Nigerian Newspaper: BusinessDay Headlines Today, Friday 2nd November, 2018.

Nigerian Newspaper: BusinessDay Headlines Today, Friday 2nd November, 2018.

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Pressure piles on economy as CBN pursues naira stability at high cost
Fri, 02 Nov 2018
The Central bank of Nigeria is showing it will do all it takes to keep the naira from weakening against the dollar even if comes at a cost of starving the private sector of credit or burning through the country’s external reserves at a record pace. Keeping the naira as strong as possible against the…
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

MTN sanctions create ripple effect as investors rethink Nigeria
Fri, 02 Nov 2018
The ripple effect of perceived negative regulatory actions against MTN Nigeria is spreading as investors and their representatives question whether it is still worthwhile to do business in Africa’s biggest economy. The Central Bank of Nigeria in August asked MTN Nigeria to refund $8.134 billion which it said the telecoms giant illegally repatriated. This was…
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Vitol acquires 50% of Petrobras deep-water Nigerian field for $1.4bn
Fri, 02 Nov 2018
In order to reduce debts and regain its glory days, Brazilian state-owned firm Petrobras announced it has entered into a Share Purchase Agreement (SPA) to sell a 50 percent ownership interest in Petrobras Oil and Gas (POGBV) for $1.4 billion to a consortium led by Vitol, the world’s biggest independent energy trader. Petrobras, one of…
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Ease of doing Business: OPS urge FG to prioritise institutional reforms over executive orders
Fri, 02 Nov 2018
On the heels of the latest World Bank ease of doing business 2018 ranking which saw Nigeria slip one step, some members of the Organised Private Sector, OPS have urged the federal government to focus on institutional reforms of the various government agencies rather than rely on President Buhari’s several executive orders which are yet…
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Experts see further slump in investment inflows ahead of 2019 elections
Fri, 02 Nov 2018
Nigeria’s economy faces continuous decline in investment inflows ahead of 2019 elections, some analysts who spoke to BusinessDay have said . Their projections follow recent decline in the capital importation numbers, second quarter, of 2018, and especially as cloud of uncertainties surrounding the 2019 elections increase averseness to investing in the rebounding economy. Data released…
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AfCFTA focus of discussion as Nigeriahosts Africa trade forum
Fri, 02 Nov 2018
Nigeria will on November 2, and tomorrow hosts the Africa Trade Forum 2018, as being organized by Nigeria’s Ministry of Industry, Trade and Investment, and co-organised by the United Nations Economic Commission for Africa (ECA), The Rockefeller Foundation, and the African Union Commission (AUC). The Forum will bring together stakeholders from across the continent, from…
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BIEL pushes value proposition, entrepreneurship to check human trafficking in Nigeria
Fri, 02 Nov 2018
Moved by the desire to stop the tide of human trafficking in Nigeria, Beauty in Every Life (BIEL) Foundation, a non-profit organisation focused on empowering youths, women and children, is out to provide an alternative value proposition through life skill and entrepreneurship education. This was revealed at the inaugural interactive session organised recently in Lagos…
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1 Million Teachers sign training partnership with Sterling Bank
Fri, 02 Nov 2018
1 Million Teachers (1MT) a Canadian educational technology startup, has signed a partnership agreement with Sterling Bank Nigeria to kick off a training programme for teachers in Nigeria. Also included in the partnership is the adoption of the learning curriculum by the bank. In similar vein, 1 Million Teachers had a few week ago, signed…
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Agric, power set to receive attention at maiden Nigeria, Canada Investment Summit
Fri, 02 Nov 2018
In line with the diversification mandate of President Muhammadu Buhari, non-oil sectors, agriculture, power, mining, aviation, infrastructure and financial technology are set to receive major attention at the forthcoming maiden edition of the Nigeria ‘ Canada Investment Summit. Taking place at the Shehu Yar’adua Centre, Abuja, from November 5 ‘ 6, 2018, the summit will…
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Stakeholders deliberate on supporting safe births in Nigeria
Fri, 02 Nov 2018
Nigeria’s reported high maternal and newborn deaths has been severely criticised and stakeholders in the health sector are exploring means of enhancing safe birth in Africa’s most populous nation. According to the World Health Organisation, of the more than 130 million births occurring each year, an estimated 303 000 result in the mother’s death, 2.6…
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Clinotech takes over Ibom specialist hospital
Fri, 02 Nov 2018
A new management has been engaged by the Akwa Ibom State government to take over the running of the Ibom Specialist Hospital in Uyo, the state capital. The hospital was initially managed by Cardiocare services but the state government discovered that the agreement it had was not working. Cardiocare then left the hospital with allegations…
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Lagoon hospitals conduct breast cancer walk in commemoration of awareness month
Fri, 02 Nov 2018
Lagoon Hospitals, Nigeria’s leading healthcare facility, recently conducted a Breast Cancer Walk in its immediate environs in commemoration of the International Breast Cancer Awareness Month. The goal of breast cancer awareness Walk was to raise the publics awareness for breast cancer, its detection, its treatment, and the need for a reliable, permanent cure. ‘We are…
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What helps with insomnia during early pregnancy
Fri, 02 Nov 2018
Insomnia during early pregnancy is usually due to factors such as hormonal changes. Many people experience insomnia at some point, during pregnancy. Better sleep hygiene, relaxation techniques, and cognitive behavioural therapy can help. According to a 2018 study of 486 pregnancies, 44.2 percent involved insomnia during the first trimester. The study concludes that insomnia is…
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Over 1.5m citizens benefit from Oyo free health programmes ‘ Ajimobi
Fri, 02 Nov 2018
Over 1.5million people have so far benefited from the present administration’s free health programmes across the state from 2012 till date, Oyo State Governor, Abiola Ajimobi, has disclosed. Ajimobi disclosed this during a visit by a delegation from UK-based Jesus House Mission; officials of the Access to Basic Medical Care Foundation (ABC), led by the…
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3 banks fail to meet regulatory liquidity ratio in H1 18
Fri, 02 Nov 2018
Three banks were said to have failed to meet the regulatory liquidity ratio in the first half of 2018 according to a draft first half economic report released on Thursday by the Central Bank of Nigeria (CBN). Although the names of the affected banks were not given, the liquidity ratio for commercial banks remains at…
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Dangote Sugar revenues slide in 9 months on increased smuggling
Fri, 02 Nov 2018
Earnings report of most consumer goods companies have been soft as Dangote sugar recorded declines in sales as well as its earnings, reported in its nine months results ended September 2018. The top Nigerian sugar maker saw a decrease in sales by 28 percent to N116.8 billion from N163 billion in nine months ended September….
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