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BUSINESS NEWS BRIEF – NOVEMBER 04, 2014

4
Nov

 

PUNCH

CBN at loggerheads with FRC over Stanbic IBTC
The Central Bank of Nigeria on Tuesday faulted the regulatory decisions taken by the Financial Reporting Council of Nigeria against Stanbic IBTC Holdings Plc.[Read More…]

Exchange probes Oando after record loss
The Nigerian Stock Exchange has invited Oando Plc’s audit committee and its external auditors as part of the review of the delayed filing of the audited financial statements of the firm for the year ended December 31, 2014 as well as its results for the first and second quarters of 2015.[Read More…]

THISDAY

N1.04tn Fine: MTN Apologises, Seeks Leniency
Following the N1.04 trillion fine imposed on MTN Nigeria by the telecoms industry regulator, the Nigerian Communications Commission (NCC), for violating its directive on SIM card deactivation, it appears the telecoms company is already seeking pardon.[Read More…]

FG, World Bank Launch Initiative to Boost MSMEs
The federal government, in partnership with the World Bank on Tuesday launched the Growth and Employment (GEM) Equity Window, a grant scheme to support micro, small and medium scale enterprises (MSMEs) in the country.[Read More…]

DAILY SUN

NNPC cancels 44 oil-swap deals
IN a bid to entrench transparency in the oil sector, the Nigerian National Petroleum Corporation (NNPC yesterday, scrapped the highly controversial offshore processing arrangement (OPA) in favour of direct sale-direct purchase (DSDP).[Read More…]

VANGUARD

$1bn set top box manufacturing plant coming soon in Nigeria
COMMITTED to fast track digital switchover and bridge the digital divide in the country, Media Concepts International, MCI, a Set Top Box, STB, manufacturer licenced by the National Broadcasting Commission, NBC. in partnership with South Korea, KAON will commence building of a massive N197 billion ($1bn) manufacturing plant in Abule Egba, Lagos State[Read More…]

LEADERSHIP

Over $89bn Needed To Build Ibom Deep Sea Port
Over $80 billion spread over a ten year period will be needed to build the proposed Ibom deep sea port at Ibaka in Mbo local council of Akwa Ibom.[Read More…]

THE NATION

CBN: Oil, gas sector owes 23.8% of N13.5tr bank loans
Oil and gas owes 23.8 per cent of the N13.5 trillion loans given by banks to key sectors of the economy, the Central Bank of Nigeria (CBN) has said.[Read More…]

REUTERS

Asia surges with Japan, China stocks in lead; risk appetite lifts dollar
Asian shares surged on Wednesday following gains on Wall Street, with Japanese and Chinese stocks leading the way, while investors’ stronger appetite for riskier assets pushed up U.S. debt yields.[Read More…]

WRAPUP-Despite gloom, four U.S. shale oil firms lift output views
Nov 4 A handful of U.S. shale oil producers are pushing up their production forecasts, saying efficiency gains from drilling in prime rock are helping them eke out more crude in the middle of the worst price crash in six years.[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!