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

Daily Business News Brief – August 31st, 2022


Profit-taking Persist as Stock Market Decline by N18bn – Thisday
Profit-taking activities continued yesterday on the stock market of the Nigerian Exchange Limited (NGX), dropping by N18 billion.  The NGX All Share Index (ASI) decreased by 34.06 basis points or 0.07 per cent to close at 49,642.69 basis points. Similarly, the market capitalisation lost N18 billion to close at N26.776 trillion. …………..Read More

Fixed Income, Currencies Markets Turnover Hits N116.21trn on Demand, Economic Activity – Thisday
Following massive demand for the greenback and increasing economic activity, turnover in the Fixed Income and Currencies (FIC) market of the FMDQ Exchange hit N116.21trillion in the first 7 months of 2022, representing a 7 per cent increase over N109.02 trillion traded in seven months of 2021. The major instruments contributing to the FIC market are:  Foreign Exchange market, Treasury Bills, Open Market Operations (OMO) and Central Bank of Nigeria (CBN) Special Bills, FGN & Other Bonds and money market………….Read More

Agusto & Co Predicts 23% Return on Equity for Nigerian Banking in 2022 – Thisday
Despite the harsh operating environment in the country, Agusto & Co has projected that commercial banks in Nigeria will grow their pre-tax return on equity (ROE) by 23 per cent at the end of 2022 financial year.  The rating agency made the prediction in its 2022 Banking Industry outlook adding that it anticipates a 16.5 per cent year-on-year (Y-o-Y) loan growth in 2022…………..Read More

Fidelity Bank Gets CBN’s Approval to Acquire Union Bank UK – Punch
Fidelity Bank Plc has announced it has commenced its proposed acquisition of Union Bank UK, as part of its expansion plans.  Fidelity Bank in a regulatory filing issued on the Nigerian Exchange Limited yesterday stated that it had entered into a binding agreement for the acquisition of 100 per cent equity stake in Union Bank United Kingdom Limited, for which the Central Bank of Nigeria has issued a letter of “No Objection”…………..Read More

Oil earnings drop by 29% to N790bn – CBN – Daily Independent
Crude oil revenue crashed by 29 per cent in the first quarter of 2022, according to statistics from the Central Bank of Nigeria.  The CBN, in its latest economic and statistical report for the first quarter of 2022, stated that earnings from crude oil dropped to N790bn from N1.1trn recorded in the previous quarter, which was from October to December 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!