NIGERIA NEWSPAPERS: TODAY’S BUISNESSDAY NEWSPAPER HEADLINES [18 JULY, 2018].

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DisCos are technically insolvent, says BPE
Wed, 18 Jul 2018
Bureau of Public Enterprises (BPE) on Tuesday discloser that most of the Distribution Companies (DISCOs) are technically insolvent. Alex Okoh, BPE Director General disclosed this during an interactive session held at the instance of House Committee on Power, with critical stakeholders in the Nigeria’s power sector including Nigeria’s Bulk Electricity Trading Company (NBET), Electricity… The post DisCos are technically insolvent, says BPE appeared first on BusinessDay : News you can
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

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How the AfCFTA can impact local businesses in Nigeria
Wed, 18 Jul 2018
So far, 44 out of 54 African countries have signed for the establishment of an Africa Continental Free Trade Area (AfCFTA) which would make it one of the largest free trade blocs in the world today. Nigeria and South Africa are among the 10 nations which are yet to sign the AfCFTA for numerous economic… The post How the AfCFTA can impact local businesses in Nigeria appeared first on BusinessDay : News you can trust.
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Banks are biggest NSE index movers in past year
Wed, 18 Jul 2018
Financials have been the major sector behind the rally in stocks over the past year. Despite the bruising equity prices have received this year, the All Share Index still has a one year return of +12.04 percent. BusinessDay analysis showed that out of the top 10 biggest index movers during this period, 5 were… The post Banks are biggest NSE index movers in past year appeared first on BusinessDay : News you can trust.
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Economists, IMF inflation predictions at odds with history
Wed, 18 Jul 2018
The consensus view of the economists polled by BusinessDay is that inflation will trend higher in the second half of the year largely due to campaign spending. However, historical data dating from the late 90s shows that inflation typically declines in the years preceding an election. Inflation in Nigeria is currently 11.61 percent and… The post Economists, IMF inflation predictions at odds with history appeared first on BusinessDay : News you can trust.
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Donald Trump creates chaos with his tariffs trade war
Wed, 18 Jul 2018
The question remains whether other countries should box back in retaliationThe leader of the world’s most powerful country is a dangerous ignoramus. So how should the rest of the world respond’ What makes this so difficult to answer is that Donald Trump has created chaos. It is so difficult to negotiate with him because nobody… The post Donald Trump creates chaos with his tariffs trade war appeared first on BusinessDay : News you can trust.
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How the multi-fund will benefit contributors, investors, government -Expert
Wed, 18 Jul 2018
The coming on board of the multi-fund structure in the amended investment guidelines for the pension industry in Nigeria,as released by the National Pension Commission (PenCom) has been described as a response to the micro and macro economic developments in the country. According to expert, multi-fund was a response by the pension sector to the… The post How the multi-fund will benefit contributors, investors, government -Expert appeared first on BusinessDay : News you can trust.
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Most DisCos are technically insolvent ‘ BPE
Wed, 18 Jul 2018
Bureau of Public Enterprises (BPE) on Tuesday discloser that most of the Distribution Companies (DISCOs) are technically insolvent. Alex Okoh, BPE Director General disclosed this during an interactive session held at the instance of House Committee on Power, with critical stakeholders in the Nigerias power sector including Nigerias Bulk Electricity Trading Company (NBET), Electricity Distribution… The post Most DisCos are technically insolvent BPE appeared first on BusinessDay : News you can
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WalterSmith, AFC, sign $35m modular refinery deal
Wed, 18 Jul 2018
A $35 million debt facilities agreement was executed between Walter Smith Refinery and Petrochemical company and African Finance Corporation (AFC) for the construction of a 5,000 barrels per day modular refinery which is expected to be built and completed within the next 18 months. The total cost of the refinery is about $48 million. While… The post WalterSmith, AFC, sign $35m modular refinery deal appeared first on BusinessDay : News you can trust.
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National carrier gets push as Sirika meets airplane manufacturers, investors
Wed, 18 Jul 2018
As part of efforts towards the launch of a new national carrier, the Minister of State for Aviation, Hadi Sirika has engaged the Management of Aeroplane manufacturers, Airbus in negotiations for the acquisition of the desired aircraft. Sirika who spoke on Monday at the International air show in England promised to explore every opportunity available… The post National carrier gets push as Sirika meets airplane manufacturers, investors appeared first on BusinessDay : News you can trust.
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Revenue from energy underpins Transcorp’s profit margins
Wed, 18 Jul 2018
Transnational Corporation of Nigeria (Transcorp) Plc has utilized every Naira invested in revenue in generating higher profit as margins surged, thanks to contributions from the energy business. The stellar performance means the company with interest in hospitality, oil and gas, power and Agriculture has surmounted the headwinds brought on by lower oil price and devaluation… The post Revenue from energy underpins Transcorp’s profit margins appeared first on BusinessDay : News you can trus
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Oando plc distance self from London court judgment
Wed, 18 Jul 2018
Oando PLC’shas distance itself from the judgment oftheInternational London Court of Arbitrationhanded down to some ofits directors asking themtothe Sum of $680million to Ansbury Investments Inc. It stated that while it cannot deny that WaleTinubu and Omamofe Boyoarehigh level stakeholdersin Oando plc, thecompanywas notinvolvedin the transaction thatledthe parties concernedfindingthemselves in the court of arbitration.. Following… The post Oando plc distance self from London court judgment
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Electricity sector tops 2017 global energy investments
Wed, 18 Jul 2018
The electricity sector attracted the largest chunk of investments in the energy sector amounting to $750bn in 2017, out of $1.8trillion invested in the sector; the International Energy Association (IEA) has said indicating the increasing role electrification from alternative sources is playing as the world turns from fossil fuels. Paris-based energy think tank IEA… The post Electricity sector tops 2017 global energy investments appeared first on BusinessDay : News you can trust.
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