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Daily Business News Brief – November 30th, 2023

30
Nov

Gains Lift Stock Market by N133bn – Thisday
The stock market of the Nigerian Exchange Limited (NGX) yesterday recovered from previous session losses, as the overall market capitalization appreciated by N133 billion on renewed investor interests in Seplat Energy Plc and 20 other stocks.
The NGX All-Share Index (ASI) gained 242.29 basis points or 0.34 per cent to close at 71,283.34 basis points. Also, market capitalisation rose by N133 billion to close at N 39.008 trillion…………. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

10.84bn units of Consolidated Hallmark HoldCo listed on NGX – Punch
Following the delisting of the shares of Consolidated Hallmark Insurance, over 10.84 billion units of the newly constituted company, Consolidated Hallmark Holdings Plc have been listed on the Nigerian Exchange Limited.
In a market bulletin signed by the Head, Listings Regulation Department of NGX Regulation, Godstime Iwenekhai, it was indicated that the entire 10,840,000,000. ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Fidelity Bank Partners LCCI to Address Business Challenges  in Nigeria – Thisday
Fidelity Bank Plc has restated its determination to help businesses run profitably and sustainably.
The bank stated this at a conference to discuss solutions to challenges bedeviling the growth of businesses in the country, it jointly organised with the Lagos Chamber of Commerce and Industry (LCCI)…………. …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

FCMB group records 108% profit before tax – Dailytrust
The FCMB Group Plc said it recorded a 108 per cent Year-on-Year growth in profit before tax.
In a statement yesterday, it said its profit rose to N55.1bn for the nine months ending September 30, 2023, surpassing the N26.5bn recorded in the same period in 2022.
It attributed the achievement to its performance across FCMB Group’s diverse business segments…. …. …………… …. …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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