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Daily Business News Brief – February 22nd, 2023


Stock Exchange reverses gains as index slides by 0.06 per cent – Guardian
Following losses suffered by many blue-chip stocks, the Nigerian Exchange Limited (NGX) reversed gains, to close on a downward note yesterday, causing the All Share -Index (ASI) to depreciate by 0.06 per cent ……. …………….……..Read More

NGX Says Domestic Investors Have Shunned ‘Election Risks’ Ahead of Saturday’s Polls – Nairametrics
The Nigerian Exchange Limited has said that domestic investors have shunned election risks by continuing to invest in the market ahead of the 2023 general elections……. …………….……..Read More

Investment council forecasts post-election economic recovery – Punch
The Chairman of the Commonwealth Enterprise and Investment Council, Lord Marland, has said Nigeria will have a clearer economic direction after the elections in the country. He spoke while addressing the press in Lagos during his visit to Nigeria, ahead of the elections in the country………………..……..Read More

FGN Bond Attracts N45bn From Retail Investors, Explains N2.13trn Borrowing – Dailytrust 
The Debt Management Office (DMO) has said retail investors have invested N45.1 billion in the Federal Government of Nigeria (FGN Savings Bond) as of the end of 2022.The Director-General of the DMO, Ms. Patience Oniha, disclosed this at the engagement with Distribution Agents and Market Stakeholders for the Final Demonstration of the FGN Securities Subscription Portal……………..……..Read More

Small businesses battle for survival as naira crisis paralyses operations – Punch
Micro, Small and Medium Enterprises are contending with a barrage of constraints now worsened by the cash crunch nationwide, as analysts predict further decline in Nigeria’s economy, EDIDIONG IKPOTO reports …………….……..Read More
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