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Daily Business News Brief – February 14th, 2024

14
Feb

Equity market loses N184bn as investors’ sentiments wane – Punch
Investors lost about N184bn at the close of Tuesday’s trading on the Nigerian exchange, reversing the N101bn gained in the previous day.
The All-Share Index moderated by 0.33 per cent to 101,707.70 points and the market capitalisation dropped by the same percentage to N 55.652tn as the year-to-date gain of the index slipped to 36.02 per cent……………………………………….. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Three firms lose N140billion to Naira devaluation – Guardian
Three companies under the Fast-Moving Consumer Goods (FMCG) – BUA Foods Flourmills and Cadbury Nigeria – have incurred over N140billion due to last year’s naira devaluation. Cadbury Plc suffered foriegn exchange (fx) loss of N36.93billion while BUA Foods incurred a loss of N73billion.
………………….,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Agbede’s appointment aligns with succession plan – AccessCorp board – Punch
The Board of Directors of Access Holdings has said that the appointment of Bolaji Agbede as the acting Group Chief Executive Officer of the organisation aligns with the company’s succession plan.
The chairman of the board, Abubakar Jimoh, said this in a statement announcing Agbede’s appointment, which was released late Monday on the Nigerian Exchange Limited… ………………………………………………………………………………………….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Nigerian Breweries announces price hike amid rising production costs – Nairametrics
The Nigerian Breweries PLC has issued a “Price Review Notification” to all its direct customers in the West Zone. 
This was contained in a letter issued to customers on Monday, February 12, 2024, and seen by Nairametrics. According to the statement, the price adjustments, effective from Monday, February 19, 2024, is deemed………………………………………………..,….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. ……………. .., … .. .,……. .. …… . ….. . … …………….……..Read More
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