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Daily Business News Brief – October 24th, 2023

24
Oct

Capitalisation dips by N22b amid losses in VFD Group, 20 stocks – Guardian
Transactions in the equities sector of the Nigerian Exchange Limited (NGX) reopened on a downturn yesterday, as market capitalisation dipped by N22 billion, amid sell pressure in VFG Group and 20 stocks.
Specifically, at the close of trading yesterday, the All-Share Index (ASI) declined by 38.49 points, representing a loss of 0.06 per cent to close at 66,876.92 points. Also, market capitalisation lost N22 billion to close at N36.742 trillion…….. .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

Naira speculators in trouble as FG moves to digitise FX transactions – Businessday
In the near future, the federal government will automate transactions in the entire foreign exchange market to tame wide arbitrage and punish naira speculators.
Wale Edun, Minister of Finance and coordinating minister of the Economy, mentioned this during the first-panel session at the 29th Nigeria Economic Summit (#NES29)………………………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Fidelity Bank to hold trade expo in Texas – Punch
Fidelity Bank Plc has said the second edition of the Fidelity International Trade and Creative Connect tagged, FITCC Houston, will hold in Houston, Texas in the United States of America.
In a statement, it said the international expo would take place from the 24th to 25th of October, 2023 at the plush George R. Brown Convention Center, 1001 Avenida de las Americas………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

SAHCO Wins Uganda Airlines’ Ground Handling, Takes Over Ibom Air Regional Services – Independent
The Skyway Aviation Handling Company (SAHCO) Plc has won the contract of providing passenger, baggage and ramp handling services to Uganda Airlines at the Murtala Muhammed International Airport (MMIA), Lagos.
Also, the handling company has inked agreement with Ibom Air to handle its regional flights, which commenced last week…..,,…..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

TotalEnergies Marketing Sensitises Customers On Improved Products, Services – Independent
TotalEnergies Marketing Nigeria Plc, a leading lubricants supplier in the country,recently organised a power segment seminar for its customers and partners in Lagos.
The seminar aimed to show­case the latest innovations and solutions offered by TotalEner­gies in the lubricants sector, es­pecially for the power industry……,,…..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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