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BUSINESS NEWS BRIEF – OCTOBER 27, 2015

27
Oct

 

PROSHARE

OANDO FYE 14 Q1 15 H1 15 Conference Call Presentation The key take
Apart from the global price volatility in the oil industry, which has strong potential to negatively impact the earning capacity of the firm, we observed that huge provisions for impairment of assets, increase in operating & administrative expenses and depreciation of assets contributed to the unimpressive performance posted by Oando Plc.[Read More…]

Stanbic IBTC has met the disclosure requirements of the international financial reporting 
Our attention has been drawn to the media statements by the Financial Reporting Council of Nigeria (FRCN) in which several inaccurate and unseemly allegations were made against Stanbic IBTC Holdings PLC (“Stanbic IBTC”). Although the matter is in court, we are constrained to respond to certain aspects of the report for the benefit of our stakeholders and the general public.[Read More…]

THISDAY

NERC to Apply Principles of Prudence, Affordability in Tariff Review
Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi has said the commission would apply the principles of prudence and affordability in the current upward review of electricity tariffs in the country.[Read More…]

VANGUARD

No further devaluation of Naira, CBN replies Sanusi
THE Central Bank of Nigeria (CBN) has dismissed the call for further devaluation by the Emir of Kano, and immediate past Governor of the bank, Mallam Muhammad Sanusi II, saying there would be no further devaluation of the naira.[Read More…]

LEADERSHIP

E-payment: CBN Blocks Plan To Create TSA Payment Gateways
The Central Bank of Nigeria (CBN) has told Interswitch, Nigeria Inter-Bank Settlement System (NIBSS), eTranzact and other payment processors in the country that the apex bank would not replicate the Treasury Single Account (TSA) payment gateway powered by Remita.[Read More…]

W/Bank Reduces Oil Price Forecasts To $52/pb
The World Bank has reviewed downward its 2015 forecast for crude oil prices from $57 per barrel in its July report to $52 per barrel.[Read More…]

TRIBUNE

Oil firms get 72-hr ultimatum to shut down operations
NIGERIA’S crude oil production level may slide downwards in the next few days, except urgent steps are taken to assuage some aggrieved youths and oil bearing communities in the restive Niger Delta region.[Read More…]

REUTERS

Oil prices extend losses as glut worries persist
Oil prices fell on Tuesday, extending losses into a third week, on worries over a supply glut and with U.S. inventory data expected to show another increase in crude stocks.[Read More…]

BLOOMBERG

Emerging Stocks Drop as Chinese Stocks Retreat; Ringgit Slides
Emerging-market stock headed for the steepest drop in two weeks as Chinese shares retreated and investors weighed the timing for a U.S. interest-rate increase. Malaysia’s ringgit weakened.[Read More…]

Asia Stocks Slip From Two-Month High as Investors Await Fed, BOJ
Asian stocks fell, with the regional benchmark index retreating from its highest in two months, as energy shares led losses and investors awaited policy decisions by the Federal Reserve and the Bank of Japan later in the week.[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!