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Daily Business News Brief – October 5th, 2023

5
Oct

Market dips by N158 billion amid losses in MTNN, NGX – Guardian
Following losses recorded by many bluechip stocks, especially MTN Nigeria (MTNN)Communications and Nigerian Exchange Group (NGX Group), trading activities on the domestic stock market closed in a downturn yesterday, as market capitalisation depreciated by N158 billion.
The all-share index (ASI) lost 288.69 points, representing a decline of 0.43 per cent to close at 66,482.28 points.. .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

Foreign investment inflow drops by $18.6bn – Report – Punch
Foreign investment inflow into Africa’s largest economy declined by $18.6bn in four years (2019-2022), The PUNCH has learnt.
Also in the review period, eight states in the federation failed to attract any form of foreign investment
The affected states are Taraba, Yobe, Zamfara, Bayelsa, Ebonyi, Gombe, Jigawa and Kebbi. .. …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Wema Bank, WakaNow boost travelling with ALAT – Punch
Wema Bank and pioneer of digital bank, ALAT, has partnered with Africa’s travel tech company, Wakanow, to integrate digital banking and seamless flight bookings through the ALAT platform.
According to a statement made available to The PUNCH, “This groundbreaking partnership aims to revolutionise banking and financial services in Nigeria….,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

NPF Microfinance Bank Refutes Malicious Report on Directors’ Remuneration – Nairametrics
NPF Microfinance Bank Plc has refuted mischievous and malicious report published in a section of the media News claiming that non-executive directors of the bank received N264.5m renumeration during the first half of this year.
The Bank will like to inform its Customers and the Public that this media news is false and misrepresentation of facts and figures…..,. …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Chapel Hill Denham to List N200bn Infrastructure Fund on NGX – Thisday
The Nigerian Exchange Limited (NGX), yesterday said it is set to admit the listing of Nigeria Infrastructure Debt Fund (NIDF) N200 billion public infrastructure investment fund by Chapel Hill Denham on its bourse.  
The fund aims to provide investors regular and stable income by making primarily debt investments in infrastructure projects located in Nigeria.. ., … …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Access Bank Partners Thunes to Enhance Cross-border Payments Across 13 Nations – Thisday
Access Bank Africa has embarked on a strategic partnership with Thunes, a prominent global payment infrastructure platform to enhance cross-border payments in Africa. 
The bank in a statement noted that the primary objective of this collaboration is to streamline and simplify cross-border transfers and payments, benefiting both customers and non-customers of Access Africa.. ., … …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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