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BUSINESS NEWS BRIEF – NOVEMBER 02, 2015

2
Nov

 

PUNCH

CBN adjusts exchange rate peg again
The Central Bank of Nigeria weakened its exchange rate peg to N197 against the dollar on the interbank market on Friday, down from N196.97, Reuters reported quoting foreign exchange dealers.[Read More…]

Stanbic, First Bank, UBA shed N90.6bn after sanctions
Stanbic IBTC Holdings Plc, FBN Holdings Plc and United Bank of Africa Plc lost a total of N90.647bn of their market capitalisation last week after news emerged on Monday that they had been sanctioned by the regulators of the financial market.[Read More…]

THISDAY

NNPC’s Proceeds from Sale of Petroleum Products Drop by N5.53bn in Sept.
The Nigerian National Petroleum Corporation (NNPC) at the weekend announced a drop in its proceeds from the sale of downstream petroleum products by N5.53 billion for the month of September, 2015.[Read More…]

CBN Lists Benefits of IFRS
The Deputy Governor (Economic Policy), Central Bank of Nigeria (CBN), Dr. Sarah Alade, has highlighted the benefits of adopting the International Financial Reporting Standards (IFRS) to the banking sector as well as the economy.[Read More…]

DAILY SUN

N1.4trn NCC fine: MTN pleads to stagger payment
MOBILE Telecommunica­tion Network (MTN) has fi­nally agreed to pay the $5.2 billion (N1.4 trillion) fine slammed on it by pleading with Nigerian Communica­tions Commission (NCC) to stagger the payment.[Read More…]

World Bank grant: C’River, farmers bicker over $26.34m
FARMERS in Cross River State are at log­gerheads with the state government over delay in the release of the 26.34 million US dollars World Bank grant.[Read More…]

GUARDIAN

NERC approves new rules to generate 2,000mw from renewable sources
THE Nigerian Electricity Regulatory Commission (NERC) has approved a new regulation, which hopes to stimulate investment in renewable energy sources and generate at least 2000mw by the year 2020.[Read More…]

VANGUARD

Nigeria, Paris Club deal in significant reversal, as debt grows 200%
As the presidency gets ready to emplace the federal cabinet to face the daunting economic challenges figures from the Debt Management Office, DMO, of the federation has indicated a massive reversal of debt relief obtained nine years ago.[Read More…] 

LEADERSHIP

NNPC Bids’ Process Reassures Investors
The much yearned after transparency and accountability in the management of Nigeria’s crude by the Nigerian National Petroleum Corporation (NNPC) is finally becoming a reality going by how contracts are now publicly and competitively handled.[Read More…]

REUTERS

Asian shares slide as soft China surveys, U.S. data sap risk appetite
Asian stocks slid to their lowest level in nearly three weeks on Monday, as profit taking set in after soft Chinese factory surveys and U.S. consumer spending data raised concerns over the global economic outlook.[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!