Nigeria Newspapers: Today’s Businessday Newspaper Headlines [25 September, 2018].

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Nigeria’s economic growth slides as sovereign debt balloons
Tue, 25 Sep 2018
The actors may differ but for most countries the story remains the same. As external debt expands, economic growth usually contracts, and it is no different for Africa’s largest economy. Nigeria’s economic growth has nosedived since the national debt began to swell again. Since 2014, Nigeria’s national external debt has increased 127 percent from $9.7…
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Tough time for Lagos PDP ahead 2019 elections
Tue, 25 Sep 2018
The People’s Democratic Party (PDP) in Lagos State have in recent times been engulf in internal crisis and in disarray, culminating in defection of its former state chairman Moshood Salvador to the ruling All Progressive Congress (APC), Iniobong Iwok, assess the issues and implications for the party ahead of next year’s general elections. With just…
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West Africa’s biggest mall risks closure on restricted access
Tue, 25 Sep 2018
Shoppers coming from Epe, on the Lekki-Epe Express Road, and hoping to access the Novare Lekki Mall, said to be West Africa’s largest retail mall, now have to drive almost half a kilometre down the road before turning back to access the mall. This is following the decision of the Lagos State Government to close…
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2019: Ambode’s chances still uncertain
Tue, 25 Sep 2018
Uncertainty still surrounds the second term bid of Governor Akinwunmi Ambode of Lagos, as he has so far failed to secure the support of a majority of party members who will be voting in the All Progressive Congress’ (APC) governorship primary election scheduled for September 29. This is as more political groups within the party…
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Jimoh Ibrahim cautions FG on world economic recession
Tue, 25 Sep 2018
Jimoh Ibrahim, a front line Nigerian businessman and politician has cautioned Nigerian government to prepare for the reported economic world recession which will come before December this year. Ibrahim stated that, already one of the leading economy in the world, Americas balance sheet is having a deficit of about a trillion in import and China…
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Financial sector, better served if potentials of big data mining, AI are well harnessed
Tue, 25 Sep 2018
Bayo Adekanmbi is the chief transformation officer at MTN Nigeria. He is also the convener of Data Science Nigeria, a non-profit initiative dedicated to promoting data science in solving Nigeria’s business and social developmental problems. In this interview with Jumoke Akiyode-Lawanson, he talks about mobile technology, the growing importance of data science/data analytics and artificial…
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Inlaks recognised as best Temenos Learning Community partner in Africa
Tue, 25 Sep 2018
Embracing the core values of innovation and customer focus, Inlaks has been recognised as the best Temenos Learning Community (TLC) partner of 2018 in Africa for investing in digital training and development with well-coordinated training methodology in delivering value to numerous customers across the continent. This endorsement was highlighted by Temenos at this year’s Temenos…
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Africa Fintech Summit to reflect on technologies transforming finance
Tue, 25 Sep 2018
Africa’s premier financial technology event, the Africa Fintech Summit which holds biannually and gathers tech experts, disruptors, stakeholders and policy makers to discuss and reflect on technologies impacting the financial industry will be held for the first time in Lagos, Nigeria, in November 2018. This event comes on the heels of the earlier edition in…
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Nigeria can be part of global electronic health system ‘ Danbatta
Tue, 25 Sep 2018
With increased development in Nigeria’s Information Communication Technology (ICT) and telecommunication sectors and the country’s gradual move to digital revolution, Umar Garba Danbatta, executive vice chairman (EVC) of Nigeria Communications Commision (NCC) has expressed optimism that the country has the potential and will sooner rather than later join the league of nations where e-health thrives….
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11Plc seeks police intervention over Ascon forceful occupation of fuel station
Tue, 25 Sep 2018
11 plc ( formerly Mobil Oil Nigeria limited) has dragged Ascon Oil Limited before the Lagos State Commissioner of Police for allegedly taking possession of the Mobil filling station along Oshodi-Gbagada express way through violence means and want the police to intervene in the matter. In a letter sent to the Commissioner of Police,…
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NCDMB gives condition to oil servicing companies
Tue, 25 Sep 2018
As Nigerian companies are making efforts to take advantage of the opportunities provided by the currents drive of the Nigerian Content and Development Monitoring Board, NCDMB, the agency has reiterated its commitment to ensure that local content in the oil and gas industry is increased considerable in the industry. On account of this, it has…
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AIICO, NEM have highest ROE among listed peers
Tue, 25 Sep 2018
AIICO Insurance Plc, and N.E.M Insurance Plc have utilized the resources of owners in generating higher profits than any other insurer listed on the Nigeria Stock Exchange (NSE). Additionally, investors value the stocks of AXA Mansard Insurance Plc and N.E.M Insurance more than peers as they continue to consolidate on innovative products with a view…
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Consumer goods firms’ debt-to-equity ratio in 7th quarters run
Tue, 25 Sep 2018
Consumer goods firms have cut their long term debt to equity ratio for the seven quarters running in the second quarter of (Q2) 2018, from an all-time high as at the last quarter of 2016, when a recession hindered them from meeting obligations to banks and suppliers. The debt to equity ratio of NSE Consumer…
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Buharinomics is bad for all NSE indexes except Banks
Tue, 25 Sep 2018
The banking index seems to be the only index on the Nigerian Stock Exchange that has benefited from Buharinomics in the last 3 years. Since October 2015, the banking index has returned 30 percent while the consumer goods index returned only 1 percent. The rest of the indexes posted negative returns. The insurance index returned…
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Pension operators set to explore opportunities in micropensions
Tue, 25 Sep 2018
The executive management of Pension Fund Operators Association of Nigeria (PenoP) says its members are ready to explore opportunities in the new micro pension scheme billed to take-off in January 2019. Members of the executive team including Chinedu Ekeocha, chief executive officer of Diamond PFC and Wale Odutola, chief executive officer for ARM Pensions…
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