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BUSINESS NEWS BRIEF – Tuesday, March 22nd, 2016



NASS Debates, Passes 2016 Budget Today
After bouts of buckpassing on alleged errors in the 2016 budget estimates, the Senate is set to pass its version of the Appropriations Bill, before proceeding on its Easter recess.[Read More…]


NBS: Unemployment Rate Rises to 10.4% in Fourth Quarter
The unemployment rate in the country has climbed to 10.4 per cent in the fourth quarter of last year (Q4 2015) compared to 9.9 per cent in the previous quarter, the National Bureau of Statistics (NBS) stated monday.[Read More…]

Emefiele: CBN’s Power Intervention Fund Contributes 1,274MW of Electricity
Despite the poor electricity generation in the country, the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has said that projects funded by the apex bank’s intervention fund in the power sector added a generating capacity of 1,274 megawatts of electricity to the national grid in 2015.[Read More…]

Private Companies to Add 1.4mbpd Refining Capacity
The Department of Petroleum Resources (DPR) has said that licensed private refineries in the country have proposed combined refining capacity of 1,429,000 barrels of crude oil per day, stressing that it has not withdrawn the license of any private refinery in the country.[Read More…]

States to Enjoy 13% Derivation from Solid Minerals
The Minister of Solid Minerals, Dr. Kayode Fayemi has said that solid minerals-producing states would enjoy 13 per cent derivation as crude oil-producing states as part of the efforts to encourage the development of solid minerals in the country.[Read More…]


Sterling Bank’s Profit Rises By 14.3%
Sterling Bank Plc has said, its profit after tax went up by 14.3 per cent for the financial year ended December 31, 2015.[Read More…]

Nigeria To Undergo Second Round Anti-Money Laundering Assessment
The Inter-Government Action Group against Laundering in West Africa (GIABA) has said that Nigeria will need to attain high level of compliance with international best practices on Anti-Money Laundering and Terrorist Financing in other to scale through on the Financial Action Task Force (FATF) second round of mutual evaluations.[Read More…]


NNPC failed to remit N4.9tr to Federation Account, says Fiscal Commission
Amid the denial by the Nigerian National Petroleum Corporation (NNPC) of the allegation by the Auditor- General of the Federation ( AuGF), Mr. Samuel Ukura, that it didn’t remit into the Federation Account N3.25 trillion crude oil minerals revenue, the Revenue Mobilisation, Allocation and Fiscal Commission ( RMFAC) has said the amount quoted by the AuGF was under-reported.[Read More…]


Germany begins construction of mini grids to electrify rural areas in five Nigerian states
Consciously observant of Nigerian challenges in terms of energy generation and distribution over the years, especially in the rural areas.[Read More…]


Domestic operators to spend N560b on aircraft year, maintenance abroad
Domestics operations will spend over N560 billion  on aircraft maintenance this year, investigations have revealed.[Read More…]


Asian shares wobble as Fed rate talk revives
Asian stocks seesawed on Tuesday as hawkish comments from U.S. Federal Reserve officials clouded the monetary policy outlook less than a week after Fed Chair Janet Yellen had set out a more cautious path to interest rate increases this year.[Read More…]


Dollar Weakens Amid Skepticism of Fed Rate Increase in April
A gauge of the dollar dropped, halting a two-day advance, as comments by Federal Reserve officials suggesting the central bank may raise interest rates as soon as next month failed to boost the U.S. currency’s appeal.[Read More…]

Oil Trades Near $41 as OPEC Sees Moderate Gains Amid Output Drop
Oil traded near $41 as OPEC said prices will rebound to a “moderate” level even if Iran doesn’t join other producers in freezing output.[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!