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Daily Business News Brief – September 18th, 2023

Home   /   Business News Brief   /   Daily Business News Brief – September 18th, 2023
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September 18, 2023
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in Business News Brief
Banking stocks contribute 66.7% to equities market turnover – Guardian
Heavy transactions in the shares of some banks lifted the volume of shares traded last week, as a turnover of 2.9 billion shares worth N47.4 billion was recorded in 44,654 deals by investors on the floor of the exchange. It was higher than 2.64 billion units valued at N45.5 billion that changed hands in 44,189 deals the previous week……….. …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

UBA: Performance Across Key Metrics Drives Robust Dividend – Thisday
United Bank for Africa (UBA) Plc reported a remarkable performance across key financial metrics in half year (H1) ended June 30, 2023, to remain one of Africa’s financial institutions contending as the most profitable and shareholders yearning for investment………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Operators seek cheap funds, infrastructure to avert printing sector collapse – Guardian
Experts have advocated intervention in the printing sector through the provision of single-digit funds to enable operators to scale up capacity, maintain healthy cash flow and boost profitability.
Managing Director of Academy Press Plc, Olugbenga Ladipo, in a chat with The Guardian at the firm’s 2022 yearly general meeting held in Lagos at the weekend, said the sector is faced with myriads of problems…………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Exchange rate tops expectations for new governor – Businessday
A stable exchange rate is expected to be the number one priority of Olayemi Cardoso, the newly appointed governor of the Central Bank of Nigeria (CBN), according to economists and analysts.
The appointment made by President Bola Tinubu on Friday has been described as a welcome development by most of the analysts polled by BusinessDay. …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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