Top Business & Finance News Headlines For Today, Wednesday, 6th December, 2023

1. NADDC urges institute to adopt technology

The Director General of the National Automotive Design and Development Council, Joseph Osanipin, has advised the Auto Sector Skills Council to incorporate advanced technology in the formulation of operational standards for auto mechatronics training in the country… Read more

Source: https://punchng.com/naddc-urges-institute-to-adopt-technology/

2. FG’s deficit spending rises 11% to N7.88trn 

The Federal Government recorded an 11 per cent, year-on-year, YoY increase in deficit spending to N7.88 trillion in seven months, from January to July, from N7.13 trillion in the corresponding period of 2022… Read more

Source: https://www.vanguardngr.com/2023/12/fgs-deficit-spending-rises-11-to-n7-88trn/amp/

3. FG secures one gigawatt solar PV manufacturing plant 

The Federal Government has signed a memorandum of understanding (M.O.U.) for the establishment of a 1 Gigawatt (GW) Solar PV Manufacturing plant in the country as part of efforts to provide reliable energy to its people.. Read more

Source: https://www.vanguardngr.com/2023/12/fg-secures-one-gigawatt-solar-pv-manufacturing-plant/amp/

4. Over 400,000 commuters use Blue Rail Line – LAMATA 

The Lagos Metropolitan Area Transport Authority revealed that over 400,000 passengers have used the Blue Rail Line as of November 29… Read more

Source: https://punchng.com/over-400000-commuters-use-blue-rail-line-lamata/

5. Purchase prices rise fastest in 2yrs – Stanbic IBTC Report 

Purchase prices rose at the fastest pace in November in almost two years driven by naira depreciation and higher costs for fuel and materials according to the Stanbic IBTC Purchasing Managers Index, PMI survey report for the month.. Read more

Source: https://www.vanguardngr.com/2023/12/purchase-prices-rise-fastest-in-2yrs-stanbic-ibtc-report/amp/

6. LCCI blames poor policy for auto industry growth decline 

The Lagos Chamber of Commerce and Industry has attributed the decline in the automotive industry’s contribution to the economy in the third quarter of this year to policy inconsistencies… Read more

Source: https://punchng.com/lcci-blames-poor-policy-for-auto-industry-growth-decline/

7. Extend BVN/NIN deadline, PoS operators tell CBN 

Stakeholders in the economy have urged the Central Bank of Nigeria to extend the deadline to enforce its new directives to banks to ensure customers link their Bank Verification Number and National Identification Number to bank accounts… Read more

Source: https://punchng.com/extend-bvn-nin-deadline-pos-operators-tell-cbn/

8. Auction: Presidential aircraft bidders get December 24 deadline 

Bidders for the Falcon 900B aircraft, a prominent member of the presidential air fleet, which has been put on sale by Nigeria Air Force, have until December 24 to submit their applications… Read more

Source: https://punchng.com/auction-presidential-aircraft-bidders-get-december-24-deadline/

9. GDP growth needs strategic interventions, policy support-Comercio Partners 

Comercio Partners, an investment bank, has said that achieving faster Gross Domestic Product, GDP growth in Nigeria requires strategic interventions, policy support and focus on sustainable growth sectors… Read more

Source: https://www.vanguardngr.com/2023/12/gdp-growth-needs-strategic-interventions-policy-support-comercio-partners/amp/

10. Equity investors gain N166bn as market rebounds 

After starting the week in the red zone, the Nigerian Exchange Limited on Tuesday, closed in the green zone with N166bn gain… Read more

Source: https://punchng.com/equity-investors-gain-n166bn-as-market-rebounds/