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BUSINESS NEWS BRIEF – OCTOBER 30, 2015

30
Oct

 

PUNCH

TSA: First Bank pays N1.877bn fine to CBN
FBN Holdings Plc, the parent company of First Bank of Nigeria Limited, on Thursday confirmed to the Securities and Exchange Commission that it had paid the sum of N1.877bn as fine to the Central Bank of Nigeria for violating the Federal Government’s Treasury Single Account policy.[Read More…]

THISDAY

MTN gets Nov. 16 deadline to pay N1.04tn fine
Nigerian Communications Commission has given a November 16 deadline for MTN Nigeria to pay a N1.04tn ($5.2bn) fine for failing to disconnect unregistered SIM cards.[Read More…]

THE NATION

India offers N2.25tr credit to Nigeria, 53 African nations
INDIA’S Prime Minister Narendra Modi yesterday said his country would give N2.25 trillion ($10 billion) concessional lines of credit to Nigeria and 53 African nations in five years to boost their economy.[Read More…]

Dwindling revenue: CBN, fiscal authorities restrategise for economic stability
Faced with persistent fall in crude oil prices, Nigeria’s main foreign exchange earner, the Central Bank of Nigeria , CBN, and the fiscal authorities are now meeting to restrategise on how to stave the nation’s economy away from a looming recession.[Read More…]

LEADERSHIP

Why FG Is Opposed To Naira Devaluation – Osinbajo
Devaluation of the Naira is not an appropriate option in the current economic realities in the country, and offers no solutions as far as the Buhari administration is concerned, vice president, Prof Yemi Osinbajo, said yesterday.[Read More…]

Oando Energy Grows Revenue By $355.2m In 9 Months
Oando Energy Resources (OER) a company focused on oil and gas exploration and production in Nigeria has released its financial and operating results for the three and nine months ended September 30, 2015.[Read More…]

DAILY TIMES

How Nigeria, Africa Can Benefit From Partnerships, By Buhari
President Muhammadu Buhari declared on Thursday in New Delhi, India, that Nigeria and other African countries must work harder to achieve greater political stability and security before they can enjoy the full benefits of partnership arrangements such as the India-Africa Forum.[Read More…]

REUTERS

Asian shares edge up, Nikkei gyrates as BOJ holds steady
Asian shares edged up on Friday, on track for their biggest monthly rise since January 2012 but headed for weekly losses as investors fretted about the possibility United States interest rates could still rise this year.[Read More…]

China to allow all couples two children to counter aging population
China will ease family planning restrictions to allow all couples to have two children after decades of a strict one-child policy, the ruling Communist Party said on Thursday, a move aimed at alleviating demographic strains on the economy.[Read More…]

BLOOMBERG

Goldman Says Dollar May Rise to Parity With Euro by Year End
Goldman Sachs Group Inc. sees its long-standing call for the dollar to reach parity with the euro coming true as soon as December as the Federal Reserve and European Central Bank move toward divergent monetary-policy actions.[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!