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

BUSINESS NEWS BRIEF – Monday, June 13th, 2016



FG generates N586.17bn from taxes in 90 days
The Federal Government generated a total sum of N586.17bn as tax revenue through the Federal Inland Revenue Service in the first quarter of this year, a document showing the fiscal position of government has shown.[Read More…]

UK approves N4.74bn for solar power in Nigeria
The United Kingdom, through its Department for International Development, has approved N4.74bn (£16.7m) for the development of electricity from solar energy in Nigeria.[Read More…]

World Bank releases $39m for Fadama projects
The World Bank says it has so far spent about N7.78bn ($39m) on the third National Fadama Development Project Additional Financing as part of efforts to support Nigeria’s agriculture and economic diversification drive of the Federal Government.[Read More…]

Deposits in banks shrink by N1.03tn
The harsh economic conditions facing the country have led to a drastic reduction in customers’ deposits in banks with the industry recording a decline of about N1.03tn in total deposit, IFEANYI ONUBA reportsThe Bankers Committee has sent a proposal to the Central Bank of Nigeria to limit across-the-counter withdrawals to N10,000, following a major drop in customers’ deposit.[Read More…]

Economic crisis: FG plans fresh bailout for state govts
A conditional budget support facility to provide financial relief to state governments is being finalised by the Federal Government, the Ministry of Finance has said.[Read More…]

Interbank rate rises as excess liquidity persists
The nation’s overnight interbank rate rose to an average of four per cent on Friday, up from three per cent the previous week, as the Central Bank of Nigeria’s attempt to mop up excess liquidity from the banking system faltered.[Read More…]

Four banks lost N17bn in three months
The slowdown in the economy, which has led to a high rate of non-performing loans in the banking system, made four banks to lose at least N17bn in profits in the first quarter of this year, results of the financial institutions posted on the website of the Nigerian Stock Exchange have shown.[Read More…]


External Reserves Rise Slightly To $26.4bn
After a long streak of depreciation, Nigeria’s external reserves last week increased slightly with the 30-day moving average rising to $26.4 billion as at Wednesday June 8, 2016, according to latest data provided by the Central Bank of Nigeria (CBN).[Read More…]

Petrol Price Adjustment To N145 Forces Sales Down 40%
The sale of petrol otherwise refer to Premium Motor Spirit (PMS) has reduced drastically by 40 per cent after the last pump increase to N145 per litre.[Read More…]


Kwara secures $56m Chinese investment for textile industry
The Kwara State Government has secured a $56m (N11.03 billion) Chinese investment for the establishment of a textile industrial park in the state.
The state governor, Alhaji Abdulfatah Ahmed, finalized the investment arrangement during his current trip to East China.[Read More…]

FG yet to settle 2,000 PHCN’s ex-workers – Union
Over 2000 disengaged workers of the defunct Power Holding Company of Nigeria (PHCN) are yet to receive their severance pay, three years after the privatization of the asset by the federal government, the President-General of Senior Staff Association of Electricity and Allied Companies (SSAEAC), Comrade Chris Okonkwo, has said.[Read More…]


PenCom establishes special unit to drive micro-pension
The National Pension Commission (PenCom) has established a special unit to coordinate micro-pension scheme in the country. This was disclosed by the Director-General (PenCom), Mrs. ChineloAnohu-Amazu, during the social media week in Lagos recently.[Read More…]

Government loses N10b daily to oil facilities’ attack
With the series of attacks carried out by the Niger Delta militants in the last few weeks, the country’s crude oil production has dropped to about 1.1million from the normal output level of 2.2 million barrels per day.[Read More…]


Fuel importation: Forex access remains huge challenge- Total
Total Nigeria Plc has stated that access to Foreign Exchange (forex) remains a huge challenge in its petroleum marketing business despite the removal of oil subsidy by the Federal Government.[Read More…]


Berger Paint Shareholders Approve N217.4m Dividend
Shareholders of Berger Paints Nigeria Plc have endorsed the directors’ proposal for the payment of a dividend of N 217. 4 million, translating into 75 kobo per share for the company’s 2015 financial year.[Read More…]


Elusive S&P record looms as investors weigh data, Fed
With the S&P 500 again coming close to a record this week before falling back, investors will turn next week to a full slate of economic data and a Federal Reserve meeting in hope of fresh reasons whether to drive stocks to new highs.[Read More…]


Asia Stocks Tumble as Brexit Concerns Spur Move to Safety Assets
Stocks sank from Japan to Hong Kong, with Asia’s benchmark index poised for its biggest decline since April, as uncertainty ahead of central bank meetings and a vote on the U.K. leaving the European Union sent investors seeking safety.[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!