Home Financial Top Business & Finance News Headlines For Today, Monday, 3rd April, 2023

Top Business & Finance News Headlines For Today, Monday, 3rd April, 2023

by Ikenna Ngere
Business Today

1. UAC Nigeria, Eterna shares plummet, stock market sheds N26.14 billion

The stock market capitalisation depreciated by –0.08 per cent on Monday, representing a loss of N26.14 billion, as it dropped from N29.54 trillion to N29.51 trillion… Read more

Source: https://www.ripplesnigeria.com/uac-nigeria-eterna-shares-plummet-stock-market-sheds-n26-14-billion/

2. How to plan your relocation overseas

The thought of relocating out of Nigeria to countries like the United Kingdom, Canada, Scotland, and others can be a thrilling experience.. Read more

Source: https://punchng.com/how-to-plan-your-relocation-overseas/

3. Firm to launch merchant lending solution

The Chief Executive Officer of Cellulant Group, a pan-African fintech firm operating in 18 countries, Akshay Grover, has said the firm has concluded plans to launch its merchant lending solution, which will offer working capital to small businesses.. Read more

Source: https://punchng.com/firm-to-launch-merchant-lending-solution/

4. Stock Market Depreciates by N857bn in March Amid Political Tension

The market capitalisation of the Nigerian Exchange (NGX) depreciated by N857billion in March 2023 amid political tension, inflationary pressure and scarcity of local currency in the domestic economy.. Read more

Source: https://www.thisdaylive.com/index.php/2023/04/03/stock-market-depreciates-by-n857bn-in-march-amid-political-tension/

5. Leadway Becomes First Insurance Coy to Cross N104.4bn in Total Premium

Leadway has emerged the first insurance company in Nigeria to cross 3-digit billion mark with total premium collection of N104.4 billion of which Gross Written Premium is N92.5 billion, Savings & Investment is N10.8 billion and another N1.1 billion from its Ivorien Insurance subsidiary.. Read more

Source: https://www.thisdaylive.com/index.php/2023/04/03/leadway-becomes-first-insurance-coy-to-cross-n104-4bn-in-total-premium/

6. Revenue, Other Income Boost BUA Foods’ Profit

BUA Foods Plc’s 2022 audited result and accounts showed an impressive performance driven by strong revenue and other income amid challenging operating environment.. Read more

Source: https://www.thisdaylive.com/index.php/2023/04/03/revenue-other-income-boost-bua-foods-profit/

7. LFZ Completes N17.5bn 20-year Series 3 Infrastructure Fixed Rate Issuance

Lagos Free Zone Company (“LFZC or LFZ”), has announce the successful issuance of a N17.5 billion 20-Year Series 3 Senior Guaranteed Fixed Rate Corporate Infrastructure Bonds due 2043 (the “LFZ Bonds”), which is the third issuance under an upsized N61 billion Bond Issuance Programme.. Read more

Source: https://www.thisdaylive.com/index.php/2023/04/03/lfz-completes-n17-5bn-20-year-series-3-infrastructure-fixed-rate-issuance/

8. Experts Explore 25 Tomato, Pepper Seed Varieties In Nigeria

Agricultural experts at Prime Agro Seed in collaboration with Netherland-based agro solutions firm, PROFYTA, have commenced trial of 25 tomato and pepper seed varieties as part of measures to boost production.. Read more

Source: https://www.thisdaylive.com/index.php/2023/04/03/experts-explore-25-tomato-pepper-seed-varieties-in-nigeria/

9. AFOS Foundation Commits over €5.5m to Agric Interventions

AFOS Foundation, a Germany-based autonomous and charitable foundation developed to support micro and small businesses and the rising middle class in developing and emerging nations said it has committed over €5.5million to agriculture interventions in Nigeria.. Read more

Source: https://www.thisdaylive.com/index.php/2023/04/03/afos-foundation-commits-over-e5-5m-to-agric-interventions/

10. Eunisell Redeems N4bn Commercial Paper

Eunisell Limited has announced the successful redemption of its N4 billion Commercial Paper Series II Issuance Programme.. Read more

Source: https://www.thisdaylive.com/index.php/2023/04/03/eunisell-redeems-n4bn-commercial-paper/

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