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BUSINESS NEWS BRIEF – DECEMBER 23, 2015

23
Dec

PUNCH

Marketers confirm subsidy payment, explain petrol scarcity
Oil marketers have confirmed that the Federal Government has paid them over N400bn petrol subsidy claims and also explained why the country is still experiencing fuel scarcity.[Read More…]

Govt records N103bn shortfall in revenue allocation
Statutory allocation to the three tiers of government witnessed a decline of N103.95bn in the month of November from the sum of N473.83bn distributed in October to N369.88bn.[Read More…]

GUARDIAN

Stakeholders explain anti-corruption clause for shipping contracts
THE largest international shipping association, Baltic and International Maritime Council (BIMCO), has issued explanatory notes following the publication of its Anti-Corruption Clause for Charter Parties, to provide an explanation for each of the six sub-clauses and how they are to work in practice.[Read More…]

Steel firm commences work on 400,000MT plant in LFZ
Preparatory towards the construction of its steel pipe mill, Jiangsu Yulong Steel Pipe Company has begun preliminary work on its 400,000 million metric tonnes (MT) capacity plant at Lekki Free Zone.[Read More…]

VANGUARD

MAN charges CBN to stop funding Bureaux de Change
THE Manufacturers Association of Nigeria, MAN, has charged the Central Bank of Nigeria, CBN, to stop funding the Bureau de change market.[Read More…]

THE NATION

500,000 teaching jobs on the way in N6.08tr budget
Budget 2016 (FACTS & FIGURES).[Read More…]

N1b fine: Guinness, NAFDAC begin settlement talks
An Igbosere Lagos State High Court, yesterday adjourned a suit filed by Guinness Nigeria Plc against the National Agency for Food and Drug Administration and Control (NAFDAC) till February 8, next year, to give the parties time to resolve the dispute.[Read More…]

REUTERS

Asian stocks near two-week highs, oil tries to rally
Asia shares pushed ahead on Wednesday following a rally on Wall Street, while major currencies entered a holiday lull and oil strove to sustain a modest bounce from multi-year lows.[Read More…]

BLOOMBERG

Emerging Stocks Rise to Two-Week High as Oil Lifts Energy Shares
Emerging-market stocks climbed for a third day as energy companies rallied with oil and investors grew more optimistic over the Chinese and U.S. economies. South Korea’s won strengthened to a two-week high.[Read More…]

Three More Chinese Companies Face Difficulty in Bond Repayments
Three Chinese companies have said they lack funds to repay bonds due in coming days, flagging risks defaults may spread as manufacturers grapple with a cash crunch amid a weakening economy.[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!