Year: 2023
Gov. Abba Yusuf of Kano State has presented an additional N24 billion 2023 supplementary budget to the House of Assembly for approval.
Nigeria Plans to Re-establish National Shipping Line
Nigeria stocks rebounded with about N32 billion gain after the local exchange opened the week on a negative note, resulting in a more than N57 billion decline in market cap.
Fitch Ratings has downgraded Nigeria-based Coronation Merchant Bank Limited’s (CMB) Long-Term Issuer Default Rating (IDR) to ‘CC’ from ‘B-‘ and its Viability Rating (VR) to ‘cc’ from ‘b-‘.
Nigerian Breweries Plc is considering paying N7.01 billion for the proposed acquisition of 80% economic and voting rights in Distell Wines and Spirits Nigeria (DWSN) and 100% of Distell’s import business in Nigeria is ₦7.01 billion, its transaction document obtained by MarketForces Africa revealed.
Amidst strong stock market rerating of banking shares, the United Bank for Africa (UBA) Plc has spun higher return than any of its peers in the banking sector. Its year-to-date return as investors
Equities analysts at Afrinvest Limited have kept shares of Fidelity Bank, FBNH and Stanbic IBTC on sell recommendation due to weak upside potential, detail from its week stock recommendation shows.
Uncertainties in the Nigerian economy heighten as the monetary authority suspends its meeting scheduled for November meeting. The apex bank first postponed its bi-monthly meeting in September amidst worsening macroeconomic indicators.
Zenith Bank is set to hold the third edition of its tech fair tagged “Future Forward 3.0”, holding on Wednesday, November 22 and Thursday, November 23, 2023, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos, from 8.00 a.m. to 6.00 p.m. daily.
President Bola Tinubu has called for German investment in critical sectors of Nigerian economy such as power and rail transportation.