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Daily Business News Brief – February 1st, 2023


Nigerian Stocks: List of Dividends announced in 2023 – Nairametrics
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also important to track these announcements to know who is eligible to collect the dividend, when it will be approved, and when it will be paid. Dividend payment also affects share prices………….……..Read More

NGX All-Share Index closes January 2023 with 3.88% gain – Nairametrics
Equity trading on the Nigerian Exchange Limited (NGX) finished the first month of the year (January) in the green territory as the NGX All-Share Index appreciated by 3.88% to close the final trading day with 53,238.67 index points.Despite the rising inflation, interest rate hike, and naira redesign…………..……..Read More

Flour Mills records N1.114tn revenue – Punch
Flour Mills of Nigeria Plc has recorded N1.114tn revenue for its nine months financial results. The company said continuous product innovation and effective route-to-market strategies were largely responsible for the continued solid financial performance across the group’s core business segments with the Honeywell integration well underway and performance in line with the integration plan…………………..Read More

PZ Cussons appoints new board chair – Punch
PZ Cussons Nigeria Plc has appointed a former chairperson of the Federal Inland Revenue Service, Ifueko Okauru, as chairman of its board.The company said in a statement that key appointments in its board have been approved following the exit of two persons in its top hierarchy on account of retirement and resignation………………..Read More

Sandys retires from Guinness Nigeria board – Punch
Guinness Nigeria Plc has announced the retirement of Mr Mark Sandys from its board of directors and the appointment of Mrs Grainne Wafer as a Non-Executive Director of the company. This was disclosed in a statement by the Company Secretary and Corporate Relations Director, Rotimi Odusola, on Monday………………..Read More

Mortgage bank’s non-executive director resigns – Punch
Michael Omolaja has resigned as a non-executive director of Livingtrust Mortgage Bank Plc. The company said in a statement that his resignation has been accepted by the board of directors of the bank at a meeting held on January 20, 2023. It noted that Omojala’s resignation was voluntary and would enable him to pursue his personal goals………….……..Read More
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