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  • Business - Companies
  • Updated: February 18, 2024

Business news roundup from February 11, - February 17, 2024

Business news roundup from February 11, - February 17, 2024

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

ACCI mourns Herbert Wigwe

The Abuja Chamber of Commerce and Industry (ACCI) has extended condolences following the demise of Herbert Wigwe, Chief Executive Officer (CEO) of Access Holdings. 

In a heartfelt message, Chief Emeka Obegolu, the President of ACCI and Leader of the Organised Private Sector in FCT, expressed deep sorrow and shock over the sudden death of the renowned Nigerian billionaire banker and entrepreneur. Read more here.

Removing electricity subsidy will raise inflation — Experts to FG

The Federal Government has been urged by some financial experts not to remove the electricity subsidy, saying such an act can lead to tough economic conditions.

They said this in separate interviews with the News Agency of Nigeria (NAN) on Tuesday in Lagos. Read more here

Food inflation: FG to create 10million jobs

Vice President Kashim Shettima has revealed that the federal government is working to create about 5 to 10 million jobs in the agricultural sector to tackle food inflation in the country. 

Shettima made this known on Tuesday during a two-day high-level strategic meeting on climate change, food systems and resource mobilization held at the Banquet Hall of the Presidential Villa, Abuja. Read more here

Reverse ban on styrofoam, sachet alcohol — NECA to NAFDAC

The Nigeria Employers’ Consultative Association (NECA) has urged the National Agency for Food and Drug Administration and Control (NAFDAC) to reverse the recent ban imposed on the production and sale of sachet alcohol and polystyrene food packs, noting that it will lead to job losses in the real sector of the economy.

Speaking during an interview with Punch, Adewale-Smatt Oyerinde, the Director-General of The Nigeria Employers’ Consultative Association, predicted that the ban on these products would have potential repercussions on Nigeria’s fragile economy. Read more here

Lamentations as cement price rises to N9,000 per bag in Abuja

A 50 kilograms bag of cement in the Federal Capital Territory is now sold for N9,000

This was made known by distributors of cement in Abuja, who disclosed this while speaking with Allnews.ng. 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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