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

Daily Business News Brief – April 30th, 2024

30
Apr

Dangote Sugar, CAP drag equity market to N154bn loss – Punch
Investors lost N154bn on Monday on the back of the decline suffered by Dangote Sugar, Secure Electronic Technology, CAP and 17 other stocks.
Bearish trading followed the prevailing sentiments in the market in recent times as investors’ appetites waned. 
This is despite the local bourse seeing more advancing stocks (25) than declining ones (19) at the close of trading. …………………………………………………………………. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
NGX Group to deploy technology for capital raising
• Secures N7.74 trillion new listings – Guardian
Nigerian Exchange Group Plc has announced plans to deploy a technology application that would ensure that the proposed banking recapitalisation and various capital raising exercises in the market are delivered digitally.
At the 63rd yearly general meeting of the NGX Group, held in Lagos yesterday, the Group Managing Director, Temi Popoola, said the priority of the Holdco is to ensure that the subsidiaries work in synergy and align in terms of strategy to
create value for shareholders………………………………………………………………… ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Reuters Survey: Inflation in Nigeria to Remain Stubborn Till 2025 – Thisday
Inflation in key African economies will slow into next year but remain stubbornly high in Nigeria due to sporadic flooding and difficult terrain for Nigeria’s currency, the naira, a Reuters poll has found.
The acute shortage of dollars in much of the continent including Angola, Nigeria and Zambia has often put home inflation under significant strain due to a reliance on single commodity currency inflows such as crude oil and copper… .. .,…. .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
NGX Group Shareholders Approve N10bn Capital Raising Exercise – Thisday
The shareholders of Nigerian Exchange Group Plc (NGX Group), yesterday approved the management’s decision to raise N10 billion by way of rights issue, among other key resolutions at its 63rd Annual General Meeting (AGM) in Lagos.
NGX Group, subject to regulatory approval, discussed its authorization on a rights issue to raise capital of up to N10 billion with a subjoined resolution to increase its share capital to sufficiently accommodate the rights issue….. . …… .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Transcorp hotel declares N2bn dividend at 20k per share – Dailytrust
Transcorp Hotels Plc has announced a dividend payout of N2.05 billion for the year ended December 31, 2023, at 20 kobo per ordinary share for its shareholders
The Chairman of the Board of Directors of the hotel company, Emmanuel Nnorom, stated this at the hotel’s 10th annual general meeting in Abuja on Monday.
He said, “The group recorded an impressive gross revenue of N41.5 billion, showcasing a substantial growth trajectory that outpaced the previous year’s revenue of N31.4 billion.”…, . …… .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
BREAKING: MTN Nigeria reports N575.69 pre-tax loss in first quarter of 2024 – Nairametrics
MTN Nigeria released its Q1 2024 results, showing revenue of N752.9 billion, up 32.5% compared to N568.1 billion for the same period in 2023.
However, the company reported a pre-tax loss of N575.69 billion, a sharp reversal from the N162.9 billion profit reported a year earlier.
MTN’s swing into loss was primarily driven by exchange rate depreciation, incurring a staggering N656.3 billion in foreign exchange losses.. , . …… .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..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!