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Daily Business News Brief – December 8th, 2022

Home   /   Business News Brief   /   Daily Business News Brief – December 8th, 2022
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December 8, 2022
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NGX: Domestic Investors  Outshine Foreign Participation – Independent
The latest foreign and domestic portfolio participation report by the Nigerian Exchange Group (NGX), showed that transactions on the Nigerian bourse totaled N110 billion in October, and N2.1 trillion year-to-date.Total transaction value in October represents a year-on-year (y/y) decline of around -48 per cent. A closer look reveals that foreign interests accounted for 26 per cent while domestic investors were responsible for 74 per cent……………..Read More

Nigerian Breweries To Reward Shareholders With 2.1bn Bonus Shares, Holds EGM – Independent
After receiving interim dividend early in the month, shareholders of Nigerian Breweries Plc, the foremost brewing company in Nigeria, are in for a big surprise as the company is set to hold an Extraordinary General Meeting (EGM). At the meeting, directors of the company are proposing a bonus issue of one new share for every four shares held by qualifying shareholders that are on the register of members at the close of business on Tuesday, 6th December, 2022..……….Read More

DMO Lists Options To Tackle Nigeria’s Debt Burden – Independent
LAGOS – The Director-General of the Debt Management Office (DMO), Ms Patience Oniha, has stressed the need for Nigeria to operate an efficient tax administration to tackle revenue challenges. Oniha said this at the 2022 Capital Market Correspondents Association of Nigeria (CAMCAN), with the theme: “Nigeria’s Public Debt and the Capital Market in Lagos………...Read More

SEC Projects N5trn Capitalisation for Shariah Products by 2025 – Thisday
The Director General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda yesterday in Abuja  said that the revised edition of the Capital Market Master plan (2021 – 2025) that was recently launched has a projection of 50 listings of Shariah-compliant products with a market capitalisation of at least N5 trillion by the year 2025………….Read More
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