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Nigeria Newspapers: Today’s Leadership Newspaper Headlines [11 October, 2018].

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Stocks may follow historical sell-off path despite Q3 scorecards
Thu, 11 Oct 2018
This prognosis might be too early to churn out but it is better told that stock investors should expect negative returns this October and even November, in line with past trends. BusinessDay checks on the stock market performance in the month of October in the past five years show the Nigerian Stock Exchange (NSE) All…
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PH Court nullifies APC congresses; voids guber, assembly nominations
Thu, 11 Oct 2018
Gloom may descend on the All Progressives Congress (APC) in Rivers State as a Port Harcourt high court has nullified the nomination of Tonye Cole as the governorship candidate of the party in Rivers State on the ground that his nomination was a function of illegality and unconstitutional acts. This is according to a statement…
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2019: Atiku’s emergence will strengthen opposition, say Fasehun, Afenifere
Thu, 11 Oct 2018
Founder of the Oodua People’s Congress (OPC) Frederick Fasehun and leader of pan-Yoruba socio-cultural group, Afenifere, Reuben Fasoranti, have said that the emergence of Atiku Abubakar as the presidential candidate of the main opposition People’s Democratic Party (PDP) would strengthen the opposition in the country. Atiku, who was former Vice President of Nigeria in the…
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FG spends N460bn from 2018 budget on capital projects
Thu, 11 Oct 2018
The Federal Government on Wednesday said it has released over N460 from the 2018 national budget, which Udo Udoma, minister for Budget and National Planning, said was spent on capital projects. This is coming as Nigerian President Muhammadu Buhari on Tuesday asked lawmakers to approve the issuance of a $2.79 billion Eurobond, to help finance…
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Factoring will help Nigerian economy to blossom
Thu, 11 Oct 2018
Peter Mulroy, secretary general of FCI (previously Factors Chain International), which accounts for 90 percent of cross border factoring in the world, was on his 3rd visit to Nigeria and first time in Lagos recently. BusinessDay reached out to him and he spoke on the significance of the development of factoring and trade receivables financing…
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Dangote urges deepening of African economy through free trade
Thu, 11 Oct 2018
Foremost businessman, Aliko Dangote has in London called for conscious efforts at deepening African regional market by African investors and governments to aid rapid growth and development of the Continent’s economy. Speaking during an interview at the on-going 5th annual Financial Times African Summit, the Nigerian entrepreneur said the key to Africa’s economic growth and…
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Quickteller removes transaction cost for online bill payments
Thu, 11 Oct 2018
Interswitch Financial Inclusion Services (IFIS), trading as Quickteller Paypoint, has announced partnerships with key billers in various sectors (Betting, Energy and Electricity, Cable) companies that will enable customers transacting on its platform to conduct financial transactions at no charge. Transactions that will enjoy this new benefit include: utility bill payments, betting, wallet funding, and cable…
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FBN Nigeria Eurobond offering competitive returns to investors
Thu, 11 Oct 2018
The Nigerian investment market is rich and viable, with the money market yields relatively high and quite attractive compared to global interest rates. There has never been a better time for Nigerians, as well as foreign investors, to tap into the strength of the Nigerian investment story. The bonds market is on a strong growth…
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Mypatricia commits to improved e-commerce customers experience
Thu, 11 Oct 2018
Mypatricia, an e-commerce platform that trade unused iTunes, Amazon and google play gift cards says it is committed to providing solutions for various e-commerce customers. Fejiro Hanu Agbodje, chief executive officer, Mypatricia says the information and communications technology firm ensures that customers get credited in less than ten minutes adding that such feat has seen…
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FBNInsurance names Festus Izevbizua executive director
Thu, 11 Oct 2018
FBNInsurance has announced the appointment of Festus Izevbizua as executive director, Finance and Administration in the Company, and this has been approved by the National Insurance Commission (NAICOM) Izevbizua’s career started at the prestigious Deloitte Akintola Williams and Co. in 1991 where he was exposed to the basics of Accounting, Auditing and Risk Management. After…
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Stock market extends loss path by N13 billion
Thu, 11 Oct 2018
An additional loss of about N13billion recorded at the sound of closing gong Wednesday further proved that the bears still control stock trading on the Lagos Bourse. This fourth quarter got off to a bearish start and the stock market has continued to shed its value. The Nigerian Stock Exchange (NSE) All Share Index (ASI)…
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