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Daily Business News Brief | Tuesday, April  26th, 2022.


No Respite as Nigeria Expends Over N758bn on Petrol Subsidy in Three Months – Thisday

By the time the Nigerian National Petroleum Company (NNPC) makes it projected N328 billion petrol subsidy deduction from the Federation Account for March this week, Nigeria will have spent N758.1 billion in the first three months of 2022   Described as unsustainable by many economic experts, the country’s subsidy regime burden borne by the three tiers of government, the federal, state and local governments, has posed a huge leak on the country’s revenues. …………………read more

MTNN, Airtel Africa PSB License Will Aid Financial Inclusion, Telecoms’ Recovery – Daily Independent

It has been observed that the approval in principle given to MTN Nigeria and Airtel Africa to operate payment settlement banks (PSB) will aid the financial inclusion drive of the Central Bank of Nigeria (CBN), and also help in the recovery of the telecommunications sector.   Analysts at Afrinvest stated this in its Nigerian Telecommunications Sector Update for 2022, titled, “A Bright Spot Amid Miry Waters”.  The CBN had in the last quarter of 2018 unveiled the operational guidelines for PSBs. …………….read more

10 Banks Interest Income Up 19.4% on High-yield Environment, Loans & Advances – Thisday

Following increased lending to corporates, individuals and high-yield environment, a total of 10 commercial banks reported a 19.4 per cent increase on interest income generated from loans & advances to customers in 2021.  …………………read more

Rising insecurity, naira’s fall worsening business environment – Daily Independent

The Director-General, Nigeria Governors’ Forum, Mr Asishana Okauru, says worsening insecurity and currency depreciation have been adversely affecting the business environment and taxable income in Nigeria.  The NGF DG, who was represented by the Senior Programme Manager, NGF/SFTAS, Mr Lanre Ajogbasile, said this during a presentation at a workshop in Abuja organised by the States’ Fiscal Transparency Accountability and Sustainability Programme Coordination Unit of the Ministry of Finance, Budget and National Planning……………….. read more

Six Years After Signing 1125mw Power Purchase Deals, 14 Firms Fail to Get Funding – Punch

Six years after the signing of Power Purchase Agreements (PPAs) with the federal government for the development of solar power projects that will add 1,125 megawatts (mw) to Nigeria’s power grid, none of the 14 Independent Power Producers (IPPs) has been able to reach financial closure, THISDAY has learnt. …………..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!