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BUSINESS NEWS BRIEF – OCTOBER 12, 2015

12
Oct

THE SUN

Nigeria, others to access $100bn World Bank loan on emission reduction
THE World Bank Group and other multilateral development finance institutions have assured the developing countries, including Nigeria, that they could access another $100 billion in carbon credit funding assistance to help them further mitigate the consequences of rising climate change in their various jurisdictions.[Read More…]

THE NATION

Africa needs N100b for infrastructure, says AfDB
Africa needs about N100 billion  yearly to address its infrastructural challenges, the President, African Development Bank  (AfDB), Dr. Akinwunmi Adesina, has said.[Read More…]

Govt earns $3.420b from oil in eight months
The Federal Government has earned $3.420billion in eight months (January-August) from sale of oil and gas, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, has said.[Read More…]

GUARDIAN

Dangote Cement stakes $600m on Tanzanian plant
With its cement plants across African countries undergoing expansion as well as the initiation of new investments in Asia, Dangote Cement Plc has unveiled plans to attain a production capacity of 81 million tonnes before 2020, as it commissions its $600 million plant in Tanzania.[Read More…]

Ecobank to increase agric sector funding
Ecobank Nigeria may have unfolded plans to step up its agriculture sector funding, which current loan portfolio stood at N84 billion.[Read More...]

VANGUARD

Treasury bill yields decline further amidst high liquidity
Increased liquidity in the money market last week has further forced down yields on government securities as Central Bank of Nigeria, CBN, steps up efforts to achieve its targeted sales for the remaining part of this year.[Read More…]

Banking sector shrinks in second quarter
Reflecting the decline in the nation’s economic activities in the second quarter, the total assets of banks fell by N186 billion while lending to the economy fell by 1.1  percent. This is in sharp contrast to development in the first quarter, when total assets grew by 4.4 per cent and lending to economy increased by 4.38 per cent.[Read More…]

REUTERS

Asian shares extend October rally; dollar slips
Asian shares rose on Monday, extending an October rally, as investors hunted for bargains in industrials and basic materials, fueled by a rebound in commodities while the dollar struggled as hopes of a Fed rate rise this year faded.[Read More…]

Oil prices rise on lower U.S. rig count; China data eyed
Oil prices rose on Monday as the number of U.S. rigs fell for a sixth straight week, while investors waited for Chinese trade data to be published later this week for clues on demand at the world’s top energy consumer.[Read More…]

BLOOMBERG

This Analyst Says China’s Stock Rally-to-Rout Is About to Repeat
In August, Thomas Schroeder correctly predicted a rebound in Chinese stocks wouldn’t last. Now, he says, the benchmark equity gauge will plumb new lows as a bear-market rally fails.[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!