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Daily Business News Brief – June 8th, 2023

Home   /   Business News Brief   /   Daily Business News Brief – June 8th, 2023
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June 8, 2023
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in Business News Brief
Profit-taking in Airtel Africa, 11 Others Down Stock Market by 0.03% – Thisday
The negative sentiment dominated the stock market of the Nigerian Exchange Limited (NGX) yesterday as market indicator dropped by 0.03 per cent amid investors profit-taking on Airtel Africa Plc and 11 others undermined market performance.
The NGX All Share Index (ASI) declined by 14.33 basis points or 0.03 per cent to close at 56,024.52  basis points from 56,038.85 basis points……. ….. …….,…. ……… .. .. ….. .. ….. …….. …………….……..Read More

Unity Bank grows earnings to N57b as Q1 profit rises by 21 per cent – Guardian
Nigeria’s retail lender Unity Bank Plc has posted a profit before tax of N1.1 billion for its full-year results that ended Dec 2022, even as its gross earnings rose by 13.1 per cent to N57 billion, from N50.2 billion posted in the corresponding period of 2021.
The bank, in its audited full-year financial statement submitted to the Nigeria Exchange Group Limited, recorded growth in key performance indicators as reflected in the interest income, loans and advances, customer deposits and profits….. ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

Lafarge Africa appoints Alade-Akinyemi as GMD/CEO as Khaled El-Dokani resigns – Nairametrics
The Board of Directors of Lafarge Africa Plc has announced the appointment of Mr Lolu Alade-Akinyemi as the Group Managing Director/Chief Executive Officer (GMD/CEO) of the Company with effect from 1st July 2023.
The appointment followed the resignation of Mr Khaled El-Dokani as the Group Managing Director/Chief Executive Officer (GMD/CEO) of the Company with effect from 30th June 2023.. .. . … .. ….. …. .. .. .,……. .. …… . ….. . … …………….……..Read More

SEC, SON develop standards for Nigeria’s commodities market
• As Commission restrategises on delisting
• Market capitilisation loses N7 billion – Guardian
The Securities and Exchange Commission (SEC) said it is partnering the Standard Organisation of Nigeria (SON) to develop standards that would make the nation’s agricultural commodities more acceptable in the international market and generate foreign exchange (forex).
Director-General of the SEC, Lamido Yuguda, said Nigeria has various commodities that could be exported to grow the economy, create more jobs and generate forex….  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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