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Daily Business News Brief- September 12th, 2022


Despite Domestic, Global Challenges, 40 NGX Listed Companies Reports Record N6.78trn Revenue – Thisday
Despite domestic and global macroeconomic challenges, a total of 40 companies listed on the Nigerian Exchange Limited (NGX) announced combined revenue of N6.78 trillion in the half year ended June 30, 2022.  The combined revenue in H1 2022 is 26 per cent higher than the N5.4 trillion recorded in the same period in H1 2021……………Read More

Equities market sheds N189bn in one week – Punch
Investors lost N189bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The NGX All-Share Index and market capitalisation of equities listed on the NGX depreciated by 0.7 per cent to close at 49,695.12 and N26.805tn last week.  All other indices finished lower with the exception of NGX Insurance, NGX MERI Value, and NGX Consumer Goods Indices which appreciated by 1.04 per cent, 0.87 per cent and 0.72 per cent while, the NGX ASeM index closed flat………...Read More

Manufactured goods fall 36% to N2.87tn, inflation looms – Punch
The value of manufactured goods traded tumbled by 36 per cent from N4.51tn in the second quarter of 2021 to N2.87tn in the corresponding period of 2022, findings by The PUNCH have shown.  This is according to the foreign trade report by the National Bureau of Statistics for the second quarter of the year and its corresponding quarter of 2021.  Foreign trade statistics measure goods traded between an economic entity and its economic counterparts within a given period…………Read More

Nigeria’s Russian imports jump 143% despite Ukraine war – Thisday
Amid the attacks on Ukraine, Nigeria has increased its imports from Russia by 143.21 per cent, according to the foreign trade report of the National Bureau of Statistics for the second quarter of 2022.  The PUNCH observed that the total imports from Russia hit N21.84bn in Q2 2022, a massive increase from the N8.98bn in Q1 2022.  In Q1 2022, Nigeria imported N6.27bn herrings and N2.77bn blue whiting from Russia, while by Q2 2022, the country imported N13.39bn blue whitings, N7.21bn herrings, and N1.25bn malt…………..Read More

Business executive cautions govt on capital gain tax – Vanguard
The Chairman, Edgefield Capital Management Limited, Gboyega Isiaka, has advised the Federal Government to exercise caution and reconsider the reintroduction of capital gains tax to capital markets securities and instruments. A statement said he gave this advice while making his contribution to the session on Finance Act 2021: Capital gains tax, at the 26th annual conference of the Chartered Institute of Stockbrokers, in Benin City, Edo State……….…..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!