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Daily Business News Brief – June 30th, 2023

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June 30, 2023
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in Business News Brief
Why CBN unified exchange rates –Tinubu – Punch
President Bola Tinubu Thursday in Lagos said he could have chosen to maintain the multiple foreign exchange systems he met upon assuming office and benefit from it, but instead opted to unify the official and parallel market rates to save the country from financial hemorrhage.
“I could afford to share the benefit by participating in the arbitrage, but God forbid! That’s not why you voted for me,” Tinubu said at a civic reception organised in his honour by the Lagos State Government at Lagos House, Marina. ……………… ….. …….,…. ……… .. .. ….. .. ….. …….. …………….……..Read More

Improve business environment, GSK shareholders tell govt – Punch
Some shareholders of GlaxoSmithKline Consumer Nigeria Plc have called on the government to provide a better environment for businesses to operate.
The shareholders spoke at the 52nd annual general meeting of GlaxoSmithKline Consumer Nigeria Plc in Lagos.
They expressed worries that the fortunes of the company as a core manufacturing organisation was dwindling in Nigeria, given the continued scaling down, sales of assets and shortage of GSK drugs in the Nigerian market…. .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

NEXIM, Fidelity Bank partner on export – Punch
The Nigerian Export-Import Bank has announced a strategic partnership with Fidelity Bank Plc and Sapphital Learning Limited as part of efforts to boost Nigeria’s foreign exchange earnings.
A statement said the partnership would help improve the skills and performance of export businesses in Nigeria by leveraging the NEXIM Export Academy, an online platform that provides exporters with capacity-building training and access to finance to scale their business…. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Cornerstone Insurance Reward Shareholders with 6kobo Dividend – Thisday
Cornerstone Insurance Plc has announced a dividend of 6 kobo per ordinary 50 kobo share held by its investors representing N1.09billion for the year ended December 31,2022.
Chairman of the company, Segun Adebanji, announced this at its 31st Annual General Meeting (AGM) held in Lagos.
He said despite the challenges in the business environment during the year under review, Cornerstone was able to achieve growth in its Gross Premium…. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

SAHCO Appoints New Executive Director – Thisday
Skyway Aviation Handling Company (SAHCO) PLC has appointed Herbert Odika as the Executive Director, Operations.
This was announced during the company’s 13th Annual General Meeting (AGM) held at Marriott Hotel, Ikeja in Lagos recently. The company in a statement described Herbert Odika as a professional in aviation ground operational management, business development, sales, and marketing…. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

FirstBank deploys humanoid robot for customer engagement, others – Guardian
In furtherance to its role in providing innovative financial solutions, First Bank of Nigeria Limited has announced the launch of a humanoid robot, the first of its kind in the financial services space in Nigeria.
The robot is equipped with video banking and artificial intelligence (AI) will take on the role of a friendly branch staff…. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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