• Business - Economy
  • Updated: April 01, 2023

Business News Roundup From March 25-March 31, 2023

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

Cash Crunch: Unbanked Nigerians Recount Ordeal

It is normal to think that every adult in Nigeria has access to basic financial services such as a savings bank account.

However, according to research, there are still about 250,000 adults in the country who are unbanked. Read more here.

Anambra, EEDC Sign MoU On Imprioved Power Supply

The Enugu Electricity Distribution Company (EEDC) and the government of Anambra have signed a Memorandum of Understanding (MoU) on modalities that would ensure a more robust and sustainable power supply to the state.

The agreement was signed inside the Anambra State Executive Council Chambers, Government House, Awka, on Friday. Read more here.

Cash Crunch: Farmers Lost N30 Billion — AFAN

The All Farmers Association of Nigeria (AFAN) has disclosed that farmers lost about N30 billion due to the naira crisis, adding that all arms of the agricultural sector were hit by the “painful CBN policy”.

The President of the All Farmers Association of Nigeria, Kabir Ibrahim, while speaking with Punch, revealed that the poultry sector was among the worst hit, and other producers of agro-commodities also suffered severe losses. Read more here

Cadbury Nigeria Plc Records N1.2 Billion Profit

Cadbury Nigeria Plc has released its 2022 audited financial result, reporting a profit before tax of N1.29 billion, which represents an 18 per cent increase from the N1.097 billion the company recorded during the same period in 2021.

During the period under review, the company recorded a revenue of N55.21 billion, a 30 per cent increase from the N42.37 billion recorded in the previous year. Read more here.

PenCom Calls On Self-Employed To Enroll In Micro Pension Plan

The National Pension Commission (PenCom) has urged artisans, traders and other self-employed people to enroll in the Micro Pension Plan of the commission to guarantee a functional retirement plan they can hold-on to.

Abdulqadir Dahiru, the Head, Corporate Communications of PenCom, made the call in Enugu on Thursday. 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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