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Category - Business News Brief


Daily Business News Brief – April 12th, 2024

Top four banks earn N8tr in 12 months, record N3.5tr FX gain – Guardian Four leading Nigerian banks by market capitalisation, achieved combined gross earnings of N7.99 trillion gross earnings in their 2023 full-year operations, a figure that is 248 per cent higher than the 2022 performance.The four banks – Access Holdings Plc, Zenith Bank …


Daily Business News Brief – April 5th, 2024

Nigerian Stocks extend bearish run with 251.74bn loss – Dailytrust The Nigerian equity market extended its bearish trend yesterday for the third time since the beginning of the week with investors losing another N251.74bn.The bearish run started on Tuesday, the first working day of the week after the Easter Holiday with the All Share Index …


Daily Business News Brief – April 4th, 2024

Index dips by N191 billion amid losses in banks stocks, others – Guardian The Nigerian Exchange Limited (NGX) sustained a sliding profile at the end of yesterday’s transactions amid losses in many blue-chip stocks, especially FBN Holdings (FBNH) and Access Bank, causing market capitalisation to dip further by N191 billion.The all-share index (ASI) shed 336.82 …


Daily Business News Brief – April 3rd, 2024

Stocks open week bearish as investors loss N24.8bn – Dailytrust Bears emerged in the domestic bourse as the market opened the week’s trading in the red region yesterday with the Nigeria Exchange ( NGX) All-Share Index shed 4 basis points to close the day, reaching 104,518.14 points compared to the previous session’s 104,562.06 points.The market’s …


Daily Business News Brief – March 28th, 2024

Access Holdings grows profit by 306% as assets hit N26tn – Punch Access Holdings grew profits by 306.91 per cent to N619.32bn for the financial year 2023 from N152.20bn recorded in the previous year.This was disclosed in the consolidated and separate statement of financials for 2023 filed with the Nigerian Exchange Limited on Wednesday………………………………………………………… ……………………… .. . .,.. ………… …


Daily Business News Brief – March 27th, 2024

Bears assert dominance, crashing stocks by 183.88 points, erasing N103.97 billion in value – Nairametrics The NGX All-Share Index on the Nigerian Exchange Limited (NGX) experienced a slight decline, dropping by 183.88 points to reach 103,952.47 points.This marks a decrease from its previous closing level of 104,136.35 points. Due to this downturn in the market, there …


Daily Business News Brief – March 25th, 2024

Stock Market Down N248bn WoW on Uncertainty Over MPC Outcome – Thisday The stock market of the Nigerian Exchange Limited (NGX) dropped by N2488 billion in its Week-on-Week (WoW) performance as investors uncertainty loom over the outcome of Central Bank of Nigeria (CBN) this week’s Monetary Policy Committee (MPC) meeting.   The CBN’s MPC meeting is …


Daily Business News Brief – March 22nd, 2024

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 …


Daily Business News Brief – March 21st, 2024

Investors Lose N468.4bn in Three-days as Profit-taking Persist – Thisday Investors trading on the stock market segment of the Nigerian Exchange Limited (NGX) lost an estimated N468.4 billion of their investment in three-day as profit-taking persisted in fundamental stocks.As profit-taking persisted, the overall market capitalisation closed yesterday at N58.948 trillion, representing a decline of N468.4 …


Daily Business News Brief – March 20th, 2024

Stock Market Drops by 0.11% on Profit-taking in MTN, 22 Others – Thisday The domestic stock market yesterday sustained its bearish performance as losses in MTN Nigeria Communications (MTNN) Plc and 22 others pulled the overall market capitalization lower by N62 billion.As MTN Nigeria dropped by 3.03 per cent to close at N 240.00 per …

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