12
Oct
October 12, 2023
| Transcorp, Flour Mill, 16 firms lift market cap by N63bn – Punch |
| Gains recorded by Transcorp (+5.41 per cent), BUA Cement (+2.23), Flour Mill (+0.47 per cent) and other 15 gainers on the Nigerian Exchange Limited at the close of trading on Wednesday lifted the market capitalisation by N63bn. Both the market cap and the All-Share Index rose by 0.17 per cent to close at 67,100.49 and N38.864tn respectively as the year-to-date returns settled at 32.06 per cent… .. . .,.. ………… …….. ………………… … .. …… .. …. . ……….. ………. …………. . ….. . … …………….……..Read More |
| U.S. institutional investors eye Nigerian market, canvass right regulatory reforms – Guardian |
| Institutional investors from the United States of America under the Institutional Investor Network have expressed interest in allocating their capital and exploring more direct investment opportunities in the Nigerian capital market. This was the subject of discussion at an engagement between Nigerian Exchange Limited (NGX) and a delegation from the U.S .. …………. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| FBN Holdings: Court to determine status of 11th AGM – Punch |
| The Federal High Court in Lagos will on Thursday, commence hearing of proceedings to determine the status of the 11th Annual General Meeting of First Bank Holdings Plc. Justice Akintayo Aluko will hear arguments from counsel to the parties, following the application of the plaintiff in the case, to commence contempt proceedings against the company and its board of directors……,…………….. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| Oseni: Wema Bank Committed to Fostering National Transformation Through Innovation – Thisday |
| The Managing Director and Chief Executive Officer, Wema Bank, Moruf Oseni has stated that the bank is committed in fostering digital, national transformation through innovation, collaboration. Oseni, who disclosed this recently at the maiden edition of the Hackaholics Digital Summit said the innovation is essential to sustainable success,…..,…………….. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| Foreign investors scale down equity stake to N37bn on political concerns – Vanguard |
| Foreign investors’ stake in Nigerian equities fell Month-on-Month (MoM) by 8.34 percent in August, 2023, on the back of the continued difficulty to repatriate their dividends as well as the political tension in the aftermath of the February 25th presidential election. The Nigerian Exchange Limited (NGX) Domestic and Foreign Portfolio Participation in Equity Trading for August,….,…..,. …………. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| NAHCO to invest billions in equipment – Dailytrust |
| The Nigerian aviation handling company (nahco aviance) has said it is injecting fresh billions into equipment purchases. The chairman of the company, Dr Seinde Fadeni, who spoke during the hand-over ceremony of 21 new vehicles recently purchased for staff, promised that the ground support equipment would be delivered in a few months’ time.. .. .. ., … …………. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
| Capital importation into manufacturing largely loans, bonds – LCCI – Dailytrust |
| The Lagos Chamber of Commerce and Industry (LCCI), yesterday, noted that the capital imported into the manufacturing sector in the first half of the year was largely in the form of loans and bonds, reflecting the challenges facing the manufacturing sector and the need to meet short-term obligations and slowing business activities.. .. .. ., … …………. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |