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

Daily Business News Brief – February 5th, 2024

5
Feb

Volatile Days, Mixed Outlook, Corrections Ahead As NGXASI Returns 35.28% In January – Independent
Trading activities on the Nigerian Exchange for the month of January was bullish and volatile closing higher, despite profit taking and selloffs that hit the market in the last two trading sessions of the period. 
January sustained this positive trend and patterns for five consecutive years on the back of positive sentiments and impact of inflationary pressure on asset prices in the face of mixed corporate earnings inflow and increasing global and domestic headwinds……………………………………. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Industrial Goods Index Drive Market Cap by N1.12trn WoW – Thisday
The stock market of the Nigerian Exchange Limited (NGX) gained N1.12trilliion Week-on-Week (WoW), recovering from the previous session’s profit-taking over investors demand for stocks in the industrial goods index.
Thus, the NGX All-Share Index advanced by 1.97 per cent week-on-week (WoW) to close at 104,421.23 basis points. Similarly, the market cap increased by N1.12 trillion to the week at N57.158 trillion………………,……. … …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Market Value of Seven Banks Plummet by N406.27bn on Profit-taking Activities – Thisday
After several months of massive gains, the market value of Zenith Bank Plc, Guaranty Trust Holding Company (GTCO) Plc, and five others depreciated by N406.27billion in January 2024, following profit-taking activities by investors,
The other banks are: Access Holdings Plc, United Bank for Africa Plc, Stanbic IBTC Holdings Plc, and Fidelity bank Plc……………. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
BUA Food Transforming Lives To Build More Resilient Future For Nigeria – Independent
Nigeria is facing a perfect storm of intertwined challenges from the intensifying climate impacts and growing insecurity risks to deepening conflicts and the slowest half-decade of gross domestic product growth in 30 years. 
These overlapping crises are not only a “new normal” for Nigeria, but also pose an unprecedented threat to poverty reduction and economic development, making it harder for families to put food on the table………………………………………………., ….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Guinness Nigeria Records N142.6bn Revenue In Q2 2023 – Independent
Guinness Nigeria Plc has posted N142.596 billion revenue for its second quarter (Q2), ended December 31, 2023, a growth of 20 per cent from N83.059 billion in 2022. 
The unaudited result released on the Nigerian Exchange Group (NGX) continued to show resilience in the face of a challenging macroeconomic environment, characterised by a marked decline in consumer spending due to escalating ………………………………………………., ….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Linkage Assurance Records Growth Across Market Indices in 2023 – Thisday
Underwriting firm, Linkage Assurance Plc in the financial year ended 31st December 23 recorded outstanding growth across all measurement indices, with gross premium written (GPW) rising to N16.33 billion, from N12.98 billion in 2022, indicating a 26 percent growth.
This is contained in the Company’s Unaudited Financial Statements for 2023 filed with Nigeria’s NGX Limited for shareholders and the investing public……………………………………………….., ….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Investors optimistic on Otedola’s FBN Holdings’ chairmanship – TheNation
Market value of Nigeria’s largest financial services group, FBN Holdings (FBNH) Plc, has risen by the highest daily allowable limit at the stock market  as investors reacted positively to the appointment of Lagos businessman, Mr. Femi Otedola as the Chairman of the group.
The board of FBNH had last Wednesday announced the appointment of Otedola as the successor to outgoing Chairman……………………………………………….., ….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Adewole resigns as MD of LivingTrust Mortgage Bank – Punch
Mr Adekunle Adewole has resigned as the Managing Director of LivingTrust Mortgage Bank.
His resignation was contained in a corporate notice filed with the Nigerian Exchange Limited stating that he voluntarily resigned his position, ahead of the expiration of his tenure.
Adewole became the bank MD in May 2020. During his time in office, Adewole supervised the growth in the bank’s Profit……………………………………………….., ….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..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!