Nigeria Newspapers: Today’s Leadership Newspaper Headlines [4th October, 2018].

leadership-naijanewspapers

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

CBN Allays Fears Over Declining External Reserves
Thu, 04 Oct 2018
Amidst concerns over the continuous drop in the volume of the nation’s foreign reserves, the Central Bank of Nigeria (CBN) said yesterday that there is no need to panic.
Nigeria currently has a foreign reserves gross rate of about $44.3 billion, which still safely leaves the country on the green side.
At $44 billion, CBN still has between 17 and 20 months of import cover, while the international standard is at least three months import cover.
Speaking at the 2018 Abuja International Trade Fair with the theme: “Enhancing SMEs in Agribusiness through Innovative Technology”, CBN’s director of corporate communications, Isaac Okorafor, insisted that the apex bank has solid reserves base to defend the Naira.
“Oil price is also moving in the direction we desire. With all these combinations, we are very, very comfortable. We have the reserves to defend the naira. And we have the total support to encourage the SMEs to go into production”, Okoroafor noted.
The CBN Spokesman blamed the drop in foreign reserves on the recent reversal of the capital flows by portfolio investors who, he said, moved to countries like the United States of America where there was a recent rise in interest rate.
He said the Nigerian economy was not affected because the country built enough buffer of reserves to be able to tackle situations like this.
“The second one is that we are using the reserves to defend the value of our currency. It only made it drop a little. You would recall that we survived on even $23.6 billion. The economy was running. Now, we are over $44 billion”, Okorafor added.
He explained that more than any other institution in Nigeria, the CBN has demonstrated a passionate commitment to the support of SMEs in the Agribusiness through its various development finance interventions and schemes such as Agricultural Credit Guarantee Scheme Fund, N200billion Commercial Agricultural Credit Scheme; N200billion SME Restructuring & Refinancing Facility, SMEs Credit Guarantee Scheme, N300billion Power and Airline Intervention Fund.
He listed other intervention schemes to include the N220billion Micro, Small and Medium Enterprise Development Fund, Nigeria Incentive-based Risk Sharing System for Agricultural Lending and Real Sector Support Facility, among the 14 interventions the bank embarked on recently.
Okorafor said the Bank will continue to roll out proactive and innovative policies to ensure that all economic sub-sectors, especially the SMEs in Agribusiness, receive the desired support.
Promising that the Godwin Emefiele-led CBN will continue to ensure that the apex bank delivers on its core mandate of ensuring monetary and price stability, Okoroafor said, “We are determined to ensure that Nigeria’s economy remains in a state of consistent growth even as we focus on economic diversification and national food sufficiency”.
In his remarks, president of the Abuja Chambers of Commerce, Prince Adetokunbo Kayode, said CBN’s Monetary Policy Committee, which has the responsibility of formulating monetary and credit policy, has also done remarkably well in either adjusting or retaining key indicators.
“We recognize (with great appreciation) the genuine efforts of the present administration of the apex bank under the able, focused and visionary leadership of the Governor, Mr. Godwin Emefiele. CBN is now more than ever committed to the regulation, preservation and stabilization of the integrity of our currency,” Kayode added.

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

W/Bank Cuts Nigeria’s Growth Prospects To 1.9%
Meanwhile, the World Bank has reduced its forecast for Nigeria’s economic growth this year by 0.2 per cent to 1.9 per cent.
The bank also reduced its economic growth forecast for sub-Saharan Africa this year to 2.7 per cent from an earlier forecast of 3.1 per cent, citing slower than expected growth witnessed in Africa’s largest economies.
It also cut its estimate for South African GDP expansion to one per cent this year from 1.4 per cent before, and sees growth in 2019 remaining subdued as high unemployment constrains domestic demand.
Nigeria’s growth had slowed in the second quarter, while South Africa is slipping into a recession.
The World Bank noted that sluggish expansion in Angola, Nigeria and South Africa, the three biggest economies, is weighing on economic activity in the area.
The region, which had posted a fairly fast average growth rate in the years leading up to 2015, suffered a loss of momentum in economic output after commodity prices crashed in 2015 and 2016.
In April this year, the World Bank had predicted that the recovery would gather pace this year, with average growth expected at 3.1 per cent, up from 2.3 per cent last year.

read more…

The Obasanjo Factor In Our History
Thu, 04 Oct 2018
LEADERSHIPLast Monday October 1, 2018, Nigeria celebrated her 58th Independence Anniversary with much fanfare. This was the first time in eight years since this celebration was done openly. In these 58 years, one recurring decimal whose history has been inextricably intertwined with Nigeria’s history has been President Olusegun Obasanjo. No single individual has had so []The post The Obasanjo Factor In Our History appeared first on Leadership Newspaper.
read more…

Abuja Airport New Terminal To Begin Operation Soon ‘ GM
Thu, 04 Oct 2018
LEADERSHIPRegional general manager, North Central, Federal Airports Authority of Nigeria (FAAN), Mr Mahmud Sani, says the new terminal building under construction at the Nnamdi Azikiwe International Airport, Abuja, will begin operation soon. Sani gave the assurance in an interview with the News Agency of Nigeria (NAN), at the ongoing 2018 Abuja International Trade Fair, in []The post Abuja Airport New Terminal To Begin Operation Soon ‘ GM appeared first on Leadership Newspaper.
read more…

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

NSCDC Arrests 3 Suspected Vandals In Lagos
Thu, 04 Oct 2018
LEADERSHIPThree suspected vandals have been arrested by the Lagos state command of the Nigerian Security and Civil Defense Corps, NSCDC, after they perforated a high-pressure pipeline in Baruwa area of Lagos state. The pipeline is a major artery that convey petrol pumped from Atlas Cove, a key receptive facility to other states in the south []The post NSCDC Arrests 3 Suspected Vandals In Lagos appeared first on Leadership Newspaper.
read more…

Osinbajo To Deliver Keynote Address At Lagos Business Forum
Thu, 04 Oct 2018
LEADERSHIPVice President Professor Yemi Osibanjo is set to deliver the keynote on Technology as a Catalyst: Ease of Doing Business conference in Lagos on tomorrow. The conference is being organised by leading law firm, Perchstone and Graeys in partnership with IT consultancy outfit Knowledge Resources. Other key officials of the federal government including Dr. Okechukwu []The post Osinbajo To Deliver Keynote Address At Lagos Business Forum appeared first on Leadership Newspaper.
read more…

Technicalities Didn’t Allow INEC Cancel Osun Rerun
Thu, 04 Oct 2018
LEADERSHIPThe Independent National Electoral Commission (INEC) would have cancelled the rerun governorship election held in Osun state on September 27 but for some technical reasons, a highly placed source has said. LEADERSHIP gathered that the rerun polls would have been cancelled due to violence that greeted parts of the state on the day of the []The post ‘Technicalities Didn’t Allow INEC Cancel Osun Rerun’ appeared first on Leadership Newspaper.
read more…

Olawepo-Hashim Emerges ANN Presidential Candidate
Thu, 04 Oct 2018
LEADERSHIPA leading presidential aspirant on the platform of the Alliance for New Nigeria (ANN), Gbenga Olawepo-Hashim has emerged as the party’s presidential candidate. Olawepo-Hashim who won the party’s ticket at its national convention and presidential primary election held at Ibeto Hotel in Abuja with no fewer than 593 delegates in attendance, said his rescue mission []The post Olawepo-Hashim Emerges ANN Presidential Candidate appeared first on Leadership Newspaper.
read more…

Retention Of Service Chiefs, IGP Has Paid Off ‘ Group
Thu, 04 Oct 2018
LEADERSHIPThe foresight of President Muhammadu Buhari in resisting the calls to sack his service chiefs and the Inspector General of Police, IGP, has been commended by a pro-Buhari organization, the Re-elect Buhari Movement, (RBM). The RBM in a statement by its convener, Mr. Emmanuel Umohinyang, a lawyer, said that recent experience has shown that the []The post Retention Of Service Chiefs, IGP Has Paid Off ‘ Group appeared first on Leadership Newspaper.
read more…

Residents Evicted From Estate Vow To Drag LASG, Others To Court
Thu, 04 Oct 2018
LEADERSHIPOver a year after the demolition of properties at the Lagoon View Estate, Ibeshe, Igbogbo- Bayeku Local Council Development Area (LCDA), Ikorodu, Lagos, the owners of the buildings who were evicted from the land said they have concluded plans to drag Lagos State Government, the Attorney General of the state and some other land grabbers []The post Residents Evicted From Estate Vow To Drag LASG, Others To Court appeared first on Leadership Newspaper.
read more…

Eko Disco To Give Free Prepaid Meters
Thu, 04 Oct 2018
LEADERSHIPThe management of Eko Electricity Distribution Company (EKEDC) says it will give 100 free prepaid meters to its customers during the company’s ‘Customers’ Service Week’. Its general manager, Corporate Communications, Mr Godwin Idemudia, who made this known on Wednesday, said it was aimed at ensuring 100 per cent customer satisfaction. Idemudia, in a statement in []The post Eko Disco To Give Free Prepaid Meters appeared first on Leadership Newspaper.
read more…

We’ve Not Breached Any Nigerian Law As Claimed By LADOL ‘ Samsung
Thu, 04 Oct 2018
LEADERSHIPSamsung Heavy Industries Nigeria (SHIN) has said that its subsidiary, SHI-MCI has not breached any law or the sublease agreement as being alleged by logistics giant, LADOL in respect of respect of the Egina Floating Production Storage Offloading (FPSO) in Lagos waters. Managing director of SHIN Limited, Mr. Yong-ho Jo said that though LADOL had []The post We’ve Not Breached Any Nigerian Law As Claimed By LADOL ‘ Samsung appeared first on Leadership Newspaper.
read more…

MSMES Must Target Globally Competitive, Exportable Products
Thu, 04 Oct 2018
LEADERSHIPLagos state governor, Akinwunmi Ambode, has tasked operators of Micro, Small and Medium Enterprises (MSMEs) to maintain relevance in the ever-dynamic market by producing qualitative globally, competitive consumables and exportable products and services. He noted that globalisation and changing consumer experiences, make it imperative that MSMEs keep abreast of competition and maintain relevance. The governor, []The post ‘MSMES Must Target Globally Competitive, Exportable Products&
read more…

Afreximbank Trade Programme Designed To De-risk African Banks
Thu, 04 Oct 2018
LEADERSHIPAfrican banks can improve their business performance by keying into the Afreximbank Trade Facilitation Programme (AFTRAF), which was recently introduced by the African Export-Import Bank (Afreximbank), representatives of the Senegalese banking sector heard yesterday in Dakar. Speaking during a roadshow to introduce AFTRAF, Fatma Bao, manager in the Afreximbank Guarantees and Specialized Finance Unit, said []The post ‘Afreximbank Trade Programme Designed To De-risk African Banks&#0
read more…

LCCI Rues Nigeria’s Dependence On Oil
Thu, 04 Oct 2018
LEADERSHIPLagos Chamber of Commerce and Industry (LCCI) has said the country’s heavy dependence on oil has made its economy vulnerable. Director-general of the Lagos Chamber of Commerce and Industry, Muda Yusuf who spoke with LEADERSHIP yesterday in Lagos, noted, however, that the country has recorded some gains in certain aspects of the economy. According to []The post LCCI Rues Nigeria’s Dependence On Oil appeared first on Leadership Newspaper.
read more…

Agusto Assigns 5-Star Ratings To Stanbic IBTC, UBA, 2 Others
Thu, 04 Oct 2018
LEADERSHIPAgusto & Co, Nigeria’s leading research agency, has launched its 2018 Consumer Digital Banking Satisfaction Index Report, which highlights customer’s preferences and attitude towards digital banking platforms provided by banks in Nigeria. The Index, according to the company, was released following an extensive online and offline consumer survey carried out by Agusto $ Co Limited []The post Agusto Assigns 5-Star Ratings To Stanbic IBTC, UBA, 2 Others appeared first on Lead
read more…

We Are Committed To Developing Fixed Income Market
Thu, 04 Oct 2018
LEADERSHIPFMDQ OTC Securities Exchange (FMDQ) has reiterated commitment to the development of fixed income securities market in the country. Associate executive director, FMDQ, Tumi Sekoni made this remark while receiving Capital Market Development Award given to the exchange by Capital Market Correspondents Association of Nigeria (CAMCAN). She added that one of the mandate of the []The post ‘We Are Committed To Developing Fixed Income Market’ appeared first on Leadership Newspaper.
read more…

Naira Weakens At CBN Forex Window
Thu, 04 Oct 2018
LEADERSHIPAs the foreign exchange reserves of the country continue to suffer a downward trend, the value of the naira has suffered a depreciation at the Central Bank of Nigeria (CBN) foreign exchange window.The 30 days moving average of the external reserves which had declined to $45.627 billion at the beginning of last month had dropped []The post Naira Weakens At CBN Forex Window appeared first on Leadership Newspaper.
read more…

Equities Market Extends Downward Trend With 0.79% Loss
Thu, 04 Oct 2018
LEADERSHIPThe Nigerian equities market succumbed to a 0.79 per cent loss to extend the losing streaks as investors sold off on some major industrial and consumer goods large-cap stocks. The All-Share Index (ASI) shed 257.62 absolute points, representing a decline of 0.79 per cent to close at 32,454.03 points. Also, the market capitalisation declined by []The post Equities Market Extends Downward Trend With 0.79% Loss appeared first on Leadership Newspaper.
read more…

NCC, Judiciary To Jointly Fight Cybercrime
Thu, 04 Oct 2018
LEADERSHIPThe Nigerian Communications Commission (NCC) yesterday called for the cooperation and contributions of the judiciary to checkmate rising cases of cybercrime in the country. The executive vice chairman of NCC, Prof. Umar Danbatta, made the plea in Lagos during the ‘2018 Annual Workshop for Judges on Legal Issues in Telecommunication”. He said that in spite []The post NCC, Judiciary To Jointly Fight Cybercrime appeared first on Leadership Newspaper.
read more…

FIBA Wants Africans To Emulate Nigeria, Senegal
Thu, 04 Oct 2018
LEADERSHIPFIBA Africa President,Hamane Niang has urged African countries to build on Nigeria and Senegal’s successful outing at the just concluded FIBA Women’s Basketball World Cup 2018 in Tenerife, Spain. For the first time in the competition’s history, two African nations achieved a milestone by moving out of the group phase and more importantly proved to []The post FIBA Wants Africans To Emulate Nigeria, Senegal appeared first on Leadership Newspaper.
read more…

Gas Flaring And Kachikwu’s Threat
Thu, 04 Oct 2018
LEADERSHIPThe Minister of State for Petroleum, Dr. Ibe Kachikwu, without any shadow of the doubt, typifies a man committed to bringing the Nigerian pollution riddled oil and gas sector out of the wood. Apart from his past actions that support this assertion, his recent threat at the Buyers’ Forum/stakeholders’Engagement organized by the Gas Aggregation Company []The post Gas Flaring And Kachikwu’s Threat appeared first on Leadership Newspaper.
read more…

The Imperative Of Driving Research And Innovation For Industry
Thu, 04 Oct 2018
LEADERSHIPExperts have shown direct links between efficient health system governance and promising health workers outputs, which ultimately have positive effects on overall health outcomes. However access to poor investments in research and development, quality drugs, distrust, dissensions and recurring conflicts among different professional groups in the health sector are some issues that have conspired to []The post The Imperative Of Driving Research And Innovation For Industry appeared first
read more…

An Approach To Countering Violent Extremism
Thu, 04 Oct 2018
LEADERSHIPTafakhur is an Arabic word that literally means to ponder or to reflect. In Islam (Qur’an and Hadith), its root comes from fikr-thinking and to meditate or to think deeply. It is used in numerous verses (Ayaat) in the Qur’an where man is commanded to ponder on the creation of Allah, to think deeply on []The post An Approach To Countering Violent Extremism appeared first on Leadership Newspaper.
read more…

Executive-Legislature Relationship: Need For Experienced Hands In Senate in 2019.
Thu, 04 Oct 2018
LEADERSHIPThere is no gain saying that there has been no love lost between this current leadership of the National Assembly and the Executive branch of government with each going their own way, on the journey of governance of our dear country. It is now crystal clear that the Nigerian economy and her people have had []The post Executive-Legislature Relationship: Need For Experienced Hands In Senate in 2019. appeared first on Leadership Newspaper.
read more…

PDP Delegates Shouldn’t Let Money Sway Them
Thu, 04 Oct 2018
LEADERSHIPABUBAKAR MOHAMMED is a youth leader and a die-hard member of the PDP. In this interview, he urges PDP delegates to the national convention to elect a candidate with the needed clout to wrestle power from the ruling APC. The PDP convention holding in Port Harcourt comes up this weekend, and the stakes are high. []The post ‘PDP Delegates Shouldn’t Let Money Sway Them’ appeared first on Leadership Newspaper.
read more…

Vote Buying, Electoral Fraud And The 2019 Elections
Thu, 04 Oct 2018
LEADERSHIPWith the growing trend of vote buying which is gradually becoming a new mantra in the nation’s political lexicon, TUNDE OGUNTOLA writes that all hands must be on deck to combat it for the nation to witness free, fair and credible elections next year. With the new frenzy of vote buying in a country where []The post Vote Buying, Electoral Fraud And The 2019 Elections appeared first on Leadership Newspaper.
read more…

Rivers APC ‘ll Resolve Its Crisis Before Polls ‘ Wali
Thu, 04 Oct 2018
LEADERSHIPKingsley Wenenda Wali is the leader of Rivers Unity House (RUH), a good governance advocacy group within the All Progressives Congress (APC). In this interview with ANAYO ONUKWUGHA, he speaks on a number of issues concerning good governance in the country. Don’t you think that the rivalry between Senator Magnus Abe and Rt. Hon. Chibuike []The post Rivers APC ‘ll Resolve Its Crisis Before Polls ‘ Wali appeared first on Leadership Newspaper.
read more…