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Daily Business News Brief – July 21st, 2023

21
Jul

Nigerian Stocks continue bullish run, gains N95 billion  – Nairametrics 
The Nigerian equities market closed on a positive note, as the market capitalization of listed companies increased by N95 billion on Thursday, 20th July 2023.
The market closed slightly higher today, with a 0.27% increase in its value to N34,811 trillion.
This represented a minor decline of N95 billion from the previous session’s closing value of N34,716 trillion………….. .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

FBN Holdings half year profit rises to N187bn – Punch
FBN Holdings’ half-year profits for 2023 grew by 231 per cent to N187.24bn compared to N56.602bn recorded at the end of June 2022.
The group’s unaudited consolidated financial statements for the period ended June 30, 2023, released on Thursday showed that the growth was on the back of interest income and fee and commission income…………….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Fidelity Bank seeks shareholders’ approval to raise capital – Punch
Fidelity Bank said it will seek the approval of its shareholders to raise additional capital via issuance of 13,200 billion ordinary shares.
This was disclosed in the notice of Extraordinary General Meeting signed by the Company Secretary, Ezinwa Unuigboje and filed on the Nigerian Exchange Limited.
The company revealed it would raise the funds via a combination of public offer and a rights issue.,….. ………. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

NGX Group Plc confirms appointment of Obehi Ikhaghe as company secretary – Nairametrics
Nigerian Exchange Group Plc has announced the confirmation of Ms. Obehi Ikhaghe as Company Secretary effective 13 April 2023.
This is according to a statement signed by the CEO, Oscar N. ONYEMA, OON and filed with the Nigerian Exchange Limited (NGX).
Ms Ikhaghe was appointed as the acting Company Secretary in January 2023 following the exit of the former Company Secretary, Mrs Mojisola Adeola… ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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