NIGERIA NEWSPAPERS: TODAY’S THE BUSINESSDAY NEWSPAPER HEADLINES [8TH MAY, 2018]

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Below are the headlines found on The Businessday Online Newspaper for today, Tuesday, 8th May, 2018.
Solvency ratio of 5 Nigerian insurers fall below regulatory threshold
Tue, 08 May 2018
The solvency ratio of five Nigerian insurers out of 12 that have released full year 2017 results has fallen below the regulatory threshold, according to data compiled by BusinessDay. This means these firms may not have enough buffers to settle all claims in extreme situations. The solvency ratio of an insurance company is the size… View ArticleThe post Solvency ratio of 5 Nigerian insurers fall below regulatory threshold appeared first on BusinessDay : News you can trust. 
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Solving right of way issues will reduce cost of broadband, increase last mile penetration ‘ Sean Hsu
Tue, 08 May 2018
Sean Hsu is the CEO of NETCOM Africa, a Lagos-based technology solutions company with over a decade of operations in Nigeria. The company delivers data centre services, managed IT solutions, data protection and other IT services. In this interview shared with Jumoke Akiyode-Lawanson, he talks about the challenges of managing competition in Nigeria’s dynamic ICT… View ArticleThe post Solving right of way issues will reduce cost of broadband, increase last mile penetration Sean Hsu appeare 
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APMT to develop cargo terminals along GE rail concession corridor
Tue, 08 May 2018
APM Terminals will develop and operate a cargo rail terminal along the rail corridor in the recent concession agreement with a consortium led by General Electric (GE). This forms parts of vital port decongestion efforts, Augustine Fischer, APM Terminals, head, Government Relations and Communication, told BusinessDay while responding to questions on the APM terminals’ investment… View ArticleThe post APMT to develop cargo terminals along GE rail concession corridor appeared first on Busine 
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Germany says no reason to scrap Iran’s nuclear deal
Tue, 08 May 2018
Germany does not see any reason to scrap the nuclear deal reached between Iran and six powers in 2015 and would do everything possible to uphold it, Foreign Minister Heiko Maas, said on Monday. ‘We continue to believe that this agreement makes the world safer and without this agreement the world would be less… View ArticleThe post Germany says no reason to scrap Iran’s nuclear deal appeared first on BusinessDay : News you can trust. 
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Inflation rate to drop to 12.43% in April ‘ FSDH Research
Tue, 08 May 2018
FSDH Research, a subsidiary of FSDH Merchant Bank limited, said it expects the inflation rate (year-on-year) to drop to 12.43 percent in April 2018 from 13.34 percent recorded in the month of March. Despite the increase recorded in the prices of some food and non-food items, the base effect of the Composite Consumer Price Index… View ArticleThe post Inflation rate to drop to 12.43% in April ‘ FSDH Research appeared first on BusinessDay : News you can trust. 
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Subsidized FX rate as major downside to Nigeria ‘ China $2.5 bn swap deal
Tue, 08 May 2018
As the Nigeria-China currency swap deal continues to generate reactions among key players in the country, there is need to look at the deal closely and where necessary ask question on the implication certain terms of the deal will have on the Nigerian economy. Asides the fact that the deal is expected to be of… View ArticleThe post Subsidized FX rate as major downside to Nigeria ‘ China $2.5 bn swap deal appeared first on BusinessDay : News you can trust. 
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UBA partners Mastercard to revolutionise ease of payment for SMEs
Tue, 08 May 2018
The pan-African financial services institution, United Bank for Africa (UBA) in partnership with MasterCard International has released a revolutionary solution to one of the critical challenges being faced by small and medium scale enterprises (SMEs) and micro small businesses in Nigeria and across Africa, with the introduction of UBA MasterPass QR Bot, which will ensure… View ArticleThe post UBA partners Mastercard to revolutionise ease of payment for SMEs appeared first on BusinessDay : News 
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FirstBank’s profit growth, best among peers in 2017
Tue, 08 May 2018
First Bank Nigeria Holdings (FBN Holdings) Plc’s profit growth was the best among peers in 2017, thanks to lower impairments, cost curtailments, and income from short term government securities. FBN Holdings’ profit after tax surged by 226.80 percent to N40.11 billion in December 2017, the fastest bottom line growth in five years. See Chart. This… View ArticleThe post FirstBank’s profit growth, best among peers in 2017 appeared first on BusinessDay : News you can trust. 
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Seplat still at risk despite higher revenue
Tue, 08 May 2018
Despite recording a 282 per cent growth in revenue from contracts with customers to N55.2 billion in first quarter 2018 from N14.5 billion in 2017, Seplat Petroleum Company, one of the front runners in Africa’s rapidly emerging independent oil and gas companies still remain exposed to more credit risk. The Nigerian independent oil and gas… View ArticleThe post Seplat still at risk despite higher revenue appeared first on BusinessDay : News you can trust. 
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Consolidated HallMark’s premium income spikes as claim expenses mount
Tue, 08 May 2018
Consolidated Hall Mark Plc started the year with a 16.13 percent growth in revenue while obligations to policy holders continue to mount. For the first three months through March 2017, the insurer’s gross premium income (GPI) increased to N1.94 billion from N1.67 billion the previous year. A breakdown of the insurer’s financial statement shows individual… View ArticleThe post Consolidated HallMark’s premium income spikes as claim expenses mount appeared first on BusinessDay : Ne 
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Finlab Nigeria redefines science industry with launch of laboratory fittings
Tue, 08 May 2018
Finlab Nigeria Limited as part of its strategic effort towards enhancing science and technological development in Nigeria has introduced its new laboratory top and fittings to the Nigerian market. Uzo Nwaije, Marketing Director of Finlab Nigeria Limited said the company has pioneered the advancement in Science and Technology in Nigeria; furnishing and equipping laboratories with… View ArticleThe post Finlab Nigeria redefines science industry with launch of laboratory fittings appeared first on 
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Fero Mobile deepens Nigeria’s Smartphone market, launches research-driven product
Tue, 08 May 2018
Nigeria’s multibillion Naira Smartphone market has continued to remain attractive to global phone manufacturers, even after 17 years of introduction of GSM into the country. Though overall Nigerian phone market, according to analysts declined by about 8 percent in 2016 due to economic recession but there are forecasts that the market will pick up again… View ArticleThe post Fero Mobile deepens Nigeria’s Smartphone market, launches research-driven product appeared first on BusinessDay 
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