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BUSINESS NEWS BRIEF – DECEMBER 30, 2015

30
Dec

PUNCH

Nigeria, others need to boost refining capacity – OPEC
The Organisation of Petroleum Exporting Countries has highlighted the need for more refining facilities in Nigeria and other African countries to meet their growing demand for petroleum products.[Read More…]

Reduce $38 oil benchmark, TUC tells FG
The Trade Union Congress of Nigeria, Rivers State Council, has highlighted the need for the Federal Government to review downward the $38 per barrel proposed as the benchmark crude oil price for the 2016 budget.[Read More…]

THISDAY

FG Approves New Petrol Prices: NNPC to Sell at N86/litre, Marketers N86.50k
The federal government, through the Petroleum Products Pricing Regulatory Agency (PPPRA), on Tuesday approved new pump prices of petrol starting from January 1 to March 31, 2016 under a revised pricing template.[Read More…]

LEADERSHIP

SEC, NSE To Begin Direct Payment For Sale Of Shares
As part of the ongoing initiatives to protect investors and eliminate fraudulent activities in the Nigerian Capital Market, the Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) have approved the take-off of direct cash settlement of securities system for payment of sale proceeds into an investor’s nominated bank account.[Read More…]

GUARDIAN

NSCDC destroy 200 illegal refineries, prosecutes 120 suspects
COMMANDANT-General of Nigerian Security and Civil Defence Corps (NSCDC), Abdullahi Gana Muhammadu, has said that as at December 2015, the corps destroyed over 200 illegal refineries in Rivers, Delta, Bayelsa, Edo, Kogi, Ondo, Cross River and Akwa Ibom states with over 120 suspects involved in the act of vandalism prosecuted and sentenced to various prison terms by courts.[Read More…]

DAILY SUN

N1.04tr fine: NCC challenges court jurisdiction in MTN suit
The Nigerian Communications Commission (NCC) has challenged the competence of the suit filed by MTN Nigeria Communications‎ Limited, asking that the suit be dismissed.[Read More…]

THE NATION

Fed Govt insists MTN must pay N780b fine tomorrow
Despite a suit in court, the Federal Government yesterday insisted that mobile giant MTN must pay the N780billion fine imposed on it by the Nigerian Communications Commission (NCC) latest tomorrow.[Read More…]

Nigeria cashew exports worth N49.7b
Nigeria  cashew exports are  worth $250 million (about N49.7 billion) yearly, according to the National  Cashew Association of Nigeria (NCAN).[Read More…]

BLOOMBERG

Emerging-Market Sentiment Turns More Bearish on Oil, Fed’s Path
Sentiment for emerging-market assets is turning more bearish with oil below $40 a barrel and ahead of further U.S. interest-rate increases.[Read More…]

China Said to Suspend Foreign Banks’ Cross-Border Yuan Business
China has suspended at least two foreign banks from conducting some cross-border yuan business until late March, according to people with direct knowledge of the matter.[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!