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Daily Business News Brief – August 25th, 2022


Investors in Interest in Nestle, Others Lift Stock Market by N65bn – Thisday
The stock market of the Nigerian Exchange Limited (NGX) yesterday recovered from five straight sessions of losses to appreciate by N65billion amid investors renewed interest in Nestle Nigeria Plc, among others. In summary, the NGX All-Share Index (ASI) grew by 120.48 basis points or 0.25 per cent, to close at 48,675.24 basis points. Consequently, the overall market capitalisation value gained N65 billion to close at N26.254 trillion…………Read More
Forex inflows drop 17% to $6.6bn – Punch
Aggregate foreign exchange inflows into the economy fell by 17.3 per cent to $6.58bn in April.  The Central Bank of Nigeria disclosed this in its April monthly report on foreign exchange flows through the economy.  It stated that, “The economy recorded a lower net foreign exchange inflow of $2.63bn, from $3.53bn in the preceding month. Aggregate foreign exchange inflow into the economy fell by 17.3 per cent to $6.58bn in April 2022, compared with $7.95bn in March………..Read More
With 17.92% Contribution to GDP, ICT Has Consistently Enhanced National Growth, Says Pantami – Thisday
The Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami has applauded the consistent growth in ICT contributions to the nation’s Gross Domestic Product (GDP), which hit 17.92  per cent in the last quarter of 2020, and in the first quarter of 2021, and continued on an impressive trajectory.  The Minister gave the figures recently, during the opening of the International Telecommunication Union (ITU’s) Foreign, Commonwealth and Development Office (FCDO) roundtable, and technical workshop on Building Capabilities for Sustainable and Inclusive Digital Transformation in Nigeria…………Read More
H1 2022: 8 Banks Generate N234.97bn from Account Maintenance, Other Commissions – Punch
A total of eight Deposit Money Banks (DMBs) generated N234.97billion for maintaining customers’ accounts, Electronic-banking commission, and credit-related fees, among other commissions in the first half (H1) of 2022.  This represents an increase of 14.7 per cent from N204.84 billion fee and commission income generated by these eight DMBs in H1 2021………….Read More
OML 128: Shell, ExxonMobil end lawsuits against NNPC – Vanguard
Four major international oil companies operating in Nigeria are to withdraw their multi-billion dollar lawsuits against the Nigerian National Petroleum Company Limited following the recent agreements reached with NNPC for deep-water oil production in Nigeria.  Shell Plc, ExxonMobil Corporation Chevron Corporation and Equinor ASA disclosed this in letters to two New York federal judges on August 22, 2022, Bloomberg reported on Wednesday…………..Read More
NLC Seeks Downward Review of Media Operating Licence – Thisday
The Nigeria Labour Congress (NLC) has urged the federal government to urgently review downwards the operating licences of media organisations in the country in response to the prevailing harsh economic condition.  The Nigerian Broadcasting Commission (NBC) recently notified the management of 52 electronic media organisations in the country of its decision to withdraw the licences of 52 media houses for their inability to pay for their license renewal…….…..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!