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Daily Business News Brief – January 23rd, 2024

23
Jan

Stock Market’s Benchmark Index Crosses 95,000 Basis Points – Thisday
The stock market of the Nigerian Exchange Limited (NGX), yesterday extended its positive momentum from last week, leading to major benchmark crossing the 95,000basis points threshold.
The All Share Index (NGX ASI) rose by 1,230 basis points or 1.30 per cent to close at 95,768.12 basis points from 94,538.12 basis points it opened for trading……………………………… ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
CBN may raise banks capital base to N900bn – Report – Punch
A new report has projected that the Central Bank of Nigeria may ask commercial banks with international banking licence to raise their capital base to over N900bn.
This came a few months after the Central Bank of Nigeria Governor, Olayemi Cardoso, said the apex bank would be asking lenders to raise more capital in order to support the Federal Government’s vision to grow the economy to $1tn…,……. … …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Dangote Cement hits N10tr market capitalisation
• Why I bought into the company, by Otedola – TheNation
Dangote Cement Plc hit a milestone as a N10 trillion-company yesterday at the Nigerian stock market, the first company to attain such valuation.
Dangote Cement, the publicly quoted flagship of the Dangote Group, has been riding the bulls on the back of intense bargain-hunting by value investors, including Lagos billionaire, Mr. Femi Otedola………. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Geregu, Access Holdings, others touch N1tn cap – Punch
The bullish run on the Nigerian Exchange Limited has seen the elite club of listed companies worth N1tn swell with the entrance of Access Holdings, United Bank for Africa, Geregu Plc and Transcorp Hotels Plc.
The N1tn capitalisation companies, also known as ‘stocks worth over one trillion’ consisted of Dangote Cement, BUA Foods, BUA Cement, Airtel Africa, MTN Nigeria, Seplat, Zenith Bank and Guaranty Trust Holdings Plc at the close of 2023……………………………………………, ….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
fake richard mille
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