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BUSINESS NEWS BRIEF – NOVEMBER 05, 2015

5
Nov

PUNCH

SEC, DMO to strengthen bond market
The Securities and Exchange Commission and the Debt Management Office have entered into a partnership to ensure that funds raised by state governments from the capital market are properly utilised.[Read More…]

Stanbic IBTC shares rise on CBN backing
The shares of Stanbic IBTC Holdings Plc rose for the first time in eight days on Wednesday, a day after the Central Bank of Nigeria defended the group against the allegations levelled against it by the Financial Reporting Council of Nigeria.[Read More…]

THISDAY

FG, AATF Inaugurate First Confined Field Trial Facility for Genetically Improved Rice Production
The federal government and the African Agricultural Technology Foundation (AATF) on Wednesday inaugurated Nigeria’s first Confined Field Trial (CFT) facility for the production of a genetically improved African rice variety known as Nitrogen-use efficient, Water-use efficient and salt-tolerant (NEWEST) aimed at addressing the country’s  food challenge.[Read More…]

CBN Initiates EPIS to Encourage Cashless Transactions
The Central Bank of Nigeria (CBN) has introduced Electronic Payment Incentive Scheme (EPIS) to encourage the use of debit cards in line with its cashless policy of the apex bank.[Read More…]

VANGUARD

Naira drops, as BVN paralyses forex market
LAGOS — Activities at the retail segment of the official foreign exchange market were grounded, yesterday, as end users avoided bureaux de change (BDCs), to avoid submitting their Biometric Verification Number (BVN) for foreign exchange transactions.[Read More…]

LEADERSHIP

DMO To Issue N50bn In 2020, 2024 Bonds
Nigeria plans to raise 50 billion naira ($250 million) worth of local currency denominated bonds maturing in February 2020 and March 2024 on Nov. 11, the Debt Management Office said on Wednesday.[Read More…]

Foreign Portfolio Investors Withdraw N40bn In Sept
The Nigerian Stock Exchange (NSE), said that foreign investors withdrew the sum of N40.07 billion from the equities market in the month of September.[Read More…]

THE NATION

Court restrains FRC from obstructing Stanbic IBTC’s operations
The Federal High Court in Lagos yesterday restrained the Financial Reporting Council (FRC) of Nigeria  from obstructing the operations of Stanbic IBTC Holdings Plc.[Read More…]

REUTERS

Dollar off highs amid caution ahead of U.S. payrolls report
The dollar edged down on Thursday on caution ahead of this week’s U.S. employment figures, pulling away from a three-month high against a basket of major currencies touched after Federal Reserve officials said a December “lift-off” in U.S. rates is possible.[Read More…]

BLOOMBERG

Toyota Motor to Buy Back Shares as Quarterly Profit Rises 13%
Toyota Motor Corp. reported profit rose 13 percent in the second quarter and announced a share buyback, as a weaker yen added to earnings momentum ahead of an overhaul of its product lineup starting with the new Prius hybrid.[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!