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

Daily Business News Brief – August 23rd, 2023

23
Aug

NGX sustains bullish trend as investors gain N158 billion – Guardian
Following gains recorded by many blue-chip stocks, the Nigerian Exchange (NGX) sustained gains, yesterday, as market capitalisation appreciated by N158 billion.
At the close of transactions, market capitalisation of listed equities increased by 0.44 per cent to close at N35.842 trillion from N35.684 trillion reported the previous day.
Also, the all-share-index also appreciated 286.26 basis points to 65488.67 points, from 65202.41 points traded on Monday……. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

Worry over manufacturing outlook as performance indicators slide – Guardian
The confidence of local manufacturers further dipped to 54.1 points in the first quarter, compared with 55.0 points recorded in the previous quarter.
The aggregate Manufacturers CEO’s Confidence Index (MCCI) of the Manufacturers Association of Nigeria (MAN) showed that all major performance indicators (MPIs) of the sector recorded unfavorable changes, including Employment Condition (Rate of Employment), which also declined from 51.3 points to 50.7 points………, . … …………….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Jaiz Bank changes board, management – Punch
Jaiz Bank has restructured its board and management as part of the implementation of its new strategy in compliance with two recent circulars from the Central Bank of Nigeria.
A statement issued by the bank said the first circular led to the resignation of two non-executive directors: the former Chairman of the Board of Directors, Umaru Mutallab and Falalu Bello from the board and the subsequent appointment of a new chairman for the board…… ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Three banks delay filing of half-year financial results – Punch
Three financial institutions have reported delays in filing their half-year financial statements with the Nigerian Exchange Limited.
As part of post-listing requirements, listed companies were mandated to file their financial results at appropriate dates and when delayed to notify the NGX of the same.
The three financial institutions who issued notices of delay consisted of United Bank for Africa Plc, Zenith Bank Plc and Stanbic IBTC Holdings Plc. …. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Neimeth appoints new MD – Punch
Neimeth International Pharmaceuticals Plc has announced the appointment of Valentine Okelu as the company’s managing director/chief executive officer.
A statement from the firm said Okelu assumed duty on August 16, 2023, after the rectification of his appointment at the company’s Annual General Meeting.
According to the statement, Okelu graduated with distinction in Pharmacy from the University of Nigeria, Nsukka and holds a Master of Pharmacy degree from the same institution.. …. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

UBA’s series on financial fitness holds tomorrow – TheNation
Another edition in the Business series workshop organised by the United Bank for Africa (UBA) Plc, holds tomorrow at the Bank’s Marine Head office, Lagos.
The workshop has as its theme: “Financial fitness: Balancing health and wealth for small business owners.’
UBA’s Head, SME Banking, Babatunde Ajayi, said with the vast experience of the panelists that would grace the event, the series will yield the intended result.. …. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Honeywell Board raises concerns over Management Account in recent meeting – Nairametrics
The Board of Directors at Honeywell Flour Mills Plc. convened on Wednesday, 16th August 2023, in Lagos to deliberate on several key matters, notably including the Company’s Audited Accounts for the fiscal year that concluded on 31st March 2023.
The agenda also encompassed discussions surrounding the Unaudited Management Accounts for the first quarter concluded on 30th June 2023.. …. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

LASACO Maintains Stable Performance Rating – Thisday
Insurance giant and leading underwriter, Lasaco Assurance PLC, has maintained the prestigious A(NG) performance rating in the latest GCR rating 
The company, which hit the “stable outlook” standard in the last performance assessment of the world-acclaimed rating agency, maintained the coveted feat through professional discipline, customer relations, prompt claims payment, and innovation… …. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Universal Insurance Unveils Mobile App for Financial Solution to Customers – Thisday
Universal Insurance Plc, said it has chosen to be at the forefront of digital innovation with the official unveiling of its Mobile App, aimed at delivering delightful and cutting edge financial solutions to its customers.
The insurer also launched Universal Insurance Network platform which gives customers the ability to get a Personal Accident Insurance Policy while earning huge incentives by sharing  referral link and bringing new members to the platform to do the same…. …. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..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!