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Tag - Daily Business News Brief | Wednesday

20
Jul

Daily Business News Brief | Wednesday, July 20th, 2022

Outcry as CBN raises interest rate again – Punch The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday again raised the Monetary Policy Rate from 13 per cent to 14 per cent. This came barely two months after the MPC, during its bi-monthly meeting in May, raised the benchmark interest rate from …

13
Jul

Daily Business News Brief | Wednesday, July 13th, 2022

Airtel Africa, 14 Other Blue Chip Stocks Contributes 88.8% to NGX Market Cap – Thisday Airtel Africa Plc and 14 others listed stocks on the Nigerian Exchange Limited (NGX) as of July 8, 2022 contributed about 88.8 per cent or N24.7 trillion out of the overall NGX N27.80 trillion market capitalisation, THISDAY findings have revealed.  …

29
Jun

Daily Business News Brief | Wednesday, June 29th, 2022

Popoola: NGX Committed to Expanding Capital Market, Provide Inclusive Platform for SMEs – Thisday The Chief Executive Officer, Nigerian Exchange Limited (NGX), Mr. Temi Popoola has reiterated its commitment to expand the Nigerian capital market and providing inclusive platforms for a diverse stakeholders, including Small and Medium-sized Enterprises (SMEs), to access capital.  Popoola who said this during his keynote address …

22
Jun

Daily Business News Brief | Wednesday, June 22nd, 2022

Stock Market Rebounds after Days of Profit-taking – Thisday Breaking from five-day consecutive sessions of losses, the stock market  of the Nigerian Exchange Limited (NGX) yesterday  appreciated by N181 billion following investors bargain hunting in Dangote Cement Plc and 13 other stocks on the bourse. ……………..read more Access Holdings, ETI, Others Sees 52% Increase in Interest Expense as Customers’ Deposit Soar – Thisday Access Holdings, ETI, …

15
Jun

Daily Business News Brief | Wednesday, June 15th, 2022

Dollar rises by 21%, FX shortage persists after party primaries – Punch Dollar exchanged at N603 (average) at Lagos and Abuja parallel markets on Tuesday, indicating a worsening liquidity crisis in the foreign exchange market of Africa’s biggest oil producer.  Between June 2021, and June 2022, dollar-to-naira exchange rate has risen from N500 to N603 …

1
Jun

Daily Business News Brief | Wednesday, June 1st, 2022.

Value of 14 Banks’ Stocks Appreciate Marginally by N73.09bn Despite Decline in Corporate Earnings for 2021 – Thisday On the heels of investors apathy, coupled with decline in corporate earnings for 2021 financial year and the first quarter of 2022, the values of 14 listed banks on the Nigerian Exchange Limited (NGX) added just N73.09 …

25
May

Daily Business News Brief | Wednesday, May 25th, 2022.

SEC to Resolve Issues of Unclaimed Dividend with Identity Management – Thisday The Director-General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has stated that the identity management system being developed by stakeholders would tackle problem of unclaimed dividend in the capital market. ……………..read more Cooking gas demand crashes amid rising prices, marketers groan – Punch Demand for Liquefied Natural Gas (LPG) popularly known …

18
May

Daily Business News Brief | Wednesday, May 18th, 2022.

Nigeria’s Q1 trade deficit rose by 175%, hit $764m – Thisday The value of Nigeria’s international trade deficit rose by 175.13 per cent from $152.94m in January 2022 to $420.79m in March 2022, according to data from the Central Bank of Nigeria.  The International Trade Summary on the CBN’s website shows that the total value …

11
May

Daily Business News Brief | Wednesday, May 11th, 2022.

24 NGX Listed Coys Remits N215.9bn Tax to FIRS, Others in Q1 2022 – Punch Following their expansion in Nigeria and other African countries, the likes of Dangote Cement Plc, MTN Nigeria Communication, Seplat Energy Plc, Guaranty Trust Holding Company Plc (GTCO) and 20 other companies remitted a total of N215.9 billion tax to the …

4
May

Daily Business News Brief | Wednesday, May 4th, 2022.

NGX Market Cap Up N1.45trn on 98% Contribution by Seplat, Dangote Cement, 15 Others – Punch As the stock market of the Nigerian Exchange Limited (NGX) appreciated by N1.45trillion in April, a total of 17 fundamental companies contributed about 98 per cent to market capitalisation in the month under review. Analysis of trading data showed …

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