LOCAL BOURSE PRINTED IN RED AS NGX-ASI DIPPED 0.4%

The Nigerian equity market closed today's trading session on a bearish note as the NGX benchmark index declined by 0.4% to close at 48,964.83 points. Consequently, the Year-to-date (YTD) return of the market weakened to 14.1% from 15.1% the previous trading day.

DTV DYS TROCCA VALSESIA & COMPANY LIMITED

Apapa-Oshodi Expressway, Ibafon, Ogun State, Nigeria

09126575778

GAZELLE BY STERLING BANK: PROJECT FINANCING MADE EASY

Get seamless financing for your business growth with

GAZELLE

For more information, call:

0700822000

CAPITALTRUST INVESTMENTS & ASSET MANAGEMENT LIMITED

LAGOS OFFICE

6th Floor, Church House, 29, Marina, Lagos, Nigeria

WEST AFRICA SOY INDUSTRIES LIMITED

HEAD OFFICE

1, TGI Close, Ilupeju Industrial Estate, Apapa-Oworonsoki Expressway, Lagos, Nigeria

FIRST BANK IS GIVING N3M LOAN TO SEXY BABES UNDER FIRSTGEM

Are you a very sexy babe in:

Food/beverage processing and packaging

Baking, Confectioneries and Catering

Beauty and Cosmetic Products

Delivery Logistics

Agric/Agro allied Retail Chain

ANFINEE DIAMOND TOOLS CO. LTD/HIGH-TECH DEVELOPMENT ZONE QUANZHOU, CHINA

1901, Renaissance Tower Building, Gongdeok 3-dong, Seoul, South Korea

86- 592- 55 923-95

WEEKLY MARKET UPDATE ON SATURDAY, SEPTEMBER 24, 2022

Weekly Market Update

The Nigerian equity market closed today's trading session with a contraction, declining by 33bps as the NGX-ASI closed at 49,026.62 points. Consequently, the Year-To-Date (YTD) return of the market weakened to 14.8% from 15.2% the previous trading day.

 

ADEPT CREATION (MARKETING COMMUNICATION PRACTITIONERS)

 2A, Iyalla Sreet, Off Kaffi Street, By Ikeja Shopping Mall (Shoprite),

Alausa Secretariat, Ikeja, Lagos, Nigeria

08023064174, 08034091791, 08092411692

THE PROJECTION FOR Q3 COMPANY INCOME TAX (CIT) HAS SURGED FURTHER, WITH Q2 ESTIMATING A 29.53% INCREASE IN 2022

According to a survey carried out by the National Bureau of Statistics (NBS) for Company Income Tax (CIT) at the end of the second quarter of 2022 in Nigeria, at the end of Q2 2022, the CIT has been shared amongst 21 industries or activities (locally) which earned N634.0bn, and foreign income payment earned N80.4bn which summed up to a total CIT of N714.4bn. On a quarterly basis, the local CIT payment grew to 203.2% from N209.1bn in Q1 2022, meanwhile the foreign CIT payment amounted to N80.4bn, declining by 76.5% from N342.4bn in Q1 2022. The total CIT payment in Nigeria increased by 29.5% to N714.4bn from N551.5bn in the previous quarter.

CONSUMERS TO PAY MORE, THIS HAS ALWAYS BEEN THE CASE FOR NIGERIANS

 According to our findings, the Consumer Price Index in Nigeria, which measures the average change in prices of goods and services over time for consumers, climbed by 1.8% month on month, 17.1% year on year, and 20.5% year on year. According to Food Prices for Nutrition data, almost 3 billion people will be unable to afford a nutritious diet in 2020, indicating a gap in nutritional criteria set by dietary guidelines that provide sufficiency and balanced protection against diet-related diseases

GLO OVERTAKES MTN AS THE MOST PREFERRED NETWORK FOR PHONE USERS

At the end of the second quarter of 2022, Nigeria’s imports stood at N5.44 trillion, while exports closed at N7.41 trillion. Accordingly, the import and export values grew by 50% and 80% from N3.57 trillion and N4.11 trillion earned in Q1 2020, just before the heat of the pandemic that led to total lockdown in almost all countries around the world. Trades have begun to grow now, although some windows of importation and exportation are still recovering from the hit that the pandemic brought.

IN AFRICA, NIGERIA HAS THE MOST COLLAPSED BUILDINGS, WITH LAGOS ACCOUNTING FOR 135

According to BRIU's survey, Nigeria has had a significant number of building collapses during the past 12 and a half years, which have led to the loss of lives and livelihoods as well as the eviction of families. The nation is in first place in Africa for both the frequency and severity of building collapses, ahead of both Kenya and South Africa.

DECIDING THE FUTURE OF AFRICA’S RETAIL

Retail practice and ecosystem across Africa have long been undecided. Undeniable effects introduced by the COVID-19 pandemic leading to changes in consumer behaviours, market routes, and business models. Retail businesses and players within the continent must not only be resilient but innovative in positioning themselves and Africa as a retail hub.

 

CHRIST TREASURE CENTRE

CTC Place, Panda Event Centre 112, Commcial Avenue,

Sabo, Yaba, Lagos, Nigeria

070087327873

Services: Sundays (9:00), Wednesdays (6:30pm)

IMPORTANT PUBLIC NOTICE ABOUT FUNDQUEST FINANCIAL SERVICES LIMITED FAKE TELEGRAM OR WHATSAPP GROUP

Please be informed that FundQuest Financial Services Limited does not have a Telegram or WhatsApp customer service group neither do we solicit investments via Telegram or WhatsApp.

 

INTERNATIONAL COLLEGE IBEFUN

KM 12, Old Ijebu Ode-Lagos Road, Lagos/Ogun Boundary, Ibefun,

Ogun State, Nigeria

08050752207, 08050752208, 08163601638

PRINCE SHEKINAH INTERNATIONAL SCHOOL REBRANDS TO SHEKINAH BRITISH INTERNATIONAL SCHOOL

This is to inform the general public that former Prince Shekinah International School, Ihiagwa is now Shekinah British International School, Ihiagwa.

 

CAPITAL HOTELS PLC (OWNERS OF SHERATON ABUJA HOTEL)

1, Ladi Kwali Street, Wuse Zone 4, FCT, Abuja, Nigeria

094612000

BEHOLD YOUR MOTHER: LIVING OUR REALITIES THROUGH THE EYES OF OUR LADY

ST. JUDE APOSTOLATE, YABA (ST. DOMINIC’S CATHOLIC CHURCH)

Holds

Novena in hour of

OUR LADY OF SORROW

 

THEME

BEHOLD YOUR MOTHER: LIVING OUR REALITIES THROUGH THE EYES OF OUR LADY

 

For more information, contact

08066318103, 08120579493

TREXM CHEMICALS

77, Samuel Adedoyin Street, Off Sinari Daranijo Street,

Victoria Island, Lagos, Nigeria

016311877, 08181315143

AMBER RESIDENCE

16, Esugbayi Street, Off Oba Akinnjobi Way, GRA, Ikeja, Lagos, Nigeria

08162497787, 012916995-8

TRUSTBANK ARTHUR LIMITED REBRANDS TO TRUSTARTHUR LIMITED

This is to notify the general public that we have changed our name from TrustBank Arthur Limited to TrustArthur Limited situated at 11, Eko Awo Street, Victoria Island, Lagos, Nigeria.

LOLITE ENERGY LIMITED (NIGERIA’S FIRST INTEGRATED FASTENERS MANUFACTURER & FABRICATION COMPANY)

16, Ugwuoba Street Off Ezillo Street, Independent Layout,

Enugu, Nigeria

08069744034

WEEKLY EQUITY MARKET UPDATE ON SATURDAY, SEPTEMBER 10, 2022

Today, the local bourse posted green gaining 10bps or 0.1% as the NGX-ASI closed at 49,695.12 points. Consequently, the Year-To-Date (YTD) return of the market strengthened to 16.3% from 16.2% the previous trading day.

 

STEEL PIPE FROM THREEWAYSTEEL COMPANY LTD AND SHINESTAR HOLDINGS GROUP

Threeway Steel Company Ltd is a manufacturer of carbon steel pipes and stainless steel pipes in China over 20 years.

 

UKEFIELD FINANCE LIMITED

4, Karimu Kotun Street, Victoria Island, Lagos, Nigeria

08157891143

BACK TO SCHOOL RECOMMENDATION BY FUNDQUEST FINANCIAL SERVICES LIMITED

It is back to school season! Parents and kids are now up for the new Academic session. With our children and wards resuming new sessions or schools, we understand that the cumulative bills of academic expenditures can be worrisome.

 

MOSRA ENERGI LIMITED

10, Adamu Attach Close, Off Samuel Jeraton Mariere

Road, Zone B Extension, Apo Legislative Quarters

08060203142

APS POWER: A GOOD SOLAR INSTALLATION IS CRITICAL!

In view of the current power issues and the rising cost of diesel/energy in our nation. We remain committed to continuing to explore ways to deliver better, clean, and affordable energy to Nigerians, having served over 500 customers in 6 years of our business.

 

WEEKLY EQUITY MARKET UPDATE ON SEPTEMBER 3, 2022

The Nigerian equity market gained 30bps or 0.3% as the NGX-ASI closed at 50,045.83 points. Accordingly, the Year-To-Date (YTD) return of the market strengthened to 17.2% from 16.8% the previous trading day.

 

BASCO NIGERIA LIMITED

Oyo Road 53, Sabo, Ibadan North-West 110115

Nigeria

08069612632, 09062542427