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Daily Business News Brief – January 22nd, 2024

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January 22, 2024
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in Business News Brief
Industrial index rises by 46.9%, amid interests in cement firms – Guardian
The industrial index led the gainers’ chart at the end of last week’s trading in the equities segment of the capital market as investors’ rising appetite for Dangote Cement (+53.9 per cent) and BUA Cement (+45.8 per cent) lifted the sector by 46.9 per cent.
The development spurred a year-to-date (YTD) increase of 59.4 per cent in the sector, to rank the best-performing this year…………………………….. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Operators project drop as investors gain N6.3bn in one week – Punch
Some analysts are anticipating a pullback on the Nigerian Exchange over concerns that it may have reached the overbought region.
The market capitalisation of the NGX closed in the green zone in the past week with investors gaining N6.29tn last week.
The benchmark index recorded a 13.84 per cent week-on-week gain, closing at 94,538.12..,……. … …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Odu’a Investment eyes NGX listing – Punch
Odu’a Investment Company Limited has revealed plans to list on the Nigerian Exchange. The Chairman of the conglomerate, Bimbo Ashiru, disclosed this on the floor of the exchange during a closing-gong ceremony on Friday.
Ashiru said that the group was looking at its different subsidiaries and considering listing one of them on the exchange……… ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Unilever Nigeria stops production of Omo, others despite 51% turnover growth – Dailytrust
Unilever Nigeria Plc says it has stopped the production and sale of home care and skin cleansing products.
The company which disclosed this in its unaudited interim report for the twelve months ended 31st December 2023, also revealed a turnover of N97.4 billion in the period under review which represents 51% topline growth compared to N64.6 billion turnover recorded in the corresponding period in 2022……………………………………………, ….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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