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BUSINESS NEWS BRIEF – OCTOBER 22, 2015

22
Oct

 

PUNCH

Nigeria plans $25bn fund to stave off recession
The country plans to create a $25bn fund with public and private financing to modernise infrastructure and avoid a recession, Vice President Yemi Osinbajo has said.[Read More…]

Bond yields rise as liquidity thins
The nation’s overnight lending rates and yields on long-term bonds rose on Wednesday after commercial lenders pre-funded their accounts with the Central Bank of Nigeria for currency purchases, soaking up system liquidity, traders said.[Read More…]

THISDAY

Heritage Bank Approves N200m Facility for Graduate Entrepreneurs
Heritage Bank Limited has put together N200million loan facility for young graduates willing to advance their dreams in small scale businesses. The Bank also gave a cash prize to Miss Onwura Onyinye Chima for outstanding performance during the service year that won her the Lagos State NYSC Director’s Award.[Read More…]

OPEC, Non-OPEC Producers Ignore Talks on Crude Output Cuts
Both members and non-members of the Organisation of Petroleum Exporting Countries (OPEC) could not hold talks on possible cuts in crude oil production at a meeting held yesterday to address the decline in crude oil prices.[Read More…]

THE NATION

CBN urges Nigerians to access N220b MSMEs fund
Investors within the micro to medium categories have been urged to take advantage of the N220 billion facility set aside by  the Central Bank of Nigeria (CBN) for the development of Micro Small and Medium Enterprises (MSMEs).[Read More…]

GUARDIAN

Delta Oil to take over Mart Resources
LAGOS-based Delta Oil Nigeria B.V has concluded plans to acquire the shares of Mart Resources Inc., under an ‘arrangement agreement’ sealed by the two companies recently.[Read More…]

LEADERSHIP

Oando Promotes Rail Products’ Distribution, Invests $1bn For Expansion
Indigenous oil firm, Oando Marketing has commenced significant downstream expansion exercise that would help in facilitating petroleum products reception and distribution across the country.[Read More…]

REUTERS

Oil prices move higher on weaker dollar, hold above three-week low
Oil prices edged up in Asian trade on Thursday, gaining support from a weaker dollar to hold above a three-week low hit in the previous session after a bigger-than-expected build in U.S. crude stocks added to concerns of a global oil glut.[Read More…]

China says outflows normal, no panic capital flight
Recent outflows of money from China are “normal” and not a sign of panic capital flight, a senior official at the foreign exchange regulator said on Thursday, downplaying fears over growing outflows as the economy slows.[Read More…]

BLOOMBERG

China Said to Weigh Pledge for Opening Capital Account by 2020
China’s leadership is considering a pledge to liberalize the nation’s capital account by 2020, further freeing the flow of money across its borders, according to a person familiar with the discussions.[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!