+234 (1) 453 9639 | 0802 701 2454 | customerservice@globalviewng.com

Daily Business News Brief – August 8th, 2022


Ardova, R.T Briscoe, Japaul Others Report N3.44bn Loss in H1 – Thisday
As most companies listed on the Nigerian Exchange Limited (NGX) announced increase in profit before tax in H1, the likes of Ardova Plc, R.T Briscoe (Nigeria) Plc, Japaul Group Plc, and 8 other companies have reported a sum of N3.44 billion loss before tax in half year (H1) ended June 30, 2022.  This 54 per cent lower when compared to N7.5billion loss before tax declared by these 11 companies in half year ended June 30, 2021 ……..Read More

NGX Group Reports N820.17m Profit in H1 202 – Thisday
The Nigerian Exchange Group (NGX Group) has announced its unaudited results for the half year (H1) ended June 30, 2022 with N820.17million profit, representing an increase of 82.4 per cent from N million reported in the half year ended June 30, 2021.  The group’s H1 2022 results also revealed that profit before income tax grew by 134.4per cent to N1.22 billion in H1 2022 from N521.9 million in the corresponding period in 2021 due to impressive growth in the top line which was more than sufficient to mitigate the impact of the increases in key expense lines……...Read More

CBN Auctions N2.89trn NTBs in 7 Months, Records 39.47% Oversubscription – Thisday
In a bid to help the federal government finance the 2022 budget deficit, the Central Bank of Nigeria (CBN) has auctioned the sum of N2.98trillion through Nigerian Treasury Bills (NTBs) auction in seven months of 2022, compared to N2.28 trillion auctioned in seven months of 2021.   The CBN, who offered to auction N2.05trillion 91-Day, 81-Day, and 364-Day tenor NTBs, according to its “government securities” in the period under review, eventually raised N2.98 trillion as investors’ demand for its long-term NTBs spike over lucrative yield……….Read More

Banks Shun Lending to Real Sector as Deposit With CBN Surge by 12% – Punch
Despite the 65 per cent Loan-to-Deposit (LDR) ratio policy of the Central Bank of Nigeria (CBN) which was aimed at forcing the hands of financial institutions to lend to the real sector of the economy, banks’ deposits with the CBN has continued to witness exponential growth hitting 12 per cent Year-on-Year (YoY) as at end July this year.  According to Standing Deposit Facility (SDF) data by the apex bank, banks’ deposit since the beginning of the year has witnessed a steady increase as uncertainty continued to mount over the 2023 general elections, among other factors…….Read More

Bakers plan fresh hike, cite cost of materials – Daily Independent
Bakers, under the aegis of the Premium BreadMakers Association of Nigeria, have warned of yet another hike in prices of bread due to the skyrocketing cost of baking materials. President of the association, Emmanuel Onuorah, disclosed this to The PUNCH in an exclusive interview, stating that the recent developments in the global marketplace had not translated into a better operating environment for local bakers. The planned hike follows a recent strike action by PBAN, as well as the Association of Master Bakers and Caterers of Nigeria, which culminated in a 15 per cent hike in bread prices barely two weeks ago…..…..Read More

eNaira: CBN Improving Features for Re-launch, Inclusive Adoption – Punch
The Central Bank Digital Currency (CBDC) otherwise known as the eNaira, is undergoing what may be termed ‘cautious adoption’ by users just like the cases of the previous technology- driven payment platforms (Automated Teller Machines, Debit Cards, and Point of Sale- POS) when they were introduced. Despite the pessimism that heralded the introduction of Debit Cards and POS, in the early stages of its introduction, they have become indispensable means of financial transactions in the daily life of Nigerians……..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!