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Daily Business News Brief – December 6th, 2023

Home   /   Business News Brief   /   Daily Business News Brief – December 6th, 2023
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December 6, 2023
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in Business News Brief
Index rises by N166 billion as BUA Cement, 39 others gain – Guardian
Recovering from the previous losses, Nigerian Exchange Limited (NGX) posted a gain of N166 billion amid price appreciation in BUA Cement and 39 stocks.
At the close of transactions yesterday, the All-Share Index (ASI) gained 303.34 points, representing a gain of 0.43 per cent to close at 71,250.17 points…………… ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
DMO auctions 4 FGN bonds valued at N360b – Nation
The Debt Management Office (DMO) yesterday announced the offer for subscription of four Federal Government of Nigeria (FGN) bonds valued at N360 billion through auction.
According to a statement issued by the DMO, the first offer is April, 2029 FGN bond valued at N90 billion, at interest rate of 14.55 per cent per annum (10-year re-opening).. . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
SEC, IFSB partner to boost Nigeria’s non-interest capital market – Punch
The Securities and Exchange Commission and the Islamic Financial Services Board have collaborated to boost the non-interest capital market in the country.
According to a statement issued by the SEC on Tuesday, the partnership will result in a two-day High-Level International Forum on Non-Interest (Islamic) Capital Market, aimed at tackling the challenges hampering further development of the Non-Interest Capital Market in Nigeria………….. …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Veritas Kapital appoints new MD – Punch
Veritas Kapital Assurance has announced the appointment of Dr Adaobi Nwakuche as its new Managing Director and Chief Executive Officer.
The firm disclosed this in a statement on the NGX, signed by the Company’s Secretary, Mr Saratu Garba, on Tuesday.
The appointment follows the exit of the firm’s immediate past MD, Mr Kenneth Egberan, who left upon the expiration of his contract…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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