NIGERIA NEWSPAPERS: TODAY’S BUSINESSDAY NEWSPAPER HEADLINES [29 JUNE, 2018].

Read All Newspapers in one Place - Download our App for free. DOWNLOAD

World Bank approves $2.1bn for health, power projects
Fri, 29 Jun 2018
The World Bank said on Thursday it had approved a total of $2.1 billion in concessionary loans to fund projects in Nigeria aimed at improving access to electricity, promoting governance and empowering women. Most of the projects will be financed through the International Development Association, the concessionary-lending unit of the World Bank, the Washington, D.C.-based… The post World Bank approves $2.1bn for health, power projects appeared first on BusinessDay : News you can trust.
read more…

BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

CBN fears rate cut will heighten monetary, fiscal challenges
Fri, 29 Jun 2018
The Central Bank of Nigeria (CBN) has ruled out an interest rate cut in near term, expressing fears that loosening its monetary policy stance at this time could exacerbate fiscal challenges in the economy and worsen inflationary pressure which it is trying to contain. Moses Tule, CBN Director of Monetary Policy at the Central Bank… The post CBN fears rate cut will heighten monetary, fiscal challenges appeared first on BusinessDay : News you can trust.
read more…

[better-ads type=”banner” banner=”13566″ campaign=”none” count=”2″ columns=”1″ orderby=”rand” order=”ASC” align=”center” show-caption=”1″][/better-ads]

 

Read All Newspapers in one Place - Download our App for free. DOWNLOAD

Nigeria must grow non-oil sector by 15% for 10 years ‘ Duke
Fri, 29 Jun 2018
For Nigeria to recalibrate its economy, it must grow the non-oil sector by 15percent for 10 consecutive years, Donald Duke, a former governor of Cross River State, has said. Duke, who spoke exclusively to BusinessDay, said the need to recalibrate the economy became necessary because in another 10 years Nigeria’s population will be 230 million…. The post Nigeria must grow non-oil sector by 15% for 10 years ‘ Duke appeared first on BusinessDay : News you can trust.
read more…

CCNN announces merger plans as stock becomes top performer
Fri, 29 Jun 2018
Cement Company of Northern Nigeria has officially disclosed plans of a proposed merger with Kalambaina Cement Company Limited to the Nigeria Stock Exchange (NSE). Kalambaina Cement is a wholly owned subsidiary of BUA Cement Company of Nigeria whose cement plant produces up to 1.5 million metric tonnes per annum. The merger is expected to strengthen… The post CCNN announces merger plans as stock becomes top performer appeared first on BusinessDay : News you can trust.
read more…

Nigeria gets $2.1 billion loan for projects from World Bank
Fri, 29 Jun 2018
The World Bankon Thursday,has approved a total of $2.1 billion in a reduced rate loans to fund projects in Nigeria. It is aimed at improving access to electricity and promoting governance in the country. The projects which were approved by the International Development Association (IDA), the bank’s low-interest arm, are expected to support Nigeria’s economic… The post Nigeria gets $2.1 billion loan for projects from World Bank appeared first on BusinessDay : News you can trust.
read more…

[better-ads type=”banner” banner=”13566″ campaign=”none” count=”2″ columns=”1″ orderby=”rand” order=”ASC” align=”center” show-caption=”1″][/better-ads]

 

NNPC differs with Governors on additional N40bn remittance
Fri, 29 Jun 2018
The Nigeria National Petroleum Corporation (NNPC) and the Nigerian governors are currently not on the same page, following the additional N40 billion remittance they made to the Federation Allocation Account Committee (FAAC). The corporation said the Governors’ additional request of N40billion was unfortunate, given that NNPC is set to exit the cash call phenomenon. The… The post NNPC differs with Governors on additional N40bn remittance appeared first on BusinessDay : News you can trust.
read more…

We don’t have any more Abacha loot- Swiss envoy
Fri, 29 Jun 2018
The Ambassador of Switzerland to Nigeria, Eric Mayoraz, has disclosed that his country has no more loot traceable to former Nigerian Head of State, late Sani Abacha, who was said to have stashed millions of dollars of money he looted from Nigeria’s coffers into bank accounts in Switzerland during his reign between 1993 and 1998…. The post We don’t have any more Abacha loot- Swiss envoy appeared first on BusinessDay : News you can trust.
read more…

Political, herdsmen risks may derail Nigeria’s optimistic H2 outlook
Fri, 29 Jun 2018
As Nigeria gradually approaches second half of 2018, analysts are optimistic that the economy will continue to do better if political risks and the current insecurity situation caused by the herdsmen, is controlled by the government. Nigeria was in recession for five consecutive quarters but returned to positive growth of 0.72 percent in the second… The post Political, herdsmen risks may derail Nigeria’s optimistic H2 outlook appeared first on BusinessDay : News you can trust.
read more..

[better-ads type=”banner” banner=”13566″ campaign=”none” count=”2″ columns=”1″ orderby=”rand” order=”ASC” align=”center” show-caption=”1″][/better-ads]

 

Nigeria has the lowest budget deficit among top 10 African economies
Fri, 29 Jun 2018
Nigeria’s estimated 2018 budget deficit isN1.95trillion making it one of the country’s highest ever fiscal deficit. Sizable as it looks, the Nigeria’s budget deficit which is only 1.73 percent of Gross Domestic Product (GDP) is the lowest among the top ten economies in Africa according to BusinessDay findings. Behind Nigeria were Sudan (2.4%), Ethiopia (2.5%),… The post Nigeria has the lowest budget deficit among top 10 African economies appeared first on BusinessDay : News you
read more…

Nigerian insurance industry premium estimated to hit N363bn in 2017
Fri, 29 Jun 2018
The nation’s insurance industry at the close of business in 2017 targets an estimated premium income of N363 billion, representing an expected increase of 15 percent over 2016 figure. Eddie Efekoha, immediate past chairman Nigerian Insurers Association(NIA) dropped the hint at the 47thAnnual General Meeting of the trade body held in Lagos. Efekoha… The post Nigerian insurance industry premium estimated to hit N363bn in 2017 appeared first on BusinessDay : News you can trust.
read more…

CIBN collaborates with stakeholders to sensitise banks on Fintechs
Fri, 29 Jun 2018
The Chartered Institute of Bankers of Nigeria, Lagos State branch says the financial space has been revolutionalised with the deployment of financial technology by Deposit Money Banks in meeting the financial needs of their teeming customers. It said recent reports indicated that investment in the technology in the Sub-Sahara Africa was witnessing growth. This, it… The post CIBN collaborates with stakeholders to sensitise banks on Fintechs appeared first on BusinessDay : News you can trust.
read more…

UN recognition of Olam’s rice outgrower initiative highlights success of VCDP
Fri, 29 Jun 2018
Nigeria’s quest for sufficiency in rice production may not be where millions of the staple food’s consumers will want it to be, but incremental progress by local rice producers is showing that; with a combination of the right strategies and public-private sector collaboration, the country’s food security challenges can be met. With over $1 billion… The post UN recognition of Olam’s rice outgrower initiative highlights success of VCDP appeared first on BusinessDay : News you
read more…

NAFDAC wants more rehabilitation centres for drug addicts
Fri, 29 Jun 2018
The National Agency for Food and Drug Administration and Control (NAFDAC), has called for establishment of more rehabilitation centres to cater for drug addicts in the country. The Director-General of NAFDAC, Prof. Moji Adeyeye made the call while speaking with the News Agency of Nigeria (NAN) on Thursday in Abuja. Adeyeye explained that Nigeria had… The post NAFDAC wants more rehabilitation centres for drug addicts appeared first on BusinessDay : News you can trust.
read more…

[better-ads type=”banner” banner=”13566″ campaign=”none” count=”2″ columns=”1″ orderby=”rand” order=”ASC” align=”center” show-caption=”1″][/better-ads]

 

SON raids LPG cylinder fabricating syndicate in Anambra
Fri, 29 Jun 2018
The Standard Organisations of Nigeria (SON) has discovered a site where substandard Liquefied Petroleum Gas (LPG) Cylinders are fabricated and distributed in Onitsha, Anambra. The organisation also raided the site located on Bida Road, Fegge and impounded cylinders at various stages of production and equipment loaded in three lorries. Mrs Nwaoma Olujie, Coordinator… The post SON raids LPG cylinder fabricating syndicate in Anambra appeared first on BusinessDay : News you can trust.
read more…

Nigeria’s cattle need to be ranched for optimum productivity
Fri, 29 Jun 2018
Nigeria has been estimated to have 19 million heads of cattle, which on a conservative estimation of N100, 000 per cattle translates to N1.9 trillion. The cattle market is indeed filled with immense potential, not only for beef but also dairy production. As experts have observed, Nigeria mostly imports cattle from other countries for local… The post Nigeria’s cattle need to be ranched for optimum productivity appeared first on BusinessDay : News you can trust.
read more…