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Daily Business News Brief – February 9th, 2023

Home   /   Business News Brief   /   Daily Business News Brief – February 9th, 2023
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February 9, 2023
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in Business News Brief

Stock market rebound as investors gain N69bn – Punch
The Nigerian stock market rebounded after previous day’s pullback as investors’ profit rose by N69bn. The All Share Index grew by 127.29 absolute points, representing a gain of 0.23 per cent to close at 54,427.05 points…………………..Read More

Experts Express Concern Over Suboptimal Real Returns On Pension Investment – Independent
Pension experts have expressed worry over what they described as suboptimal returns on pension investment in 2022, attributing the disturbing indices to high inflation rates which averaged 18.4per cent in that year……………………..Read More

Consolidated Insurance Bill: Hope Rises As NASS Set For President’s Assent – Independent
The long awaited passage of the Consolidated Insurance Bill 2020 before the National Assembly may, this time, see the light of the day as the lawmakers have concluded the major aspect of deliberation now near ready to be sent to President Muhammadu Buhari for assent. ……………..……..Read More

More banks shut down as new notes scarcity persists – Punch
 
As the naira scarcity persists, more banks have started shutting down their branches, according to findings by The PUNCH. The PUNCH observed large queues still existed at the Automated Teller Machines of many commercial banks in Lagos, Ogun and Abuja and other parts of the country on Wednesday. As the February 10 deadline for old N1000, N500 and N200 notes to stop being legal tender approaches, more Nigerians are getting frustrated due to the inability to access cash for their regular transactions ……………..……..Read More
fake richard mille
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