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BUSINESS NEWS BRIEF – Friday, March 18th, 2016



National Assembly shifts budget passage to next week
In the face of growing uncertainty over the fate of the 2016 budget proposal, the National ‎Assembly has again raised a fresh hope that the appropriation bill may be passed next week.[Read More…]

Nigeria’s state oil company withheld $16b in 2014: Auditor General
Nigeria’s state oil company withheld 3.2 trillion naira ($16 billion) in revenues from the federal government in 2014, the auditor-general said on Monday, the same year that the central bank governor was suspended after making a similar assessment.[Read More…]


Oil Prices Rise by Almost 6% as Producers Agree to Cooperate
Oil prices jumped by almost six per cent on Thursday thus erasing losses of the past two days, after major producers firmed up plans to meet in Qatar to discuss an output freeze.[Read More…]

Access Bank Grows Profit by 53% to N66bn, Pays 30kobo Final Dividend
Access Bank Plc on Thursday excited the capital market community with an impressive financial performance for the year ended December 31, 2015.[Read More…]

FG Approves 27 Shipping Associations
Twenty-seven shipping associations have received approval of the federal government to operate in the country, the Executive Secretary Nigerian Shippers Council (NSC), Mr. Hassan Bello has said.[Read More…]

Emmanuel Signs N422.6bn Appropriation Bill of into Law
The Akwa Ibom State Governor, Mr. Udom Emmanuel, has signed into law the sum of N422.6 billion as the Appropriation Bill for the 2016 financial estimate of the state.[Read More…]

Dangote Partners Kaduna, Kebbi States to Bid for Peugeot Nigeria
Africa’s richest man, Alhaji Aliko Dangote, has partnered the Bank of Industry (BoI) and the Kaduna and Kebbi State Governments to acquire a majority stake in Peugeot Automobile Nigeria (PAN) Limited.[Read More…]

Vitafoam Blames Tough Operating Clime for Decline in Profit
Group Managing Director, Vitafoam Nigeria Plc, Mr. Taiwo Adeniyi, has blamed tough operating environment for the decline in the company’s profit recorded in the financial year ended December 31, 2015.[Read More…]

Emefiele Highlights Nigeria’s Huge Potential in Non-oil Sector
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has highlighted Nigeria’s strength in the non-oil sector of the economy, saying that the country has a huge potential in agriculture and solid minerals.[Read More…]


Subsidy on kerosene returns
The Federal Government on Thursday commenced the payment of subsidy on kerosene to the tune of N1.17 for every litre of the product consumed across the country, latest data from the pricing templates of the Petroleum Products Pricing Regulatory Agency has shown.[Read More…]

Kia plans 90% local content in Nigeria-assembled cars
Kia Motors Nigeria says it plans to have over 90 per cent local content utilization in its assembling process in the country.[Read More…]


LADOL to invest extra $5b in Nigeria
The Managing Director of Lagos Deep Offshore Logistics base (LADOL), Dr. Amy Jadesimi, has outlined plans to attract $5billion investments into the country in the Lagos Free Trade Zone.[Read More…]


Asia stocks, oil jump as dollar sags after Fed
Asian shares edged higher on Friday, oil touched a 2016 high and the U.S. dollar weakened as investors turned more positive on riskier assets after the Federal Reserve’s cautious stance on further interest rate increases.[Read More…]


Emerging Asia Stocks Rise With European Futures as Oil Near $40
Shares in Asia’s developing nations rallied with European stock index futures as oil traded near a three-month high and copper advanced, supported by more favorable central bank policies. A resurgent yen sent Japanese shares lower.[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!