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  • Business - Companies
  • Updated: June 09, 2024

Business news roundup from June 2- June 8, 2024

Business news roundup from June 2- June 8, 2024

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

President Tinubu has done everything he promised — Information Minister

Mohammed Idris, Minister of Information and National Orientation, said President Bola Ahmed Tinubu has done everything he promised to improve the economy.

This is contained in a statement by the Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, on his X account on Thursday. Read more here.

Labours’ N494,000 minimum wage demand capable of destabilising, jeopardising economy- FG

Mohammed Idris, he Minister of Information and National Orientation, has disclosed that the sum of N494,000 national minimum wage being demanded by organized labour, which cumulatively amounts to the sum of N9.5 trillion bill, is capable of destabilizing the economy and jeopardizing the welfare of over 200 million Nigerians.

Idris made this known at a news conference in Abuja in response to the threat by the organized labor to embark on strike if their demands were not met. Read more here

CBN revokes operating license of Heritage Bank

The banking license of Heritage Bank Plc has been revoked by the Central Bank of Nigeria, effective immediately.

The development was as a result of the bank’s failure to improve its financial performance, posing a threat to financial stability. Read more here.

We have no plan to revoke Polaris, Keystone operating licences — CBN

The Central Bank of Nigeria, CBN, has said it has no plan to revoke the licenses of Unity Bank, Keystone Bank, and Polaris Bank.

An online report claimed that the Central Bank of Nigeria would revoke the licenses of three banks, allegedly following the revocation of Heritage Bank’s license. Read more here.

Debt: EEDC issues disconnection notice to five southeast states, UNN, others

A disconnection notice has been issued to the five Southeast state governments, Innoson Technical and Industries, University of Nigeria, Nnamdi Azikiwe University, and others by the Enugu Electricity Distribution Company, EEDC  over unpaid electricity bills.

The company made this known in a statement on Friday. 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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