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Daily Business News Brief – February 28th, 2023

28
Feb


NGX closes positive as investors gain N207bn – Punch
 
The first day of trading in the week closed positively for investors on the Nigerian stock exchange as they gained N207bn on Monday. The All Share Index grew by 0.69 per cent to reach 55,328.42 on Monday from  54, 949.21 recorded at the end of the trading last Friday……………..……..Read More

Why Nigerian stock market is defying 2023 election uncertainties – Operators – Nairametrics
 
Some market operators who spoke to Nairametrics said the equity market defied election jittery thanks to the anticipated 2022 full-year dividend payout and hopes that the outcome of the results will not throw the nation into unimaginable crises.. …….. …………….……..Read More

Dangote Cement proposes final dividend payout of N20 per share – Nairametics
 
Dangote cement Plc has announced a final dividend of N20 per share following the release of its 2022 financial report………………….……..Read More

Elections: Investors Cautious as Stock Market Crosses N30trn Market Capitalisation – Thisday
 
Amid the tension associated with the 2023 general elections, the stock market of the Nigerian Exchange Limited (NGX) yesterday crossed the N30 trillion mark in terms of market capitalisation, setting a new record as domestic investors shunned high risk stocks and focused more on investment in fundamental stocks ………………..……..Read More

Manufacturing slowdown fuelling FX shortage – NESG – Punch

 
The Nigerian Economic Group Summit says Nigeria’s weak manufacturing is a major factor fuelling shortage of foreign exchange. The NESG Senior Economist, Dr Wilson Erumebor, disclosed this in a recent paper published by Foresights Africa.. …………….……..Read More
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