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Daily Business News Brief – February 20th, 2023


Stock investors lose N281bn in one week – Punch
Stock investors lost N281bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The NGX All-Share Index and market capitalisation depreciated by 0.96 per cent and 0.95 per cent to close the week at 53,804.46 and N29.310 trillion respectively……. …………….……..Read More

Banks dominate financial sector’s contribution to turnover – Guardian
Three banks’ stocks – Sterling Bank Plc, Fidelity Bank Plc and Access Holdings Plc – dominated activities in the financial service sector of the Nigerian Exchange Limited (NGX) last week ……………….……..Read More

NGX Recovery Trend Remains Intact Despite Pullbacks, Profit Taking Ahead Of Election – Independent
It was another week of sideways movement and mixed sentiment, as investing public continued to position in fundamentally sound stocks ahead of audited corporate earnings and dividend announcement, in the midst of macroeconomic headwinds, political tension and 2023 general election holding next week …………….……..Read More

Free Trade Zones to List on Capital Market, NEPZA Assures – Thisday
The Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has disclosed that plans are underway to facilitate the listing of the country’s Free Trades Zones and their enterprises on the Nigerian capital market …………….……..Read More

IEI plans to revamp capacity in energy insurance – Punch
The Managing Director, International Energy Insurance, Mr Olasupo Sogelola, has said the company will expand its retail and corporate businesses, and rebuild its capacity in the oil and gas sector …………….……..Read More
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