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Daily Business News Brief – March 16th, 2023


Investors lose N127 billion amid sustained profit taking – Guardian
The Nigerian Exchange Limited (NGX) extended losses to a third consecutive session yesterday, causing investors’ wealth to decline further by N127 billion as profit taking takes toll on the exchange.
Consequently, the All Share Index (ASI) fell by 232.70 points or 0.42 per cent to 55,490.20 points. Accordingly, investors lost N127 billion in value as market capitalisation declined to N30.229 trillion……….. ……………..……..Read More

BREAKING: Nigeria inflation rises to 21.91% – Punch
Nigeria inflation rate has risen to 21.91%, compared to January 2023 inflation rate which was 21.82%. The percentage represents a 0.09% point increase. This was disclosed in a recent Consumer Price Index report by the National Bureau of Statistics on Wednesday.. .. ….. …….. …………….……..Read More

Shareholders Raise Concern over Negligence of Minority Investors in Capital Market – Thisday
Shareholders under the aegis of the Proactive Shareholders ’Association of Nigeria (PROSAN) has raised concerns over the negligence of minority shareholders in the Nigerian capital market, and it is ready to take the bull by the horn and address it at the 2023 investors summit taking place in Ibadan, Oyo state. ….. ,…. ………………..……..Read More

Manufacturers set 100-day agenda for Buhari’s successor – Guardian
With the local manufacturing sector yet to recover from the impact of several policies by the current administration, the Manufacturers Association of Nigeria (MAN) has unveiled a set of deliverables the incoming president should accomplish within 100 days of inauguration. ….. . … …………….……..Read More

Jaiz Bank Appoints Alhassan ED Business For North – Dailytrust
Nigeria’s leading non-interest bank, Jaiz Bank, has appointed Abdulkarim Alhassan as the Executive Director (ED) to oversee the Northern Operations of its business development.
As the new ED, Alhassan is expected to facilitate the bank’s strategic planning and implementation with a view to driving business growth and profitability in the North…. ’…. … …………….……..Read More
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