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

Daily Business News Brief – October 31st, 2023

31
Oct

Stock market closes October trading with N536 billion gain
•As Seplat posts N478.1b revenue in nine months – Guardian
Heavy price gains recorded by many bluechip firms, largely Dangote Cement and Geregu Power Plant, ensured that the Nigerian Exchange Limited (NGX) closed the month of October 2023 in an upbeat yesterday, causing market capitalisation to soar by N536 billion.
At the close of transactions yesterday, the All-Share Index (ASI) gained 975.13 points, representing a gain of 1.45 per cent to close at 68,111.71 points. Also, market capitalisation rose by N536 billion to close at N37.421 trillion………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More

MTN, FIRS in unending legal battle over back taxes – Businessday
MTN Nigeria has said it would appeal the judgement of the Lagos State division of the Tax Appeal Tribunal (TAT) ordering it to pay the sum of $72,551,059 (N57.23 billion), in tax default to the Federal Inland Revenue Services (FIRS).
The judgement, which was delivered on October 25, 2023, covers 2007 to 2017. The tribunal, however, absolved the telecom operator from paying the sum of $21,039,807 as penalties and interest on the principal sum. …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

MTN Nigeria Communications Declares N147.36bn Profit in Nine Months- Thisday
MTN Nigeria  Communications   Plc, yesterday released its unaudited nine months result and accounts for the period ended September 30, 2023 with N147.36billion profit, a decline of 45.2 per cent from N269.04billion reported in nine months of 2022.
The telecommunication giant in its filing on the Nigerian Exchange Limited (NGX) announced N232.5billion profit before tax, a decline of 42 per cent from N400.67billion in nine months of 2022………….,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

UBA records 115% growth, as PBT rises by 263% to N502.1b – Guardian
United Bank for Africa (UBA) Plc recorded impressive growth across all key performance metrics as shown in its unaudited financial results for the third quarter ended September 30, 2023.
Replicating the performance achieved in the first two quarters of the current fiscal year, the bank’s gross earnings grew by 115.2 per cent to N1.309 trillion up from N608 billion recorded last year,  while operating income rose by 146 per cent from N414 billion in September 2022.,………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Nigerian Breweries records N402bn revenue in nine months – Punch
Nigerian Breweries Plc has released the company’s unaudited financial statement for the third quarter ended 31st September 2023, declaring revenue of N402bn for the period.
This represented two per cent increase compared to the N393bn recorded in the 2022 corresponding period..,………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More

Access Holdings’ profit rises 83% to N250bn in Q3 – Dailytrust
Access Holdings Plc has posted an 83 per cent growth in its profit after tax to N250.45 billion in unaudited results for the third quarter of 2023.
The group, in a regulatory filing to the Nigerian Exchange Limited, NGX, said it posted a 75.70 per cent year-on-year increase in gross earnings to N1.593 trillion from N906.93 billion – driven by core and non-core income lines.,………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..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!