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Daily Business News Brief – March 24th, 2023


Equities halt gains as capitalisation dips by N6 billion – Guardian
The bears resurfaced on the equities sector of the Nigerian Exchange Limited (NGX), halting two days of consecutive rally, as market capitalisation declined further by N6 billion. At the close of transactions yesterday, the All-Share Index declined by 12.03 per cent, representing a decrease of 0.02 per cent, to close at 54,924.08 points.. …………. ……………..……..Read More

NGX promotes investment culture among youths = Punch
Nigerian Exchange Limited says it has continued its advocacy of building saving and investing culture in young Nigerians as it celebrates the 2023 edition of ‘Global Money Week’.
It said the week was to raise awareness on the importance of ensuring that young people, from an early age, were financially aware, and gradually acquiring the knowledge, skills, attitudes, and behaviours necessary to make sound financial decisions and ultimately achieve financial well-being and financial resilience…. .. ….. …….. …………….……..Read More

Order banks to revamp e-banking platforms, Reps tell CBN – Punch
The House of Representatives has urged the Central Bank of Nigeria to direct banks to immediately revamp their electronic transaction platforms. According to the House, the move has become necessary in the aftermath of the recent CBN policies, which have put pressure on online and electronic banking. .. …. ….. ,…. ………………..……..Read More

CBN disburses fresh N39.36 billion under ABP, other interventions – Guardian
Despite its commitment to tapering its interventions, the Central Bank of Nigeria (CBN), this year alone, released fresh N12.65 billion under its flagship Anchor Borrowers’ Programme (ABP).
The amount, which was disbursed to three agriculture projects in January and February, brings the total disbursement through the scheme to N1.09 trillion…. . ….. . … …………….……..Read More

SEC Task Youths on Investment, Savings Culture – Thisday
Securities and Exchange Commission (SEC) has urged young people to plan their future by engaging in savings and investments from an early age. Director, Market Development Department, SEC, Mr. Nestor Ikeagu stated this while speaking at the Global Money week organised by the commission yesterday in Abuja….. . ….. . … …………….……..Read More

Jaiz Bank Plc appoints Musbahu Bashir as acting Chairman, as Mutallab resigns – Nairametrics
Jaiz Bank Plc has announced the appointment of Dr. Musbahu Bashir as its acting Board Chairman subject to the CBN’s approval….. . ….. . … …………….……..Read More
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