Nigerian Newspaper: BusinessDay Headlines Today, Wednesday 31 October, 2018.

Nigerian Newspaper: BusinessDay Headlines Today, Wednesday 31 October, 2018.

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FG faces N5trn revenue shortfall in 2018
Wed, 31 Oct 2018
Nigeria faces a third straight year of lower than planned revenues, as the Federal government now has barely four months to raise N5 trillion if it must meet its 2018 revenue target, according to Business Day analysis. The government could only manage N2.45 trillion in the first eight months of 2018, according to data obtained…
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Microfinance banks to lose 70% of directors to new CBN governance code
Wed, 31 Oct 2018
A new corporate governance code introduced by the Central Bank of Nigeria (CBN) for Microfinance banks (MFBs) could see about 70 percent of directors retiring in the next three years. The CBN on Tuesday released the code of corporate governance for Other Finance Institutions (OFIs) operating in the country. The OFIs are microfinance banks, primary…
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Lack of investments in LNG carrier to hurt market development
Wed, 31 Oct 2018
The rise of major emerging liquefied natural gas (LNG), buyers led by China has created the need for infrastructure investment and new shipping capacity to avoid price volatility. Continued lack of timely investments in building the LNG carrier fleet would hurt market development and security of supply much more than insufficient liquefaction capacity according to…
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Global gas prices rally unstable as buyers explore new options
Wed, 31 Oct 2018
Global gas prices, which had been rallying recently may hit a glass ceiling due to competition from other energy sources. ‘In the power sector, there are many competitors for natural gas, renewables being one of them and coal on the other side,’ Fatih Birol, executive director of Paris-based energy policy adviser the International Energy Agency,…
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Maritime security: Why Nigeria must safeguard $8bn shipping-side of oil, gas business
Wed, 31 Oct 2018
Concerns about the safety and security of the Nigerian maritime domain have been dominating discussions in the sector on account of the importance of safety to the development of the shipping industry. BusinessDay understands that Gulf of Guinea, which houses Nigerian waters, is rated as a high risk area for vessels calling seaports in West…
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Electricity tariff between N4 and N50 per kWh not cost reflective ‘ report
Wed, 31 Oct 2018
With approximately 55 percent of Nigeria’s population lacking access to electricity, the country’s current electricity tariff of between N4 and N50 per kWh is neither cost-reflective nor sustainable, Nigeria’s Mini Grid Investment report 2018, has disclosed. Authored and published by the Nigerian Economic Summit Group (NESG) and Rocky Mountain Institute (RMI), the report explained the…
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Big win for electricity consumers as DISCOs partner renewable energy companies
Wed, 31 Oct 2018
New forms of partnerships between electricity distribution and renewable energy companies is set to change Nigeria’s electricity supply industry and consumers will be better off as a result. One such partnership happened recently when the Benin Electricity Distribution Company (BEDC) took steps towards realigning its power solutions with renewable energy options and as it signed…
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Why the poor needs insurance most
Wed, 31 Oct 2018
Several times it has become issue of argument as to who needs insurance protection most. Is it the poor or the rich’. The truth is that everybody needs insurance, but the poor needs it most. A rich man that has plenty of cars in his garage may not feel it so much when one of…
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