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Daily Business News Brief – September 20th, 2023

20
Sep

Stock Market Maintains Positive Trend, Gains N264bn – Thisday
The Nigerian equities market yesterday maintained its positive trend driven by bargain-hunting in BUA Foods Plc and 35 others lifting the overall market capitalization by N264billion.
The Nigerian Exchange Limited (NGX) All-Share Index rose by 482.05 basis points or 0.71 per cent, to close at 68,359.22 basis points from 67,877.17 basis points when the market opened for trading………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

‘Nigeria needs strong macroeconomic indicators for stable growth’ – Guardian
The United States Deputy Treasury Secretary, Adewale ‘Wally’ Adeyemo, said a stable naira and strong microeconomic outlook are critical to achieving sustainable economic growth.
Adeyemo, who is the most senior official of African descent in President Joe Biden’s administration, said this yesterday during a media interaction in Lagos……………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Cardoso: Inflation, debt management, forex top manufacturers’ demands – Punch
Taming the country’s rising inflation, addressing the issue of forex scarcity and tackling Nigeria’s rising debt are some of the key issues manufacturers have asked the newly nominated central bank governor to speedily address in order to ease the challenges which currently bedevil the real sector of the economy. …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Stockbrokers’ President, Others Unfold Strategies to Grow GDP – Thisday
The President of Chartered Institute of Stockbrokers (CIS), Mr Oluwole Adeosun and other eminent professionals in the public and private sector, over the weekend, identified deployment of the Public Private Partnership (PPP) model and provision of liquidity under ease of doing business among others to enhance accelerated growth and development of the Nigerian Gross Domestic Product (GDP). …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Multinational companies’ exits mount pressure on NGX – Punch
In the last five months, three listed companies on the Nigerian Exchange have announced their plans to quit the market.
The exit of these companies, two of which are British multinationals- GSK Plc and PZ Cussons Plc, and the second oldest bank in Nigeria, Union Bank of Nigeria Plc, will whittle down the market capitalisation of the exchange. It will also reduce the volume of shares available for equity investors to trade upon.. …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
fake richard mille
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