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

BUSINESS NEWS BRIEF – Friday, July 1st, 2016




External reserves drop to $26.33bn
The nation’s external reserves fell marginally to $26.33bn on June 29, down 0.30 per cent from a month ago, the Central Bank of Nigeria data showed on Thursday.The foreign exchange reserves stood at $26.42bn on May 27, down by 9.2 per cent year-to-year. [Read More…]

Nigeria’s shea butter production receives EU support
Nigeria’s shea butter production has received the support of the European Union.
A statement from the Standards Organisation of Nigeria indicated that the European Union through its expert on Technical Barriers to Trade, African Caribbean and Pacific countries’ programme, had started plans to equip Nigerian women with the requisite skills and support to boost shea butter production. [Read More…]

Airfares soar by 57% over new forex policy
Foreign travels, especially for leisure during this year’s summer, may be out of the reach of many Nigerians, as the Federal Government’s newly introduced exchange rate policy has made airfares on foreign routes to go up by at least 57 per cent, according to findings by our correspondent. [Read More…]

Set up economic revival team, MAN tells FG
The Manufacturers Association of Nigeria has urged the government to set up a committee consisting of tested technocrats and stakeholders who will formulate policies and blueprints targeted at getting the economy back on track. [Read More…]

Istanbul attack: FAAN tightens security at Nigerian airports
The Federal Airports Authority of Nigeria has increased security levels and alertness at airports across the country in reaction to Tuesday night’s attack at the Atatürk Airport in Istanbul, Turkey. [Read More…]


FG Urged to Create Special FX Window for Manufacturers
Despite the appreciable progress recorded in the foreign exchange market since the Central Bank of Nigeria (CBN) announced its new foreign exchange policy, manufacturers in the country have decried their inability to get the greenback to import raw materials for production. [Read More…]


Oil price drops as Nigeria’s output rises
Oil prices dropped more than three per cent yesterday due to return of Nigerian and Canadian crude output from outages and as traders booked profits at the end of the best quarter in seven years. [Read More…]

FIRS shuts Atlas Petroleum over $1.5m tax debt
An enforcement team of the Federal Inland Revenue Service (FIRS), yesterday shut the headquarters of Atlas Petroleum International Limited over the firm’s tax liabilities totaling $1,5million. [Read More…]


AFC Leads $425m Petroleum Loan Facility For New Age Ltd
Africa Finance Corporation (AFC) is acting as lead arranger for about $425 million senior mezzanine facility for New Age (African Global Energy) Limited, a privately held oil and gas exploration, development, and production company with assets primarily across Africa, to enable the company to further develop its existing assets and expand operations. [Read More…]

Fortis Microfinance Bank’s Total Assets Grow To N19.94bn
Fortis Microfinance Bank Plc has grown its total assets by 20 per cent to N19.94 billion for the financial year ended December 31, 3015 against N16.59billion the previous year. [Read More…]

Transcorp Hilton Abuja Begins $100m Renovation Project
Transcorp Hilton Abuja yesterday said it has commenced a major renovation that will upgrade the five-Star Transcorp Hilton Abuja guest experience in every aspect. [Read More…]


Government requires $10 billion for gas industrial park
The Federal Government has said that there are $10 billion investment opportunities for the Nigeria Gas Revaluation Industrial Park. [Read More…]

CBN votes N2.5b for NYSC entrepreneurs
Members of the National Youth Service Corps with good entrepreneurial skills can now access N2.5 billion loans provided by the Central Bank of Nigeria (CBN). [Read More…]


Fortis disbursed N16.5bn to small businesses in 4 yrs
Fortis Microfinance Bank Plc disbursed over N16.5 billion to Micro, Small and Medium Enterprises (MSMEs) operating in Abuja in four years.
This was contained in the bank’s 2015 annual report unveiled at its third general meeting held in Abuja yesterday. [Read More…]


Asia stocks up as risk appetite recovers, pound under fresh pressure
Asian stocks rose on Friday and European markets were expected to follow as investors continued to recover from last week’s Brexit shock, but the pound came under fresh pressure after the Bank of England’s governor hinted at an interest rate cut ahead. [Read More…]


Stocks Extend Rebound on Stimulus Optimism; Bonds, Silver Gain
Faith in central banks set the tone in markets, with European equities rebounding for a fourth day and bonds rallying. Silver led precious metals higher, while the yen strengthened. [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!