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Daily Business News Brief – March 14th, 2023

14
Mar


Profit taking in NGX Group, 20 stocks drag capitalisation by N4 billion – Guardian
 
Transactions in the equities sector of the Nigeria Exchange Limited (NGX) reopened on a downturn, yesterday, as profit taking in NGX Group Plc and 20 stocks dragged market capitalisation by N4 billion……… ……………..……..Read More

CBN Directs Commercial Banks to Accept, Pay Out Old N500, N1,000 Notes – Thisday
 
The Central Bank of Nigeria (CBN), yesterday, directed commercial banks and other financial institutions in the country to continue to accept and pay out the old N200, N500, and N1,000 notes till December 31, 2023, in line with a recent Supreme Court ruling. .. ….. …….. …………….……..Read More

Steps to achieve financial goals – Punch
 
Many people dream of a better future and financial freedom. It is important to know that financial success in life depends on proper and well-organised planning. While it is good to adopt savings culture, knowing how to organise and set long and short-term financial goals is a life skill. Think of planning long and short-term goals as you budget your resources…. ,…. ………………..……..Read More

ePayments down 4.8% in February amid unresolved failed transactions – Guardian
 
Contrary to claims that the Central Bank of Nigeria (CBN) policy on naira redesign will deepen electronic transactions in the country, February data from the Nigeria Inter-Bank Settlement System (NIBSS) may have shown otherwise…. . … …………….……..Read More

SEC registres Nigerian Breweries’ 2.1 billion bonus shares – Nairametrics
 
The Securities and Exchange Commission (SEC) has registered the 2,055,226,476 bonus shares approved by the shareholders of Nigerian Breweries at an extraordinary general meeting on 8th December 2022.. ’…. … …………….……..Read More

Guinea Insurance gets fresh N900m capital – Punch
 
Guinea Insurance Plc has said it injected about N900m capital into its business in 2022 financial period. It also said it was in the process of listing 1.8 billion shares. The Managing Director/Chief Executive Officer of the insurance company, Mr Ademola Abidogun, disclosed this at the Nigerian Association of Insurance and Pension Editors’ 2023 first quarter CEO’s Forum in Lagos… ’…. … …………….……..Read More

Dangote Sugar appoints Lawan Wabi as Non-Executive Director – Nairametrics
 
The Board of Directors of Dangote Sugar Refinery Plc (the Company) has appointed Mrs. Yabawa Lawan Wabi as an Independent Non-Executive Director.. ’…. … …………….……..Read More
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