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Daily Business News Brief – October 3rd, 2023

3
Oct


Nigeria stock market closes Q3 with 29.52% gain – Dailytrust
The Nigerian Stock Exchange (NGX) All-Share Index appreciated by 29.52% to close at 66,382.14 index points in the third quarter of 2023.
This development has pushed the market to its 15-year high on the back of strong positive sentiments.
Available statistics showed that the All-Share Index, which is the broad index that measures the performance of Nigerian stocks, .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

DMO opens offer for FGN savings bonds with 12% interest – Dailytrust
The Debt Management Office (DMO) has initiated the subscription process for two-year and three-year Federal Government of Nigeria bonds for October with an interest rate of up to 12%.
This announcement was made in a statement on the DMO’s official website.
The subscription period is set to last for four days, running from October 3rd to October 6th, 2023… …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Abbey shareholders endorse shares reduction – Guardian
Shareholders of Abbey Mortgage Bank Plc have endorsed a reduction of the company’s issued share capital by N3.541 billion proposed by the board of directors.
The shareholders gave their approval at the Company’s extraordinary general meeting held at the weekend in Lagos…,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Underwriter assures shareholders of better returns – Guardian
Determined to increase shareholders’ confidence in its business, Universal Insurance has delivered an outstanding performance for the financial year ending in December 2022, with profit for the year appreciating by 341 per cent, from N161,147 million in 2021 to N667,814 million.
Addressing shareholders at the 56th yearly general meeting in Lagos, the company’s Chairman….,. …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Stakeholders commend Int’l Breweries on environmental sustainability – Vanguard
International Breweries (IB) Plc has been commended by its stakeholders for coordinating its brewery operations in line with best practices and focus on its Environmental, Social, and Governance (ESG) agenda.
Stakeholders, comprising regulatory authorities, government representatives, and members of the communities expressed these views during a facility tour of the company’s Gateway Plant in Ogun State. ., … …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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