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Daily Business News Brief – December 20th, 2023

20
Dec

Stock Market Extends Positive Momentum, Up 0.09% – Thisday
The Nigerian stock market yesterday extended its positive momentum, gaining 0.09 per cent following investors’ interest in MTN Nigeria Communication Plc and United Bank for Africa Plc (UBA), and 34 other stocks.
As MTN Nigeria Communication and UBA gained 0.6 per cent and 3.1 per cent respectively, the Nigerian Exchange Limited All-Share Index gained 65.19 basis points or 0.09 per cent to close at 72,470.10 basis points from 72,404.91 basis points it opened………………….. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Wema Bank Targets Equity Raise, Increases 2023 Profit Outlook – Independent
Wema Bank will target a share placement or a public offer ahead of a forthcoming industry recapitalisation order, after raising N40 billion this month, its executive director said. 
Tunde Mabawonku, who also serves as Wema’s chief finance officer, said its current share sale would close on Dec. 29 and would help catapult shareholder funds to N160 billion including retained earnings, from N90 billion. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
AIICO Insurance Celebrates Six Decades of Excellence – Thisday
In a recent moment filled with propitiousness, fanfare, and merriment, AIICO Insurance Plc, a  frontline player in the underwriting business in Nigeria, commemorated its 60th anniversary.
The event seamlessly brought together management, staff members, ex-staff members, and other stakeholders of the companyto reflect on the past journey and toast to the successes and accomplishments of the company over the years… .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Zenith Bank listed among 100 top global companies for 2023 – Dailytrust
Zenith Bank Plc has been listed in the World Finance 100 2023 released by World Finance Magazine, achieving the feat as the only Nigerian company in the prestigious and exclusive listing.
Zenith Bank’s inclusion in the list underscores the bank’s outstanding achievements and resilience in a dynamic and competitive global market.. . .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Abbey Mortgage Bank appoints new chairman – Punch
Abbey Mortgage Bank PLC announced the appointment of Samuel Oni as its new chairman, following the retirement of Kanu Ivi.
According to the bank in a statement, the appointment of Oni takes effect from January 1, 2024.
The new chairman is a Fellow of the Institute of Chartered Accountants of Nigeria and the Association of Certified and Chartered Accountants London.. . .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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