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Daily Business News Brief March 6th, 2024

6
Mar

Buy-interest in Transcorp Power Lifts Stock Market by 0.35% – Thisday
The stock market yesterday sustained its positive run for the second day as the market indicator gained 0.35 per cent on investors’ buy-interest in Transcorp Power Plc and nine others.
The NGX All Share Index (ASI) rose by 342.57 basis points or 0.35 per cent to close at 99,190.46 basis points. Accordingly, market capitalisation gained by N193 billion to close at N56.083 trillion……………………………………………… ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Nigerian Exchange leads in Africa with 33.70% gain  – Punch
The Nigerian Exchange has emerged as the number one exchange in Africa in the first two months of 2024, as investors enjoyed 33.70 per cent returns on investors.
A statement from the NGX on Tuesday revealed that the local bourse was rated as the best-performing in Africa ahead of the Johannesburg Stock Exchange, Egyptian Exchange (EGX 30) Index and The Ghana Stock Exchange………………………………………………. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Despite headwinds, Dangote, BUA Cement, Lafarge to Pay Shareholders N609.5bn Dividend – Thisday
Despite the tough operating environment, three cement manufacturing companies in Nigeria have proposed N609.5billion as dividend pay out to their shareholders for the financial year ended December 31, 2023.
This is 30.3 per cent increase when compared to N467.85 billion the three listed cement makers paid to shareholders in 2022 financial year…. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Access Bank to Empower over 700,000 MSMEs with 50bn Loan- Thisday
In bid to support small businesses, Access Bank Plc has launched “YouThrive”, an initiative, which targets to empower 700,000 MSMEs in the country through a 50 billion loan.
Deputy Managing Director, Access Bank, Victor Etuokwu, announced this during a press briefing in Lagos. He also revealed that the MSMEs that would benefit from the programme would undergo training to enable them optimally make use of the loan….. ……………………………………….,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Airtel buys back 991,861 shares from Citigroup – Punch
Airtel Africa has purchased 991.861 units of its shares of  $0.50 each on the London Stock Exchange from Citigroup Global Markets.
In corporate notices filed with the Nigerian Exchange Limited, the transactions took place on Friday and Monday.
Airtel Africa revealed plans for a $100m share buyback programme starting March 2024 as it announced its nine-month results ended 31 December 2023. . … … ………………………………………………………………………………………….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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