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Daily Business News Brief- December 7th, 2022


Airtel Africa, Dangote Cement, 16 Others Contributed 90.4% to Market Cap in Nov- Thisday
As the Nigerian equities market maintained its positive performance in November, a total of 18 out 161 companies contributed about 90.4 per cent or N23.46 trillion out of the overall N25.959 trillion market capitalisation in the month of November 2022.  THISDAY had reported that the stock market in November appreciated by N2.08trillion following investors renewed interest in large-medium cap companies on the bourse……………..Read More
Despite Improved Earnings, Tier-1 Banks’ Market Valuation Down N315.9bn – Thisday
Despite releasing impressive corporate earnings on the Nigerian Exchange Limited (NGX), the market valuation of Tier-1 banks dropped by N315.9billion in 11 months of 2022, according to THISDAY investigation.  Stock market investors in the period placed N2.413 trillion on Nigeria’s Tier-1 capital banks ahead of 2022 full year earnings season, accounting for about 9.3per cent of the entire stock market capitalisation that closed November at N25.959 trillion..……….Read More
CBN’s cash withdrawal policy is part of a broader strategy to control forex demand – Nairametrics
Nigeria’s central bank announced on Tuesday, December 6th, 2022 that it was mandating banks to ensure that over-the-counter cash withdrawals by individuals and corporate entities do not exceed N100,000 and N500,000 respectively, per week.  The central bank also stated that the revised cash withdrawal policy was pursuant to the launch of the newly redesigned naira notes which aligns with its cash-less policy. ………...Read More
Nigeria’s oil production rises to 1.59million bpd -NNPC – Nairametrics
The Chief Upstream Investment Officer at the NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, has claimed that Nigeria’s oil production as of December 6 is 1.59 million barrels per day.  He disclosed this on Tuesday, December 6, at the ongoing 11th Practical Nigerian Content forum in Uyo, Akwa-Ibom state………….Read More
Nigeria’s import bill hits N5.66 trillion in Q3 2022; here are the top items – Nairametrics
Nigeria imported merchandise worth N5.66 trillion in the third quarter of the year, an increase of 4.2% and 6.2% compared to N5.44 trillion and N5.34 trillion recorded in Q2 2022 and Q3 2021, respectively. This is according to Nigeria’s foreign trade breakdown for Q3 2022, released by the National Bureau of Statistics (NBS) and seen by Nairametrics…………..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!