NIGERIA NEWSPAPERS: TODAY’S BUSINESSDAY NEWSPAPER HEADLINES [22 AUGUST, 2018].

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

2019: I want to correct bad representation in my constituency, says Onyenkwere
Wed, 22 Aug 2018
Chima Uzoma Onyekwere, a House of Representatives aspirant for Ikwuano Umuahia Federal Constituency Abia State on the platform of the All Progressives Grand Alliance (APGA), has said that if voted into power in 2019, his agenda would be in the areas of health, education/in-service training, road infrastructure, empowerment of artisans, among other incentives. Onyekwere, while…
read more…

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

As Nigeria keep oil investors hanging, peers implement key sector reforms
Wed, 22 Aug 2018
Prospects for new investments in Nigeria’s oil sector does not look promising as the country’s inability to reform the sector could see it cede markets and new investments opportunities to its African peers who are currently embarking on deep reforms to make their sectors competitive. With weak fiscal terms, poorly regulated sector and lack of…
read more…

When will Nigeria’s unsold crude head for China
Wed, 22 Aug 2018
China’s biggest oil suppliers are the Middle East, Russia and West Africa but the United States has also become an important global supplier since it opened up its market for exports in 2016. Right now, Chinese oil importers are shying away from buying US crude as they fear Beijing might soon exclude the commodity from…
read more…

Brokerage fraternity advises against heating the polity ahead 2019 elections
Wed, 22 Aug 2018
To avoid instability in the economic and business environment, the brokerage fraternity of the Nigerian insurance industry, the Nigerian Council of Registered Insurance Brokers (NCRIB) has advised politicians to be conscious of their activities as the nation prepares for the 2019 general elections. The Council believes that heating the polity will not only bring instability…
read more…

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

Cotton: Can Nigeria regain production status through biotech
Wed, 22 Aug 2018
Nigeria has recently released two varieties of biotech cotton (Bt cotton), MRC 7377BG11 and MRC7361BG11 in commercial quantity with the aim of boosting production of the crop through the technology. The Bt varieties are expected to bring succour to cotton farmers by increasing their yield per hectare from an average of 450kg per hectare to…
read more…

Angola kicks off oil reforms as Nigeria dithers
Wed, 22 Aug 2018
Unlike Nigeria’s Muhammadu Buhari, Angola’s President Joo Loureno have commenced oil reforms in its state-owned Sonangol with the aim of boosting production in Africa’s second biggest oil producing country. Since Joo Loureno became president of Africa second largest producing oil country Angola in September last year, he has moved to overhaul state owned oil company,…
read more…

Experts at Stanbic IBTC Bank forum canvases right model for human capital development
Wed, 22 Aug 2018
In a rapidly changing world, more so in the digital space, finding the right models to anchor human capital development will remain a paramount determinant of corporate success. This thinking underscores the Workplace Banking Seminar’ organized by Stanbic IBTC Bank Plc, a member of Stanbic IBTC Holdings PLC, in Lagos. The seminar, with the theme…
read more…

Experts task on policies drive access to mortgage, homeownership
Wed, 22 Aug 2018
Governments at both state and federal levels in Nigeria need to come up with a comprehensive policy that recognises average household income in order for more people to have access to mortgage and, by extension, improve homeownership level in the country, experts have canvassed. Nigeria has a staggering housing demand-supply gap and the experts have…
read more…

Why Dangote Sugar is not having a sweet year
Wed, 22 Aug 2018
Nigeria’s largest sugar refiner and retailer has seen revenue and operating profit drop by 29 percent and 17 percent respectively in the first half of 2018 off the back of a steady decline all year in sugar prices. A surge in sugar production since last September when the European Union abolished production led to a…
read more…

How CBN’s policies sustain inflation rate decline
Wed, 22 Aug 2018
Although the Central Bank of Nigeria (CBN) is yet to achieve 6-9 percent inflation target band, its various policies and interventions have significantly brought down the rate at which prices increase over time. All economists agree that stagflation is a difficult condition for policymakers to deal with. Stagflation occurs when a country’s Gross Domestic Product…
read more…

Stanbic IBTC dominates other financial institutions’ capital inflows in Q2 2018
Wed, 22 Aug 2018
Stanbic IBTC Bank leads again in terms of amount of capital inflows into Nigeria through financial institutions in the second half of this year (Q2 2018), according to data provided by the National Bureau of Statistics (NBS). Total capital inflows into Nigeria in Q2 2018 declined to $5.513 billion from $6.303 billion recorded in Q1…
read more…

FBN Holdings Plc: Profit growth driven by increase in non-interest income
Wed, 22 Aug 2018
First Bank Nigeria (FBN) Holdings Plc just released its half year ended June 30th 2018 financial results that showed improvement in key ratio as the lender is gradually surmounting the headwinds caused by an economic downturn of 2016. For example, there have been remarkable improvements in asset quality as non performing loans (NPLs) and impairment…
read more…

Equity flow from U.S ETFs down 80 percent
Wed, 22 Aug 2018
The flow of funds into the United States (US) Exchange Traded Funds (ETFs) tracking the Nigerian Equity market has continued to decline over the past two weeks, according to a report from Bloomberg on the U.S.-listed emerging market ETFs. Equity flow declined by 80 percent to a loss of $1.8 million last week compared to…
read more…