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BUSINESS NEWS BRIEF – Wednesday, March 09, 2016




Nigeria’s GDP Slows to 2.11% in Fourth Quarter as Oil Sector Contracts
Nigeria’s real Gross Domestic Product (GDP) growth rate declined to 2.11 per cent in the fourth quarter of last year compared to 2.84 per cent in the third quarter, according to the National Bureau of Statistics (NBS).[Read More…]

FG, States Mull Retreat on Alternative to Naira Devaluation
The federal government and 36 states governors are considering organising a retreat to consider alternatives to the devaluation of naira which the presidency and the Central Bank of Nigeria (CBN) have completely rejected.[Read More…]

NAICOM Issues Operational Licence to Stanbic IBTC Insurance Brokers
The National Insurance Commission (NAICOM), has granted operational licence to the Stanbic IBTC Insurance Brokers to commence insurance services in Nigeria.[Read More…]

President Approves NNPC’s Restructuring into Seven Units, 20 Companies
President Muhammadu Buhari has approved the restructuring of the Nigerian National Petroleum Corporation (NNPC) into seven new divisions, Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, announced on Tuesday at a press briefing in Abuja.[Read More…]

Offices of the Nigerian National Petroleum Corporation (NNPC) have been shut nationwide, according to an online news portal, The Cable.[Read More…]

Dangote Group Controls 43% of Nigerian Stock Market
Africa’s richest man and President, Dangote Group, Alhaji Aliko Dangote, controls 43 per cent of the Nigerian stock market, THISDAY checks revealed on Monday. Dangote, Mike Adenuga Jr, Femi Otedola, Folorunsho Alakija, and Abdulsamad Rabiu recently made the list of Forbes 2016 world’s billionaires.[Read More…]

FBNQuest Launches Equity, Eurobond Funds
In a bid to proactively address the need for credible alternatives to invest local and dollar-denominated funds, the Asset Management business of FBNQuest (a part of the FBN Holdings Group), has launched two new mutual funds – the FBN Nigeria Smart Beta Equity Fund and the FBN Nigeria Eurobond (USD) Fund.[Read More…]


Nigeria records 21.6% foreign portfolio deficit amidst forex strain
Foreign portfolio investments (FPI) in Nigeria have continued to dwindle as latest investment report indicates that Nigeria recorded about 21.6 per cent foreign portfolio investment deficit in January 2016.[Read More…]


FG plans 50,000-hectare grazing reserve in 6 months
The Minister of Agriculture, Chief Audu Ogbeh, yesterday said in order to stop the perennial conflicts between herders and farmers, the federal government had decided to grass-up 50,000 hectares of land in the next six months across the northern belt.[Read More…]

…Reps oppose unbundling of NNPC
The House of Representatives yesterday opposed the unbundling of the Nigerian National Petroleum Corporation (NNPC) describing it as unconstitutional.[Read More…]

FG, Switzerland agree on repatriation of $321m Abacha loot
The Federal Government and the Swiss Government have signed an agreement that would facilitate the repatriation of the N63.9 billion ($321 million dollars) looted funds stashed in Swiss banks.[Read More…]


JAIZ Bank Concludes Plan To Open 10 Branches By Year End
Jaiz Bank Plc, the pioneer non-Interest (Islamic) bank in Nigeria, has concluded plans to go national, its management has said.[Read More…]

Ireland Returns 5 Containers Of Beans Exported From Nigeria
Five containers of beans exported from Nigeria to the Republic of Ireland have been rejected and returned by the importers after the products were received with heaps of weeviles.[Read More…]


China anxiety hits stocks, oil still shaky
Sharp losses in Chinese stocks pulled Asian equities further away from two-month highs on Wednesday as weak trade figures from the world’s second-biggest economy and wobbly oil prices revived concerns about global growth.[Read More…]


Norway Wealth Fund Gains $39 Billion in 2015 as Stocks Recover
Norway’s sovereign wealth fund, the world’s biggest, gained 334 billion kroner ($39 billion) last year after a bet on stocks paid off thanks to a year-end equity rally.[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!