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

Daily Business News Brief – May 2nd, 2023

Home   /   Business News Brief   /   Daily Business News Brief – May 2nd, 2023
2
May

May 2, 2023
by
in Business News Brief
Nigeria, others may lose $10bn to political tensions – IMF – Punch
The International Monetary Fund has said Nigeria could lose an estimated $10bn of foreign direct investment and official development assistance inflows to geo-political tensions.
The IMF in its country focus on Sub-Saharan Africa, released on Monday, said the figure is about a half per cent of the nation’s annual Gross Domestic Product……. .. ………. …………. ……………..……..Read More

SEC blacklists six illegal online trading platforms – Guardian
The Securities and Exchange Commission (SEC) has blacklisted six online trading platforms in its latest crackdown on unregistered firms offering investment services in the country.
The blacklisted firms are Prime Invest and Primeinv.co, FXBoxed, New Finance LLC and New Fx Limited and Axi24. Others are Evolve Consulting LCC and Trust Fund-Mining Global Pty Limited. In a circular released yesterday, SEC stated: “The Commission’s attention has been drawn to the under-listed e-commerce companies and their websites offering online trading platforms to the investing public. ……… .. .. ….. .. ….. …….. …………….……..Read More

Subsidy Removal: FG Urged To Boost Production – Dailytrust
The federal government has been tasked to improve resource allocation, boost domestic oil production and distribution to cushion the effect of petrol subsidy removal.
A former finance minister, Dr. Kalu Idiaka Kalu, gave the charge during the flag-off of the 40th anniversary of the Institute of Directors (IoD) Nigeria.
“Sustaining meaningful market pricing for all goods and services really requires action and a better micro economy, policies in all sectors,l. ………. …………. . ….. . … …………….……..Read More

Firm assures shareholders of sustained dividend – Punch
The board of CWG has assured its shareholders of sustained dividend payment.
It gave the assurance at the firm’s annual general meeting in Lagos, after the shareholders approved a dividend per share of 4.0 kobo, and commended the board and management of CWG for improving the company’s fortunes, despite the challenges.
A statement said the audited report and accounts for the year ended December 31, 2022, showed that the CWG recorded 21.3 per cent growth in total turnover, and gross profit rose by 31.4 per cent over 2021. .. .,……. .. …… . ….. . … …………….……..Read More

Notore posts N4bn revenue in Q1 – Punch
Chemical and agro-allied company, Notore Chemical Industries Plc, said it recorded N4.1bn revenue in the first quarter of 2023, which ended March 31, despite gas supply shortage.
This was disclosed in the firm’s unaudited interim financial statements for the first quarter.
In a statement, the Group Managing Director/ Chief Executive Officer, Ohis Ohiwerei, said the group’s production was impacted by gas supply limitations while finance cost was affected by an increase in the foreign exchange rate and the increasing cost of funds driven by the Monetary Policy Committee rate changes.,…. .,……. .. …… . ….. . … …………….……..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!