+234 (1) 453 9639 | 0803 374 0045 | customerservice@globalviewng.com

BUSINESS NEWS BRIEFS – SEPTEMBER 10, 2015

10
Sep

 

LEADERSHIP

Naira Falls By 2.79% At Forward Market
The foreign exchange market and bond yields, yesterday, reacted to the decision of JP Morgan to remove Nigeria from its Government Bond Index for Emerging Markets (GBI-EM) with the 1-year non-deliverable forwards (NDF) on naira rising by 2.79 per cent to N268.50.[Read More…]

NERC Lifts Temporal Ban On Electricity Tariff Increase
The Nigerian Electricity Regulatory Commission (NERC) has lifted the temporal ban it placed on electricity tariff increment for residential customers nine months ago.[Read More…]

PUNCH

FG announces plan for new refineries
The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Emmanuel Ibe- Kachikwu, on Wednesday said the Federal Government would consider establishing new refineries for optimal performance of the oil sector.[Read More…]

NNPC opens new oil swap contracts
The Nigerian National Petroleum Corporation may have set up four new crude oil swap contracts to replace those cancelled last month vital for bringing in about half of the country’s domestic fuel demand, industry sources have said.[Read More…]

Shareholders approve merger of Flour Mills’ subsidiaries
Shareholders of Flour Mills of Nigeria Plc on Wednesday approved the group’s plans to merge five of its subsidiaries with its holding company, FMN, under a scheme of external restructuring.[Read More…]

CMC inaugurates committee on minimum capital requirement
The Capital Market Committee has set up a market-wide implementation committee on the new minimum capital requirement for capital market operators, the Securities and Exchange Commission said.According to the commission, the committee is meant to facilitate the smooth implementation of the new minimum capital requirement for CMOs.[Read More…]

Banks yet to remit N12bn, says RMAFC
Verification of revenue collections and remittances by banks engaged by the Federal Inland Revenue Service and the Nigeria Customs Service has shown that some banks have not yet remitted over N12bn to the federation account.[Read More…]

Oil price fall stalls funding of SWF
The continued fall in the prices of crude oil globally has stalled the Federal Government’s contribution to the country’s sovereign wealth fund.[Read More…]

Stanbic IBTC to work with regulators on investigation
Stanbic IBTC Holdings Plc has said it will continue to engage relevant regulatory bodies to ensure that investigation into its operations are completed soon.[Read More…]

THISDAY

50,000 Companies to Be Struck off CAC Register
The Corporate Affairs Commission (CAC) on Wednesday said 50,000 companies would soon be delisted for failing to file their annual returns.The Registrar General of the CAC, Mr. Bello Mahmud, disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja.[Read More…]

Cement Competition Thickens as Dangote Cuts Price
Manufacturers of Cement in Nigeria may be on the brink of a fresh competition tussle, following the reported cut in the price of the essential commodity implemented by the nation’s largest producer, Dangote Group.[Read More…]

Court Cautions FG, BPE against Handover of Aba Ring Fence to APL
A Federal High Court sitting in Abuja has cautioned the federal government and the National Council on Privatisation  (NCP) against the planned handover of the contentious Aba ring-fenced territory in Abia State to Aba Power Limited (APL).[Read More…]

IBEDC Requires N10bn to Boost Steady Power Generation
Seventh months after the take-off of the transitional electricity companies in the country, the management of Ibadan Electricity Distribution Company (IBEDC) has said the company required about N10billion to purchase pre-paid meters, concrete electric poles and other equipment needed to provide steady electricity supply for its teeming customers in its areas of coverage.[Read More…]

DAILY INDEPENDENT

Delta Assembly Approves Okowa’s N30b Bailout Loan Requests
The Delta State House of Assembly, DSHA, has approved the N30 billion requested by Governor Ifeanyi Okowa to apply for Bailout Loans from the federal government through the Central Bank of Nigeria, CBN, to defray the outstanding salaries for public servants in the state and fund capital projects.[Read More…]

THE NATION

NMRC’s N1b facility deepens mortgage refinancing
Hopes of a brighter future for mortgage seekers has received a leap with the refinancing initiative of the Nigeria Mortgage Refinance Company (NMRC), which saw the Imperial Homes Mortgage Bank Limited (formerly GTHomes Limited) emerging as the first mortgage bank to be refinanced by the NMRC.[Read More…]

BUSINESSDAY

N300bn local investments earn pharmaceuticals 65% regional market
Nigerian pharmaceutical companies now share 65 percent of the West African market, having so far invested N300 billion in machinery and quality upgrade in an effort to end drug importation into the country, estimated at $700 million.[Read More…]

TATA begins vehicle assembly in Nigeria Q3 2015
Tata Motors, India’s largest commercial automobile company, has joined other Original Equipment Manufacturers (OEMs) with interest in setting up automotive assembly plant in Nigeria.[Read More…]

REUTERS

Asia stocks stumble as gloomy China, Japan data add to growth worries
Asian stocks fell on Thursday after lackluster Chinese and Japanese economic data added to heightened worries about slackening global growth, sapping investors’ appetite for riskier assets.[Read More…]

BLOOMBERG

China Opens Onshore Currency Market to Foreign Central Banks
China will open its domestic foreign-exchange market to overseas central banks, making it easier for other nations to hold yuan assets as Asia’s biggest economy pushes for the currency to win reserve status at the International Monetary Fund.[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!