Good morning, here are the latest top business news headlines for today Thursday, March 2021.
NBC To Contest Trademark Allegations By Rite In Court
Nigerian Bottling Company (NBC) in a press release sent to BizWatch Nigeria has disclosed that NBC is set to contest the court case filed by Rite foods Limited against the promotion of its Predator energy drink.
Rite had accused NBC of trademark infringement, saying that NBC’s energy…Read more
‘We Have Distributed ₦1.48 trillion To Agricultural Invention Beneficiaries’ – CBN
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele said that CBN has disbursed ₦1.48 trillion to beneficiaries of its agricultural interventions.
Emefiele provided a progress report of the CBN’s intervention activities…Read more
Civil Unrest: Businesses Should Prepare For More Violence, Political Disturbances
There has been an upsurge in civil unrest globally, with this unrest impacting the smooth flow of business operations. Companies have been alerted to the risks civil unrest poses, as they have been identified as one of the main political risk exposure for businesses, states Global Risk Dialogue from Allianz Global Corporate & Specialty (AGCS).
The group urged companies to address political violence risk as…Read more
CBN Disbursed 80% Of N1 Trillion Manufacturing Intervention Stimulus
The Central Bank of Nigeria, CBN, says it has disbursed N803.36 billion out of the N1 trillion stimulus fund to support manufacturers and cushion their businesses from the impact of the COVID-19 pandemic.
This represents 80 per cent of the fund according to the…Read more
Naira Gains At NAFEX Market
Nigeria’s naira to dollar exchange rate appreciated at the NAFEX market on Tuesday, March 23, 2021.
The exchange rate at the I & E window closed at N409.8 to one dollar…Read more
Lawmakers Move To Strengthen AMCON’s Loan Recovery Mandate
The Senate is considering a bill seeking to empower the Asset Management Corporation of Nigeria (AMCON) on assets recovery and to strengthen it against economic sabotage by debtors with unpaid loans of about N16 trillion.
The Asset Management Corporation of Nigeria (AMCON)…Read more
CBN To Go Tough On Banks Hoarding FX
Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), says a complaint desk has been created for customers to report deposit money banks (DMBs) hoarding forex.
He disclosed this on Tuesday during the monetary policy committee…Read more
FG Eyes ₦1.12 Trillion Investment From Highway Concessioning
The federal government (FG) says it expects a capital investment of N1.12 trillion from the new highway development management initiative (HDMI).
Babatunde Fashola, minister of works and housing, who disclosed…Read more
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