+234 (1) 453 9639 | 0803 374 0045 | customerservice@globalviewng.com

BUSINESS NEWS BRIEF – NOVEMBER 03, 2015

3
Nov

 

PUNCH

N1.04tn fine: Jo’burg Exchange suspends MTN shares • Presidency, NCC may reduce fine
South Africa’s bourse briefly suspended trading in the shares of the MTN Group on Monday, after the stock fell as much as eight per cent as Africa’s largest mobile telecoms operator battles to reduce a $5.2bn (N1.04tn) fine it faces in Nigeria. [Read More…]

CBN to raise N123bn via treasury bills
The Central Bank of Nigeria is to raise N122.95bn ($617.90m) via treasury bills with tenors ranging from three months to one year on Wednesday, documents from the bank have revealed. [Read More…]

THISDAY

NNPC: New Lifting Terms Will Abolish Hawking of Crude Oil
The Nigerian National Petroleum Corporation (NNPC) has said that the new measures it put in place to select  new off-takers of Nigeria’s crude oil grades will eliminate ‘hawking’ of Nigeria’s crude oil at the international markets. [Read More…]

Fitch: No Change in Standard Bank’s Support for Stanbic IBTC over FRCN Sanction
Fitch Ratings believes that the recent alleged irregularities raised by the Financial Reporting Council (FRC) into Stanbic IBTC Holdings Plc’s  financial reporting for 2013 and 2014, have not affected the propensity of its South African majority shareholder – Standard Bank Group Limited (SBG), to its subsidiary  if required. [Read More…]

DAILY SUN

N29bn debt threatens Egbin power plant
Two years after it took over the assets of the unbundled Power Holding Company of Nigeria (PHCN), the new owners of Egbin Power Plc have said that its operations is being threatened by about N29 billion debt. [Read More…]

Non-oil export revenue plunges to $391m
The Nigeria Export Promotion Council (NEPC) has painted a gloomy picture of the revenue accruable from the non-oil sector, with the earning dropping from $652 million to $391 million within the last four months of 2015. [Read More…]

GUARDIAN

NNPC records N336.83b deficit, as subsidy, crude theft increase
BESIDE recording operational loss of N120 billion in August and September, the Nigerian National Petroleum Corporation (NNPC) suffered a N336.83 billion deficit in September in its domestic operations. [Read More…]

VANGUARD

Non-oil export earnings drop by N52.2bn in Q2
THE Nigerian Export Promotion Council has said that the country’s earnings from non-oil exports dropped by N52.2billion ($261million) in the second quarter of this year. [Read More…]

REUTERS

Asia shares aim to break losing streak
Asian share markets crept ahead on Tuesday after the benchmark for U.S tech stocks hit its highest in 15 years, while a holiday in Japan kept currencies tethered within recent tight ranges. [Read More…]

BLOOMBERG

Quick Yuan Slide After IMF Is Conspiracy Theory, JPMorgan Says
China’s central bank will keep the yuan stable even after the International Monetary Fund decides on whether to include it in its basket of reserve currencies, according to JPMorgan Chase & Co. [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!