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Daily Business News Brief – March 22nd, 2024

22
Mar

Gains in BUA Cement, 21 stocks lift index by N74b – Guardian
The Nigerian equities market yesterday halted its three-day losses as gains in BUA cement Plc and 21 others lifted the market by N74billion. The all-share index (ASI) gained 130.66 points, representing a gain of 0.13 per cent to close at 104,387.47 points.
Also, market capitalisation rose by N74 billion to close at N59.022 trillion.The upturn was driven by price appreciation in large and medium-capitalised stocks amongst which are; BUA Cement, Guinness Nigeria, Zenith Bank, Guaranty Trust Holding Company (GTCO) and Transnational Corporation (Transcorp). ………………………………………………………. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Geregu seeks shareholder’s approval to boost corporate governance – Punch
Geregu Power is seeking shareholders’ approval to amend its Memorandum and Articles of Association to boost corporate governance and investor confidence.
This was revealed in its notice of the Annual General Meeting filed with the Nigerian Exchange Limited on Thursday. 
The power generating company said that it would be seeking approval to amend its Memorandum and Articles of Association………………………………………………………… ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Waste management firm posts N348m profit after 2022 loss – Punch
Waste management firm, The Initiatives Plc, has reversed the loss it recorded in 2022 and posted N348.23m in 2023.
The firm lost N53.70m in 2023.
This was disclosed in the 2023 audited account filed with the Nigerian Exchange Limited on Thursday. … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
FBN Holdings appoints ex-Standard Chartered CEO, others directors – Punch
FBN Holdings has appointed the former Chief Executive Officer of Europe, Middle East, Africa and Americas of Standard Chartered Plc, Viswanathan Shankar, and former banker, Olusola Adeeyo, as independent non-executive director and a non-executive director, respectively.
In a notice filed with the Nigerian Exchange Limited, the financial institution revealed that it also appointed three new directors for the board of its banking subsidiary, FirstBank……. ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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