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

BUSINESS NEWS BRIEF – SEPTEMBER 11, 2015

11
Sep

 

PUNCH

JP Morgan: Emefiele defends CBN policies
The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has dismissed concerns about foreign exchange liquidity, despite JPMorgan’s removal of the country from its influential emerging markets bonds index amid fears about the country’s economic management.[Read More…]

NPF Microfinance Bank seeks additional capital for expansion
The Chairman, NPF Microfinance Bank Plc, Mr. Azubuko Udah, on Thursday said the bank planned to raise additional capital to strengthen and expand its operations.[Read More…]

Nigeria, others lose N6.5tn in mobile money transfer
Nigeria and other African nations have lost $33bn (N6.5tn) in mobile money remittance from international and cross border transfer, the World Bank has said.[Read More…]

NNPC lifts ban on 113 oil tankers
The Nigerian National Petroleum Corporation has lifted its ban on 113 vessels from engaging in crude oil/gas loading activities in any of the terminals within the nation’s territorial waters.[Read More…]

Contractor resumes work on Lagos-Ibadan Expressway September 30
Julius Berger Nigeria Plc says it will resume full repair work on the Lagos-Ibadan Express Way by the end of September.[Read More…]

Returns: NSE reports 100% compliance by dealing members
The Nigerian Stock Exchange has said that all dealing members submitted their returns for the period ended June 30, 2015 when due.[Read More…]

THISDAY

Fidelity Bank Appoints Two Executive Directors
The Board of Directors of Fidelity Bank Plc has announced the appointment of two new Executive Directors as part of efforts aimed at restructuring and strengthening its executive management team.[Read More…]

FG Seeks Multinational Companies’ Collaboration on Local Content Devt
The federal government has called for intervention and cooperation of multinational companies to enable Nigeria succeed in her local content development programme.[Read More…]

Nigerian Airlines Spend over N250bn Annually on Overseas Aircraft Maintenance
Commercial airlines, charter operators and privately owned jets spend about N250 billion annually on aircraft maintenance and simulator training of pilots, THISDAY investigation has revealed.[Read More…]

Abia Saves over N300m from Ghost Workers
Nearly three months after it started the process of eliminating ghost workers from its civil service, the Abia State Government said it has saved more than N300 million from the process.[Read More…]

LEADERSHIP

Only 12% Funds Allocated To Capital Projects In 2015 – Reps
The House of Representatives Ad-hoc Committee probing the non-implementation of the 2015 capital projects, yesterday made a startling revelation that only 12 per cent of the total budget was allocated to capital projects.[Read More…]

THE GUARDIAN

Oil firms to cut production spending by $100 billion
International Energy Administration (IEA) has estimated that globally, companies would cut their 2015 spending on new oil and gas production projects by more than $100 billion, a decline of over 20 per cent compared with 2014.[Read More…]

Nigeria’s daily fuel subsidy drops to N1.07 billion
The Federal Government’s daily spending on petrol subsidy may dropped from the N2.4 billion it recorded in June to N1.07 billion as at Monday this week.[Read More…]

VANGUARD

Kaduna Refinery resumes production in Dec – NNPC
The Nigerian National Petroleum Corporation, NNPC, disclosed yesterday that Kaduna Refinery will resume the production of Premium Motor Spirit, PMS (petrol), within the next three months.[Read More…]

BUSINESSDAY

Eko Disco invest N20bN, calls for stiffer penalty for vandals.
Eko Electricity Distribution Company has within the last two years, spent about N20 billion for system upgrade and network reinforcement just as it is advocating for a stiffer penalty against vandals of electricity equipment and other public facilities if such nefarious act is to be stopped in the country.[Read More…]

PREMIUM TIMES

Buhari sacks chairpersons, members of FCT boards
President Muhammadu Buhari has approved the immediate sacking of the chairmen and members of the boards of FCT Internal Revenue Service, Secondary Education and Universal Basic Education.[Read More…]

REUTERS

Asian shares get lift from Wall Street, dollar firms
Asian shares rose on Friday following gains on Wall Street, while the dollar firmed after facing pressure from a rise in the yuan, but gains were capped by uncertainty over whether the Federal Reserve will raise interest rates next week.[Read More…]

China stocks barely move in thin trading amid economic uncertainty
China stocks ended a directionless session with mixed performance, as investors awaited more signals for trying to judge the health of the country’s economy.China’s blue-chip CSI300 index fell 0.3 percent to 3,347.1878, while the Shanghai Composite Index rose 0.1 percent to 3,200.451.[Read More…]

BLOOMBERG

Fed Confronts Currency Threat That Doomed ECB, Aussie Rate Rises
The Federal Reserve’s plans to raise interest rates for the first time in almost a decade are spurring the sort of currency gains that helped force four developed central banks since 2011 to unwind their decisions to tighten policy.[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!