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

Daily Business News Brief – March 29th, 2023


Stock Market Deprecates by N341bn Amid Investors Profit-taking – Thisday
The profit-taking continued to dominate the  stock market of the Nigerian Exchange Limited (NGX) as the capitalisation down by N341 billion amid sustained negative investors’ sentiment.
The NGX  All Share Index (ASI) decreased by 626.14 basis points or 1.16 per cent to close at 53,124.63 basis points. Consequently, the market capitalisation lost N341 billion  to close at N28.940 trillion….. …………. ……………..……..Read More

Zenith Bank grows gross earnings by 24% to N946bn – Punch
It stated that, “According to the audited financial results for the 2022 financial year presented to the Nigerian Exchange, the double-digit growth in gross earnings was driven by a 26 per cent year-on-year growth in interest income from N427.6bn to N540.2bn and a 23 per cent year-on-year growth in non-interest income from N309bn to N381bn. .”…. .. ….. …….. …………….……..Read More

CBN bars banks seeking upgrade from expansion – Punch
The Central Bank of Nigeria has barred banks and other financial institutions seeking a conversion licence from expanding or reducing their current banking network in its new draft guidelines.
The CBN discloses this in a circular tagged ‘FPR/DIR/PUB/CIR/001/072’ to banks and other financial institutions, which was titled ‘Regulatory guidelines for change of operational licence for banks and other financial institutions in Nigeria’, and dated 28 March 2023. … .. …. ….. ,…. ………………..……..Read More

Taming Inflation With Interest Rate Hike – Thisday
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) last week rose from its 290th meeting in Abuja raising benchmark interest rate by 50 basis points and leaving all other parameters unchanged in line with its tightening stance.
In an effort to curb the rising inflation, the MPC had at its previous five meetings raised the Monetary Policy Rate. The latest makes it the sixth time in a row, as the apex bank races to rein in inflation……. . ….. . … …………….……..Read More

Unilever Nigeria appoints new ED, secretary – Punch
Unilever Nigeria has appointed a new executive director and company secretary.
In a statement, it disclosed that Mrs Abidemi Ademola was appointed to the role of executive director effective from March 16, 2023.
Ademola is a legal practitioner with an experience of more than 27 years in commercial law and corporate governance practice in Nigeria and West Africa. l…… . ….. . … …………….……..Read More

companies need to list on the stock Exchange to sustain wealth-Otedola – Nairametrics
The Chairman of Geregu Power Plc, Mr. Femi Otedola has said thet for companies to sustain wealth they need to quote on the Nigerian Exchange…… . ….. . … …………….……..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!