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

Daily Business News Brief – May 17th, 2023

17
May

Bargain hunting lifts equity market by N102bn – Punch
Bargain hunting activities on the Nigerian Exchange Limited drove up the market capitalisation by N102bn to close at N28.542tn at the end of trading on Tuesday.
The All-Share Index of the local bourse which had opened on a positive note this week, gained 0.36 per cent or 188.04 base points to close at 52419.33 points at the close of trading.
The year-to-date returns also appreciated to 2.28 per cent from 1.88 per cent recorded last Friday…..,…. ……… .. .. ….. .. ….. …….. …………….……..Read More

Weakened naira pushing up Nigeria’s public debt – IMF – Punch
The International Monetary Fund has said that weaker currencies in Nigeria and other Sub-Saharan African countries are pushing up public debts.
This was disclosed in a blog post published on the IMF’s website on Monday. 
The fund noted that with an average depreciation of nine per cent since January 2022, sub-Saharan African currencies have weakened against the US dollar……….. ………. …………. . ….. . … …………….……..Read More

Airtel Africa’s profit dips in Q1 – The Nation
Despite a growth in revenue, Airtel Africa has reported a five per cent dip in profit for the first quarter (Q1) of the year.
It blamed the challenging operating environment and worries about currency devaluation for the profit dip, according to a financial statement published on the Nigerian Exchange Group (NGX).
Airtel’s profit after tax (PAT) for the period under review dropped by 0.6per cent to $750million, compared to $755million during the same period last year. Conversely, the telco’s revenue grew by 11.5% to $5.25m in Q1 2023, compared to $4.71m in the same period in 2022… …. .. .. .,……. .. …… . ….. . … …………….……..Read More

FCMB grows customers to 11.4 million – Punch
FCMB Group Plc has said it 500,000 new customers which pushed its customer base to 11.4 million in the first quarter of 2023.
This growth, it said, reflected the Group’s commitment to delivering exceptional financial services and its ability to attract and retain a large and loyal customer base.
In a statement, it disclosed this in a statement on its financial results for the first quarter of 2023. The results showed the continued success of its digital banking initiatives across various business segments… .., … .. .,……. .. …… . ….. . … …………….……..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!