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Daily Business News Brief – February 6th, 2024

6
Feb

Investors lose N437b amid depreciation in MTNN, Tier-1 banks – Guardian
Transactions on the equities sector of the capital market reopened the week on a downturn, amid sell-off in MTNN, tier-one banks as market capitalisation fell by N437 billion.
At the close of transactions yesterday, market capitalisation of listed equities declined by 0.76 per cent to N56.721 trillion from N57.158 trillion reported the previous day…………………………………….. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
DMO sells N1.1 trillion treasury bills in one month – Guardian
The Debt Management Office (DMO) sold T-bills valued at ₦1.18 trillion across its auctions in December 2023, representing 11.9 per cent (₦126.06 billion) month-on-month (MoM) increase on the value of T-bills sold across its auctions in November 2023 (₦1.059 trillion).
Similarly, the DMO sold FGN Bonds worth ₦273.63 billion via the reopening of two 10-year, one 15Y, and one 30-year FGN bonds in December 2023……………….,……. … …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Bank directors pledge support for CBN’s new directive on FX NOP
•Direct banks to comply ‘fully’ with policy – Guardian
The Association of Bank Directors Association of Nigeria (BDAN) has applauded steps taken by the Central Bank of Nigeria (CBN) to fortify the nation’s financial system, saying the measures underscore the apex bank’s commitment to ensuring the stability and resilience of the banking sector.
Amid concerns surrounding the escalating foreign currency exposure of banks, the CBN leadership issued a circular titled , ‘Harmonisation of reporting requirements on foreign currency exposures of banks
…………………………………………….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Global exchanges seek to improve corporate governance – Punch
The World Federation of Exchanges has stated that it will prioritise improving corporate governance throughout the entire financial system in 2024.
This was revealed in a statement signed by the Communications Manager of the WFE, Cally Billimore, recently.
According to the federation, in 2024, its priorities will focus on fostering efficient market structures that are resilient………………………………………………., ….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Lafarge unveils green depot in Nigeria – Dailytrust
Lafarge Africa Plc has launched its first green depot in Nigeria in Abeokuta, Ogun State, marking a transformative stride towards sustainable practices in the distribution and logistics of construction materials in the country.
The state-of-the-art facility, which is poised to set new benchmarks for sustainability in the industry, is an eco-friendly design with its reliance on solar power………………….. ………………………………………………., ….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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