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Daily Business News Brief – November 9th, 2023

9
Nov

Inflation, FX, many tariffs compound Nigeria’s trade woes – Guardian
Nigeria’s alignment with the current economic reality, coupled with rising inflation, slow growth, floating of exchange rate and volatility in global oil prices, may have exposed the fragility of her economic model and affected its global trade standing.
While trade presents one vital but often untapped pathway to poverty reduction, through its effects on investment…………….. .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

Stocks can give better returns than crypto, say stakeholders – Punch
Stakeholders in the capital market have said that the equities market can provide better returns for young Nigerians compared to cryptocurrency and foreign exchange trading.
This was disclosed at the NGX Regulation Retail Investor Workshop themed ‘Deepening financial inclusion in the retail investor ecosystem’. . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Mecure lists on NGX, plans IPO – Punch
MeCure Industries Plc has revealed its plans to raise funds via an Initial Public Offer as it is listed on the Nigerian Exchange Limited.
It stated this during its Facts Behind The Listing presentation held at the NGX on Wednesday.
The Chief Finance Officer/Senior Vice President (Finance), Ifedamola Oluwasegun, said, “Today, what we are doing is listing by introduction…. …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

GSK: Shareholders express concerns over N1.274bn unclaimed dividends – Punch
Glaxo SmithKline Consumer Nigeria Plc’s N1.274bn unclaimed dividend has caused concern among shareholders after the company announced its delisting from the Nigerian Exchange Limited and cessation of operations in the country.
In August, GSK announced plans to stop operations in Nigeria, after over five decades, and instead adopt a distributor-led model to supply the country with its products… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

UBA Restates Commitment to Financing SMEs Across Africa – Thisday
United Bank for Africa (UBA) Plc, has expressed its unflinching commitment to help small and medium scale businesses (SMEs) in Nigeria and across Africa to succeed and contribute meaningfully to their economies and the continent as a whole.
The bank’s management made this pledge at the official opening of the 37th Lagos International Trade Fair (LIFT) 2023, organised by the Lagos State Chamber of Commerce and Industry (LCCI)… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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