NIGERIA NEWSPAPERS: TODAY’S BUSINESSDAY NEWSPAPER HEADLINES [27 JUNE, 2018].

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Every minute 6 Nigerians enter extreme poverty: here’s why
Wed, 27 Jun 2018
Nigeria received yet another blow as the number of its citizens living in extreme poverty became higher than that of India in 2018, as compiled from World Data Lab, a predictive analytics social enterprise. The number of Nigerians living in extreme poverty crossed the 83 million mark in 2018, surpassing India’s number of extremely… The post Every minute 6 Nigerians enter extreme poverty: here’s why appeared first on BusinessDay : News you can trust.
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I knew that God was with us ‘ Says Messi
Wed, 27 Jun 2018
Messi: I knew that God would not let us down Lionel Messi said he always believed Argentina would prevail against Nigeria, despite the game coming down to a nail-biting finish and a stunning late winner from the most unlikeliest of sources. Marcos Rojo volleyed home at the death to send Argentina through at the expense… The post I knew that God was with us Says Messi appeared first on BusinessDay : News you can trust.
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Eagles bow out, Argentina through to knockout stage
Wed, 27 Jun 2018
Argentina edged Nigerias Super Eagles 2-1 in a tight game in Saint Petersburg on Tuesday to sneak into the Round of 16 of the FIFA World Cup and condemn the Super Eagles to an early exit. A sumptuous atmosphere prevailed at a capacity Zenit Arena in northern Russia, and the sea of white and blue… The post Eagles bow out, Argentina through to knockout stage appeared first on BusinessDay : News you can trust.
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Egyptian commentator dies after Egypt lost to Saudi Arabia
Wed, 27 Jun 2018
Former Coach of Cairo’s Zamalek FC Abdrahim Mohammed Negma who gave the play-by-play account of the Egypt-Saudi Arabia FIFA World Cup match died after the Egyptian national team lost 1-2, Gazeta.ru reported, citing Youm7. Negma worked for one of Egypt’s TV channels. During the match, he suffered a heart attack and was subsequently rushed to… The post Egyptian commentator dies after Egypt lost to Saudi Arabia appeared first on BusinessDay : News you can trust.
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Manufacturers borrowing rate from banks rises to 22.8% in 2017
Wed, 27 Jun 2018
Banks are consistently starving Nigerian manufacturers of funds needed to retool their factories as data show that the average borrowing rate by real sector players in 2017 was 22.8 percent. This represents 0.4 percentage point increase from 22.4 percent recorded in 2016, latest economic review by the Manufacturers Association of Nigeria (MAN) shows. The review… The post Manufacturers borrowing rate from banks rises to 22.8% in 2017 appeared first on BusinessDay : News you can trust.
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Analysts see borrowing cost on external debt increasing
Wed, 27 Jun 2018
Analysts have said that the cost of external debt will be increasing following the prospect that the U.S Federal Reserve (Fed) will hike its rates later this year. In what is a wakeup call on emerging economies including Africa, sub-Saharan Africa and Nigeria as a country, considering that it will fuel volatility in the economies’… The post Analysts see borrowing cost on external debt increasing appeared first on BusinessDay : News you can trust.
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Ecobank MD task auditors on sound banking system
Wed, 27 Jun 2018
Ecobank Nigeria has called on audit executives of banks to the take advantage of their independence and unfettered access to their respective boards and management, and industry sector regulators to showcase their potentials and competencies and entrench a sound and wholesome governance environment in banks to stem potential bank failure. Charles Kie, managing director, said… The post Ecobank MD task auditors on sound banking system appeared first on BusinessDay : News you can trust.
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Quality healthcare major challenge of rural dwellers, says Church
Wed, 27 Jun 2018
Quality healthcare has been identified as one of the major challenges facing Nigerians living in rural areas. The area welfare specialist officer of Church of Jesus Christ of Latter Day Saints, Mr Chidi Ibeakuzie stated on Tuesday during the handing over of a recently renovated community hospital to members of the community at Nri, Anaocha… The post Quality healthcare major challenge of rural dwellers, says Church appeared first on BusinessDay : News you can trust.
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TCN targets 15GW grid expansion with $1.57bn funding
Wed, 27 Jun 2018
The Transmission Company of Nigeria (TCN) which manages the national grid says it is expanding grid capacity from the current 6,000MW capacity to 15GW capacity through funding from international financiers. At a workshop in Abuja on Tuesday, Mohammed Gur, TCN managing director disclosed that this was part of an initial process for the acquisition… The post ”TCN targets 15GW grid expansion with $1.57bn funding appeared first on BusinessDay : News you can trust.
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Afreximbank signs $1bn programme to promote South Africa-Africa trade
Wed, 27 Jun 2018
The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa (ECIC) has signed a memorandum of understanding for a $1billion financing programme to promote and expand trade and investments between South Africa and the rest of Africa. Under the terms of the South Africa’Africa Trade and Investment Promotion Programme (SATIPP),… The post Afreximbank signs $1bn programme to promote South Africa-Africa trade appeared first on BusinessDay : News you
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Cross Rivers rice seedling project sees yield rising to 10 tones per hector
Wed, 27 Jun 2018
Nigeria’s quest to boost local rice production received a big boost on Monday with the commissioning of the new Cross Rivers stats rice seedling factory in Calabar by President Muhamamdu Buhari. The project said to the biggest in Africa, improve yield per hector from the current national average of 3 to 4 tons per… The post Cross Rivers rice seedling project sees yield rising to 10 tones per hector appeared first on BusinessDay : News you can trust.
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Israel’s Gigawatt Global signs $1 billion deal with ECOWAS
Wed, 27 Jun 2018
The West African Power Pool (WAPP) has entered into a landmark strategic relationship with an Israeli company, solar developer Gigawatt Global and signed a deal with the 15-member Economic Community of West African States (ECOWAS) to build $1 billion renewable energy projects in the region. A statement issued by the Press Officer of the Embassy… The post Israel’s Gigawatt Global signs $1 billion deal with ECOWAS appeared first on BusinessDay : News you can trust.
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