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BUSINESS NEWS BRIEF – SEPTEMBER 29, 2015

29
Sep

 

BUSSINESSDAY

SWF to get $1bn fresh capital in new FG plan
The Federal Government is proposing to raise Nigeria’s Sovereign Wealth Fund (SWF) to $4.5 billion by 2018, erasing earlier fears that the Fund may not receive additional capital, at least in the near term, due to low oil prices.[Read More…]

PUNCH

FG to increase Excess Crude Account to $3.95bn
The Federal Government, in a bid to attain robust external reserves, is planning to increase the amount in the Excess Crude Account from the current balance of $2.25bn to $3.95bn next year.[Read More…]

Govt approved 35 firms to assemble cars – NAC
The Director-General of the National Automotive Council, Mr. Aminu Jalal has said that 35 companies have been licensed by the Federal Ministry of Finance to assemble automobiles in Nigeria.[Read More…]

SEC directs registrars to use e-dividend portal
The Securities and Exchange Commission has directed all registrars to commence the use of the e-Dividend Mandate Management System Portal, which it launched in July this year.[Read More…]

Nigerian Breweries establishes N100bn commercial paper programme
Nigerian Breweries Plc has established a N100bn commercial paper programme as part of efforts to diversify its funding sources and optimise funding costs.[Read More…]

Nigeria, other oil producers face 2.25% loss – IMF
Energy-exporting countries, including Nigeria, could see about 2.25 per cent loss in economic growth annually from 2015 to 2017, compared to 2012 to 2014, due to the sharp decline in oil prices over the past year, according to the 2015 World Economic Outlook by the International Monetary Fund.[Read More…]

THE NATION

New electricity tariff becomes effective in October
The Nigeria Electricity Regulatory Commission (NERC) is targeting 100 per cent revenue collection when the new tariff is effected in October.[Read More…]

VANGUARD

Fitch: Nigerian banks’ foreign currency liquidity still tight
Fitch Ratings has declared that reducing reserve requirements to 25 per cent will not add liquidity to the Nigerian banking system because the reduction will not lead to additional Foreign Currency (FC).[Read More…]

REUTERS

Commodity rout hits traders, emerging markets
Shares in commodity trading firms took another tumble on Tuesday, driving global stocks to their lowest in more than two years as pressure built on raw materials prices and emerging markets.[Read More…]

BLOOMBERG

Qatar Planning $35 Billion of U.S. Investments to Diversify
Qatar plans to invest $35 billion in the U.S. over the next five years as it seeks to diversify assets.[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!