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Daily Business News Brief – March 1st, 2023

Home   /   Business News Brief   /   Daily Business News Brief – March 1st, 2023
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March 1, 2023
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Analysts hopeful as NGX remains bullish with N260b gains – Guardian
 
Amid anticipations of impressive 2022 full year earnings and dividend payout from listed firms, virtually all the blue-chip stocks appreciated in price at the end of yesterday’s transactions on the equities sector of the Nigerian Exchange Limited (NGX), causing market capitalisation to rise further by N260 billion. ……………..……..Read More

NGX All-Share Index Pulls through election jitters to closes February 2023 with a gain of 4.8% – Nairametrics
 
Equity trading on the Nigeria Exchange Limited (NGX) finished the second month of the year (February) in green territotry as the NGX All-Share Index appreciated by 4.8% to close the final trading day of the month with 55,806.26 index points… …….. …………….……..Read More

Nestle, Seplat, Lafarge to pay dividends – Punch

 
More companies listed on the Nigerian Exchange Limited have released their final audited report for the 2022 financial year. Nestle in its financial report announced a final dividend of N36.50 per 50kobo ordinary share. It also earned revenue of N446.8bn, an increase of 27 per cent over the N351.8bn recorded in the previous accounting year…………………..……..Read More

NGX, PAPSS sign MoU on cross-border payment – Punch

 
The Nigerian Exchange Limited and the Pan-African Payment Settlement System, on Tuesday, signed a Memorandum of Understanding to facilitate cross-border payments across capital markets on the African continent. At the virtual signing ceremony, stakeholders said the partnership between NGX and PAPSS would boost trade in the capital markets in Africa. ………………..……..Read More

Analysts Predicts End to Cash Crunch Post General Elections – Thisday
 
Analysts have predicted that the nationwide cash crunch following the Central Bank of Nigeria (CBN) naira redesign policy would subside post presidential and national assembly elections. Also, the analysts urged the incoming government to first unite the country and roll out policies that would encourage private sector growth. They hinted that the economy regardless of who is elected to the highest office in the land would bounce back… …………….……..Read More
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