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Daily Business News Brief | Thursday, July 14th, 2022


Stock Market depreciates by N90.14bn After Two-day Sallah Break – Thisday

Opening the holiday shortened week over Sallah celebration, the stock market of the Nigerian Exchange Limited yesterday (NGX) commenced active trading this week with investors profit-taking in 25 stocks against 11 gainers that eventually down the market by N90.14billion……………read more

Banks borrow N595.34bn from CBN in two months – Thisday

Banks borrowed N595.34bn from the Central Bank of Nigeria between January and February, data obtained by our correspondent have shown.The   CBN’s monthly economic report showed that while N333.59bn was borrowed through the Standing Lending Facility in January, the amount reduced to N255.75bn in February.  The CBN said increased liquidity in the banking system caused a reduction in the amount borrowed by the lending institutions……………read more

Inflation pushing Nigeria, others to the brink — IMF – Daily Independent

The International Monetary Fund has said inflation, debt, and forex crisis is pushing the Nigerian economy and other African economies to the brink. The Managing Director of the IMF, Kristalina Georgieva, said ministers of finance and central bank governors on the continent disclosed this to her this week.  She added that most countries on the continent could raise money from the global financial markets and do not have large domestic markets to turn to. ………….read more

Fuel price halts at N200/litre, high fares linger-Punch

Motorists and commuters in Lagos and Ogun states on Tuesday again, lamented the biting consequences of the lingering fuel scarcity as the situation remained unchanged from the trends experienced over the past two weeks.  Checks by our correspondents showed that the price of Premium Motor Spirit, commonly referred to as petrol, seemed to have stalled at N200/litre, about the same price the product has been selling in Lagos, Abuja and some states over the past week………..read more

ASHON Boss Tasks Investors on Risk Management – Investor

The Chairman, Association of Securities Dealing Houses of Nigeria (ASHON), Mr Sam Onukwue, has urged Investors to take advantage of opportunities that abound  in the Nigerian financial market despite the continuous state of uncertainty.  Onukwue, who spoke on some media reports that investors are facing bleak future in  the second half of 2022, following continuous macroeconomic vagaries, supply chain disruptions arising from the Russia-Ukraine conflict, drop in production and trade growth, rising higher energy,  food prices, and  inflation among others said there would always be investment opportunities………….read more

fake richard mille
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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!