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Business News Brief – August 14, 2015



Shareholders approve CCNN’s N439m dividend
Shareholders of the Cement Company of Northern Nigeria Plc on Thursday approved the payment of a total dividend of N439.8m for the 2014 financial year..[Read More…]

DMO sells N80bn debt at mixed yields
The Debt Management office sold a total of N80.20bn ($403m) in bonds maturing in February 2020 and August 2034 at an auction on Wednesday with mixed yields, the DMO said onThursday..[Read More…]

Deportation: Nigerian loses $100m suit against United Airlines-
A Federal High Court in Lagos has struck out a suit filed by humanrights lawyer, Femi Falana (SAN), to challenge the alleged unlawful deportation and inhuman treatment of a Nigerian, Jacob Ajomale, by officials of the United States of America in 2010. .[Read More…]

Lagos to pay 658 retirees N2.2bn
The Lagos State Government says about 658 retirees will be paid N2.2bn in the 18th edition of the Retirement Benefit Bond Certificate presentation ceremony..[Read More…]


Buhari Sacks NPA MD, Ado Bayero, Reinstates Abdullahi
President Muhammadu Buhari has terminated the appointment of the Managing Director of the Nigerian Ports Authority (NPA), Alhaji Sanusi Ado Bayero, who was appointed by former President Goodluck Jonathan in the twilight of his administration..[Read More…]

Zenith Bank Records N22bn Income, Declares Interim Dividend
Zenith Bank Plc has reported a growth of 24 per cent in gross earnings for the half year ended June 30, 2015. The  audited half-year results released on the floor of the Nigerian Stock Exchange (NSE) showed that gross earnings rose  from N184.4 billion in June 2014 to N229.08billion..[Read More…]

Nigeria Customs Seizes N197m Contraband in One Month
The onslaught against smugglers by the Nigeria Customs Service (NCS) has yielded more results as its Federal Operations Unit (FOU) Zone “C” Owerri has confiscated contraband worth N197 million in one month..[Read More…]

NPA Gets Marching Order to Pay Dockworkers
The federal government has issued ultimatum to the management of Nigerian Ports Authority (NPA) to pay all the outstanding salaries and allowances of dockworkers in the country..[Read More…]

Investors Justify Siting of $1.5bn Dockyard in Lagos
The investors in the $1.5 billion dockyard have given reasons why they earmarked on the project in the ancient town of Badagry, Lagos.Describing it as 100 per cent investment by the Badagry Ship Repair and Maritime Engineering Company (BSMEC), the investors said a lot factors were put into consideration in sitting the multi-billion naira project in the former slaveport..[Read More…]

NRC Begins Test Running of Train Control Signal System
The Nigeria Railway Corporation (NRC) has started test running of its modern railway signal system known as Safe Train Control System (STC)..[Read More…]


IEA predicts sustained global crude oil glut till 2016
The International Energy Agency (IEA) has forecasted a global glut in the crude oil market between now and 2016. Besides, Nigeria’s crude oil production has dropped from the 1.871 million barrels per day(bpd) it recorded in June to 1.852 million bpd in July..[Read More…]

BoI unveils 10% interest loan scheme for healthcare providers in Lagos
Apparently in support of universal health coverage in Nigeria, the Bank of Industry (BoI) has introduced a loan service scheme for private healthcare providers in Lagos State..[Read More…]


Budget 2015 : House to probe non-implementation of capital allocation
The House of Representatives has set up an Ad-hoc Committee to investigate what it called, the “non-implementation of Capital budget and serial violation of the Fiscal Responsibility Act.”.[Read More…]

Agric Group assists farmers with N360b
The Nigeria Agribusiness Group (NAGB) has committed N360b to assist smallholder farmers, the Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Sonny Echono, has said..[Read More…]


Nigeria, Niger in 3 million tons of transit cargo deal
Nigeria and its Nigerien counterpart have concluded plans to move three million tonnes of transit cargoes from Lagos seaports to Jibiya in Niger annually..[Read More…]


80% of imported cargoes are under-declared – NSC Boss
Between 80 to 90 per cent of imported  goods  into Nigeria are under-declared by importers, the Executive Secretary of the Nigerian Shippers Council (NSC), Barrister Hassan Bello has said..[Read More…]


European shares rally after China calms markets
European shares bounced on Thursday after a 4 percent fall this week,tracking global equities higher on efforts by China’s central bank to steady a falling yuan that has stirred markets worldwide..[Read More…]

Asia shares on track for weekly losses; crude oil slumps
Asian shares mostly fell on Friday, and were on track for a steep weekly losses in the wake of China’s surprise currency devaluation on Tuesday..[Read More…]


The Time to Sell the Dollar Is Now as Fed Gets Real on Liftoff
The U.S. currency strengthened an average of almost 9 percent during the six to nine months prior to the past three rate-rise cycles. After that, it’s been a downhill ride, with the six-month drop averaging about 6 percent..[Read More…]


fake richard mille
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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!