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BUSINESS NEWS BRIEF – NOVEMBER 11, 2015

11
Nov

 

THE NATION

Nigeria’s oil industry investment dips 20%
Investment in Nigeria’s oil and gas industry, which stood at $20 billion last year has dropped by 20 per cent this year over industry woes and investment environment, the President for Chevron Africa and Latin America, Mr. Ali Moshiri has said.[Read More…]

CBN gives customers BVN reprieve
Customers yesterday got a breather on the Bank Verification Number (BVN), with the Central Bank of Nigeria (CBN) directing banks to ensure their uninterrupted enrolment on the platform.[Read More…]

THIDAY

Bond Yields Fall Sharply as CBN Eases Liquidity
Yields on Nigeria’s bonds fell sharply across maturities on Tuesday as liquidity surged on the interbank money market, traders said, adding that the Central Bank of Nigeria (CBN) had loosened monetary policy to spur credit growth.[Read More…]

DAILY SUN

$5.2bn fine: S&P downgrades MTN’s rating
BARELY 24 hours after the resignation of its Group CEO, Mr. Sifiso Dabengwa, was announced, trouble appears not to have been over for MTN as its ‘BBB’ and ‘zaAA+’rating was Tuesday downgraded by the global rating agency, Standard and Poor’s (S&P), to ‘BBB-’ and ‘zaAA-’ while the company was placed on CreditWatch with negative implications.[Read More…]

GUARDIAN

We are ready for fair resolution, says Standard Bank
The Standard Bank Group, the parent company of Nigeria’s Stanbic IBTC Holdings, said it remained ever committed to doing business in Nigeria and open to a peaceful resolution of the feud with the Financial Reporting Council of Nigeria (FRC).[Read More…]

Enforcing forex rules on BDCs with BVN
The newly initiated BVN-for-foreign exchange transactions’ rule seems to be the much-needed silver bullet to enthrone a regime of sanity, transparency and compliance to rules in the Bureaux De Change segment.[Read More…]

VANGUARD

FG to use ICT for integrated e-health
THE Federal Government has said that  it is working  hard to achieve the Universal Health Care (UHC) in Nigeria by 2020 using ICT to save one Million Lives (SOMLs) in Nigeria.[Read More…]

REUTERS

Asia shares step back after mixed Chinese data
Asian stock markets pulled back slightly on Wednesday after a mixed batch of Chinese data showed growth in the world’s second-biggest economy was still in low gear.[Read More…]

BLOOMBERG

Dollar Retreats From Decade-High Peak as Aussie, Kiwi Advance
The dollar retreated after a rally that sent it to the strongest level in at least a decade, with the New Zealand and Australian dollars among the biggest gainers.[Read More…]

China Output Matches Weakest Since 2008; Retail Sales Quicken
China’s industrial output matched the weakest gain since the global credit crisis last month, while retail sales accelerated, underscoring a gradual shift in the economy toward greater reliance on consumer spending as old growth engines falter.[Read More…]

fake richard mille
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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!