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Daily Business News Brief – November 21st, 2023

Home   /   Business News Brief   /   Daily Business News Brief – November 21st, 2023
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November 21, 2023
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in Business News Brief
Stock Market Down N57bn on Sell-off in Stanbic IBTC Holding,14 Others – Thisday
The stock market of the Nigerian Exchange Limited (NGX) yesterday commenced the week’s trading on N57 billion loss driven by investors sell pressures in Stanbic IBTC Holdings Plc and 14 others.
As a result, the NGX All-Share Index declined by 104.29 basis points or 0.15 per cent to close at 71,008.70 basis points. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

SEC to create new e-dividend portal to address unclaimed dividend problems – Vanguard
As the crises of unclaimed dividend lingers, the Securities and Exchange Commission, SEC, has concluded arrangement to create a new e-dividend portal that will facilitate the processing of shareholders’ dividend payment………………. . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

CBN delays MPC meeting again, leaves investors guessing – Businessday
The Central Bank of Nigeria (CBN) has postponed a meeting of its Monetary Policy Committee (MPC) for a second time since Governor Olayemi Cardoso was nominated to the post in September, leaving investors guessing as there was no official communication.
The delay comes as the foreign exchange backlog worth several billions of dollars has not been fully cleared……….. …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

5G: Airtel Nigeria builds 200 sites – The Nation
Airtel Nigeria said it has built no fewer than 200 new sites in order to provide services running on the fifth generation (5G) technology.
It said it is already offering services in Lagos, Ogun, Port Harcourt and Abuja, promising to expand services to more cities very soon.. …………… …. …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

MTN reviews tower contracts to drive efficiency – Guardian
MTN has said there would be periodic reviews of the company’s tower contracts to drive efficiency and ensure optimal performance from vendors.The Chief Executive Officer of MTN Nigeria, Karl Toriola, who stated, said this was against the backdrop of the recent award of tower contracts to ATC and the fact that another 1,500 site contracts would soon be due for renewal……………………. …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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