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Daily Business News Brief – December 8th, 2023

8
Dec

Tier -1 bank shares dip as NGX market cap loses N192bn – Punch
The banking index dropped on Thursday by 2.1 per cent, a day after recording a 5.01 per cent gain due to sell pressures on stocks of First Bank of Nigeria Holdings, AccessCorp, Zenith Bank, GTCO, United Bank for Africa, and Jaiz Bank.
FBN Holdings’ shares which led the losers’ chart dipped by 9.86 per cent or N2.90 per unit to close at N26.50. This comes a day after its market capitalisation had hit N1tn. It closed with a market cap worth N951.23bn……………. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Investment tribunal fixes Dec 15 for hearing on complaint against SEC – Guardian
The Investment and Securities Tribunal (IST) has fixed December 15 for hearing on the application filed by the estate of late Abubakar Garba Gobir against the Director General of the Securities and Exchange Commission (SEC) for disobeying a court order.
The tribunal had in its judgment dated January 6, 2023 directed SEC to enforce its decision against….. . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
UBA Business Series: SMEs advised to track growth, keep records – The Nation
Seasoned business owners have advised Small and Medium Scale Enterprises (SMEs) owners and operators on winning tips that will help them run successful online businesses especially in the face of growing competition and challenging business terrain.
Speaking during the United Bank for Africa (UBA) Business Series hybrid event held yesterday at the bank’s Head office in Lagos,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Zenith Bank director acquires 1.7m units of shares – Punch
An executive director of Zenith Bank Plc, Dr Temitope Fasoranti, has acquired over 1.7 million units of the lender’s shares.
This was revealed in a corporate notice signed by the Company Secretary/General Counsel, Zenith Bank, Michael Otu, which was filed with the Nigerian Exchange Limited on Thursday……………. …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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