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BUSINESS NEWS BRIEF – Friday, March 11, 2016




NNPC workers suspend strike
It was with huge relief that Nigerians yesterday received news that the strike embarked upon by the Nigerian National Petroleum Corporation (NNPC) workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has been suspended.[Read More…]


Budget padding: FG moves 22 senior officers
There were strong indications on Thursday that the Federal Government had started the restructuring of the civil service.The PUNCH gathered that as part of the restructuring, 22 seniors officers had been posted out of the Ministry of Budget and Planning.[Read More…]

BoI to train 1,200 youths in business management
The Bank of Industry is set to train 1,200 young entrepreneurs nationwide in business and management skills.According to the Acting Managing Director, BoI, Mr. Waheed Olagunju, the training, tagged, “Youth Entrepreneurship Support Programme”, is another initiative of the development bank that is designed to address youth unemployment in Nigeria.[Read More…]

CBN to borrow N1.07tn via treasury bills in Q2
The Central Bank of Nigeria is planning to borrow N1.07tn via treasury bills issuance in the second quarter of 2016.The CBN said it would auction N303.77bn worth of 91-day bills, N169.98bn worth of 182-day paper and N599.63bn of one-year paper between March 17 and June 2.[Read More…]


Wapic Insurance Grows Profit After Tax by 448% to N1.3 Billion
Wapic Insurance Plc on Thursday reported a profit after tax of N1.297 billion for the year ended December 31, 2015. The performance showed an increase of 448 per cent as against N236 million posted in the 2014.[Read More…]

Concessionaire Invests $8.1bn in Seaport Facilities in 10 Years
One of the concessionaires in the nation’s seaports, Integrated Logistics Services Limited (INTELS) has made $8.1 billion investment in the nation’s seaports. The concessionaire, which is the terminal operator in Onne, Rivers Statel; Warri, Delta State and Calabar, Cross River State, took over the day-to-day running of ports following the conclusion of the concession programme during Chief Olusegun Obasanjo’s administration.[Read More…]


IHS To Acquire Rival, Helios Towers Nigeria
Pan-African mobile telecoms infrastructure group, IHS, has agreed to buy Nigerian rival, Helios Towers Nigeria (HTN), acquiring the entire issued share capital for an undisclosed sum, the company said in a statement yesterday.[Read More…]


MTN proposes N300bn for NCC fine
Mobile Telecommunication Network (MTN) has proposed to pay the federal government N300 billion for the fine slammed on it by the Nigeria Communication Commission (NCC),  a document sent to the Senate revealed yesterday.[Read More…]


Asian shares erase losses, on track for weekly gain
Asian shares rose on Friday, on track for weekly gains, shrugging off global losses logged after the European Central Bank eased aggressively but suggested it was running out of room to cut interest rates even if other stimulus options remained.[Read More…]


Yuan Erases 2016 Drop as PBOC Raises Fixing Most in Four Months
The onshore yuan erased its decline for the year after China’s central bank raised its daily reference rate by the most in four months.[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!