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Daily Business News Brief – June 23rd, 2023

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June 23, 2023
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in Business News Brief
Equities reverse gains as index dips by 0.19% – Guardian
Following losses in Okomuoil and 30 stocks, the equities market reversed three sessions of gains to close on a downturn yesterday, causing the All-share index to decline by 0.19 per cent.
At the close of transactions yesterday on the Nigerian Exchange Limited (NGX), the All Share Index (ASI) declined by 112.69 points, representing a loss of 0.19 per cent to close at 59,211.26 points……………. ….. …….,…. ……… .. .. ….. .. ….. …….. …………….……..Read More

DMO worries over low revenue as Nigeria’s debt nears N81tn – Punch
Nigeria’s total public debt may hit N81.64tn this year, according to findings by The PUNCH.
The figure was arrived at based on the 2022 Debt Sustainability Analysis Report by Debt Management Office.
According to the debt office, the increase in total public debt-to-GDP to 37.1 per cent in 2023 from 23.4 per cent as of September 2022 was due to the inclusion of an estimated N8.8tn 2023 debt, the government’s Ways and Means debt of over N23tn, and an estimated Promissory Notes issuance of N2.87tn in the debt stock… .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

Ecobank, PAPSS Partner to Enhance Cross-border Payment Across Africa – Thisday
Ecobank Group, and The Pan African Payment and Settlement System (PAPSS) have signed a Memorandum of Understanding (MoU) to facilitate settlement of cross-border transactions of the Group, including the transactions of all their subsidiaries, through PAPSS.
The  MoU was signed  during the opening ceremony of the 30th African Export-Import Bank  (Afreximbank) Annual Meeting held in Ghana.. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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