Business News Roundup From April 15-April 21, 2023

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

Dormant Accounts: Nigerians Weigh In On CBN's New Policy

Recently, the Central Bank of Nigeria issued a new guideline on the management of dormant accounts.

The new policy aims at mopping up all dormant account balances and unclaimed balances in banks into a designated account it has created. Read more here.

GTCO Records Decrease In Profit

Guaranty Trust Holding Company Plc on Friday announced a profit before tax of N214.2 billion, representing a 3.3 per cent decrease compared to N221.5 billion posted in the corresponding year ended December 2021.

The Company revealed this in its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2022. Read more here

Over 3,000 Edo Residents Benefit From FG's Cash Transfer Programme

Flora Bossey, the Head of Unit, Household Uplifting Programme (HUP), Edo State Cash Transfer Unit, has revealed that about 3,124 residents from Oredo local government of the state have benefitted from the federal government’s Conditional Cash Transfer programme.

She disclosed this in Benin at the weekend while addressing journalists after distributing debit cards to beneficiaries of the programme. Read more here

Save Poultry Industry From Total Collapse — Farmers To FG, CBN

Nigerian poultry farmers have appealed to the Federal Government to intervene in the sector to prevent Nigerian poultry farms from collapsing.

Rev. Oluleye Gideon, the Chairman, Poultry Association of Nigeria (PAN), South-West Zone, made this known during a press conference in Ibadan. Read more here

CBN Says Currency In Circulation Now N1.6 Trillion

Following the Central Bank of Nigeria’s reversal of the naira redesign policy, the currency in circulation in the country jumped by N701.4 trillion in one month to hit N1.6 trillion in March 2023.

The CBN defines currency in circulation as currency outside the vaults of the central bank; that is, all legal tender currencies in the hands of the public and in the vaults of the Deposit Money Banks. 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.