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Business News Brief – August 04, 2015

4
Aug

VANGUARD

Buhari orders reduction of recurrent expenditure in 2016 budget

President Muhammadu Buhari has asked the National Planning Commission (NPC) to alter the present economic planning that reproduce a framework that will reduce recurrent expenditure and prioritize developmental projects in 2016 budget.[Read More…]

THISDAY

NAPTIN, 10 Others to Benefit from €24.5m NESP Fund

As part of its intention to boost investments in renewable energy, energy efficiency and rural electrification in Nigeria, the Nigerian Energy Support Programme (NESP) and Renewable Energy and Energy Efficiency Programme (REEP) have entered into a skilled training partnership with 11 training institutions in Nigeria’s power sector.[Read More…]

Lagos Assembly Limits Council Spending to N59.28bn

The Lagos State House of Assembly at the weekend limited the 2015 appropriation for the 20 Local Government Areas and 37 Local Council Development Areas (LCDAs) in the state to N59.287 billion in the fiscal year.[Read More…]

Crude Prices Fall to Six Months Low on Record OPEC Output

The price of crude oil monday hit a six-month low as the Organisation of Petroleum Exporting Countries (OPEC) pumped at record levels in July, thus creating oversupply, while data from China fuelled concerns about slower growth by the world’s second largest oil consumer.[Read More…]

Chevron’s Q2 Net Income Drops to $571m

The plummeting crude oil prices has taken its toll on the operation of Chevron Corporation as the company’s second quarter 2015 net income dropped to $571 million from the $5.7 billion recorded in the second quarter of 2014.[Read More…]

DAILY TRUST

FG grants 12 additional auto assembly plants licences

The Federal Government through the National Automotive Design and Development Council (NADDC) has awarded licences for the establishment of 12 new vehicle assembly plants in the country.[Read More…]

PTDF to establish renewable energy centre in Kaduna

The Petroleum Technology Development Fund (PTDF) has revealed plans to establish a National Coordination Centre for Research and Development on biofuels and other alternative energy sources to be located at the National Institute of Petroleum Policy and Strategy (NIPPS), Kaduna.[Read More…]

BOI disburses N490bn to companies

The Bank of Industry (BOI) yesterday said it has disbursed about N490billion to companies in various sectors of the nation’s economy in recent years.[Read More…]

BUSINESSDAY

CBN’s N213bn power fund to be disbursed in 3 weeks

The Central Bank is working with the Nigeria Electricity Regulatory Commission (NERC) to ensure the full disbursement in three weeks, of the more than N200 billion power support fund meant to resolve a pile of legacy debts and empower generating and distribution firms to produce and wheel more electricity to businesses and homes in the country.[Read More…]

LEADERSHIP

NCAA To Publish Names Of Errant Airlines

The Nigerian Civil Aviation Authority (NCAA), in a statement signed by its spokesman, Mr Fan Ndubuoke, has given a 14-day ultimatum to airlines who failed to remit their ticket sales charge (TSC) and cargo sales charges (CSC).[Read More…]

Osinbajo Commissions Dangote Cement Plant In Zambia

Vice President Yemi Osinbajo, who is in Zambia on a one-day official visit, is expected to commission a 1.5 million tonnes Dangote Cement Plant and 30 megawatts (mw) coal-fired power plant in Ndola today.[Read More…]

PUNCH

Emeka Offor, Abike Dabiri’s firms, others owe banks N143.81bn

Nigerian Deposit Money Banks on Monday continued with the policy of naming and shaming their delinquent debtors with further publication of the names of firms and their directors whose loans have become non-performing for more than one year.[Read More…]
http://www.punchng.com/news/emeka-offor-abike-dabiris-firms-others-owe-banks-n143-81bn/

THE GUARDIAN

10 more banks to publish list of debtors

There is more to be revealed with 10 more banks set to obey the Central Bank of Nigeria (CBN) directive that mandated them to publish the list of their chronic debtors.[Read More…]

REUTERS

Asian shares shake off losses, oil firms

Asian shares extended gains on Tuesday, shrugging off downbeat economic data overnight that had pressured Wall Street, focusing instead on a key U.S. jobs report that could give valuable pointers to the timing of the Federal Reserve’s planned interest rate increase.[Read More…]

European shares rise, shrugging off slump in Greek market

European shares rose on Monday, shrugging off a slump for the Greek stock market when it reopened after a five-week shutdown, as strong results from Heineken and banks supported the broader market.[Read More…]

BLOOMBERG

China Dethroned as World’s Most Liquid Stock Market After Curbs

China has lost its title as the world’s most liquid stock market as trading halts and regulatory efforts to curb bearish transactions drive away investors.[Read More…]

China Stocks Rise as Brokerages Ban Short Selling to Stem Losses

The Shanghai Composite Index rose 3.7 percent to 3,756.55 at the close, snapping a three-day, 4.4 percent slump. China Southern Airlines Co. and China Eastern Airlines Corp. jumped by the 10 percent daily limit as oil prices held near a six-month low. Turnover in the index slumped 36 percent below the 30-day average.[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!