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Daily Business News Brief – January 24th, 2024

24
Jan

NGX extends bullish rally to ninth day – Punch
The rally on the local equity market entered its ninth day on Tuesday bumping the market capitalisation of the Nigerian Exchange to about N53.97tn.
At the end of trading, investors enjoyed N1.56tn gain.
At the close of trading, the All-Share Index sustained its bullish sentiment performance to appreciate by 2.97 per cent to 98,616.97 basis points, bringing it closer to the historic 100,000 points………………………………. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
‘FG Must Encourage New Listings to Boost Market Participation, Tax Revenue’ – Thisday
The former President,  Chartered Institute of Stockbrokers, (CIS), Mr.  Olatunde Amolegbe, yesterday  called on the Federal Government to encourage new listings on the nation’s bourse to boost capital market participation and generate tax.
Amolegbe highlighted companies in which the government had direct or indirect holding as well as companies that did business with government….,……. … …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Dangote Cement hits N11trn capitalisation, 20.6% of equity market – Dailytrust
The market capitalization of Dangote Cement, yesterday, hit N11.107 trillion, which makes about 20.6% of the entire Nigerian Stock Exchange equity market.
Yesterday, Dangote Cement closed trading at N651 per share on the NGX, representing an impressive 10% gain over its previous closing price of N592.60 on Monday……….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Ronchess Global Resources appoints independent non-executive directors – Punch
Ronchess Global Resources Plc has announced the appointment of two new independent non-executive directors, Yusuf Tafida and Habibah Waziri to its board.
In a statement, it disclosed that the decision was taken under the guidance of the Board Chair, Mr Adeolu Adeboye.
Tafida is the founder of Koopersmith Professional Services, a firm that provides first-tier consultancy services in human resources management and development……………………………………………, ….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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