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Daily Business News Brief – October 6th, 2023

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October 6, 2023
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in Business News Brief
Bulls back as gains in NASCON, 23 stocks lift indices – Guardian
The bulls resurfaced on the equities sector of the Nigerian Exchange Limited (NGX), yesterday, as gains in NASCON Allied Industries Plc and 23 stocks lifted total capitalisation by N141 billion.
At the closed of transactions, the all-share index (ASI) gained 87.91 points, representing a gain of 0.13 per cent to close at 66,570.19 points. Also, market capitalisation rose by N141 billion to close at N36.527 trillion. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

Flour Mills targets self-sufficiency in sugar production – Punch
Flour Mills of Nigeria Plc has said that it is aiming to help Nigeria achieve self-sufficiency in the production of sugar and its by-products.
The food and agro-allied company said this in a statement made available to The PUNCH on Sunday, in which it said it had been at the forefront of driving food sufficiency in Nigeria .. …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Stanbic IBTC launches fintech subsidiary, Zest – Punch
Stanbic IBTC Holdings Plc has launched its pioneering fintech subsidiary, called Zest, to revolutionise the payment sector.
During the launch event in Lagos, the Group Chairman of Stanbic Holdings, Basil Omiyi, speaking on the company’s vision, said, “We aspire to become the leading end-to-end financial services provider for businesses and individuals in our country and region.”…,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Berger Paints harps on sustainable development – Punch
Berger Paints Nigeria Plc has reaffirmed its commitment to adhering to best practices in order to promote sustainable development in the country.
The company pledged to embrace the highest standards in production processes, and environmental protection measures ensuring the responsible management of toxic materials to prevent their release into the environment.,…..,. …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

NIDF Lists N92.53bn First Naira Denominated Infrastructure Fund on NGX – Thisday
The first local currency-denominated infrastructure investment trust fund in Nigeria and Sub-Saharan Africa, Nigeria Infrastructure Debt Fund (NIDF) has been listed on Nigerian Exchange Limited (NGX). 
NIDF listed 853,817,692 units on the main board of NGX at N108.39 per share, representing N92.53billion in market capitalization. .. ., … …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

US Rallies MRS on Business Growth, Strengthen Atlantic Cooperation Partnership – Thisday
In a significant move to bolster the newly formed Atlantic Cooperation Partnership, Ambassador Jessye Lapenn, the Senior Coordinator for Atlantic Cooperation at the Bureau of Oceans and International Environmental and Scientific Affairs, U.S. Department of State, embarked on a visit to Nigeria. .. ., … …………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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