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Top Business & Finance News Headlines For Today, Monday, 25th December, 2023

by Ikenna Ngere
December 25, 2023
in Business News, Financial, News
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Key Business Stories to Watch This Week: MPC Meeting, ATM Fee Hikes, Nigeria Hits OPEC’s 1.5M BPD Oil Production and More
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1. Yuletide: Poultry farmers decry high cost of feeds, low patronage 

Some poultry farmers in Bwari Area Council of the Federal Capital Territory, on Monday, in Abuja, decried the incessant rise in the cost of poultry feeds… Read more

Source: https://punchng.com/yuletide-poultry-farmers-decry-high-cost-of-feeds-low-patronage/

2. Tokyo shares rise in quiet Christmas trade 

Tokyo stocks advanced Monday in thin Christmas trading, following gains by US tech shares last week… Read more

Source: https://punchng.com/tokyo-shares-rise-in-quiet-christmas-trade/

3. Yuletide: Chicken, fabric sales crash, retailers slash prices 

Some business operators across the country have bemoaned low Christmas sales during this year’s Yuletide season… Read more

Source: https://punchng.com/yuletide-chicken-fabric-sales-crash-retailers-slash-prices/

4. Union Bank acquisition funded with Afrexim loan, others – TGI 

Tropical General Investment Group, the majority owner of Titan Trust and Union Banks has denied any wrongdoing in the acquisition of the latter by the former… Read more

Source: https://punchng.com/union-bank-acquisition-funded-with-afrexim-loan-others-tgi/

5. Investors gain N894bn as blue-chip stocks drive trading 

Equity market investors playing in the Nigerian Exchange Limited had N894bn added to their wealth during the past week even as the market hit record highs… Read more

Source: https://punchng.com/investors-gain-n894bn-as-blue-chip-stocks-drive-trading/

6. CSOs ask stakeholders to implement COP28 resolutions

Civil Society Organisations have appealed to all participating parties in the recently held 28th Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change to urgently translate the decisions reached during the session into concrete actions… Read more

Source: https://punchng.com/csos-ask-stakeholders-to-implement-cop28-resolutions/

7. Stock market maintains bullish run, defies Christmas sentiment

The Nigeria stock market, last week, maintained bullish run defying the usual Christmas sentiment characterised by sell pressures… Read more

Source: https://www.vanguardngr.com/2023/12/stock-market-maintains-bullish-run-defies-christmas-sentiment/amp/

8. SEC mulls mutual funds administration review 

The Securities and Exchange Commission has proposed amendments that would address the complaints of players in the Collective Investment Scheme segment of the capital market… Read more

Source: https://punchng.com/sec-mulls-mutual-funds-administration-review/

9. Chams HoldCo’s CEO attributes stellar performance to backward integration, others  

Despite the inclement operating environment in Nigeria, Chams Holding Company Plc’s (Chams HoldCo) has topped the list of quoted companies with over 600 percent capital gain on the Nigerian Exchange Limited, NGX… Read more

Source: https://www.vanguardngr.com/2023/12/chams-holdcos-ceo-attributes-stellar-performance-to-backward-integration-others/amp/

10. FBN Insurance Brokers launches new product 

The Managing Director of the FBN Insurance Brokers, Olumide Ibidapo, has said the company only survived the economic challenges of the outgoing year, and surpassed its financial performance of 2022… Read more

Source: https://punchng.com/fbn-insurance-brokers-launches-new-product/

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