+234 (1) 453 9639 | 0803 374 0045 | customerservice@globalviewng.com

Daily Business News Brief |  Friday December 31st, 2021.

31
Dec

Stock Market Rebounds, Appreciates Marginally By N3.22bn – Thisday

Investors’ investment on the stock market of the Nigerian Exchange Limited (NGX) reverse prior day loss on renewed bargain hunting in Nigerian Exchange Group (NGX Group), UPDC Real Estate Investment Trust, Zenith Bank Plc, 19 among others.  Specifically, the overall market capitalisation gained N3.22 billion to close at N21.825 trillion, while NGX All-Share Index (ASI) grew by 6.17 basis points or 0.01 per cent to close at 41,813.27 basis points from 41,807.10 basis points the stock market opened for trading…………….. read more

FG borrows N13.6tn via bonds in six months amid rising deficit financing – Punch

The Federal Government’s bond offer and allotment rose by N1.99tn in the first six months of this year to N13.66tn, from the N11.67tn recorded in the corresponding period of last year.  The Financial Markets Department of the Central Bank of Nigeria disclosed this in its half-year activity report for 2021.  It attributed the rise to government’s drive to fund fiscal deficit from the domestic market.  The report stated that, “In the review period, FGN bonds worth N900bn was offered, while public subscription and sale stood at N1.73tn and N1.42tn, respectively. The amount offered comprised new issues and re-openings of FGN bonds…………….read more

Six multinationals to pay N249bn oil proceeds in January – NNPC –  Punch

A total of N249.3bn for October 2021 domestic crude oil sales by six multinational oil companies operating in the upstream sector will be paid in January 2022, the Nigerian National Petroleum Company Limited has said.  The NNPC made this known in its latest report on Nigeria’s crude oil export and domestic crude oil sales in the month of October 2021. The report was obtained in Abuja on Thursday. This came as the oil firm revealed that it would also deduct N270.83bn from what would be shared by the three tiers of government during the Federal Accounts Allocation Committee meeting in January next year……………..read more

FG borrows N1.99tn via bonds in six months amid rising deficit financing – Daily Independent

The Federal Government’s bond offer and allotment rose by N1.99tn in the first six months of this year to N13.66tn, from the N11.67tn recorded in the corresponding period of last year. The Financial Markets Department of the Central Bank of Nigeria disclosed this in its half-year activity report for 2021.  It attributed the rise to government’s drive to fund fiscal deficit from the domestic market.  The report stated that, “In the review period, FGN bonds worth N900bn was offered, while public subscription and sale stood at N1.73tn and N1.42tn, respectively. The amount offered comprised new issues and re-openings of FGN bonds……………read more

CBN forex policies may threaten economic growth in 2022 — Report -Thisday

The Centre for the Promotion of Private Enterprise, an economic think tank, has said the “monetary and foreign exchange policy rigidities” of the Federal Government may disrupt the economic growth of the nation in 2022.  The Central Bank of Nigeria is responsible for monetary and forex policy in the country.  The centre made this known in its ‘2022 Economic Outlook’ report, a copy of which was obtained by our correspondent on Thursday. According to the organisation, there is no indication that the nation will shift from its current monetary and foreign exchange policy and this may hamper economic growth in 2022.

…………….read more

 

FG raises N1.77tn Sukuk fund for Ibadan-Ilorin, Enugu-Port Harcourt, 95 other roads – Report – Vanguard

The Federal Government earned N1.77tn from sukuk bonds over a period of four years, according to a report obtained by our correspondent. The N1.77tn sukuk was raised between 2017 and 2021, the report stated.  The sukuk bonds, which are sharia-compliant bond-like instruments used in Islamic finance, were issued to finance over 97 road projects across the country.  In 2017, the Federal Government raised a N100bn seven-year debut sukuk bond for the financing of 25 road projects across the six geo-political zones of the country……………….read more

fake richard mille
There are not many functions of richard mille replica, except for the basic time display, there is only a very powerful tourbillon function. Its time display function has only two hands, hour and minute hands. Although it cannot display the time accurately to the second, it has a good effect on the overall style of the watch. The diameter of the tourbillon is 10.90 mm, and its position is just in the mouth of the skull. It can be said that the position is very classic. When the watch is working, the tourbillon is spinning fast in the skull's mouth, faintly visible through the gaps of the cage-shaped teeth made of rose gold, giving people not only a mechanical beauty but also an indescribable feeling. It can be said that it is a kind of awe of death, or it is a shock of immortal imagery. In short, let go of your thinking, on this fast-moving tourbillon, your thoughts have no end. This watch also uses a back-through design. The movement of the movement and the operation of the tourbillon can also be seen through the back of the watch. This watch is also known as a fine product in terms of machinery.
The latest and best quality materials in today's watch field are used in conjunction with precious metals to make it surrounded by a luxurious and noble aura when it is born. The detailed processing of each screw and each plane is a manifestation of its high quality. It perfectly combines the unconventional skull design with the tourbillon technology that Richard Mille is famous for. It gives people visual enjoyment and brings us thinking about the ultimate problem of life, which is evocative. endless. Coupled with a movement that has applied many advanced technologies to show the beauty of machinery in front of people, its performance is beyond doubt!