NIGERIA NEWSPAPERS: TODAY'S THE BUSINESSDAY NEWSPAPER HEADLINES [17 JANUARY, 2018]


Below are the headlines found on The Businessday Online Newspaper for today, Wednesday, 17 January, 2018.

Wed, 17 Jan 2018
Nigeria's stock market has witnessed an impressive N2.2trillion gain this year but risks to the rally could appear as the nation nears the 2019 elections. 'The downside risks to current market trend relates to election year,' Oscar Onyema, Chief Executive Officer (CEO), Nigerian Stock Exchange (NSE) said in his response to questions at the 2017... View ArticleThe post Pre-election anxiety poses downside risk to N2.2trn stock market gain 


Wed, 17 Jan 2018
As things stand, the possibility of oil prices surging past $80 a barrel does not look any more like a distant possibility though it might not even need so much effort to tip down downhill. Brent crude, the benchmark for half of the world's oil, traded at an average price of $54.75 a barrel in... View ArticleThe post Four reasons crude prices could reach $80 this year appeared first on BusinessDay : News you can trust. 

Wed, 17 Jan 2018
Despite Nigeria's economy getting an impetus from rebound in oil price and stable foreign exchange policy, analysts predict that the country's susceptibility to political risks could undermine portfolio inflows. The elections in Nigeria will be watched by investors and market watchers as President Muhammadu Buhari goes for a second term despite complaints that an improvement... View ArticleThe post Political risk may hurt portfolio inflows as election looms appeared first on BusinessDa 

Wed, 17 Jan 2018
Arevised guideline that will probably set the stage for take-off of micro insurance business in Nigeria has been released by the National Insurance Commission (NAICOM). This is setting us approved minimum capital requirement for licensing of microinsurer. Micro insurance is the big deal being expected to deepen penetration of insurance in Nigeria, by reaching the... View ArticleThe post New guideline streamlines capital requirement for microinsurance business appeared first on BusinessDay : News 

Wed, 17 Jan 2018
Real Estate developers who are able to push their developments 70-89 percent towards completion can now have rest of mind as TrustBond Mortgage Bank has come up with completion finance services which it offers such developers. TrustBond is one of Nigeria's leading primary mortgage banks operating with national licence. It is a major shareholder in... View ArticleThe post Developers gain as TrustBond Mortgage offers completion finance services appeared first on BusinessDay : News you can tru 

Wed, 17 Jan 2018
The National Insurance Commission (NAICOM) has reiterated its plan to further grow the Nigerian insurance industry by 2020. The Deputy Commissioner, Technical, NAICOM, Mr. Sunday Thomas said that the Commission was working to ensure the success of its major priorities for 2017 to 2020. Thomas therefore reiterated NAICOM's desire to collaborate with state governments to... View ArticleThe post NAICOM reaffirms commitment to 2020 growth plan appeared first on BusinessDay : News you can trust. 

Wed, 17 Jan 2018
The Bankers' Committee at its retreat of July 14, 2012 approved the adoption of the Nigeria sustainable banking principles by banks and other financial institutions. This was in furtherance of the Committee's commitment to deliver positive development impacts to society while protecting the community and government in which financial institutions and their clients operate. Following... View ArticleThe post Moving beyond traditional banking to supporting sustainability initiatives appea 

Wed, 17 Jan 2018
Analysts in the financial services sectoron Tuesdayadvised the Federal Government to position itself against any impending crisis in the financial market as Nigeria's economic agents remain upbeat. This is as Laoye Jaiyeola, chief executive officer; The Nigerian Economic Summit Group (NESG)on Tuesdayplaced seven topical issues in the country on a watch list. These... View ArticleThe post Analysts warn of impending bubble as economic agents remain upbeat appeared first on BusinessDay : New 

Wed, 17 Jan 2018
The National Pension Commission's (PenCom's) plan to expand Nigeria's Contributory Pension Scheme (CPS) to the informal sector through micro pensions, is one initiative that will bring major turnaround for the industry. With over 80 percent of Nigeria's labour force being in the informal sector and barely 13 percent of the population captured under the CPS,... View ArticleThe post Micro pension in Ghana, lessons for Nigeria appeared first on BusinessDay : News you can trust. 

Wed, 17 Jan 2018
Nigerias federal government, has so far raised a total of N1.254 trillion from domestic market to partly fund the N7.44 trillion 2017 budget, the Debt Management Office (DMO) has said. The money was raised through the issuance of Federal Government of Nigeria Bonds, Treasury Bills, as well as Sukuk Bonds. The DMO stated that this... View ArticleThe post DMO raises N1.254 trillion from domestic market appeared first on BusinessDay : News you can trust. 

Wed, 17 Jan 2018
The Nigerian Council of Registered Insurance Brokers has commenced discussions with the leadership of Lagos Chamber of Commerce and Industry (LCCI) and Nigerian-German Business Association (NGBA) on the possibilities of leveraging on the membership of both institutions to further deepen insurance penetration in Nigeria. The proposed partnership will encourage members of the two trade bodies... View ArticleThe post NCRIB forges partnerships to deepen insurance penetration appeared first on Busine 

Wed, 17 Jan 2018
Turkish Airlines has maximized the wealth of its owners as the number of passengers increased by 9.3 percent and the flag carrier carried 68.6 million passengers. This compared to the previous year when the load factor reached 79.1 percent as it was up 4.7 points. The flag carrier has reached highest December load factor... View ArticleThe post Turkish Airlines reached the highest load factor in December with 79.7% appeared first on BusinessDay : News you can trust. 

Wed, 17 Jan 2018
The House of Representativeson Tuesdayunveiled plans to investigate the fresh financial scandal on the sum of $44 million allegedly carted away from National Intelligence Agency (NIA) vault in Abuja. According to Diri Douye, sponsor of the motion, the financial scandal came barely two weeks after Rufai Abubakar, the newly appointed NIA Director General assumed office.... View ArticleThe post Reps probe $44m NIA fresh scandal appeared first on BusinessDay : News you can trust. 

Wed, 17 Jan 2018
The Standards Organisation of Nigeria (SON) and the National Agency for Food, Drugs Administration and Control (NAFDAC) have assured Nigerians that they are determined to eliminate fake and substandard products from the country. They also express commitment to intensify intra-agency collaborations towards ridding the country of fake and sub-standard products. Osita Aboloma, director-general of SON,... View ArticleThe post SON, NAFDAC assure markets of aggressive fight against fake products appea 

Wed, 17 Jan 2018
ALAT, the digital bank powered by Wema Bank has been named the 'Best Mobile Banking App' and 'Best Digital Bank for 2017' in this year's World Finance Digital Banking Awards. The World Finance Digital Banking Awards celebrate organizations that lead the way with digitalization while meeting consumer demands and militating against accompanying risks along the... View ArticleThe post ALAT by Wema is Africa's best digital bank appeared first on BusinessDay : News you c 

Wed, 17 Jan 2018
The recent past has seen significant changes in the economic and political environment, particularly in which High Net-worth Individuals (HNIs) and their professional advisors operate in relation to information exchange in tax matters. Panama's recent leak of confidential documents revealed how the wealthy and powerful in today's world use tax havens to get around the... View ArticleThe post Focus shifts to taxing HNIs following Panama leaks appeared first on BusinessDay : News you can 

Wed, 17 Jan 2018
New Zealand Government's recent release of an explanatory memorandum on the technical provisions to counter base erosion and profit shifting in the taxation (Neutralising Base Erosion and Profit Shifting) Bill holds lessons for Nigeria. The memorandum explains that the proposed measures in the Bill aim to prevent multinationals from using: artificially high interest rates on... View ArticleThe post Transfer pricing bill in New Zealand holds lessons for Nigeria appeared first on BusinessDay 
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