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Daily Business News Brief – December 29th, 2023

29
Dec

Bargain hunting in MTNN, 35 stocks lifts index by N402 billion – Guardian
Following bargain hunting in MTN Nigeria Communications (MTNN) Plc and 35 stocks, the equities market reversed previous session losses, as the market capitalisation surged N402 billion.
The all-share index rose by 733.94 per cent, representing a gain of 0.99 per cent, to close at 74,502.58 points.
Similarly, the overall market capitalisation value gained N402 billion to close at N40.769 trillion……………………… ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Local investors’ transactions in equities hit N2.9 trillion in one year – Guardian
As capital flight, triggered by legacy issues of foreign exchange (FX) liquidity and other macroeconomic challenges continue to take toll on foreign transactions, total domestic transactions on the bourse in 2023 hit N2.9 trillion, higher than N362.8 billion recorded by foreign transactions in the same period.
Total domestic transactions accounted for about 84 per cent of the total transactions carried out in 2022, while foreign transactions accounted for about 16 per cent of the total transactions in the same period. … …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Winners and losers from naira devaluation – Businessday
The liberalisation of the foreign exchange regime in Nigeria which led to large devaluation of the naira has had positive and negative impacts on the financial performance of companies in 2023
The biggest blow was felt by companies that have dollar-denominated loans in their capital structure, while those that have significant dollar reserves saw a boost in their earnings……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Geregu Power Plc shares soar as Institutional Investors snap up 40 million units of stock – Nairametrics
Geregu Power Plc has witnessed a robust trading period, according to its latest corporate disclosure on insider dealing.
In a display of market confidence, the company revealed a majority shareholder has completed a series of share sales totaling 40 million units in a deal worth over N14.5 billion…… . .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Airtel Africa Registers 150 Millionth Customer – Thisday
Airtel Africa has registered its 150 millionth customer, and has expressed happiness in giving millions of people access to reliable and high-quality digital and mobile money services.
Led by the purpose of transforming lives, connecting 150 million customers is a
significant milestone that underscores the company’s commitment to enriching the lives of its customers..  ….. . .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..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!