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Daily Business News Brief – July 24th, 2023

24
Jul

SEC to Raise Awareness on Sustainable Finance, Climate Change Mitigation – Thisday
In a bid to ensure that the initiatives of the Revised Capital Market Master Plan 2015 – 2025 (RCMMP), which it the blueprint for harnessing the opportunities for economic growth and development in the country are copiously implemented, the Securities and Exchange Commission (SEC), is set to hold a hybrid workshop on ESG to sensitize market stakeholders on the concept of sustainability…………… .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

Dangote cement completes first set of share buy-back – Punch
Dangote Cement has completed the first tranche of its share buy back programme.
The share buy back programme was announced early July.
In a corporate notice filed on the Nigerian Exchange Limited on Thursday, Dangote Cement said the first tranche commenced on Monday and was completed on Tuesday via the open market on NGX. …………….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Trading above N5 Per Share, NGX Reclassifies Fidelity Bank as Medium Price Stock – Thisday
Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (NGX) has announced the reclassification of Fidelity Bank Plc from small price stock to medium price stock.
The stock price of Fidelity Bank, among others listed banks, have benefited from the Central Bank of Nigeria (CBN) foreign exchange policies that has contributed to foreign and domestic investors’ surge demand..,….. ………. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

eTranzact processes N50tn transactions – Punch
The Managing Director, eTranzact International Plc, Mr. Olaniyi Toluwalope, has said the company processed over N50tn transactions in the 2022 financial period.
He disclosed this during the company’s 19th annual general meeting in Lagos while presenting his report in the financial statements of the company. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Northern Nigeria Flour Mills Total Asset Up 34% – Thisday
Northern Nigeria Flour Mills Plc (NNFM a member of Flour Mills of Nigeria group, has revealed that its asset grew by 34 per cent in the full-year financial results for 2022/2023. 
Commenting on the result in a statement released by the firm, the Group Managing Director and CEO of the company, Mr. Omoboyede Olusanya, said their state-of-the-art production facilities and the commitment to ensure the highest standards of product quality and unwavering consistency was critical to the FY performance…. ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Wigwe and Access Holdings’ Unquenching Drive for Continental Leadership – Thisday
From all indications, the Group Managing Director of Access Holdings Plc, Mr. Hebert Wigwe, is not about to slow down on his continental expansion anytime soon.
From Nigeria to Rwanda, South Africa, Mozambique, Kenya, Zambia, among several others, the expansionist adrenaline rush in Wigwe has remained on the rise, in spite of the global headwinds….. ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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