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Daily Business News Brief – March 23rd, 2023

23
Mar

NGX sustains positive sentiments as indices rise further by N17 billion – Guardian
 
Buying interests in Guaranty Trust Holding Company (GTCO) and eight stocks aided the Nigerian Exchange Limited (NGX) to sustain positive sentiments yesterday, as market capitalisation rose further by N17 billion. …………. ……………..……..Read More

E-payment failure mounts pressure on bank’s tech facilities – Punch
As the naira scarcity continues to exacerbate the economic woes of Nigerians, EDIDIONG IKPOTO examines why deposit money banks must improve their technology facilities to tackle the challenges of the Central Bank of Nigeria’s cashless policy…. .. ….. …….. …………….……..Read More

NGX fines Ecobank, PZ Cussons, 2 others for failing listing rules – Dailytrust
 
The Nigeria Exchange Limited (NGX) has fined Ecobank Transnational Incorporated, PZ Cussons, and two other companies for failing to meet its listing rules.
Ecobank, PZ Cussons and John Holt were fined a combined N11.2 million for defaulting on the filing of their audited and interim financial statements in 2022.. …. ….. ,…. ………………..……..Read More

FCMB Group issues N20.68 billion bond – Guardian
 
FCMB Group Plc has announced the issuance of N20.68 billion perpetual 16 per cent fixed rate resettable NC5.25 additional tier 1 capital subordinated bond as part of its N300bn debt issuance programme… . ….. . … …………….……..Read More
fake richard mille
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