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Daily Business News Brief – March 8th, 2024

8
Mar

Capital market extends bullish trade to fourth day  – Punch
The positive trading trend on the Nigerian exchange entered its fourth day on Thursday as investors gained N420bn.
The All-Share Index inched upward above 100,000 points by 0.75 per cent to 100,335.30 points amid weakening interest in banking stocks.
The market capitalisation advanced by 0.75 per cent to N56.73tn, driving the year-to-date return to 34.2 per cent. ………………………………………………. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
SEC to reduce N190bn unclaimed dividends – Punch
As part of efforts to reduce the level of unclaimed dividends by investors in the capital market, the Securities and Exchange Commission said it is intensifying strategies to shrink unclaimed dividends.
The apex regulator saddled with the dual responsibilities of regulating and developing the Nigerian capital market, disclosed this to journalists on Thursday after a three-day investors clinic it held in Yobe State to address complaints from investors in the region……………………………………………………. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Shareholders Applaud Vitafoam for Sustaining Positive Rate of Return – Thisday
Shareholders of Vitafoam Nigeria Plc, have commended the company’s board and management for sustaining positive rate of return despite the inclement operating environment, which affects profit margin of many blue chip manufacturing companies in Nigeria.
The leading manufacturer of mattresses, pillows, bedding and furniture had at its 62nd Annual General Meeting (AGM) in Lagos yesterday, declared a dividend of N1.95 billion, which translates into N1.56 kobo per Ordinary Share of 50 kobo each…….. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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