• Business - Companies
  • Updated: October 01, 2022

Business News Round Up From September 26- September 30, 2022

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

Sterling Bank Restructures, Set To Change Name

After receiving shareholders’ approval on Monday to convert from core business to a holding company, Sterling Bank Plc has announced that it will take a new name.

According to a disclosure filed on the Nigerian Exchange Limited’s website, the lender will become known as Sterling Financial Holdings Company when the transition is delivered. Read more here.

CBN Grants Gabsyn Microfinance Bank License To Commence Operations

Gabysyn Microfinance Bank has announced its approval by the Central Bank of Nigeria (CBN) to operate as a Microfinance Bank in Ikorodu, Lagos.

Gabsyn MFB announces the receipt of a letter from the CBN conveying the final approval to commence operations,  Waheed Odekale, the Bank’s Managing Director, said recently. Read more here.

Quack Estate Developers Cause Of Building Collapse, Says APBM

The Association of Professional Bodies of Nigeria (APBM) has revealed that estate developers’ negligence toward quacks and charlatans has been primarily responsible for the frequent cases of building collapse.

The APBN President, Akin Oyegbola, while speaking at a recent press briefing said the increasing rate of building collapse nationwide coupled with associated loss of lives, properties and valuables, is of concern to the body and also causing fear among citizens. Read more here.

Group Collaborates With UNILAG To Reduce Production Cost For Manufacturers

The Raw Materials Research and Development Council in collaboration with the University of Lagos have said they are coming up with solutions that will reduce manufacturers’ production costs by 30 per cent.

 Prof Hussaini Ibrahim, the Director General and Chief Executive Officer, RMRDC, said this in Lagos at a press conference to announce the first international conference on additive manufacturing in Nigeria. Read more here

FG Targets $350 Million Savings, 100,00 Jobs From Sugar Production

The Phase II of the Federal Government’s 10-year National Sugar Masterplan has been approved with the goals of saving $350 million yearly and creating 100,000 new jobs.

Niyi Adebayo, the Minister of Industry, Trade and Investment, made this known to State House correspondents shortly after the weekly Federal Executive Council meeting presided over by the President, Major General Muhammadu Buhari (retd.), at the Presidential Villa, Abuja. 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




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Felicia Abisola  Olamiji
Felicia Abisola Olamiji

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