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Daily Business News Brief – June 7th, 2023

Home   /   Business News Brief   /   Daily Business News Brief – June 7th, 2023
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June 7, 2023
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in Business News Brief
Renewed appetite in Airtel, others lift index by 0.4% – Guardian
Investors’ renewed appetite for the shares of highly-capitalised (highcap) companies, especially Airtel Africa lifted the all-share index (ASI) by 0.4 per cent at the close of trading yesterday.
The index gained 232.14 points, representing a growth of 0.42 per cent to close at 56,038.85 points. Also, market capitalisation appreciated by N126 billion to close at N30.513 trillion…… ….. …….,…. ……… .. .. ….. .. ….. …….. …………….……..Read More

SEC collaborating with SON to develop standards for commodities-Yuguda – Nairametrics
The Securities and Exchange Commission (SEC) has said that it is collaborating with the Standards Organization of Nigeria (SON) to develop standards for commodities.
Director General of the SEC, Mr. Lamido Yuguda who stated this in Lagos said Nigeria has various commodities that could be exported in a bid to grow the economy, provide jobs for Nigerians as well as provide the nation with forex….. ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

World Bank marks down Nigeria’s growth projection to 2.8 per cent – Guardian
The World Bank, in its June Global Economic Prospects, has marginally marked down Nigeria’s output growth for this year to 2.8 per cent on account of the slower speed seen in the first quarter.
The economy is expected to see faster growth of three per cent and 3.1 per cent in 2024 and 2025 respectively.
June’s 2.8 per cent projection is 0.1 percentage point lower than the earlier estimate and 0.3 per cent lower than the 3.1 per cent real growth expansion recorded last year. .. . … .. ….. …. .. .. .,……. .. …… . ….. . … …………….……..Read More

Linkage Assurance Grows Profit by 120% – Thisday
Linkage Assurance Plc said it recorded positives in all performance indices in its business outing for the year ended December 31, 2023.
The company said this was achieved amidst tough operating environment it waded through in the financial year 2022. The company during the period recorded gross written premium (GWP) of N12.98 billion, as against N11.16 billion in 2021, a 16 percent increase….  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

AIICO Insurance Refutes Allegations on  Breach of Contract – Thisday
AIICO Insurance Plc, has refuted recent reports trending in the online media saying that a Lagos lawyer dragged its management to court  over breach of contract .
The company faulted the report, describing it as being sensational and misleading. 
“It is important to clarify that the headline implies that AIICO Insurance breached the contract with its client, whereas the reality is that the client failed to fulfil his contractual obligations to the letter which failure actually undermines the purport of this Insurance Contract….. ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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