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Daily Business News Brief – April 26th, 2023

Home   /   Business News Brief   /   Daily Business News Brief – April 26th, 2023
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April 26, 2023
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in Business News Brief
Renewed bargain hunting in MTN, 32 stocks lift capitalisation by N137b – Guardian
Following renewed bargain hunting in MTN Nigerian and 32 stocks, the Nigerian Exchange Limited (NGX) reopened in an upbeat yesterday, as investors’ wealth rose by N137 billion.
At the close of transactions yesterday, the all-share index (ASI) increased by 250.75 absolute points, representing an increase of 0.49 per cent to close at 51,606.49 points while the overall market capitalisation value gained N137 billion to close at N28.1 trillion…. .. ………. …………. ……………..……..Read More

Seplat seeks new chairman as Omiyi quits – Punch
Seplat Energy Plc has revealed its plans to initiate a recruitment process for a new board chairman, following the retirement of Mr Basil Omiyi.
In a statement, Omiyi announced his retirement as the chairman of Seplat Energy board on Tuesday.
He also disclosed the resignation the Independent Non-Executive Director of the firm, Dr Charles Okeahalam from the board…….. .. .. ….. .. ….. …….. …………….……..Read More

Nigerian Breweries appoints new sales director – Punch
Nigerian Breweries Plc has announced the appointment of Ayodele Lawal as sales director and a member of the management team.
Lawal’s appointment follows the retirement of Uche Unigwe from the company on attaining the mandatory retirement age.
In a notice signed by the company’s secretary, Uaboi Agbebaku, it was announced that the appointment would become effective on May 1……… …………. . ….. . … …………….……..Read More

Digital Banking: Access Holdings, GTCO, UBA Report N7.19trn USSD Transaction in 2022 – Thisday
Three big banks, Access Holdings plc, United Bank for Africa Plc (UBA) and Guaranty Trust Holding Plc has announced N7.19 trillion Unstructured Supplementary Service Data (USSD) transactions in 2022.
The same figure was reported in 2021 financial year.
For GTCO, its USSD transactions dropped to N3.21trillion in 2022, a decline of 22 per cent, while UBA announced N1.56trillion USSD transactions in 2022 from N1.15trillion in 2021. .,……. .. …… . ….. . … …………….……..Read More

Transcorp Group Records Revenue, Gross Earnings Growth in Q1 2023 – Nairametrics
Transnational Corporation Plc (Transcorp), Nigeria’s largest diversified conglomerate, with investments in Power, Hospitality, and Oil & Gas, held its Investors and Analysts Conference Call on Thursday, April 20, 2023, where its Full Year 2022 and Q1 2023 financial results were discussed as well as providing an outlook for the rest of the year.
The Group’s Chief Financial Officer, Joseph Adegunwa, presented a comprehensive overview of the Group’s performance, highlighting key achievements across its portfolio..  ,……. .. …… . ….. . … …………….……..Read More
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