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Daily Business News Brief | Tuesday, April  12th, 2022.


Japan Coys Explains Acquisition Of 25% Stake In Nigeria’s Axxela – Independent

Japan’s business conglomerate Sojitz Corporation, has acquired 25 percent equity stake in Nigeria’s largest private-sector gas distribution company, Axxela, the first major African equity investment by Sojitz. Helios Investment Partners (Helios), the Africa-focused private investment firm, sold 25 percent equity interest in the holding company of Axxela.It retains a 75 percent majority equity interest in the company…………….read more

MFBs: NDIC Set To Fast Track Depositor Reimbursement With Single Customer View Platform -Independent

The Nigeria Deposit Insurance Corporation (NDIC) has stated that it has developed a Single Customer View (SCV) platform to be deployed to microfinance banks (MFBs) to eliminate delays often experienced in reimbursing depositors following revocation of failed MFBs licences by the Central Bank of Nigeria (CBN). Mr. Bello Hassan, Managing Director/Chief Executive of the Corporation, made the disclosure while receiving executive members of the National Association of Microfinance Banks (NAMB) on a courtesy visit to the NDIC Management in Abuja……………..read more

Fears as Oil Producers Awaits Decisive Action against Crude Oil theft – Thisday

There is an interesting oil industry legend on crude oil theft! During a particular peak of the theft, the government observed that as oil revenue of the country and oil companies dwindled, mansions of some security personnel working in the Niger Delta were sprouting in Abuja. To address the twin issues, the government ordered the numerous vessels on the high seas involved in the booming trade to be bombed because all attempts to stop the theft failed. …………….. read more

FCMB Group Sustains Impressive Performance as Revenue Hits N212bn – Thisday

FCMB Group Plc has announced gross revenue to N212 billion for the year ended December 31, 2021 representing a 7 per cent growth over N198.4 billion recorded in 2020. It also announced a profit before tax of N22.7billion from N21.9billion the prior year while profit after tax also rose by 7 per cent to N20.9 billion………………..read more

AXA Mansard’s gross written premium rises by 27%– Punch

The gross written premium of AXA Mansard Insurance Plc, a member of the AXA Group and a global insurance and asset management firm, rose by 27 per cent to N60.20bn as of the end of December 2021, from N47.58bn in December 2020.The company said in a statement that its net premium income rose by 17 per cent to N37.14bn, from N31.72bn in December 2020……………read more

Custodian Investment grows revenue by 14% – Punch

THE Chairman, Custodian Investment Plc, Dr. Omobola Johnson, has said the company grew its revenue by 14 per cent as of the end of December 31, 2021 financial year. A statement from the company said the chairman disclosed this while addressing shareholders at the 27th yearly general meeting of the company in Lagos. Despite economic conditions in 2021 financial year, she said the gross revenue grew from N75.06bn in 2020 to N85.74bn in 2021……………………….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!