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Daily Business News Brief – September 22nd, 2023

22
Sep

Index dips by N36 billion amid losses in 30 stocks – Guardian
Following price depreciation in 30 stocks, the stock market continued on a downturn yesterday, resulting to a further slide in market capitalisation by N36 billion.
Accordingly, the all share index (ASI) declined by 64.58 points, representing a loss of 0.09 per cent to close at 68,271.14 points. Also, market capitalisation shed N36 billion to close at N37.365 trillion…………. …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

Veritas Kapital recorded N2.7bn net premium in 2022 – Chairman – Punch
Veritas Kapital says it recorded N2.7bn net premium in 2022 financial period.
A statement said the underwriting firm got its shareholders’ commended on the performance during its 46th annual general meeting in Abuja.
“Veritas Kapital Assurance has announced a net premium income of N2.1bn for the 2022 financial year, which translates to a marginal one per cent growth compared to N2.7n in 2021,” the statement said…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

SEC Approves Ellah Lakes’s N2.9bn Rights Issue Amid N1.01bn Loss in 2022FY – Thisday
Ellah Lakes Plc, yesterday announced that the Securities and Exchange Commission (SEC) has granted approval to its proposed N2.9 billion via rights issue exercise.
The company in a notice on the Nigerian Exchange Limited (NGX) said it got approval to conduct the signing ceremony with regards to the proposed rights issue of 1,000,000,000 ordinary shares of 50 kobo each at N2.90 per share,. …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Wema Bank debuts Hackaholics digital summit – Punch
Wema Bank has announced the launch of the Hackaholics Digital Summit, a gathering for Africa’s innovators, disruptors, regulators, policymakers, investors and customers in the digital space.
This was revealed in a statement issued on Wednesday by the bank where it was stated that the summit will serve as a hub for sharing insights, trends, and best practices in the tech industry towards the positive . …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

CBN Postpones MPC Meeting – Independent
The 292nd meeting of Monetary Policy Committee (MPC) of the Central of Nigeria (CBN) which was scheduled to host between September 25th and 26th, 2023 has been postponed.
Dr. Isa AbdulMumin, Director, Corporate Communications of the CBN, confirmed the postponement in a statement made available to Daily Independent… …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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