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Daily Business News Brief |  Tuesday, January 4th,  2021.

4
Jan

Value of 10 Highly Cap Stocks Gain N532.66bn Amid Decline in Others in 2021 – Thisday

On the backdrop of closing positive in 2021, the value of 10 most capitalised stocks on the Nigerian Exchange Limited (NGX) gained N532.66billion despite the decline in BUA Cement, Stanbic IBTC Holdings Plc, Guaranty Trust Holdings Plc (GTCO) and Nigerian Breweries Plc market values.  The other most capitalised stocks on Value of 10 Highly Cap Stocks Gain N532.66bn Amid Decline in Others in 2021 include Dangote cement Plc, MTN Nigeria Plc, Airtel Africa Plc, Nestle Nigeria Plc, Zenith Bank Plc, and Lafarge Africa Plc…………….. read more

FMDQ: Total Foreign Exchange Trade Drops by 23.59% in November – Punch

FMDQ Exchange has disclosed that total foreign exchange (FX) market turnover dropped by 23.59 per cent in its month-on-month (MoM) performance to N4.28trillion or s. $10.30billion in November from N5.59 trillion or $13.48billion recorded in October 2021.  FMDQ in its Fixed Income and Currencies (FIC) monthly report noted that the MoM decrease in total FX market turnover was jointly driven by the 21.11 per cent or $1.50billion and 26.31 per cent or $1.68billion MoM decrease in FX Spot and FX Derivatives turnover respectively in November. …………….read more

OPEC Forecasts Little Impact of Omicron on Oil Demand –  Punch

The Organisation of Petroleum Exporting Countries (OPEC) and its allies OPEC+ expects the impact on the oil market from the Omicron coronavirus variant to be mild and temporary, keeping the door open for a further increase in output, a technical report seen by Reuters has shown. “The impact of the new Omicron variant is expected to be mild and short-lived, as the world becomes better equipped to manage COVID-19 and its related challenges,” the Joint Technical Committee (JTC) report said……………..read more

CBN, SEC, others to lift financial sector with fresh N1.54tn investment – Daily Independent

Federal Government Ministries, Departments and Agencies, especially financial services regulators are to invest N1.54tn in five years to boost liquidity in the financial services sector. According to the Federal Government National Development Plan 2021-2025, the government is planning to raise the liquidity thresholds in each segment of the financial system to the levels that will support the growth and development of the country.  The investment is also expected to strategically optimise all components of the nation’s balance sheet to unlock the liquidity required to support the stability, growth and transformation of the economy……………..read more

Nigeria’s debt vulnerable, costly, alerts World Bank -Thisday

The World Bank has disclosed that Nigeria’s debt, which may be considered sustainable for now, is vulnerable and costly. According to the Washington-based global financial institution, the country’s debt is also at risk of becoming unsustainable in the event of macro-fiscal shocks. The bank said this in the November edition of its Nigeria Development Update.  It said, “Nigeria’s debt remains sustainable, albeit vulnerable and costly, especially due to large and growing financing from the Central Bank of Nigeria.  “While currently the debt stock of 27 per cent of the Gross Domestic Product is considered sustainable, any macro-fiscal shock can push debt to unsustainable levels.

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Vitafoam posts N4.38bn profit, declares N1.88bn dividend – Vanguard

Vitafoam Nigeria Plc has reported a profit after tax of N4.38bn for the year ended September 30, 2021, compared to N3.46bn in 2020.  The manufacturer of foams and other household materials declared a dividend of N1.88bn for the year, an increase of 114 per cent over the previous year, according to a statement.  The statement said the amount, which translates to N1.50 per ordinary share, had been proposed by the company’s board to be laid before the shareholders for endorsement during the company’s Annual General Meeting, scheduled for March 3, 2022 in Lagos……………….read more

Nigeria’s inflation rate may be among world’s highest in 2022 – World Bank – Punch

The World Bank has said Nigeria may have one of the highest inflation rates globally in 2022, with increasing prices diminishing the welfare of Nigerian households. According to the World Bank, Nigeria is projected to have one of the highest inflation rates globally and the seventh highest among Sub-Saharan African countries in 2022 “In 2022, Nigeria is expected to have one of the highest inflation rates in the world and the seventh highest in Sub-Saharan Africa,” it said………………..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!