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BUSINESS NEWS BRIEF – NOVEMBER 13, 2015

13
Nov

THISDAY

TSA Transfers: Central Bank Recovers N8.6bn from Owner of Remita, SystemSpecs
The Central Bank of Nigeria has recovered N8.6 billion deducted by a Lagos-based software firm, SystemSpecs, which provided the e-Payment/e-Collection solution used for the transfer of government funds from commercial banks to the treasury single account (TSA) domiciled with it, THISDAY investigations have revealed.[Read More…]

NAFDAC Fines Guinness N1bn, FRC Replies CBN
For the third time in less than a month another multinational operating in the country has been fined by a regulator over alleged infractions, signposting an era of a no-nonsense posture by regulatory agencies under the Muhammadu Buhari administration.[Read More…]

DAILY SUN

Guinness reassures consumers on quality of products
IN a reaction to an earlier report that its company was fined N1 billion over expired raw materials, Managing Director of Guinness Nigeria PLC, Mr. Peter Ndegwa has said all products from Guinness Nigeria conform to the highest standards of quality, having not only been produced in line with the globally accepted code of good manufacturing practice (GMP) but also been repeatedly so-certified by the National Agency for Food and Drugs Administration and Control (NAFDAC) and the Standards Organization of Nigeria (SON).[Read More…]

LEADERSHIP

FG Raises N70bn In Bonds At Lower Yields – DMO
The federal government issued N70 billion ($350 million) worth of naira-denominated bonds maturing in 2020 and 2024 at an auction on Wednesday, at lower yields than the returns at its previous auction, the Debt Management Office said yesterday.[Read More…]

Nigeria Attracts 760bn Private Sector Investment In 2 Years
Immediate past permanent secretary to the Ministry of Agriculture and Rural Development, Architect Sonny Echono has said Nigeria attracted over N760 billion private sector commitments in the agri business in two years.[Read More…]

THE NATION

Bol, AfDB partner to support export business
The Bank of Industry (Bol) is partnering the African Development Bank (AfDB) to assist businesses engaged in export trade.[Read More…]

REUTERS

U.S. oil falls to over two-month low on swelling inventories
U.S. crude futures extended their losses into a third session and hit a more than two-month low on Friday, dragged down by a relentless climb in oil stockpiles that has triggered a 10 percent drop in prices since the start of November.[Read More…]

Nikkei slips amid risk-off trade, gains ground for the week
Nov 13 Japanese stocks slipped on Friday, snapping a seven-day winning streak as investors shunned risk and cashed in on recent gains after a sharp drop on Wall Street and weaker commodities prices.[Read More…]

BLOOMBERG

Asian Stocks Join Selloff on Commodity Slump With Oil Below $42
As a rout in commodities deepened in Asia, stocks in the region slumped with mining and energy companies dragging Australia’s benchmark to a seven-week low and Chinese shares dropping on slowing credit growth.[Read More…]

Fed Officials Stress Gradual Rate-Rise Pace After Liftoff
Federal Reserve officials stressed that policy should be tightened gradually after interest rates are increased for the first time since 2006, in an attempt to shift investors’ focus as New York Fed President William C. Dudley said the conditions for liftoff “could soon be satisfied.”[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!