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Daily Business News Brief | Monday December 20, 2021.


Gains in Dangote Cement, Others Spur N253bn Growth in Market Cap – Thisday

The stock market of the Nigerian Exchange Limited (NGX) closed on a positive note last week as investors renewed interest in blue chips listed companies. Amid the bargain hunting activity on the N  GX All-Share Index rose week-on-week (W-o-W) by 470.34 basis points or 1.12 per cent to close at 42,353.31 basis points. Similarly, market capitalisation rose by N253 billion W-o-W to close at N21.107 trillion……………… read more

NGX Lists Ronchess Global Resources 91m Shares on Growth Board – Punch

Nigerian Exchange Limited (NGX), has announced the listing of Ronchess Global Resources Plc and also facilitated the financing of over N5 trillion in capital raised by governments and corporates so far in 2021.  The Chief Executive Officer, NGX, Temi Popoola made this known during the Closing Gong Ceremony to commemorate the successful listing of 91,000,000 ordinary shares of Ronchess on the Growth Board of the exchange, held last Friday…………….read more

Directors of Nestle Nigeria, FBN Holdings, Others Transact N32.4bn Worth of Stocks in 2021- Thisday

Insiders in fundamental stocks on the Nigerian Exchange Limited (NGX) transacted N32.4billion worth of stocks in 2021, data gathered by THISDAY revealed.
The insiders include Managing Directors, Deputy Managing Director, Non-executive Directors, and shareholding firms, among others. The companies whose directors were involved in the transactions include; Nestle Nigeria Plc, Dangote Cement Plc, Guaranty Trust Holdings Plc (GTCO), FBN Holdings Plc, Access Bank Plc, Fidelity Bank Plc, Nigerian Breweries Plc, MTN Nigeria Plc and United Bank for Africa Plc………………..read more

Loans from China now $3.59bn, says DMO- Thisday

The Debt Management Office has clarified that loans from China to Nigeria, which presently stood at $3.59bn, constitutes only 9.4 per cent of the country’s total foreign debt stock of $37.9bn. The Director-General of DMO, Ms Patience Oniha, made this known in an interview with the News Agency of Nigeria on Saturday in Abuja.  She also clarified that the loans were largely concessional, as no national asset was tagged as collateral.  NAN reports that in recent times, both the social and mainstream media have been awash with news about some African countries, including Nigeria, facing the threat of losing some critical national assets to the Asian country due to high level indebtedness……………read more

Nigeria imports N13.7tn manufactured goods in nine months- Punch

Manufactured goods valued at N13.7tn were imported into Nigeria from January to September this year, data from the National Bureau of Statistics show.  The country exported N757bn worth of manufactured goods in the nine-month period, accounting for 0.06 per cent of the total trade of N14.3tn.  The value of trade in the manufacturing sector stood at N4.78tn in the first quarter of this year, representing 49.01 per cent of country’s total trade in the period, according to the NBS.  Out of N4.78tn, exports accounted for N250.4bn while the import component stood at N4.5tn…………………..read more

fake richard mille
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