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

Daily Business News Brief – June 4th, 2024

4
Jun

Stock Market Drops by N102.55bn Amid Ongoing Nationwide Strike – Thisday
The Nigerian stock market depreciated by N102.55 billion as investors marked  FBN Holdings (FBNH) Plc and 16 others for profit-t-taking amid the ongoing nationwide strike imposed by the organized labour unions.
As Nigerian unions began an indefinite strike, Nigerian Exchange Limited (NGX), financial institutions , schools and public offices were also closed in Lagos………………………………………………………………………………………………………………………………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Stanbic IBTC named fastest-growing Nigerian brand – Punch
Stanbic IBTC Holdings has been recognised as the fastest-growing brand in Nigeria by Brand Finance, a London-based brand valuation consultancy.
The annual report, which covered March 2023 to March 2024, highlighted Stanbic IBTC’s brand value growth using market and income valuation approaches..  . ….. ………………………………………………………………… ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Flour Mills revenue hits N2.3tn – Punch
Flour Mills of Nigeria Plc, a food and agro-allied company, reported a 49 per cent increase in revenue to N2.3tn for the year ending March 31, 2024, compared to N1.5tn in the previous year.
This was indicated in its audited financial statements filed with the Nigerian Exchange Limited on Monday. …………………….. . … .. .,…. .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
FBN Holdings revenue surges by 181%  – Punch
 
FBN Holdings’ gross earnings ballooned by 181.4 per cent to N730.3bn in the first quarter of 2024 from N259.5bn in the corresponding period of last year, its unaudited financial statement has shown.
According to a statement from the financial group, the growth in its revenue was driven by a 153.3 per cent rise in interest income to N455bn in Q1 2024 from N179.6bn in Q1 2023…….. …. . …… .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
FCMB approves N150 billion fund-raising plan – Guardian
Founder of the Dangote Group and Africa’s richest person, Alhaji Aliko Dangote, has disclosed that by the end of 2024 he expects the total revenue from his businesses to hit over a staggering $30 billion.
Speaking in an interview on CNN, the billionaire businessman stated that the projection will catapult the Dangote Group into the elite group of the biggest 120 companies in the world… .. … , . …… .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Dangote Eyes $30 Billion in Total Revenue from His Businesses by End of 2024 – Thisday
Nigeria’s foremost power generation solutions provider, Geregu Power Plc and Siemens Energy have signed a Memorandum of Understanding (MoU) to jointly develop solutions for capacity expansion at the Geregu 1 power plant.
A statement from the Nigerian firm stated that this is towards ensuring sustainable, resilient and efficient power generation, whilst safeguarding the longevity of assets, all aimed at supporting the growth and sustainability of the Nigeria Electricity Supply Industry (NESI)……..,.. , . …… .  . … ………. …………………..,……………………………………………….. …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..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!