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

Daily Business News Brief – April 5th, 2023

5
Apr

Nigerian Equities Market Attracts $19.2bn Investment in Five Years – Thisday
As foreign investors take a position in low-priced stocks, the Nigerian equities market attracted a total of $19.2 billion (N8.83 trillion) in Foreign Direct Investment between 2018 and 2022, a report by the National Bureau of Statistics (NBS).
The figure represents 31.2 per cent out of $61.46 billion total capital importation into the country in the period under review………. …………. ……………..……..Read More

UBA Wets Investors’ Appetite with Impressive Performance Across Major Indicators – Thisday
United Bank for Africa in its 2022 financial year report and accounts for period ended December 31, 2022 showed an impressive performance over the period across major indicators.
The pan-African financial institution reported significant increase in key profit & loss figures, balance sheets that eventually impacted on key financial ratios in the period under review.. .. ….. .. ….. …….. …………….……..Read More

International Breweries Improves Revenue by 20% to N218bn in 2022FY – Thisday
International Breweries Plc has recorded double-digit revenue growth to N2187 billion for the financial year ended December 31, 2022 from N182.3 billion reported in 2021 financial year.
The 20 per cent significant growth in revenue is on the backdrop of challenging macro-economic environment, driven by pricing initiatives across the portfolio, the successful launch of its “No DNA Needed,…. … .. …. ….. ,…. ………………..……..Read More

Inflation Erodes Minimum Wage By 41% In 3yrs – Report – Dailytrust
Nigeria’s spiraling inflation rate has eroded the N30,000 monthly minimum wage by more than 40 percent since 2019, a new report by Afrinvest (West Africa) Limited, a wealth advisory firm has said.
The report titled ‘The Cost of Nigeria’s Spiraling Inflation Rate on the Average. Households’ noted that for over the past two years, Nigeria’s macroeconomic fundamentals have come under significant pressure, and the elevated inflation rate has had a detrimental effect on the purchasing power of the average household…………. . ….. . … …………….……..Read More

Shareholders Vow to Protest Over Virtual Meeting by Listed Companies – Thisday
Shareholders under the aegis of the Proactive Shareholders Association of Nigeria (PROSAN) have called for an urgent review of the virtual Annual General Meeting (AGM) arrangement, insisting the current practice contradicts the Companies and Allied Matters Act (CAMA) stipulated rules and guidelines.
To avert the spread of COVID-19 virus, the recent guidelines released by the Corporate Affairs Commission (CAC) on proxy AGM stipulated that any investor who is not willing to attend the meeting could appoint a representative… .. …… . ….. . … …………….……..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!