5
Sep
September 5, 2022
| As Nigeria’s Economic Woes Persist, Stock Market Depreciates by N1.69trn in 3 Months – Thisday |
| As Nigeria continue to grapple with economic challenges, the equities market has maintained a downward slide with investors’ wealth dwinddling by a whopping N1.69 trillion in just three months. THISDAY analysis of market activity from June to August 2022 revealed that for the month of August, the stock market depreciated by N283billion in market capitalisation, while in July, the market capitalisation went down by N772 billion as investors move to fixed income market that comes with low-risk investment and modest yield, yet above the inflation rate. …………..Read More |
| Stock market gains N197bn in bullish trading week – Punch |
| Investors in the Nigerian stock market saw the worth of their shares rise by N197bn last week as 43 firms recorded price appreciation. The NGX All-Share Index of the Nigerian Exchange Limited and market capitalisation appreciated by 0.73 per cent to close the week at 50,045.83 and N26.994tn respectively. Similarly, all other indices finished higher with the exception of NGX- Growth Index which depreciated by 0.51 per cent while, the NGX ASeM and NGX Sovereign Bond indices closed flat……….Read More |
| CBN Hails Access Bank, Others on Sustainable Banking Principles – Punch |
| The Central Bank of Nigeria (CBN) lauded Access Bank Plc’s commitment to sustainable banking principles. Special Adviser to the CBN Governor on Sustainable Banking, Dr. Aisha Mahmood, gave the commendation at roundtable jointly hosted with the European Organisation for Sustainable Development in Abuja ……….Read More |
| NNPC defends 68m-litre daily consumption, backs forensic audit – Punch |
| The Nigerian National Petroleum Company Limited on Sunday insisted that daily supply of Premium Motor Spirit, popularly called petrol, across the country was 68 million and offered to submit itself for forensic audit of PMS supply and subsidy management. On Friday The PUNCH reported that the Comptroller-General of Nigeria Customs Service, Col. Hameed Ali (retd.), said NNPC could not justify the volume of petrol being consumed in Nigeria daily to warrant the over N6.34tn subsidy payment on the commodity annually………….Read More |
| Fidelity Bank: H1 Millstone Drives First-time Interim Dividend – Thisday |
| The Nigeria National Petroleum Corporation Limited will have the first right of refusal to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years. The Group Chief Executive Officer, NNPC Ltd, Mele Kyari, disclosed this to journalists when he appeared at the 49th Session of the State House Ministerial Briefing organised by the Presidential Communications Team, at the Presidential Villa, Abuja……..…..Read More |
| UAC Nigeria Lists 44.83m Additional Shares on NGX – Daily Independent |
| UAC Nigeria Plc has listed additional 44,835,076 units stocks on the trading platform of the Nigerian Exchange Limited (NGX). The regulatory notice confirmed that the shares were from the scrip dividend election scheme issued to shareholders of the company……..…..Read More |