• Business
  • Updated: 2 weeks ago

Latest Business News October 3 - October 10, 2021: Top 5 Business News Roundup For Last Week

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

Ikeja Electric Customers To Experience Outage From October 11

Ikeja Electric Plc said Monday that some areas under its operational network will experience outages for a period of eight weeks to enable the Transmission Company of Nigeria (TCN) to re-conduct its 132KV lines.

Chief Technical Officer, Ikeja Electric, Olajide Kumapayi, made the announcement at a news briefing on Monday in Ikeja. Read more here.

NNPC Share Capital Of N200bn Highest In Nigeria — CAC

The Corporate Affairs Commission (CAC) says the Nigerian National Petroleum Company (NNPC) Limited had made history for being the company with the highest share capital in the country.

The Registrar General, Corporate Affairs Commission, Alhaji Garba Abubakar, revealed this on Friday, in Abuja, while presenting the Certificate of Incorporation of the Company to President Muhammadu Buhari at the State House. Read more here.

Coca-Cola Invests $1 Billion In Nigeria

Coca-Cola has announced that it will inject $1 billion in the next five years in Nigeria during the launch of its 70th anniversary in Lagos on Thursday.

The Managing Director, Coca-Cola Nigeria, Alfred Olajide, said that the company has invested $1 billion in the past 10 years and will do the same again for the next 5 years. Read more here.

World Bank Projects Nigeria’s Economy To Rebound By 2.4% In 2021

The World Bank has announced that Nigeria’s economy is expected to grow by 2.4 percent in 2021 owing to support from the service sector.

The Bretton Woods Institution made the announcement on Wednesday in its October edition of Africa’s Pulse titled: “Climate Change Adaptation and Economic Transformation in Sub-Saharan Africa." It is the bank’s twice-yearly economic update for the region. Read more here.

BoI Becomes Signatory To UN Responsible Banking Principles

Managing Director of the Bank of Industry (BoI), Olukayode Pitan has announced that BoI has become a signatory to the United Nations (UN) Principles for Responsible Banking.

The UN principles for responsible banking was launched on Sept. 22, 2019, at the United Nations Headquarters in New York City, during the UN General Assembly and was developed through a partnership between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI). 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.

Top Gainer
Index Opening Price Closing Price Change % Day’s High Day’s Low
SMART PRODUCTS NIGERIA PLC 0.24 0.26 8.33 0.26 0.26
MUTUAL BENEFITS ASSURANCE PLC 0.28 0.30 7.14 0.30 0.30
UNILEVER NIGERIA PLC 14.50 15.50 6.90 15.50 15.50
AXAMANSARD INSURANCE PLC 2.31 2.46 6.49 2.46 2.43
CUTIX PLC 6.05 6.40 5.79 6.40 6.40
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