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BUSINESS NEWS BRIEF – Monday, April 25th, 2016



PH, Warri refineries now producing petrol – Kachikwu
The Minister of State for Petroleum Resources and Group Managing Director, Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, has announced that the Port Harcourt Refining Company and the Warri Refining and Petrochemical Company are now producing a combined volume of seven million litres of petrol daily.[Read More…]

CBN fines Zenith, UBA, GTBank, Sterling N3.2bn
The Central Bank of Nigeria has imposed a total fine of N3.2bn on United Bank for Africa Plc, Zenith Bank Plc, Guaranty Trust Bank Plc, and Sterling Bank Plc for committing various kinds of regulatory infractions.[Read More…]

Nigeria’ll be highest exporter of cement by 2018 – Dangote
The President, Dangote Group, Alhaji Aliko Dangote, has said that Nigeria will be the highest exporter of cement by the year 2018.Dangote stated this while receiving The Guardian Man of The Year 2015 award in Lagos.[Read More…]


FG to settle creditors for states debt after relief
Further to the states’ debt repayment deferral for the month of March that was announced last Thursday, the Federal Ministry of Finance has said that the debt repayments due to the states’ creditors will be fully paid notwithstanding the deferral.[Read More…]


Buhari: Nigeria Derived No Benefit from Naira Devaluations in the Past
For the umpteenth time, President Muhammadu Buhari has insisted that he was yet to be convinced that the vast majority of ordinary Nigerians would derive any tangible benefit from a devaluation of the Naira.[Read More…]

Bond Yields Rise on Tight Market Liquidity
Bond yields climbed by 0.6 per cent last week as the market continued to price in tighter liquidity and higher interest rate expectation into valuation.[Read More…]


Interbank rate rises as market liquidity falls to N232.9b
The overnight interbank rate rose for the second consecutive week to an average of six per cent last Friday, from 4.5 per cent, as commercial lenders’ liquidity level dropped on payment for treasury bills purchases.[Read More…]

Nigeria’s LNG market shifts to Asia, Japan leads
With the discovery of shale gas in the United States, the Nigeria Liquefied Natural Gas Limited (NLNG) has shifted focus to Asia. Japan as one of its global biggest markets, The Nation has learnt.[Read More…]


Forex: Petroleum Products, School Fees Take $20m From Reserves In 1 Week
Petroluem products and school fees accounted for over $20 million of the $45 million obtained from the Central Bank of Nigeria (CBN) by four banks last week for several purposes.[Read More…]


Asia stocks, dollar slip as markets await Fed, BOJ meetings
Asian shares and the dollar dropped on Monday as investors took profits from the currency’s recent gains ahead of central bank meetings in the United States and Japan this week.[Read More…]


China Plans $11 Billion Second Chengdu Airport to Meet Demand
China plans to spend as much as 71.9 billion yuan ($11 billion) on a second airport in the southwestern city of Chengdu to help meet growing demand for air travel in the world’s second-biggest economy.[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!