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Daily Business News Brief
(Source: GlobalView Capital Limited, Date: 20-Jun-2024)

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 transactions yesterday, the All-Share Index, declined by 84.34 per cent, representing a loss of 0.08.. .............................................................................................................................................................. .. . .,.. ............ ........ ..................... ... .. ...... ..  .... . ........... .......... ............. . ..... . ... ........................Read-More

Fiscal stimulus, wage review add fresh uncertainty to inflation outlook - Guardian

The proposed Inflation Reduction and Price Stability Plan and the awaited national wage review may have added another layer of uncertainty to the near-future outlook of the country's inflation rate.
The awaited fiscal stimulus prescribes import duty waivers on some essential food items and incentives for local production as part of measures to ease the inflation crisis, which has reached a multi-decade high.   . ..... ........................................................................... ........................... .. . .,.. ............ ........ ..................... ... .. ...... ..  .... . ........... .......... ............. . ..... . ... ........................Read-More

Foreign investors' NGX trade up 437% in four months - Businessday

Foreign investors' equities trading rose 437 per cent to N334.01 billion in the first four months of 2024, from N62.18billion obtained in the corresponding period of 2023.
Nigeria's stock investors exchanged equities valued at N1.894 trillion in January to April 30, 2024, as against N721.44 billion recorded in the same period of 2023, according to April trading data on domestic and foreign portfolio participation in equity trading obtained from the Nigeria Exchange Limited (NGX).... .......................... . ... .. .,.... .  . ... .......... .......................,........................................................ .... ...... . ......... . .................. . ............................... ....:,..... ... ........... .. ........  . ......... .., ... .. .,....... .. ...... . ..... . ... ........................Read-More

Sterling Bank, SMEDAN partner on data platform - Punch

Sterling Bank and the Small and Medium Enterprises Development Agency of Nigeria have launched a platform called Databanc that provides data on businesses in Nigeria and N5bn worth of single-digit loan programme.
A statement from the bank on Wednesday said that Databank provides insights which will be utilised by SMEDAN......... .... . ...... .  . ... .......... .......................,........................................................ .... ...... . ......... . .................. . ............................... ....:,..... ... ........... .. ........  . ......... .., ... .. .,....... .. ...... . ..... . ... ........................Read-More

Fidelity Bank's N127.1b combined rights, public offer opens
. Facts behind the offer holds at NGX - The Nation

Fidelity Bank Plc will today open application lists for its N127.2 billion combined rights and public offer, in the first capital raising under the banking recapitalisation exercise mandated by the Central Bank of Nigeria (CBN). 
Fidelity Bank is offering a rights issue of 3.2 billion ordinary shares of 50 kobo each at N9.25 per share. The bank is also simultaneously offering 10 billion ordinary shares of 50 kobo each to the general investing public at N9.75 per share..,.. .. ... , . ...... .  . ... .......... .......................,........................................................ .... ...... . ......... . .................. . ............................... ....:,..... ... ........... .. ........  . ......... .., ... .. .,....... .. ...... . ..... . ... ........................Read-More

First Bank confirms Alebiosu as MD, Ebong DMD - The Nation

First Bank of Nigeria Limited (FBNL) yesterday confirmed the appointment of Olusegun Alebiosu as its substantive Managing Director/Chief Executive Officer (MD/CEO).
Company Secretary Adewale Arogundade updated the Nigerian Exchange Group of Alebiosu's appointment in an update yesterday subject to approval by the Central Bank of Nigeria (CBN)..,.. .. ... , . ...... .  . ... .......... .......................,........................................................ .... ...... . ......... . .................. . ............................... ....:,..... ... ........... .. ........  . ......... .., ... .. .,....... .. ...... . ..... . ... ........................Read-More

Rating Agency Attestations to Wema Bank's Profitability, Assets Quality - Thisday

The recent rating by Agusto & Co has further attested to Wema Bank Plc's impressive 2023 financial year performance that showed increasing intrinsic value in profit generation and assets quality as the management moves to become top Tier-1 bank in Nigeria. The credit rating agency upgraded Wema Bank from a ...Bbb" rating issued in June 2023 to a ...Bbb+" rating. The upgrade from ...Bbb" to ...Bbb+" indicates an improvement in Wema..,.. .. ... , . ...... .  . ... .......... .......................,........................................................ .... ...... . ......... . .................. . ............................... ....:,..... ... ........... .. ........  . ......... .., ... .. .,....... .. ...... . ..... . ... ........................Read-More

Airtel Africa Announces Activation of 2Africa Submarine Cable - Thisday

Airtel Telesonic, the wholesale arm of Airtel Africa, has announced the successful activation of the 2Africa submarine cable system, marking a significant milestone in enhancing connectivity across the African continent.
The initial phase of activation connects Kenya, Tanzania, and South Africa, heralding a new era of high-speed, reliable..,.. .. ... , . ...... .  . ... .......... .......................,........................................................ .... ...... . ......... . .................. . ............................... ....:,..... ... ........... .. ........  . ......... .., ... .. .,....... .. ...... . ..... . ... ........................Read-More

Top News

[XNSA]>> CORDROS MILESTONE FUNDS' BID & OFFER PRICES

NGX
22-Jul-2024 10:24:42.000

[LOTUSHAL15]>> DAILY INDICATIVE PRICES

NGX
22-Jul-2024 10:24:39.000

Breaking News! Unusual Volume Alert (22-Jul-2024 11:21:01.665)

INFOWARE TERMINAL
22-Jul-2024 11:21:01.000

Breaking News! Bulls Momentum Alert (22-Jul-2024 11:21:00.360)

INFOWARE TERMINAL
22-Jul-2024 11:21:00.000

[STANBICETF30]>> DAILY INDICATIVE PRICES

NGX
22-Jul-2024 10:16:44.000

[XNSA]>> NOTIFICATION OF PRICE ADJUSTMENT

NGX
22-Jul-2024 10:16:41.000

[HONYFLOUR]>>Notice of Meeting -<HONEYWELL FLOUR MILL PLC>

NGX
22-Jul-2024 09:55:11.000

[XNSA]>> CIS ACADEMY TRAINING ON "INVESTMENT STRATEGIES AND OPPORTUNITIES IN MOR

NGX
22-Jul-2024 09:15:45.000

[XNSA]>> ACTIVATION OF CODE FOR TRADING IN RIGHTS OF ACCESS HOLDINGS PLC

NGX
22-Jul-2024 08:44:57.000

[XNSA]>> TRAINING - UNDERSTANDING ERROR TRADES & ITS PROCESSES

NGX
22-Jul-2024 08:09:30.000

[XNSA]>> NGX E-IPO PLATFORM

NGX
22-Jul-2024 07:52:48.000

Daily Price List for 19TH OF JULY 2024

ARTHUR STEVENS ASSET MANAGEMENT
19-Jul-2024 18:26:17.000

Daily Price List 19-07-24

CARDINALSTONE RESEARCH
19-Jul-2024 18:25:05.000

MARKET PERFORMANCE REPORT & DAILY PRICE LIST

GLOBALVIEW CAPITAL LIMITED
19-Jul-2024 18:23:27.000

Closing Share Prices as of Friday, 19th of July 2024

AFRINVEST RESEARCH
19-Jul-2024 18:21:28.000

DAILY PRICE LIST - 19-07-2024

SECURITIES AFRICA NIGERIA RESEARCH
19-Jul-2024 18:20:23.000

NASD OTC PRICE LIST - 19-07-24

SECURITIES AFRICA NIGERIA RESEARCH
19-Jul-2024 13:09:46.000

[MULTIVERSE]>> Earning Forcast - <Q3-2024> ?-<MULTIVERSE MINING AND EXPLORATION

NGX
19-Jul-2024 14:15:08.000

[ETERNA]>>Corporate Disclosures-<ETERNA PLC.>

NGX
19-Jul-2024 13:31:13.000

[FCMB]>>Corporate Disclosures-<FCMB GROUP PLC>

NGX
19-Jul-2024 13:26:13.000

[AIRTELAFRI]>>Corporate Disclosures-<Airtel Africa Plc>

NGX
19-Jul-2024 13:05:07.000

Daily Business News Brief

GLOBALVIEW CAPITAL LIMITED
19-Jul-2024 13:05:45.000

Media Highlights 19-07-2024

CARDINALSTONE RESEARCH
19-Jul-2024 13:00:12.000

CSL Research Flash Note - Banks and the FGs windfall tax

SECURITIES AFRICA NIGERIA RESEARCH
19-Jul-2024 12:58:19.000

[XNSA]>> NGX FIXED INCOME INDICATIVE PRICE LIST FOR JUL 19, 2024, OPENING QUOTES

NGX
19-Jul-2024 12:00:07.000

Morning Flash - Investors gain N263bn as equity market rebounds

SECURITIES AFRICA NIGERIA RESEARCH
19-Jul-2024 12:52:28.000

CSL Nigeria Daily - 19 July 2024

CSL RESEARCH
19-Jul-2024 12:50:45.000

[VETBANK]>> DAILY INDICATIVE PRICES

NGX
19-Jul-2024 11:52:07.000

[XNSA]>> NGX FIXED INCOME INDICATIVE PRICE LIST FOR JUL 19, 2024, OPENING QUOTES

NGX
19-Jul-2024 10:41:45.000

[XNSA]>> DAILY FUND PRICE SUBMISSION - FCMB ASSET MANAGEMENT LIMITED

NGX
19-Jul-2024 10:41:45.000
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