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

Daily Business News Brief – September 7th, 2022


Currency in circulation falls to N3.24tn – Punch
Currency in circulation fell by N107.08bn from N3.35tn in April to N3.24tn in July, latest figures on currency from the Central Bank of Nigeria has revealed.  According to the CBN, the CIC which stood at N3.33tn in May fell to N3.25tn in June.  The CBN recently warned Deposit Money Banks against accepting mutilated naira notes, explaining that they were not the real currencies in circulation………….Read More
Fuel scarcity hits Abuja as marketers shut stations – Punch
Many fillings stations were shut on Tuesday leading to lengthy queues by motorists for Premium Motor Spirit, popularly called petrol, at the few outlets that dispensed the commodity in Abuja and neighbouring states.  Petrol scarcity resumed again in the Federal Capital Territory and environs on Tuesday after about a month break, as motorists and other PMS users imagined when they would see the last of fuel queues in Abuja………..Read More
Insecurity, FX crisis cut capital inflows by 23% – Punch
Insecurity and lingering foreign exchange crisis have forced the capital importation into Nigeria to decline further by 23 per cent, findings by The PUNCH have shown  Capital Importation measures the aggregate of foreign investments into an economic entity within a given period. It is divided into portfolio investments, other investments and Foreign Direct Investments……….Read More
Banks’ Borrowing from CBN Down 47% as Analyst Predicts Continuous Decline – Thisday
Data collated from the Central Bank of Nigeria (CBN) has shown that banks borrowing from CBN in August 2022 dropped by 47 per cent Month-on-Month (MoM) to N2.4 trillion compared with N4.5 trillion in July 2022.   This is as analysts have predicted that with the recent increase in Monetary Policy Rate (MPR), banks would further down the line continue to be conservative in borrowing from CBN…………..Read More
SEC Reduces Workforce by 30%, Declares N2.5bn Surplus in H1 – Thisday
The Director General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has said the commission reduced its workforce by almost 30 per cent disclosing that at the end of the first half of 2022, it recorded a surplus of about N2.5billion.  Speaking at the 2023-2025 Medium Term Expenditure Framework/Fiscal Strategy Paper, MTEF/FSP interactive session with the House of Representatives Committee on Finance in Abuja, yesterday, Yuguda stated that 2020 and 2021 were particularly difficult times for the Commission as it was running a deficit…….…..Read More
FMDQ Exchange Admits N2.28bn Accelerex SPV Bond – Daily Independent
The FMDQ Securities Exchange Limited (FMDQ Exchange) has announced the admission for listing on its platform, the Accelerex SPV PLC N2.28 billion Series 1 Fixed Rate Bond under its N20 billion Bond Issuance Programme.   Accelerex SPV is a special purpose funding vehicle established by Global Accelerex Limited to raise capital from the debt markets through the listing of debt securities……..…..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!