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Daily Business News Brief – September 26th, 2023

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September 26, 2023
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in Business News Brief
Naira rises, stocks fall as Cardoso faces FX backlog – Businessday
The naira appreciated against the dollar on the parallel market while stocks dropped at the end of trading on Monday as markets await the clearing of foreign exchange backlog by Yemi Cardoso, the acting governor of the Central Bank of Nigeria (CBN).
Cardoso was recently appointed by President Bola Tinubu, alongside four deputy governors for a term of five years at the first instance, “pending their confirmation by the Nigerian Senate”.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

Stock Exchange to mobilse capital for Fed Govt’s agenda – The Nation
Chief Executive Officer, Nigerian Exchange (NGX), Mr. Temi Popoola, has reiterated the commitment of the Exchange to lend its support to the Federal Government’s economic rejuvenation programmes.
He said NGX aims to support government by mobilizing capital that will address government challenges and foster wealth creation for Nigerians.,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

NGX tightens brokers’ rules to enhance investors’ protection – The Nation
The NGX Regulation Limited (NGX RegCo)- the self-regulatory body that regulates activities at the Nigerian Exchange (NGX), has launched a code of conduct for officials of dealing members in a bid to strengthen investors’ protection.
The “Code of Conduct for Approved Persons of Trading License Holders, approved by Securities and Exchange Commission (SEC) on August 16, 2023, will take effect on October 3, 2023..,. …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

FG, NGX to Drive Startup Listings with Tech Board – Thisday
The Federal Government through the Ministry of Communications, Innovation and Digital Economy has said it intends to collaborate with Nigerian Exchange Limited (NGX) to stimulate startup listings with the newly created NGX Technology Board.
The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, stated this during a tech event themed, “Invest in Africa’s Future- Let’s talk about exits”- . …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

TotalEnergies Embarks on Effort to Mitigate Impact of Climate Change – Thisday
TotalEnergies Marketing Nigeria Plc has embarked on a series of activities in three States of the federation to mitigate the impact of climate change and safeguard the environment, in commemoration of the World Clean Up Day. The activities included the planting of 114 trees and collection of 4706 kilograms of waste in three States namely Edo, Lagos, and Kano, … …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

FirstBank promotes FDIs flow to Africa – The Nation
First Bank of Nigeria Limited has reiterated its commitment to promoting foreign direct investment flow to Africa.
The bank recently sponsored the Africa International Trade Exhibition (A.I.T.E 2023), held recently in  New York. The event was themed “the imperatives of global trade for African SMEs as a game changer for the continent’s future prosperity”….. …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Bank unveils CSI report – Guardian
Union Bank of Nigeria, a financial service provider, has released its Sustainability, and Innovation (CSI) report, outlining the bank’s efforts across three pivotal areas – Citizenship, Sustainability, and Innovation.
The 7th edition of the report, titled: ‘Driving Inclusive Growth; Impacting Lives, Enabling Success,’ provides an extensive overview of Union Bank’s ongoing commitment to fostering a sustainable future….. …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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