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Daily Business News Brief | Wednesday, June 1st, 2022.


Value of 14 Banks’ Stocks Appreciate Marginally by N73.09bn Despite Decline in Corporate Earnings for 2021 – Thisday

On the heels of investors apathy, coupled with decline in corporate earnings for 2021 financial year and the first quarter of 2022, the values of 14 listed banks on the Nigerian Exchange Limited (NGX) added just N73.09 billion in five months of 2022 as investors trade with caution…………….read more

CBN retains 5% interest rate for power sector, others – Thisday

Sequel to its development finance initiative, the Central Bank of Nigeria has agreed to leave interest rates at five per cent per annum for critical sectors and manufacturing industries until March 2023.  The decision followed the resolution of the Monetary Policy Committee to increase benchmark interest rate to 13 per cent from 11.5 per cent. Rate increases of this nature often lead to increases in lending rates across the various sectors of the economy.  The CBN said, “The MPC is of the view that rates on the development finance initiatives of the Bank should remain at five percent till March 2023.”…………..read more

NGX to Deepen Collaboration With ICAN for Market Devt – Punch

Nigerian Exchange (NGX) Limited has stated that it will deepen its collaboration with Institute of Chartered Accountants of Nigeria (ICAN) for the development of the Nigerian capital market.  The Chief Executive Officer of Nigerian Exchange, Mr. Temi Popoola, CFA stated this at the Digital Closing Gong Ceremony of ICAN on the NGX………….read more

Consumer goods imports rise by 109.25% amid dollar shortage – Punch

Nigeria spent N1.22tn on consumer goods imports in 2021, according to the Foreign Trade Statistics of the National Bureau of Statistics.  This was a 109.25 per cent increase from the N584.41bn spent on importing consumer goods in 2018.  The consumer goods imported into the country are categorised into durable, semi-durable and non-durable…………..read more

Nigeria, others face high risk of food crisis – Report – Daily Independent

Nigeria and 44 other countries around the world are severely exposed to the Ukraine war-induced food crisis, a study by Boston Consulting Group, a global management consulting firm, has shown.  BCG, in a report titled, ‘The war in Ukraine and the rush to feed the world’, said it explored in detail, the multiple direct and indirect impacts of the turmoil in Ukraine on global food systems…………….read more

Nigeria’s Internet population grows by 108.39%, now 80.68 million- Thursday

Nigerians with access to fast Internet have grown by 108.39 per cent in four years, according to data from the Nigerian Communications Commission.  The commission’s portal revealed that broadband penetration increased from 38.72 million (20.28 per cent) in March 2018 to 80.68 million (42.27 per cent) in March 2022.  According to the ‘Nigerian National Broadband Plan (2020 – 2025),’ broadband commonly refers to high-speed Internet connection……………….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!