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Daily Business News Brief -December 22nd, 2022


Africa Prudential, 20 Others Lift Stock market by N32bn – Thisday
The stock market of the Nigerian Exchange Limited (NGX) yesterday gained  N32 billion  following Investors’ buy pressures on Africa Prudential Plc and 20 others. Consequently, the All Share Index (ASI) rose by 59.25 basis points or  0.12 per cent to close at 49,475.43 basis points. Accordingly, investors gained N32 billion in value as market capitalisation went up to N26.948 trillion……..……..Read More

Buhari seeks fresh N819bn loan, domestic debts hit N22.57tn – Punch
Nigeria’s domestic debt rose to N22.57tn as the Federal Government on Wednesday proposed  a last-minute supplementary budget for the 2022 fiscal year. The President, Major General Muhammadu Buhari (retd.), is seeking the approval of the National Assembly for N819.54bn supplementary budget, which it planned to finance through domestic borrowing…….……..Read More

Frequent imposition of fines scaring investors from capital market -Shareholders – Nairametrics
Some shareholders of companies quoted on the Nigerian Exchange have expressed worry that the frequent imposition of fines on companies defaulting from post-listing requirements is scaring away investors and potential companies willing to list on the nation’s capital market……..……..Read More

Naira falls to all-time low despite 181.62% liquidity increase – Businessday 
Naira on Wednesday fell to all-time low of N456.33 per dollar despite increased liquidity at the official market. Foreign exchange (FX) activity levels, which is reflected in the daily turnover rose significantly by 181.62 percent but failed to shore up the value of Naira……..……..Read More
fake richard mille
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