Nigerian Newspaper: BusinessDay Headlines Today, Tuesday 30 October, 2018.

Nigerian Newspaper: BusinessDay Headlines Today, Tuesday 30 October, 2018.

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FG to begin construction of Apapa-Mile-2 Road November 17
Tue, 30 Oct 2018
Finally, frustrated and desperate residents, motorists and small business owners who have to go in and come out of the port city of Apapa, Lagos, daily may soon have reason to hope for better days as construction work on the abandoned Tin Can-Mile-2 expressway will be flagged off on Saturday, November 17, 2018. It is…
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Why the Economist expects Atiku to defeat Buhari next year
Tue, 30 Oct 2018
The prediction by the Economist Intelligence Unit that President Muhammadu Buhari will lose power in the 2019 elections to Atiku Abubakar appears to be driven by a bleak economic outlook for the country, which the Buhari administration appears unable to surmount. The collapse into economic recession by Nigeria in 2016, after over two decades of…
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Can Buhari be disqualified over failure to present a WAEC certificate
Tue, 30 Oct 2018
There have been different arguments on the eligibility of President Muhammadu Buhari to contest in the 2019 election. The eligibility issue bothers on the fact that he hasn’t been able to present his WAEC certificate. He claimed that it is with the military while the military recently disclosed that they could not find the certificate….
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Oyingbo: Lagos emerging transportation hub
Tue, 30 Oct 2018
Oyingbo, a popular commercial cum residential community in Lagos, is undergoing transformation that will see it emerge as a modern commercial and transportation hub. Oyingbo over the years had been a dirty and disorderly settlement where urchins, popularly called ‘area boys’, displayed dexterity in pilfering and harassment of commuters within and around the old (now…
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Buhari laments infrastructure decay
Tue, 30 Oct 2018
President Muhammadu Buhari on Monday lamented the level of Infrastructure decay in Nigeria, saying that his administration was doing its best to fix the infrastructure with little resources available. The President who lamented the humongous resources Nigeria received between 1999 and 2014, said it is sad that infrastructure went to rot completely within the same…
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Obasanjo blames ECOWAS leaders for non-establishment of single currency in West Africa
Tue, 30 Oct 2018
Former President Olusegun Obasanjo of Nigeria has blamed West African leaders who form decision makers in Economic of West African States (ECOWAS) for the non-establishment and implementation of single currency for the West African market to ease economic encumbrance hindering the trade in the West African sub-region. Obasanjo, who visited the two former Presidents of…
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Real estate future here as LekkiCyberville offers buyers automated community
Tue, 30 Oct 2018
Evidently, the future of real estate is here as technology is, increasingly, driving modern estate developments, leading to the delivery of smart cities, gated and automated communities where residents live in comfort, convenience and luxury by just pressing the right button. As an innovative and transformational tool, technology has taken position in the real estate…
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It is important to develop solutions that address market demands
Tue, 30 Oct 2018
Jacqueline Jumah is a digital financial services market specialist and the newly appointed managing director of Intermac Consulting, a firm focused on e-business with emphasis on e-banking and e-payment intermediation services across Africa. In this interview, she talks with Jumoke Lawanson about the company’s determination to drive Nigeria’s financial inclusion agenda with the promotion of…
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Firm advocates human-centric approach against cyber attacks
Tue, 30 Oct 2018
Forcepoint, a cybersecurity solutions provider, is advocating the use of human-centric approach by organisations to counter the devastating effects of cyber attacks on computer systems and establishments The firm insists that risk adaptive security is an effective cybersecurity strategy against the monsters aiming to destabilise the digitalised world of corporate information and communication technology. Christo…
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Implications of acrimonies between Nigerian companies and their foreign partners
Tue, 30 Oct 2018
The acrimonies between some Nigerian companies and their foreign partners are bad omens for the country. This is because the adverse consequences of such acrimonies are usually grave, especially on the much desired foreign investment inflows into the economy. The list of companies having one issue or another with their partners is long, notably LADOL…
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Money managers go bearish on oil as OPEC turns on tap
Tue, 30 Oct 2018
Money managers have slashed bets on West Texas Intermediate crude to the lowest in more than a year, with total positioning on the United States benchmark down to a level last seen in 2015 as OPEC adopts ‘produce-as-much-as-you-can-mode’ to offset sanctions on Iran. The net-long position in Brent fell 12 percent to 360,785 contracts, ICE…
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Expert sees collaboration, PPP driving FDI into Nigerian property market
Tue, 30 Oct 2018
For Nigeria to attract more foreign direct investment (FDI) into its property market, there is need for stakeholders including players, government and associations to come together with the right solution, Bill Endsley, principal, World Citizen Consulting, has said. To him, Nigerian property market has great potential and there are lots of institutional and other investors…
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Could this be the fall of the King Brewer
Tue, 30 Oct 2018
Nigerian Breweries Plc’s disappointing third quarter result shouldn’t come as rude shock to investors that have been paying close country’s macroeconomic environment, most especially, the consumer goods industry. On a quarter on quarter basis and based on the nine months ended September 2018 financial statement posted on the website of the exchange, the firm recorded…
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Banks record profit growth despite low interest income
Tue, 30 Oct 2018
Banks have recorded growth in profit even as a precipitous drop in short term government securities undermined interest income, signalling end of free money. The lenders are: Zenith Bank Nigeria Plc, Access Bank Nigeria Plc, and United Bank for Africa (UBA), First Bank Nigeria Plc, Guaranty Trust Bank Nigeria Plc, Fidelity Bank Nigeria Plc, Sterling…
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NUPENG assures of hitch-free end of year fuel distribution
Tue, 30 Oct 2018
The National Union of Petroleum and Natural Gas Workers (NUPENG) has affirmed its willingness to work closely with the Nigerian National Petroleum Corporation (NNPC) to ensure hitch-free products distributed across the country throughout the end of year festive period. National President of NUPENG, Prince Williams Akporeha, gave this assurance when he led the National Central…
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