• Business - Companies
  • Updated: June 10, 2023

Business News Roundup From June 3-June 9, 2023

Business News Roundup From June 3-June 9, 2023

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

FBN Holdings Reports 53 Per Cent Increase In Profit

For the first quarter of 2023 which ended March 31, FBN Holdings Plc has recorded a 53 per cent increase in profit.

The Group posted a profit before tax of N56.105 billion for Q1 2023 from N36.518 billion reported in Q1 2022. Read more here.

Economists Call For CBN Policy Review

Economists have urged the Central Bank of Nigeria (CBN) should consider a policy reset to unify the country’s currency exchange rate.

The economists said this at the recently held First American Business Council (ABC) Economic Update themed: Nigeria’s Debt Overhang and Strategies to Create Economic Growth, hosted by the American Business Council in Lagos. Read more here.

e-Naira Sensitisation: CBN Seeks Partnership With UniUyo

The Central Bank of Nigeria (CBN) has called on the management of the University of Uyo to partner with the apex bank to sensitise its staff and students on the use of the e-Naira policy in daily business transactions.

Mercy Ogbomonpaul, the branch controller of CBN, said this while interacting with the Vice Chancellor of the University of Uyo, Prof. Nyaudoh Ndaeyo in Uyo on Thursday. Read more here

CBN Grants Awacash Microfinance Bank License

Awacash, a fintech platform, has received a microfinance bank license from the Central Bank of Nigeria.

This is followed by its previous acquisition of a money lending license. Read more here.

Royal Foam Names Aproko Doctor As Brand Ambassador

Royal Foam Products Nigeria Limited has named health influencer, Chinonso Egemba (Aproko Doctor) as its brand ambassador.

According to a statement by the firm, the partnership with Aproko Doctor was pertinent because his personal philosophy aligned with that of the company. 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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