+234 (1) 453 9639 | 0802 701 2454 | customerservice@globalviewng.com

BUSINESS NEWS BRIEF – Monday, March 4th, 2016



Forte Oil to Raise N100bn Capital for Expansion
Forte Oil Plc is to raise N100 billion fresh capital  to expand its operations within Nigeria.  Consequently, the directors of the company are seeking the approval of shareholders at the forthcoming annual general meeting  to raise the funds. According to the company,  the N100 billion could be raise through a rights issue, bond or share offering, or global depository receipts.[Read More…]

Ecobank Drags Honeywell to Supreme Court
Ecobank Nigeria Limited has urged the Supreme Court to set aside a Court of Appeal verdict on its winding-up petition against Honeywell Flour Mills Plc over an alleged 3.5billion debt.[Read More…]


Customs impound N663m goods in three months
The Nigeria Customs Service,  Federal Operations Unit,  Zone ‘C’, Owerri, said  it made a total of 70 seizures with a Duty Paid Value of N663,089,296 for the months of January, February and March, 2016 as against the sum of N650,561,172 recorded for the year 2015.[Read More…]

NCC boosts Federation Account by N70bn
The Nigerian Communications Commission has boosted the Federation Account by N70bn in the last six months, its executive vice chairman, Prof. Umar Danbatta, has said.[Read More…]

Fuel scarcity likely to end in May –Marketers
Contrary to the pledge by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, that lingering fuel scarcity in the country would end on or before Thursday, April 7, marketers and depot owners said on Sunday that consumers might have to endure inadequate supply of the product till May.[Read More…]

Dollar scarcity: Firms struggle to repay foreign loans
Nigerian companies, which are exposed to foreign loans, are in for hard times due to the lingering foreign exchange crisis. ANNA OKON writes that most of them are finding it difficult to service the loans.[Read More…]

NSIA records N10.58bn growth in income
The Nigerian Sovereign Investment Authority, the agency managing the Sovereign Wealth Fund, said it recorded an increase of N10.58bn in total comprehensive income from N15.77bn in 2014 to N26.35bn in 2015.[Read More…]

FG loses 100kg of gold daily – Fayemi
About 100 kilogrammes of gold leaves the country every day without any record, Minister of Solid Minerals Development, Dr. Kayode Fayemi, has said.[Read More…]


Government rules out fuel price increase, return of subsidy
Fuel subsidy has not been re-introduced by the Federal Government, according to the Petroleum Products Pricing Regulatory Agency (PPPRA). And the government has not increased the prices of petrol. It remains at the regulated prices of N86 at Nigerian National Petroleum Corporation (NNPC) filling stations and N86.50 at order outlets.[Read More…]


Fuel crisis: IOCs agree to sell forex to oil marketers — NNPC
The Nigerian National Petroleum Corporation, NNPC, yesterday, disclosed that a number of international oil companies, IOCs, in the upstream oil and gas sector have agreed to provide foreign exchange for oil marketing companies for the importation of premium motor spirit, also known as petrol.[Read More…]

Housing finance: AfDB injects $8.2m into Shelter Afrique
Shelter Afrique has received $8.2 million injection of equity from the African Development Bank (AfDB). Shelter Afrique is a pan-African finance institution which exclusively supports the development of housing and real estate sector in the continent.[Read More…]


Banks channel forex to investors exiting equities, bond markets
Foreign investors repatriating profits and others exiting the Nigeria equities and bond markets last week triggered a rise in foreign exchange (forex) disbursement by leading banks.[Read More…]


Asian shares firm after solid U.S. jobs data, dollar soft
Asian share prices held firm on Monday after solid U.S. payroll data underpinned investor risk sentiment while last week’s dovish comments from Federal Reserve Chair Janet Yellen kept the U.S. dollar in check.[Read More…]


Europe Shares Erase Declines as Most Shares Rise; Telecoms Fall
European stocks reversed declines, trading little changed after a third weekly drop.
The Stoxx Europe 600 Index added 0.2 percent at 9:16 a.m. in London, reversing losses of as much as 0.6 percent. Almost 370 companies in the gauge advanced, while telecommunication shares fell.[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!