Business News Roundup For October 17 - October 31, 2021

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

CBN Releases Guidelines For eNaira

eNaira

Following the launch of the eNaira by President Muhamadu Buhari, the application for the digital currency introduced by the CBN has become available for download, with more than 5,000 downloads within hours of the launch.

This is as the apex bank released regulatory guidelines which stipulate that charges for transactions that originate from the eNaira platform will be free in the first 90 days commencing from Oct. 25. Read more here.

FBN Holdings Confirms Otedola’s Acquisition Of 5.07% Equity Stake

Barely 24 hours after denying notification of possible acquisition of shares by Femi Otedola FBN Holdings (FBNH) Plc over the weekend has confirmed that the business mogul had acquired a 5.07 percent equity stake in the company.

FBNH’s Company Secretary, Seye Kosoko, in another statement posted on the website of the Nigerian Exchange (NGX) Ltd. over the weekend affirmed that Otedola and his nominee now own a 5.07 percent equity stake in the company. Read more here.

PenCom Extends 2021 Online Verification, Enrollment Exercise For Retirees

The National Pension Commission (PenCom) has extended the online verification and enrollment exercise for 2021 retirees and prospective retirees of the Federal Government Treasury Funded Ministries, Departments and Agencies (MDAs).

The Head, Corporate Communications of PenCom, Peter Aghahowa, made the disclosure in a statement made available to newsmen on Friday in Abuja. Read more here.

Character Key In Getting Loan Guarantors, Bank Chief Tells Entrepreneurs

Managing Director, Bank of Industry (BOI), Olukayode Pitan has identified lack of guarantors as a major hindrance to accessing loans for startups by young entrepreneurs.

Pitan made the disclosure at a virtual/physical First Community Engagement Development Discussion organised by the Arthur Mbanefo Digital Research Centre (AMDRC) of the University of Lagos. Read more here.

Fraud Alert: FG Not Paying Any N80,000 Survival Fund – PDO

The Federal Government has warned Nigerians to be wary of fraudulent messages making the rounds over the purported payment of N80,000 to beneficiaries of the Survival Fund Scheme.

A statement issued in Abuja, on Saturday, by the Project Delivery Office (PDO) of the Scheme, said that the news of such payment was the handiwork of fraudsters seeking to scam unsuspecting members of the public. 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.