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BUSINESS NEWS BRIEF – 29TH FEBRUARY 2016

29
Feb

THISDAY

N330bn in Treasury Bills to Mature This Week
Treasury bills valued at N329.9 billion are expected to mature this Wednesday. This however is expected to be offset by an auction of same amount.[Read More…]

Zenith Bank Takes Lead in Forex Allocation from CBN
Bank returns on the utilisation of foreign exchange bought by commercial banks from the Central Bank of Nigeria (CBN) last week have shown that Zenith Bank Plc with $23,006,130.65 reported the highest amount of forex purchased for its customers.[Read More…]

Customs Agents Get Two Weeks’ Ultimatum to Register with CRFFN
Due to the controversies rocking the Maritime sector over who will register freight forwarders between Nigeria Customs Service (NCS) and the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), the Minister of Transportation, Mr. Rotimi Amaechi has directed that all practitioners should go back and register with CRFFN within two weeks or lose their licences.[Read More…]

Shell, Bayelsa Seal Deal on Gas Supply for Power Generation
As oil prices in the global market continue to decline, the Bayelsa State Governor, Henry Seriake Dickson has taken proactive steps to insulate and ring-fence the gas-rich economy through partnerships in gas-based infrastructure.[Read More…]

LEADERSHIP

2016 Budget: Reps Appropriation C’ttee To Interface With Budget Office
The House of Representatives Committee on Appropriation has scheduled a meeting with the Ministry of Finance and the Budget Office of the Federation over issues related to the 2016 Budget.[Read More…]

PUNCH

Porting violation: Glo, MTN to pay N34m
The Nigerian Communications Commission has fined MTN Nigeria and Globacom Limited a total of N34m for breach of the rules and regulations guiding the Mobile Number Portability scheme.[Read More…]

VANGUARD

Terminal operators owe FG N86.2bn Ports charges, fees
Terminal operators in Nigeria are currently indebted to the Federal Government to the tune of $433.4 million, about N86.2 billion, for lease and container throughput fees as at December 2015, Financial Vanguard investigation has revealed.[Read More…]

BVN: FG eliminates 23,846 ghost workers, saves N2.3bn monthly
The Federal Government has eliminated 23, 846 ghost workers from its pay roll, thus saving about N2.293 billion monthly in what should have been paid out to non-existent workers or those who draw multiple salaries from government coffers.[Read More…]

REUTERS

Stocks soft on Fed angst, G20 fails to give shot in arm
Asian stocks retreated on Monday after a weekend meeting of G20 policymakers ended with no new coordinated action to spur global growth and as solid U.S. data revived expectation of the Federal Reserve further raising rates before year-end.[Read More…]

BLOOMBERG

China Stocks Tumble Toward 15-Month Low as Stimulus Bets Unwind
Chinese stocks sank, with the benchmark index approaching the lowest level since November 2014, as some investors were disappointed by a lack of specific measures to boost growth during the Group of 20 meetings in Shanghai.[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!