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

Daily Business News Brief – August 24th, 2023

24
Aug

Stock market records marginal gain, Naira stable at 900/$ – Businessday
Nigeria’s equities investors are showing less interest in banking stocks as they continue to wait for the half-year scorecards of tier-1 lenders. The selling pressure on banking and oil & gas stocks has not allowed the market to advance remarkably lately.
For instance, at the close of trading on Wednesday, the market increased by just 0.01 percent or N2billion. The market’s year-to-date (YtD) return stood at +27.79 percent. This week, the market has risen by 1.19 percent, while this month it is up by 1.80 percent……. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

The push for dollar asset listings in Nigeria …the gains, risks – Businessday
The Nigerian Exchange Limited (NGX) recently disclosed its proposal to allow companies list bonds denominated in dollars on the bourse, potentially expanding this later to stocks too, with the aim of easing their difficulty in accessing hard currency in Africa’s biggest economy.
The bourse’s initiative is targeted at companies operating from the country’s special economic free trade zones and those earning foreign currencies, according to Temi Popoola, chief executive officer of NGX………, . … …………….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Stock exchange pushes dollar asset listings for Nigeria’s FX challenges – Vanguard
Amidst the lingering crises in Nigeria’s foreign exchange market, the Chief Executive Officer, Nigerian Exchange Limited (NGX), Temi Popoola, has stated that dollar asset listings can address the challenges.
Commending the federal government’s forex reforms in an interview with Bloomberg yesterday, Popoola noted that the Exchange features a number of companies with diverse business models, some of which not only generate revenue in dollars but also report profits in dollars…… ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Capital market operators excited as FG plans assets listing – Punch
The Ministry of Finance Incorporated’s move to leverage the capital market has been lauded by operators. They have, however, raised concerns about the lack of transparency and indiscipline in government-owned entities, Oluwakemi Abimbola reports
The need to ‘dance naked’ was a central theme of the engagements of the investment arm of the Federal Government, Ministry of Finance Incorporated, as it interacted with capital market stakeholders last week.. …. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Ikeja hotel shareholders approve N3.5bn capital raise – Punch
Shareholders of Ikeja Hotel Plc have approved the raising of additional capital via the rights issue of  1.133bn units and also issued N346m worth of bonus shares.
This was disclosed on Wednesday in a corporate filing with the Nigerian Exchange Limited as part of the special resolutions passed at the last annual general meeting of the company.
The shares of Ikeja Hotel closed trading at N3.13 on the local bourse on Wednesday. . …. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..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!