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Daily Business News Brief – October 19th, 2023

Home   /   Business News Brief   /   Daily Business News Brief – October 19th, 2023
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October 19, 2023
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in Business News Brief
Anticipation of improved Q3 earnings, dividend lifts index further by 0.04% – Guardian
Positive sentiments ahead of the third quarter (Q3) earnings and interim dividend declaration by listed firms have continued to lift transactions on the equities sector of the Nigerian Exchange Limited (NGX) as price appreciations in Eterna Plc and 18 stocks lifted the All-Share Index (ASI) further by 0.04 per cent.
Specifically, at the close of trading yesterday, the ASI rose by 27.11 per cent, representing an increase of 0.04 per cent, to close at 67,353.23 points…… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

2023 9 Months: Geregu Power reports 42% rise in revenues, pre-tax profits also surge 25% to N17.4 billion – Nairametrics
Geregu Power, Nigeria’s leading electricity generation company, has announced an impressive 42% increase in revenue during the first nine months of 2023, despite the challenging economic conditions.
Based on the data found in the company’s 9-month interim financial report, their revenue reached N55.7 billion, a significant rise from the N39 billion recorded in the same period last year………………………… ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Caverton Marine achieves ISO 9001:2015 certification for high-quality GRP boat production – Guardian
Caverton Marine, a subsidiary of Caverton Offshore Support Group, has announced receipt of the prestigious ISO 9001:2015 certification by the Standards Organisation of Nigeria.
For Caverton Marine, a leading provider of marine and aviation logistics services to local and international oil and gas companies in Nigeria and Sub-Saharan Africa,………,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Green economy: Stanbic Bank plants 30,000 trees – Dailytrust
Stanbic IBTC Holdings, a member of the Standard Bank Group, said it was actively supporting the Green Recovery Nigeria (GRN) Programme in collaboration with the Nigerian Conservation Foundation (NCF).
The aim is to elevate Nigeria’s forest cover from its current meager 5% to the recommended 25% of national land cover by 2050, as recommended by the Food and Agriculture Organisation..,,…..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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