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

Daily Business News Brief – February 29th, 2024

29
Feb

Investors lose N1.5trn in stocks over new monetary policy – Vanguard
Investors in the Nigerian stock market lost about N1.5 trillion of their investment in the stock market following the massive adjustments in the Central Bank of Nigeria, CBN’s Monetary Policy Rate, MPR, at the Monetary Policy Committee, MPC, meeting yesterday.
Recall that the meeting raised the MPR by unprecedented 400 basis points to an equally unprecedented MPR height of 22.75 percent from 18.75 percent……………………………………………. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Less than 5% of Nigerian adults invest in stocks – SEC – Punch
The Securities and Exchange Commission has said that less than five per cent of adult Nigerians invest in the Nigerian capital market.
The Director General of SEC, Lamido Yuguda, said this on Wednesday at the inaugural Investment Forum of United Capital Asset Management in Lagos’ themed ‘Deepening Financial Inclusion Through Participation in Collective Investment Schemes: A Collaborative Approach’.. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Foreign Exchange:  Nestlé Nigeria Reports N79.47bn Loss – Thisday
Nestlé Nigeria Plc, yesterday announced N79.47 billion loss in its audited full financial year report for period ended December 31, 2023, from N48.97 billion reported in 2022.
The multinational Fast Moving Consumer Goods (FMCG) company in its result and accounts on the floor of the Nigerian Exchange Limited (NGX) also declared N104.03 billion loss before tax in 2023 from N71.11 billion in 2022 over the devaluation of the Naira that hurt its bottom line…… … ………………………………………………………………………………………….. ……. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..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!