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Daily Business News Brief – September 19th, 2023

Home   /   Business News Brief   /   Daily Business News Brief – September 19th, 2023
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September 19, 2023
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in Business News Brief
Improved tier 1 banks’ earnings, dividend payout lift index by N246 billion – Guardian
Following improved half-year (H1) earnings and interim dividend payout from tier-one banks, the Nigerian equities market reopened in an upbeat position yesterday as capitalisation rose by N264 billion.
At the close of transactions, the all-share index (ASI) rose by 481.43 points, representing a gain of 0.71 per cent to close at 67,877.17 points. Also, market capitalisation gained N264 billion to close at N 37.15 trillion……….. …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

Stakeholders demand CBN’s independence under Cardoso – Punch
Capital market operators have urged the newly-nominated Central Bank of Nigeria governor, Dr Olayemi Cardoso, to maintain the independence of the apex bank for the sake of the economy.
President Bola Tinubu on Friday nominated Cardoso as the new CBN governor for a term of five years at the first instance, pending his confirmation by the Senate…………… ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Amid oil theft, vandalism, Oando’s profit hits N32.9 billion – Guardian
Oando, Nigeria’s indigenous energy solutions provider, yesterday, posted an N32.9 billion profit-after-tax in its full-year-ended 2021 financial.
Despite being impacted by an astronomical increase in militancy and sabotage at the time of financial reporting, the company recorded a 68 per cent increase in their turnover to N803.5 billion compared to N477.1 billion …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Stakeholders laud Cutix over quality delivery – Punch
Stakeholders have scored Cutix Plc for its successful operations in the country in the last 40 years despite the prevailing harsh economic conditions.
Cutix Plc is a Nigerian company that specialises in the production and distribution of electrical, automotive, and telecommunications wires, cables, and related products. …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

FCMB supports female entrepreneurs with loans, others – Punch
First City Monument Bank says it has launched the SheVentures Export Readiness Programme, a new initiative to support women-owned businesses in Nigeria looking to expand into global markets.
According to a statement, the programme would give participants access to insightful knowledge, focused advisory, and zero-interest loans to fund their export trade logistics. …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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