese-adire-train-local-producers/

4. Insecurity: Kaduna Airport resumes operation after months of suspension

Flights operation have resumed at the Hassan Usman Katsina International Airport, Kaduna, following months of suspension as result of security threat… Read more

SOURCE: https://punchng.com/insecurity-kaduna-airport-resumes-operation-after-months-of-suspension/

5. Mixed feelings on CBN’s forex ban reversal

When the Central Bank of Nigeria, precisely on the 12th of October 2023, announced that it had lifted the ban on the issuance of forex for the importation of rice, vegetable oil, and poultry products among other 43 items, many Nigerians took a deep breath of relief… Read more

SOURCE: https://punchng.com/mixed-feelings-on-cbns-forex-ban-reversal/

6. Legend Internet, CashToken reward consumers

Internet and Digital Products Consumers of Legend now have the opportunity to receive cash rewards for every purchase they make using the Legend Pay App… Read more

SOURCE: https://punchng.com/legend-internet-cashtoken-reward-consumers/

7. FG reduces port terminal charges by 33%

THE Federal Government through the Nigerian Shippers Council, NSC, yesterday reduced port terminal charges by 33 per cent from to 400 per cent to 600 per cent of storage… Read more

SOURCE: https://www.vanguardngr.com/2023/10/fg-reduces-port-terminal-charges-by-33/

8. Nigeria needs $10bn annually to fund SDGs — FG

For Nigeria to attain her Sustainable Development Goals, SDG, leaders in both private and public sectors must collaborate in the implementation of the set goals… Read more

SOURCE: https://www.vanguardngr.com/2023/10/nigeria-needs-10bn-annually-to-fund-sdgs-fg/

9. Why FG must restrict solid minerals export – MMNL boss

As Nigeria grapples to manage its mineral resources for national development, Metal Manufacturing Nigeria Limited, MMNL, has called for stricter export regulations within the country with respect to export of solid minerals in raw form…Read more

SOURCE: https://www.vanguardngr.com/2023/10/why-fg-must-restrict-solid-minerals-export-mmnl-boss/

10. Stanbic IBTC Pension offers N32m reward in FUSE Talent Hunt

Stanbic IBTC Pension Managers is set to reward young Nigerians with N32 million in the second edition of its FUSE Talent Hunt… Read more

SOURCE: https://www.vanguardngr.com/2023/10/stanbic-ibtc-pension-offers-n32m-reward-in-fuse-talent-hunt/

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