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Daily Business News Brief – April 19th, 2023


NAHCO, others halt market slide, lift capitalisation by N3 billion – Guardian
Following gains in Nigerian Aviation Handling Company (NAHCO) and 20 stocks, the equities market halted its losing streak, closing in an upbeat yesterday, as market capitalisation appreciated by N3 billion.
At the close of transactions yesterday, the All Share Index (ASI) rose by 11.54 absolute points, representing a gain of 0.02 per cent to close at 51,138.92 points. Accordingly, investors gained N3 billion in value as market capitalisation went up to N27.853 trillion.. .. ………. …………. ……………..……..Read More

SEC: National Savings Sensitisation Takes off Soon – Thisday
The capital market community is to commence sensitization and stakeholder engagement on the implementation of the National Savings Strategy (NSS). 
To this end, an implementation committee would be established to ensure success of this initiative.
This was disclosed by the Director General of the Securities and Exchange Commission(SEC), Mr. Lamido Yuguda at the end of the First Quarter Capital Market Committee meeting held virtually weekend…… .. .. ….. .. ….. …….. …………….……..Read More

FG plans 13 fresh oil sector policies – Punch
The Federal Government will in the coming weeks, release 13 new regulations in the upstream sector of the oil and gas industry.
This was revealed by the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory  Commission, Gbenga Komolafe, on the sidelines of the ongoing Nigerian International Energy Summit in Abuja on Tuesday.
According to Komolafe, the new regulations will be in addition to the six already introduced a few weeks ago by the agency. ….,…. … .. …. ….. ,…. ………………..……..Read More

Afriland shareholders approve N137.4m dividend – Punch
Afriland Properties Plc’s shareholders have approved N137.4m dividend payout for the 2022 financial period.
The real estate firm disclosed this in a statement on Tuesday. It said the Chairman, Afriland Properties Plc, Emmanuel Nnorom, presented its results to the shareholders at its 10th annual general meeting in Abuja.
Afriland said that despite strong economic headwinds, it reported an upward trend for the financial year ending 31st December 2022…… …………. . ….. . … …………….……..Read More

Unilever Seals $2m Partnership Agreement on Plastic Waste Collection – Thisday
Expressing concerns over the increasing plastic waste due to increased consumption of plastics, Unilever Nigeria and Bridges Outcomes Partnerships have entered into a $2 million US partnership to help social enterprise Wecyclers expand plastic waste collection in the country.
Besides, the United Nation Industrial Development Organisation (UNIDO) had stated that consumption of plastics in Nigeria jumped by 116.26 per cent within a period of 15 years to 1.25 million tonnes.,……. .. …… . ….. . … …………….……..Read More
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