Good morning, here are the latest top business news headlines for today Thursday, July 2021.
NGX Admits GTB Holdco, List Shares
Nigerian Exchange Limited (NGX) on Tuesday admitted and listed the shares of Guaranty Trust Bank Plc (GTBank) as it successfully transited into a Holding Company (Holdco) structure.
This means that GT Bank Plc will now be referred to as…Read more
Alpha Mead Unveils Building Maintenance App
A subsidiary of Alpha Mead Group, Alpha Mead Facilities, has launched a building maintenance app called Call2Fix, which connects artisans with customers.
The Group Managing Director of Alpha Mead, Femi Akintunde, described…Read more
Nigeria’s Business Environment Is Supportive And Hospitable To Serious Investors – Elumelu
The Chairman of United Bank for Africa Plc, Tony Elumelu, has stated that the Nigerian business environment is “supportive and hospitable” to any serious-minded investor.
Elumelu made the remark at an investment forum hosted by…Read more
Nigeria Should Move Away From So-Called Youth Empowerment To Youth Investment – Adesina
Proffering solutions aimed at developing the Nigerian socio-economic space, the President of African Development Bank (AfDB), Dr. Akinwumi Adesina, has said that youth empowerment initiatives should be substituted with youth investment.
He said this while delivering a speech at the convocation programme of…Read more
Review Charges On Imported Petrol, Osinbajo Tells NPA
The Nigerian Ports Authority (NPA) has been directed by Vice President Yemi Osinbajo to review its charges on imported petrol.
Osinbajo gave the directive on Monday in Abuja at the…Read more
N15tn InfraCo Attracting Investors, Begins Operation Q3 – Emefiele
A lot of private investment companies are showing interest in the N15 trillion Infrastructure Company Limited (InfraCo) that will begin operation in the third quarter of the year, the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said.
Emefiele disclosed this while delivering a goodwill message at…Read more
ABCON Urges Govt To Bridge Wide Gap In Exchange Rates
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for realistic measures to bridge the wide margin between the official and parallel market exchange rates.
ABCON pointed out that the manufacturing sector source for…Read more
Only 7% Of Nigerian Adults Have Pension Accounts – Report
A recently-released report by Enhancing Financial Innovation & Access (EFInA) showed that the number of Nigerians with pension accounts was 7 percent.
In its survey, it found that 18 million uninsured Nigerian adults showed…Read more
Elimination Of Fuel Subsidy Will Improve Nigeria’s Finances– AfDB
Elimination of fuel subsidies, recovery in crude oil prices and an increase in the Value Added Tax (VAT) rate to 7.5 per cent will ease fiscal pressures on Nigeria economy, according to the Director-General, Nigeria Country Office of African Development Bank (AfDB), Mr Lamin Barrow.
Barrow said this while representing the AfDB President, Dr Akinwumi Adesina, during an…Read more
BPE To Concession 36 Projects In 2021
The Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh, has stated that the agency has penned down over 36 projects and transactions for concessioning this year across diverse sectors of the economy, including the power sector.
Okoh disclosed that among the projects listed are two…Read more
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