NIGERIA NEWSPAPERS: TODAY’S BUSINESSDAY NEWSPAPER HEADLINES [16 AUGUST, 2018].

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MTN in data push, pumps N200bn into network expansion
Thu, 16 Aug 2018
MTN Nigeria, in a major push for data revenues signed a N200 billion seven- year Medium term loan agreement with a consortium of local banks, with FBN Quest acting as a facility agent. The largest operating telecommunications company in Nigeria, declared that the loan raised from 12 Nigerian banks will be used for expansion and…
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

2019 election plot thickens as Saraki considers PDP Presidential ticket
Thu, 16 Aug 2018
The race to the 2019 presidential election is getting stiffer as Nigerian senate president; Bukola Saraki on Tuesday said he is considering running for the post of president come February 2019. ‘I am consulting and actively considering it,’ Saraki, said in an interview with Bloomberg at his residence in the capital, Abuja. ‘I believe I…
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Yuan weakening set to boost Nigerian imports from China
Thu, 16 Aug 2018
Nigerian importers from China are benefiting from a weakening in the Yuan in the past three months. Analysts believe that the cheaper Yuan would lead to an increase in trade volume between China and other countries like Nigeria, which a major importer of Chinese goods and services. ‘China has already positioned itself as a major…
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N76.9bn disbursed from N220bn MSMED fund in 2017
Thu, 16 Aug 2018
A total of N76.9 billion out of the N220 billion Micro Small and Medium Enterprises Development (MSMED) fund has been disbursed to MSMEs from inception in 2013 to 2017, according to the Central Bank of Nigeria (CBN). From the draft of 2017 annual report of the CBN released on Wednesday, the disbursement comprises of N53.1…
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FG appoints Adeosun board chairman of Nigerian Bulk Trading Company
Thu, 16 Aug 2018
The Federal Government has announced the appointment of the Minister of Finance, Mrs Kemi Adeosun as the Chairman, Board of Directors of Nigeria Bulk Electricity Trading Company (NBET). The Director of Information, Federal Ministry of Finance, Mr Hassan Dodo in a statement on Wednesday in Abuja, said that the appointment was approved by the Acting…
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Abuja, Bayelsa, Imo top food inflation list for July, 2018
Thu, 16 Aug 2018
Nigeria’s food inflation on a year-on-year basis was the highest in Abuja, Bayelsa and Imo states recording rates of 15.9 percent, 15.8 percent, 15.5 percent respectively, according to the National Bureau of Statistics (NBS) July 2018 inflation report released today. According to agricultural players in the industry, the added cost of logistics, storage, and losses…
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CBN, banks, extends SANEF project to 25 States
Thu, 16 Aug 2018
Central Bank of Nigeria (CBN), the Deposit Money Banks (DMBs), in collaboration with other stakeholders have extended the Shared Agent Network Expansion Facility (SANEF) to 25 States of the Federation from the 13 States in March. SANEF is a project powered by the CBN, DMBs, Nigeria Inter-Bank Settlement Systems, licensed Mobile Money Operators (MMOs) and…
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Nestl Nigeria Plc surmounts economic headwinds with significant revenue growth
Thu, 16 Aug 2018
As a result of a growing population and an emerging middle class, there has always been a growing demand for fast moving consumer goods (FMCG) in Nigeria. However. as a result of the economic downturn and subsequent slow recovery, the manufacturing sector in 2017 declined marginally by 0.2 percent. Growth in the segment has been…
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NIMASA floating dockyard to save Nigeria N36bn annually ‘ Peterside
Thu, 16 Aug 2018
The multimillion dollar floating Dockyard owned by the Nigerian Maritime Administration and Safety Agency (NIMASA) which arrived the country recently will save the Country millions of dollars in capital flight once operational. Efforts are also being made to create an enabling environment for the growth of indigenous participation in shipping. The Director General of the…
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Africa Prudential earnings spike on growth in investment income
Thu, 16 Aug 2018
The leadership of the Nigerian Stock Exchange (NSE) has commended Africa Prudential Plc for championing laudable initiatives, which has contributed significantly in developing the Nigerian Capital Market. Speaking during the closing gong ceremony at the Exchange,Oscar Onyema, chief executive officer of the NSE lauded Africa Prudential for ground-breaking initiatives over the past years. Onyema represented…
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Investors are assured of dividends on their investments with Medview ‘ Bankole
Thu, 16 Aug 2018
Muneer Bankole is the chief executive officer Medview Airline Limited, the only domestic carrier in Nigeria listed on the Nigerian Stock Exchange. In this interview with IFEOMA OKEKE, he speaks of the challenges facing the aviation sector and reasons why investors should be assured of their investments in the airline. What are the challenges in…
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SIFAX signs deal with Gambian govt to build, operate multi-million dollar dry port
Thu, 16 Aug 2018
SIFAX Group, a multinational company with interests in various sectors has signed a Memorandum of Understanding (MOU) with the government of Gambia to build and operate a dry port in Banjul. A dry port is an inland intermodal terminal directly connected by road or rail to a seaport and operating as a centre for the…
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NNPC says other factors not gas responsible for electricity drop
Thu, 16 Aug 2018
The Nigerian National Petroleum Corporation (NNPC) has said that there are other factors responsible for the drop in electricity generation and not lack availability of enough gas for power. It explained that the prevailing significant drop in power generation was mainly due to three factors namely: a reduction in power generation by the three Hydro…
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GTB plans to grow earnings from loan yields, ex Nigeria operations in 2018
Thu, 16 Aug 2018
Guaranty Trust Bank (GT Bank), Nigerias second largest bank by branch network, plans to grow its earnings from loan yields and also from operations outside of Nigeria. This was disclosed to BusinessDay on Tuesday, 14th August 2018, during the banks half year conference with Chief Executive Segun Agbaje. The bank expects to boost loans to…
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Election spend, forex stability to underpin cement markers earnings in Q2
Thu, 16 Aug 2018
Investors in cement stocks could see a return on investment as demand for cement is expected to improve on the back of passage of the budget and relative stability in the foreign exchange market. Analysts are of the view that the recent rebound in crude oil price has dispelled the fear that government is incapable…
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The stock market at midday continues weak trend
Thu, 16 Aug 2018
The stock market midday today is still seeing little or no trades in most of the bellwether stocks and index with the exception of the banking index on the Nigerian stock exchange (NSE). The major market mover Dangote after dropping 6.1 percent last friday, with other players in the market which led to the 2.9…
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