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Daily Business News Brief | Thursday, April  14th, 2022.

14
Apr

Stock market gains N87bn in bullish trading – Punch

Investors gained N87bn on Wednesday at the end of trading on the floor of the Nigerian Exchange Limited.The market capitalisation of equities listed on the Nigerian Exchange Limited rose to N25.536tn on Wednesday from N25.449tn on Tuesday. The NGX All-Share Index also rose to 47,367.31 basis points from 47,205.03 basis points.Thirty one companies recorded gains at the end of trading on Wednesday, while 17 companies recorded loses………………read more

FG’s commercial loans rise by 31%, hit $14.67bn – Punch

The Federal Government’s commercial debt has risen by 31 per cent from $11.17bn to $14.67bn, according to an analysis of data on actual external debt stock from the Debt Management Office. Specifically, the nation’s commercial loans rose by $3.5bn from $11.17bn in 2020 to $14.67bn in 2021. According to the report, the $11.17bn recorded in 2020 was 33.49 per cent of the total external debt stock. It consisted of $10.87bn Eurobonds and $300m Diaspora Bond…………………read more

Essaadi: NB Remains Pose on Shareholders’ Return Despite Challenges – Thisday

The Chief Executive Officer, Nigerian Breweries (NB) Plc, Hans Essaadi, has said that the company is determined to improve on shareholders return amid the shortage in foreign exchange and global economy challenges that has resulted in steep rise in the price of crude oil and grains, as well as other challenges.He noted that the company remains poised to maintain its leadership in the brewery market via its cost and value strategies……………….. read more

CBN Restates Commitment to Promote Financial InclusionThisday

The Head, Financial Inclusion Secretariat at the Central Bank of Nigeria (CBN), Paul Oluikpe, has said that the CBN is focused on bringing everyone in the inclusive net.He however said the formal segment of the financial services sector cannot alone fill the gaps found in the inclusive net……………..read more

STI Market Share Hits N13bn In 2021 – Independent

Sovereign Trust Insurance Plc has consistently maintained its growth trajectory recording about N13billion in premium income in 2021 business year. Mr. Olaotan Soyinka, the Managing Director and Chief Executive Officer of the underwriting firm, said the development is indeed a commendable one considering the myriad of challenges that the insurance industry had to deal with in the past year of 2021………………………..read more

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