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BUSINESS NEWS BRIEF – JANUARY 12, 2015

12
Jan

PUNCH

CBN stops forex sale to BDCs, naira sinks to 285/dollar
The Central Bank of Nigeria on Monday stopped the sale of foreign exchange to all the 2,786 licensed Bureau De Change Operators across the country.​[Read More…]

Govt to enforce agreements with power firms
The Federal Government on Monday commenced moves to enforce all contractual agreements in the Nigerian electricity supply industry on operators in the sector.​[Read More…]

VANGUARD

CBN assures Dangote of Forex to finance $14bn refinery
The Central Bank of Nigeria (CBN) has given assurance to Dangote Group that it will support it access Foreign Exchange, Forex to build its proposed $14 billion refinery in the country.[Read More…]

DISCOs, GENCOs revenue shortfall now N478bn
Revenue shortfall by generating and distribution companies, also known as GENCOs and DISCOs has risen to N478 billion since November 2013, when the defunct Power Holding Company of Nigeria, PHCN assets were unbundled and handed over to private investors.​[Read More…]

DAILY SUN

Unclaimed N90bn: SEC commences e-dividend campaign
In a bid to further enlighten investors on its recently launched e-dividend platform, the Securities and Exchange Commission (SEC) has embarked on a   four-day robust enlightenment programme expected to cover all states of the federation.[Read More…]

Exchange rate pressure, fuel scarcity may raise December inflation figures
December inflation is expected to soar higher than previous months as to nudge consumer price index higher with spike in exchange rates and food prices.​[Read More…]

LEADERSHIP

Nigeria Plans Raising N390bn Through Bonds In Q1
The Debt Management Office (DMO) has rolled out plans to rise between N350 billion and N260 billion through bonds in the first three months of the year.​[Read More…]

THE NATION

Nigeria loses N78b yearly to cyber crimes
Nigeria loses about N78 billion yearly to cyber crimes, the Minister of Communications, Adebayo Shittu, has said.​[Read More…]

Good policies will empower airlines’ growth
THE President of the Nigerian Aviation Safety Initiative (NASI), Captain Dung Pam, has urged the Federal Government to initiate policies to facilitate the emergence of strong indigenous carriers.​[Read More…]

REUTERS

China seeks to stabilize yuan, stocks still fragile
China set another firm fix for its currency on Tuesday and stepped up a verbal campaign, backed by what dealers said was aggressive buying, to convince sceptical investors that they were in control of events.​[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!