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Daily Business News Brief
(Source: GlobalView Capital Limited, Date: 01-Jul-2022)

 

 



Daily Business News Brief | Friday, July 1st, 2022

Stock Market Sustains Bullish Trend, Gains N5.64trn in First Half 2022 - Thisday

Following improved corporate earnings by companies, low yield in fixed income market, among other factors, the stock market segment of the Nigerian Exchange Group (NGX) added N5.64 trillion in the first half (H1) of 2022.  Precisely, the market capitalisation in H1 2022 appreciated by N5.64 trillion or 25.3 per cent to close at the end of the first half of 2022 at N27.935trillion, from the N22.297 trillion it opened for trading activities on January 4, 2021...........read more

NGX, Others Collaborate to Boost Awareness on ESG Data Metrics - Thisday

Nigerian Exchange Limited (NGX), Global Reporting Initiative (GRI) Africa and Principles for Responsible Investment (PRI) have agreed to work together to boost awareness on ESG Data Metrics for sustainable investing.  They stated this during a webinar tagged, ...Empowering Responsible Investing through Data Metrics and Environmental, Social and Governance (ESG) Integration." .................read more

FMDQ Approves Lekki Gardens's N25bn CP Programme "" Thisday

FMDQ Security Exchange Limited (FMDQ Exchange) has approved N25 billion Commercial Paper (CP) Programme for Lekki Gardens Estates Limited, Nigeria's foremost real estate investment company.  Speaking at the signing ceremony in Lagos recently, the Chief Executive Officer, Lekki Gardens Estates Limited, Dr. Richard Nyong, described the approval for the registration of the CP Issuance programme by FMDQ Exchange on its platform as a big step for the company, which he believes would help to deepen its market offering to customers and unlock value for all stakeholders..............read more

SAHCO Revenue Rises By 24.72% In 2021 Financial Year - Daily Independent

The revenue of Skyway Aviation Handling Company (SAHCO) Plc rose by 24.72 per cent to N8.7 billion in the year ended December 31, 2021.  The ground handling company also approved dividend of 16.5k per ordinary share of 50k to its shareholders.  These were contained in the Annual Report and Accounts 2021 presented to shareholders at its 12th Annual General Meeting (AGM), held physically and virtually in Lagos on Wednesday.....................read more

Marketers deny FG's N74bn payment, warn of massive fuel queues - Punch

Oil marketers on Thursday warned that Nigeria could witness ...the mother of all queues" from next week if the Federal Government fails to pay the 12 months bridging claims being owed operators in the downstream oil sector.  Dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria, which controls about 70 per cent of filling stations across the country, also denied being paid N74bn by the Federal Government as bridging claims for the transportation of petroleum products...............read more

CBN guarantees N131bn loan, challenges farmers to rejig $430bn economy - Punch

The Agricultural Credit Guarantee Scheme Fund, which is managed by the Central Bank of Nigeria, has guaranteed 1.232 million loans given to farmers across the country.  The monetary value of the loans was estimated at N130.903 billion. The apex bank also challenged farmers to join hands in revitalising the country's $430 billion economy by enhancing value-addition and diversification.  These were the highlights of the national award ceremony for the 2021 Best Farmer of the Year Award under the ACGSF held on Thursday in Abuja..............read more

 

 

 

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