Business news roundup from April 21 - April 27, 2024

Welcome to the AllNews roundup of the 5 Latest Business News that made the round last week.

Business owners tremble as FCCPC go after supermarkets, others

In recent times the Federal Competition and Consumer Protection Commission, FCCPC, has being taking several measures to protect market competition and promote consumers' right.

Allnews.ng observed that despite the appreciation of the Naira, prices of food items still remain high. Read more here.

Nigeria needs to diversify economy - IMF

The International Monetary Fund (IMF) has disclosed that Nigeria needs to diversify its economy to meet its developmental needs.

The Director of the African Department, International Monetary Fund, Abebe Aemro Selassie, made this assertion during the African Department April 2024 Press Briefing held on Friday. Read more here.

Naira abuse: Expert urges FG to prosecute treasury looters

Okechukwu Unegbu, a financial expert, has urged the Federal Government to dissipate more effort in arresting and prosecuting politicians accused of looting the treasury.

Unegbu, a past president of the Chattered Institute of Bankers of Nigeria, CIBN, gave the advice in an interview with the News Agency of Nigeria, NAN,  on Monday in Abuja. Read more here.

Unpaid tax: KADIRS seals UBA branches in Kaduna

The Kaduna Internal Revenue Service, KADIRS, on Wednesday sealed the United Bank for Africa branches in the state metropolis over alleged N14.3million unpaid tax.

This was made known by Hajiya Aysha Ahmad, the KADIRS Board Secretary/Legal Adviser, who spoke to newsmen after the exercise. Read more here

Banks recapitalization will boost economy - CIBN

The Chartered Institute of Bankers of Nigeria, CIBN, has said the ongoing banking recapitalization exercise will empower banks to lend more to the economy.

This was made known by Dr. Ken Okpara, CIBN President, yesterday while speaking at the annual lecture of the institute in Lagos, with the theme “Improving Availability of Credit in the Nigerian Real Economy: The Critical Importance of Liquidity.” Read more here.

These are the latest Business news that made trends during the week. Visit our website https://allnews.ng for more Business news around the world.