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Category - Business News Brief

21
Jun

Daily Business News Brief – June 21st, 2024

GTB Vs Afex: Court adjourns case to June 27 – Punch Federal High Court sitting in Lagos on Thursday fixed June 27, 2024, for further hearing of the contempt suit initiated by Guaranty Trust Bank Plc against the directors of AFEX Exchange Commodities Limited over a N17.81bn loan.Justice Chukwujekwu Aneke who presided over the court …

20
Jun

Daily Business News Brief – June 20th, 2024

Index dips by 0.08% amid losses in MTNN, 14 stocks – Guardian Despite price gains that outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) reopened on a downturn yesterday, as the All-share index fell by 0.08 per cent, amid price depreciation in MTN Nigeria and 14 stocks.At the close of …

19
Jun

Daily Business News Brief – June 19th, 2024

Q1 2024: 10 Banks’ OPEX Up 103% to N1.58tn Amid Inflation, Others – Thisday On the back of inflationary pressure, regulating levy, among others, operating expenses of 10 banks went up by a whooping 103 per cent to N1.58 trillion in the first quarter (Q1) ended March 2024/This represents about 103 per cent increase when …

14
Jun

Daily Business News Brief – June 14th, 2024

Equity market rebounds with N144bn gain – Punch The Nigerian equity market recovered Tuesday’s loss with a N144bn gain on Thursday, buoyed by an appreciation by Nigerian Breweries, Unity Bank, NEM Insurance and 27 others.The market closed trading after Wednesday’s Democracy Day holiday with capitalisation and the All Share index rising by 0.2 per cent …

13
Jun

Daily Business News Brief – June 13th, 2024

SEC Seeks Collaboration to Reduce Unclaimed Dividends – Thisday Acting Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama has tasked relevant stakeholders to co-operate with the Commission in its quest to reduce the volume of unclaimed dividends in the capital market…………………………………………………………………………………………………………………………………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More Recapitalisation: GTCO targets July for …

11
Jun

Daily Business News Brief – June 11th, 2024

Equity market starts week with N323bn gain – Punch The equity market gained N323bn on Monday buoyed by appreciation by Flour Mills Nigeria, Total Nigeria, Access Holding and 27 others.At the close of trading, the market capitalisation and the All Share index rose by 0.58 per cent to settle at N56.52tn and 99,793.71 points, respectively………………………………………………………………………………………………………………………………………….. .. . .,.. ………… …

10
Jun

Daily Business News Brief – June 10th, 2024

Stocks end first week in June in losses, but these stocks gained over 20% – Nairametrics The first week of June concluded with a broadly bearish sentiment on the Nigerian Exchange (NGX), as the overall market witnessed declines.However, amidst the downturn, a handful of stocks showed remarkable resilience and posted significant gains, providing a silver …

7
Jun

Daily Business News Brief – June 7th, 2024

No respite for investors as rising costs shrink FMCG firms’ earnings – Guardian The effect of naira devaluation, rising inflation and interest rate hikes has continued to take a huge toll on the performance of firms under the fast-moving consumer goods (FMCG), causing their financial cost to soar.Aside from the naira devaluation last year, there …

6
Jun

Daily Business News Brief – June 6th, 2024

Gains in Nestle, 17 stocks lift capitalisation by N132b- Guardian The Nigerian equities market halted its two-days downturn, as gains in Nestle Nigeria Plc and 17 stocks lifted the overall market capitalisation by N132 billion.At the close of transactions yesterday, the All-Share Index (ASI) gained 233.36 points, representing a gain of 0.24 per cent to …

5
Jun

Daily Business News Brief – June 5th, 2024

Stock Market Maintains Prof-taking Momentum, Drops by N38bn – Thisday The Nigerian stock market yesterday saw a negative close for the second trading day in the month of June 2024 as market capitalisation went down by N38 billion.The All Share Index (ASI) depreciated by 67.84 basis points or  0.07 per cent to close at 99,051.02 …

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fake richard mille
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