+234 (1) 453 9639 | 0802 701 2454 | customerservice@globalviewng.com
Open an Account GTrade 2.0 Login Technical Support

Daily Business News Brief |  Monday, February 14th,  2022.

Home   /   Business News Brief   /   Daily Business News Brief |  Monday, February 14th,  2022.
14
Feb

February 14, 2022
by
in Business News Brief

Market Cap Down N42bn WoW on Investors’ Profit-taking – Thisday

The positive activities in the stock market of the Nigerian Exchange Limited (NGX) witnessed a halt as investors profiting emerged in trading last week.  In line with the bearish trend, the NGX All-Share Index moderated Week-on-Week (WoW) by 0.16 per cent to close at 47,202.30 basis points, while the market capitalization shed N42 billion W-o-W to close at N25.436 trillion……………. read more

Banks’ forex ban: Dollar scarcity, inflation, firms’ closure imminent, experts warn – Punch

Financial analysts and economic experts have expressed worry over the plan by the Central Bank of Nigeria to stop the sale of foreign exchange to Deposit Money Banks by December this year.  The economists, who spoke to The PUNCH in separate interviews on Sunday, raised concerns over the ramifications of the decision on the economy, stating that the decision might worsen dollar scarcity, increase inflationary pressures and fuel exchange rate shocks……………… read more

Fuel sells for N400/litre in Abuja, others, scarcity persists in Lagos – Daily Independent.

Residents of Abuja and neighbouring states of Niger and Nasarawa are still facing tough times sourcing for Premium Motor Spirit, popularly called petrol, with the commodity selling for as high as N400/litre by black marketers. The development came almost one week after the import of millions of dirty PMS from Europe into Nigeria disrupted the fuel supply system of the country, leading to long queues nationwide……………..read more

Insurance Sector’s Total Premium Reached N508bn in 2021 as Claims on Endsars Protest Hits N11bn – Punch

Chairman of the Nigeria Insurers Association (NIA), the umbrella body of insurance underwriters in the country, Mr Ganiyu Musa has said that the insurance sector in 2021 raked in N508 billion Gross Premium.  He also disclosed that operators have so far paid a total of N11 billion claims to victims of the 2020 #Endsars protest.  Musa who stated this while addressing newsmen in Lagos on the activities of insurers said the sector in 2018 recorded N400 billion premium and 413 billion in 2019………………. read more

CBN Sell N687.8bn TBs in First 6 Weeks of 2022 on improved Liquidity, Demand -Vanguard

Following improved system liquidity supporting demand, the Central Bank of Nigeria (CBN) within the first six weeks of 2022, sold N687.8 billion Treasury Bills at its primary market auctions, and repaid a total of N227.35billion during the period.  THISDAY checks revealed that the CBN conducted three primary market auctions in January 2022 and once so far in first two weeks of February……………….. read more

Private sector raises fresh N100bn to support FG amid rising insecurity – Punch

The Coalition Against COVID-19 has disclosed plans to provide N100bn to the Federal Government to assist security agencies tackle the current spate of insecurity in the country.  The Chairman of the United Bank for Africa, Tony Elumelu disclosed this at a dinner organised for top executives of the bank, held during the weekend. According to Elumelu, the task force is tasked with pooling resources across industries to provide technical and operational support while providing funding and building advocacy through aggressive awareness drives………………… 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!