NIGERIA NEWSPAPERS: TODAY'S THE BUSINESSDAY NEWSPAPER HEADLINES [10 JANUARY, 2018]


Below are the headlines found on The Businessday Online Newspaper for today, Wednesday, 10 January, 2018.

Wed, 10 Jan 2018
The adoption of the International Financial Reporting Standards (IFRS) by Nigerian Pension Fund Administrators may never come at a better time than now, experts say, as the recent bond rally helps PFAs to book some N1.1 trillion in capital gains. The one-year return on government bonds, the asset class with the most PFA exposure, was []The post Pension funds to book N1.1trn capital gains on bond rally 

Wed, 10 Jan 2018
South Africa's rand weakened earlyon Tuesdaywith the currency continuing to struggle to break through recent highs as some of the cheer over the appointment of Cyril Ramaphosa as head of the ruling party gave way to more bearish sentiment. At 0640 GMT the rand had weakened 0.16 percent to 12.4000 per dollar compared to []The post South Africas rand retreats with fundamentals back in focus appeared first on BusinessDay : News you can trust. 

Wed, 10 Jan 2018
Diamond Bank, Nigeria's fastest growing retail bank has been appointed as a forum member adviser to the World Economic Forum (WEF). The Forum aims to shape global, regional and industry agendas to deliver WEF's mission of improving the state of the world. Diamond is the first Nigerian company and only the second African company to []The post Diamond Bank appointed as forum member adviser to WEF appeared first on BusinessDay : News you can trust. 

Wed, 10 Jan 2018
Nigeria's high cost of borrowing and increasing domestic debt will remain a challenge for a long time to come, unless there is strategic effort to develop insurance and pension sectors as major providers of long term funds for economic development. Though pension has assumed a growth trajectory since the commencement of the Pension Reform Act []The post Insurance, pension long term funds will help Nigeria reduce debts appeared first on BusinessDay : News you can trust. 

Wed, 10 Jan 2018
Diamond Bank, Nigeria's fastest growing retail bank has been appointed as a forum member adviser to the World Economic Forum (WEF). The Forum aims to shape global, regional and industry agendas to deliver WEF's mission of improving the state of the world. Diamond is the first Nigerian company and only the second African company to []The post Diamond Bank appointed as forum member adviser to WEF appeared first on BusinessDay : News you can trust. 

Wed, 10 Jan 2018
In its drive to promote financial inclusion among micro savers, Solid Allianze Microfinance Bank introduced several products and engaged customers in various saving schemes last year. Akintunde Adeniyi, managing director/CEO, who spoke with BusinessDay also highlighted the impact of credit bureau in micro lending. Excerpt: Can you just tell us about the programme' We are []The post 'Credit search with credit bureaus driving quality of MFBs loans' appeared first on BusinessDay : Ne 

Wed, 10 Jan 2018
The Independent National Electoral Commission (INEC) has released the timetable and schedule of activities for the 2019 general elections and elevated political tensions could delay necessary policy adjustments and dampen investor and consumer confidence in Africa's largest economy. The electoral umpire had earlier scheduled February 16, 2019 for the Presidential and National Assembly elections and []The post Economy takes back seat as INEC releases timetable for 2019 elections appeared fir 

Wed, 10 Jan 2018
Babajide Oniwinde, former head of strategy at the National Insurance Commission (NAICOM) has emphasized the need for insurance companies in Nigeria to get international ratings. Speaking on the theme 'International Rating of insurance companies in Nigeria' said it is important for insurers to seek for independent assessment of their financial strength and claims payment capabilities []The post Expert looks at benefits of international rating for Nigerian insurance companies appeared fi 

Wed, 10 Jan 2018
The U.S. Federal Emergency Management Agency (FEMA) has increased the size of its flood reinsurance program for 2018, securing $1.46 billion of coverage for the National Flood Insurance Program (NFIP). The 2018 NFIP reinsurance program has been placed with 28 private reinsurers and will provide the NFIP with coverage across two layers of risk on []The post FEMA secures $1.46bn of flood reinsurance for 2018 appeared first on BusinessDay : News you can trust. 

Wed, 10 Jan 2018
Optimism returned to the oil and gas industry in 2017 buoyed by the success of the production cut deal orchestrated by the Organization of Petroleum Exporting Countries (OPEC) in conjunction with other key oil producers led by Russia. With oil prices at their highest level since mid-2015, the outlook looks better. Already, there is a []The post Rising confidence for oil, gas industry in 2018 appeared first on BusinessDay : News you can trust. 

Wed, 10 Jan 2018
The Naira was sold at N361.5 to the Dollar at the parallel market on Tuesday. The Pounds Sterling and the Euro were also sold N475 and N420 respectively At the Bureau De Change (BDC) window, the Naira traded at N362 to the Dollar, slightly lower than the parallel market rate, while the Pound Sterling and []The post Naira sells at N361.5 per Dollar at parallel market appeared first on BusinessDay : News you can trust. 

Wed, 10 Jan 2018
Legacy Pension Managers has strengthened its board of directors with the appointment of Ladi Balogun, as chairman and James Ilori as non-executive director. The appointment of Balogun and James Ilori to the Board of Legacy Pension Managers ('Legacy Pensions') follows the successful acquisition by FCMB Group of 60 percent of the company, raising its interest []The post Legacy Pension strengthens board with Ladi Balogun as chairman appeared first on BusinessDay : News you can trust. 

Wed, 10 Jan 2018
The Management of Nosak Group in line with her policy of honoring and appreciating deserving members of staff, recognized and rewarded one hundred and eighty members of her staff who had served meritoriously for five years and above. The event, which took place at Brava Event Centre, Ogba, Lagos had in attendance the entire staff []The post Nosak Group trains and rewards staff in long service appeared first on BusinessDay : News you can trust. 

Wed, 10 Jan 2018
The Central Bank of Nigeria (CBN)on Mondaydisclosed that external reserves has risen to N40.4 billion, crossing the $40 billion mark earlier predicted by Godwin Emefiele, governor of the Central Bank of Nigeria. Emefiele had at the Annual Bankers' Dinner of the Chartered Institute of Bankers (CIBN) in Lagos last November, projected that the nation's []The post Nigeria external reserves cross $40bn as CBN injects $210m in FX market appeared first on BusinessDay : News you can trust. 

Wed, 10 Jan 2018
The Malaysia & District Society has been inaugurated, thus bringing the number of ICAN District Societies to fifty five (55). The new District is the fifth established outside the country with others in UK, USA, Canada and Cameroun. Speaking at the inauguration, ICAN President Isma'ila M. Zakari, mni. FBR, FCA, said District Societies were meant []The post ICAN Inaugurates Malaysia and District Society appeared first on BusinessDay : News you can trust. 

Wed, 10 Jan 2018
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for an emergency meeting of its members to discuss critical issues in the foreign exchange market. Top on the agenda are the convergence of Bureau De Change (BDC) rate with the banks' rate as well as the need to discourage a prevalence []The post BDCs plan emergency meeting over rate convergence, tax appeared first on BusinessDay : News you can trust. 

Wed, 10 Jan 2018
In today's world, technology, globalisation, environmental challenges and demographic shifts are affecting the ways in which governments choose to raise tax to meet the rising expectations of citizens for better public services. What to tax', where to tax it'and how to tax it are in no doubt three big questions facing tax authorities and governments []The post Paying taxes 2018: Technology drives obligations of businesses appeared first on BusinessDay : News you can trust. 

Wed, 10 Jan 2018
Nigerians usually get into the fray each time popular footballers are charged by the Spanish authorities for alleged tax offences. Lionel Messi, Cristiano Ronaldo and Neymar have at various times been linked to tax fraud, triggering outbursts in Nigeria about the propriety of such actions. The emotional attachment to these footballers or their clubs often []The post Lagos: Why taxation efficiency is critical to infrastructure development appeared first on BusinessDay : News you can trust. 

Wed, 10 Jan 2018
Compliance and information disclosure as regards tax is set to grow as increasing number of tax authorities around the world seek to facilitate free flow of information among states. The latest in this line are European Union tax authorities who have gained the right to access data collected by other states under anti-money laundering legislation, []The post Compliance, disclosure to improve on global tax info exchange rules appeared first on BusinessDay : News you can trust. 
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