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Daily Business News Brief – June 28th, 2024

28
Jun

Equities sustain rally as investors adjust portfolios – The Nation
More than two out of every three transactions at the Nigerian stock market yesterday closed on premium as investors continued to rebalance their portfolios for the end of the first half.
Benchmark indices at the equities market showed continuing positive pricing trend, with average gain of 0.01 per cent yesterday, equivalent to a modest net capital gain of N7 billion. . .. ………………………………………………………………………………………………………………………………………….. .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Recapitalisation: As Zenith Bank’s Adaora Umeoji Leads the Charge – Thisday
The Adaora Umeoji-led Zenith Bank Plc is assiduously working towards complying with the Central Bank of Nigeria’s directive to banks to recapitalise with a compliance deadline of March 31, 2026, writes Louis Achi
On March 28, 2024, the Central Bank of Nigeria (CBN), leaning on its statutory powers, boldly tweaked its regulatory playbook. It handed down a directive to Nigeria’s deposit. …   . ….. ………………………………………………………………… ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
VFD GroupObtains Shareholders’ Approval to Raise N30bn Additional Capital – Thisday
VFD Group Plc, yesterday obtained shareholders approval to raise additional N30  billion fresh capital through an offer by way of issuance of shares, global depository receipts, commercial papers, among other market instruments.  
The company at its virtual 8th Annual General Meeting (AGM) stated that the specific form of the N30 billion additional capital raise will be disclosed in due course,… …………………….. . … .. .,…. .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Eterna shareholders ratify Lawal as new CEO – Punch
Eterna Plc has reassured stakeholders of its commitment to remaining competitive despite the challenging economic environment.
This assurance was given by the Chairman of Eterna Plc, Dr Gabriel Ogbechie, during the company’s 31st Annual General Meeting held in Lagos………… …. . …… .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
NAHCO Retains Lufthansa, Royal Air Maroc For Additional 5yrs – Independent
The Nigerian Aviation Handling Company Plc (nahco aviance), has one again signed another five years contract each with Lufthansa and Royal Air Maroc.
NAHCO said that his was made possible following the exceptional service delivery it offers the two airlines and its other clients….,.. .. … , . …… .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
‘FirstBank Committed to Boost Economy through Creative Arts’ – Thisday
The Group Head, Public Sector West of the FirstBank of Nigeria (FBN), Dr. Timothy Arowoogun, has declared that the creative arts has the potential of boosting the economy of the country through promotion and exportation to the outside world…..,.. .. … , . …… .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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