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BUSINESS NEWS BRIEF – NOVEMBER 23, 2015

23
Nov

PUNCH

Lafarge Africa plans N59bn cement plant in North-East
The Chief Executive Officer of Lafarge Africa, Mr. Peter Hoddinnot, has said that the firm plans to invest about $300m (N59.1bn) in building a cement plant in Gombe State to serve the entire northeastern part of the country.[Read More…]

THISDAY

CBN: 39.5 Million Nigerians Are Excluded From Financial Services
The Central Bank of Nigeria (CBN) has restated that about 39.5 million Nigerians were totally excluded from the financial services system. These include insurance services, pension and banking services.[Read More…]

GUARDIAN

Sterling gets $40m lifeline from Turkey trade
STERLING Bank has secured a $40 million facility from the Turkey Export-Import Bank, as part of efforts to strengthen foothold on international trade financing and investments among individuals and institutions across the world.[Read More…]

Financial system’s liquidity averages N600b in eight weeks
A mix of reduced Cash Reserve Requirement (CRR) for banks and non-activity in the Open Market Operation (OMO) has bolstered liquidity in the system to an average of N600 billion in the last eight weeks.[Read More…]

VANGUARD

94 capital market operators risk certificate cancellation
SECURITIES and Exchange Commission, SEC, is set to withdraw the licenses of about 94 capital market operators, CMOs, operating in different categories of the market for failing to render statutory returns and complying with the new minimum capital requirement.[Read More…]

LEADERSHIP

CBN Saves $300m From Demand For BVN By Bureau-de-Change
Following the requirement of the Central Bank of Nigeria that all transactions by any Bureau De Change (BDC) in the country must be accompanied by the Bank Verification Number (BVN) of the customer, Nigeria has been able to save up to $300 million.[Read More…]

Buhari: TSA, Measure To Enthrone Financial Discipline, Curb Corruption
President Muhammadu Buhari has said that his administration decided to implement the Treasury Single Account (TSA) system so as to enthrone financial discipline and curb corruption in all its ministries, departments and agencies.[Read More…]

THE NATION

CBN: Three banks fail capital adequacy test
The Central Bank of Nigeria (CBN) has given three commercial banks until June 2016 to recapitalise after they failed to meet the minimum Capital Adequacy Ratio (CAR) of 10 per cent.[Read More…]

BLOOMBERG

Pfizer, Allergan Said to Be Close to $150 Billion Combination
Pfizer Inc. and Allergan Plc plan to announce a record merger agreement worth more than $150 billion as early as Monday, according to a person familiar with the matter, creating a drugmaking behemoth with products from Viagra to Botox and a low-cost tax base.[Read More…]

China Housing Fund Rule Change to Boost Bond Trading, Cap Yields
A plan to relax investment restrictions for China’s 4 trillion yuan ($621 billion) housing fund will boost bond trading and help cap yields, according to Guotai Junan Securities 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!