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  • Business
  • Updated: November 07, 2021

Business News Roundup For October 31 - November 7, 2021

Business News Roundup For October 31 - November 7, 2021

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

WACT Advocates Reduction Of 35 Days Dwell Time For Seaports Efficiency

The West African Container Terminal (WACT) has said that the 35-day high dwell time for containers at the seaports was hampering efficiency at the Onne Terminal.

Commercial Manager of APM Terminals’ WACT, Noah Sheriff disclosed this on Friday at the Onne Port, in Rivers, during an interaction with ‘Business and Maritime Writers Association of Nigeria’ (BUMWAN). Read more here.

MTN Nigeria Completes N200 Billion Bond Issuance Programme

MTN Nigeria Communications Plc has announced the successful completion of the issuance of its N89.99 billion Series II 10-Year 12.75 percent Fixed Rate Bonds due 2031.

The company disclosed the information in a notice sent to the Nigerian Exchange (NGX) Limited on Thursday in Lagos. Read more here.

Bears Resurface On NGX, Indices Down By 0.09%

Bearish sentiment has resurfaced on the nation’s bourse on Wednesday with the key indicators dropping by 0.09 percent amid profit-taking on some blue chips.

Specifically, the All-Index lost 37.94 points or 0.09 percent to close at 41,975.45 from 42,013.39 posted on Tuesday. Read more here.

Senator Abaribe Urges Nigerians To Patronize Locally Made Goods

The Senate Minority Leader, Sen. Enyinnaya Abaribe, on Monday in Abuja, has urged Nigerians to patronize locally made goods, saying that it would have great impacts on local industries.

Abaribe made the appeal at a joint press conference with the Small and Medium Enterprises Development Agency (SMEDAN) to herald the commencement of the 8th Made-in-Aba trade fair. Read more here.

First Bank Unveils Fully Automated Branch

First Bank of Nigeria Ltd. has unveiled its first fully automated branch, called FirstBank Digital Experience Centre for customers.

The Chief Executive Officer of FirstBank, Dr Adesola Adeduntan, said this in a statement made available to the News Agency of Nigeria (NAN) on Tuesday in Lagos. 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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