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  • Business - Companies
  • Updated: May 13, 2023

Business News Roundup From May 6 - May 12, 2023

Business News Roundup From May 6 - May 12, 2023

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

FCT: Okada Riders Reject New Naira Notes

Some commercial motorcyclists in the Kubwa area of the Federal Capital Territory (FCT) are rejecting the new Naira notes, claiming they do not want to fall victim to fraudsters due to the counterfeit notes in circulation.

The riders said this while speaking with the News Agency of Nigeria (NAN) on Sunday. Read more here.

FMBN, Firm Unveil 28 Flat Units In Lagos

On Friday, the Federal Mortgage Bank of Nigeria (FMBN) and Cocoon Atlantic Housing Estate, a housing solution comp inaugurated a 28-unit of flats estate in Sangotedo area of Lagos State.

Madu Hamman, the Managing Director, FMBN, who spoke during inauguration said the delivery of the housing estate is part of the Federal Government’s commitment toward reducing housing deficit in Nigeria. Read more here

Basket Of Tomato Now Costs N58,000 In Kwara

Residents and marketers on Sunday in Ilorin, the Kwara State capital, were shocked by a sudden increase in the price of tomato.

A basket of tomato in the aforementioned region has increased to N58,000. Read more here.

Jaiz Bank Records N9.9 Billion Earning

For the first quarter of 2023, Jaiz Bank Plc has reported gross earnings of N9.88 billion.

According to a statement yesterday, the bank’s unaudited results indicates that it had recorded 44.55 per cent profit growth in its pre and post-tax, showing that the gross income had risen by 38.3 per cent as at end of the first quarter on March 31, 2023. Read more here.

Kano: NAFDAC Sanctions 35 Companies In Q1 2023

As of the first quarter of 2023, the National Agency for Food and Drug Administration and Control (NAFDAC),  on Wednesday, said it has sanctioned no fewer than 35 companies in Kano.

Kasim Idrisa Ibrahim, the NAFDAC State Coordinator, made this known while speaking with Punch on Wednesday. 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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