+234 (1) 453 9639 | 0802 701 2454 | customerservice@globalviewng.com
Open an Account GTrade Login Technical Support

Daily Business News Brief- November 29th, 2022

Home   /   Daily Market Reports   /   Daily Business News Brief- November 29th, 2022
29
Nov

November 29, 2022
by
in Daily Market Reports
Stock Market Down N65bn on Profit-taking in BUA Cement, Others – Thisday
The profit-taking returned to the stock market of Nigerian Exchange Limited (NGX) after six consecutive days of an uninterrupted bullish streak as capitalisation declined by N65 billion yesterday to start trading activities this week.  Investors’ profit-taking in BUA Cement Plc that depreciated by 2.78per cent drives the stock market’s weak performance, leading to NGX All Share Index (ASI) dropping by 117.89 basis points or 0.25 per cent to close at 47,436.45 basis points from 47,554.34 basis points it opened for trading…………..Read More
Inflation: Diesel Prices Rise by 215%, Gas 70.6%,  Petrol 17% in One Year – Thisday
Nigerians continued to grapple with growing energy prices caused by the challenges in the global oil and gas industry, the Russia-Ukraine war as well as local distortions in Nigeria’s petroleum transportation and supply infrastructure in October, latest data from the National Bureau of Statistics (NBS), has shown.  According to the NBS numbers, the average retail price of Automotive Gas Oil (AGO) or diesel used by many Nigerian businesses to power their generating plants in the absence of reliable power supply in October 2022 was N801.09 per litre.……….Read More
Nestle Lose N469.73bn in Market Calue, Share Price Falls to N963.9 — NBS – Thisday
At the end of the trading session last week, Nestle Nigeria Plc share price depreciated by N469.73 billion or 38.07 per cent in its Year-till-Date (YtD) performance to close at N963.9 per share, taking its market capitalisation to N764.04billion.  The decline in Nestle Nigeria share prices can be attributed to investors’ negative sentiment which triggered sell-offs dragging the company’s value down to its 52-week low last week……….Read More
Inflation: Diesel Prices Rise by 215%, Gas 70.6%,  Petrol 17% in One Year – Thisday
Nigerians continued to grapple with growing energy prices caused by the challenges in the global oil and gas industry, the Russia-Ukraine war as well as local distortions in Nigeria’s petroleum transportation and supply infrastructure in October, latest data from the National Bureau of Statistics (NBS), has shown.  According to the NBS numbers, the average retail price of Automotive Gas Oil (AGO) or diesel used by many Nigerian businesses to power their generating plants in the absence of reliable power supply in October 2022 was N801.09 per litre………...Read More
FG borrows N24tn from CBN amid fiscal risks – Punch
LAGOS – Analysts have implored the monetary policymakers in the country to sustain its policy tightening, albeit at a slower rate, in the short term to tame inflation expectations, narrow the negative real interest rate gap and reduce external pressures in the country………….Read More
SEC cautions managers against holding client’s fund, securities – Punch
The Securities and Exchange Commission has cautioned some fund managers to desist from holding on to client’s funds and securities.  It warned that such habit would lead to dire consequences.  The Director-General, SEC, Mr Lamido Yuguda, made this known during the post capital market committee press briefing in Lagos weekend.  Yuguda noted that holding on to clients’ funds and securities is a violation of the Commission’s Consolidated Rule 95 (1-2), noting that all funds and securities of clients being managed by their firms must be vested with the custodians………….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!