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Daily Business News Brief – January 11th, 2024

11
Jan

Investors lose N639 billion amid sell pressure in 62 stocks – Guardian
Following sell pressure in 62 stocks, the Nigerian Exchange Limited (NGX) halted six consecutive days of gains, closing in on a downturn yesterday, causing market capitalisation to shed N639 billion.
At the close of transactions yesterday, the All-Share Index (ASI) lost 1,167.46 points, representing a decline of 1.40 per cent to close at 82,024.38 points. Also, market capitalisation declined by N639 billion to close at N44.885 trillion…………………………… ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
UBA, Sterling, Access Holdings, Jaiz Bank As Best Performing Stocks On NGX  – Independent
For the fourth consecutive year, the Nigerian Exchange Limited (NGX) ended the year 2023 with stellar performance which is largely dominated by local investments as market capitalisation closed 2023 trading at N40.918 trillion, representing an increase of N13 trillion or 46.6 percent, from the N27.91 trillion it closed for trading in 2022. 
…… … …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Stanbic IBTC leads retail, SME banking in KPMG’s survey – Guardian
Stanbic IBTC Holdings has proven its commitment to delivering exceptional customer experiences by securing top spots in KPMG’s 2023 West Africa Banking Industry Customer Experience Survey.
In the recently-released survey results, Stanbic IBTC emerged as a leader in retail, SME and corporate segments…. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Jaiz, Zenith banks deny arrest of MDs – Dailytrust
Jaiz bank and Zenith banks have denied media reports that the managing directors were arrested by the Economic and Financial Crimes Commission (EFCC).
In separate press statements yesterday, the banks said the EFCC requested for documents related to the accounts of the Ministry of Humanitarian Affairs and Poverty Alleviation………. . .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Abbey Welcomes New Board Member – Independent
Abbey Mortgage Bank, has announced the appointment of Mrs. Adenike Kuti as a new Independent Non-Executive Director to the Board. 
The Bank in a statement noted this appointment is set to pave the way for new opportunities and exciting directions for Abbey Mortgage Bank……. . .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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