Nigerian Newspaper: BusinessDay Newspaper Today, Monday 12th November 2018

Nigerian Newspaper: Business dayNewspaper Today, Monday 12th November 2018

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Buhari’s certificate storm distracts from bigger economic picture
Mon, 12 Nov 2018
President Muhammad Buhari’s certificate controversy has captured public imagination at a time when addressing fundamental questions about how to wrestle Nigeria from the claws of weakening economic performance indicators would have created more value. For the first time in two decades, the Nigerian economy contracted in 2016 with a negative growth rate of -1.58 percent…
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Onyekachukwu: Founder of Vickkypearl and Pearlie Fashion
Mon, 12 Nov 2018
Nigeria’s landscape is changing, with young people realising that entrepreneurship is the surest way of escaping poverty and financial dependence. Oke Victoria Onyekachukwu happens to be one of those young people who believe that Nigeria is a goldmine and that problem solvers are value creators. She is the founder and chief executive officer of Vickkypearl…
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LASG seeks partnership with private sector to grow economy
Mon, 12 Nov 2018
Lagos State governor, Akinwunmi Ambode on Sunday called for a broader partnership with private sector players to further grow the economy of the state. Lagos is Nigeria’s economic and business hub accounting for most of the quoted companies in the country. Lagos, according to the National Bureau of Statistics (NBS) latest figure, generated N334 billion…
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Afreximbank, UK’s CDC Group sign $100m agreement for trade
Mon, 12 Nov 2018
The African Export-Import Bank (Afreximbank) and the United Kingdom’s CDC Group Plc at the weekend in Casablanca, Morocco, signed a $100-million master risk participation agreement to support Afreximbank’s Trade Facilitation Programme. Under the terms of the risk participation arrangement, CDC will provide unfunded risk participation to Afreximbank as the Bank provides trade finance products that…
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National Assembly can’t be blamed for budget delay ‘ Olujimi
Mon, 12 Nov 2018
Senate Minority Leader, Biodun Olujimi (PDP, Ekiti State) has advised the Presidency to desist from playing politics with sensitive issues like the budgeting process. Olujimi noted that a recent statement credited to President Muhammadu Buhari, blaming the National Assembly for the annual delay in the passage of the Appropriation Act was not only unfortunate but…
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Investment in infrastructure aimed at making Kano a mega-city, says Ganduje
Mon, 12 Nov 2018
Kano State Governor, Abdullahi Umar Ganduje, has said that his administration’s multi-billion naira urban renewal programme for Kano metropolis was not only aimed at giving the state capital a facelift but upgrading it to a city comparable with modern cities around the world. ‘The programme aims to kill several birds with one stone. We are…
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BUA completes construction of 3mmt cement plant in EDO
Mon, 12 Nov 2018
Less than six months after commissioning its 1.5million metric tonnes per annum (mtpa) Kalambaina Cement Plant in Sokoto State, BUA Cement has announced completion of its newest Obu plant in Edo State, which has a capacity to churn out 3 million mtpa of cement annually. This will bring the total capacity of BUA Obu cement…
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FG bent on signing AfCFTA despite opposition from MAN
Mon, 12 Nov 2018
Despite opposition from the Manufacturers Association of Nigeria (MAN), sources from the federal government told Real Sector Watch over the weekend that Nigeria will soon join other 49 countries in the African Continental Free Trade (AfCFTA) party. One of the sources said though the government was being circumspect to ensure that it would not be…
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Livestock247 leverages technology drive herds market
Mon, 12 Nov 2018
Nigeria’s first livestock e-commerce platform,Livestock247, launches animal identification and traceability technology to compliment government’s efforts of regulating, structuring, transforming and promoting investments in the livestock sector of the economy. The platform is structured to bring together the livestock stakeholders, connecting buyers, sellers, ranchers, livestock merchants, veterinary professionals, butcheries/abattoirs, haulage and logistics companies and financial ser
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Struggling pharma industry wants implementation of Executive Order 03
Mon, 12 Nov 2018
Nigerian drug makers want the federal government to ask its ministries, departments and agencies (MDAs) to implement Executive Order 03 to drive patronage of locally manufactured medicines. Nigeria’s President Muhammadu Buhari came up with Executive Order 03 in 2017 to enhance local content and boost patronage of made-in-Nigeria goods and services. It provides that local…
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Energy360 Africa CEO sees consumer focus shaping downstream sector
Mon, 12 Nov 2018
In order to be relevant in the next era of digital transformation, firms in Nigerias oil and gas downstream sector need to be more customer centric to grow profitability. Speaking at the 12th Oil Trading and Logistics Africa Downstream Week which was a convergence of leading players in Nigeria’s oil and gas sector, Abayomi Elebute,…
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Dufil showing strength 22 years after entering noodles industry
Mon, 12 Nov 2018
If there is any Nigerian manufacturing company that has shown consistency and confidence in the economy, it is Dufil Prima Foods, also known as De United Foods Industries Limited, maker of Indomie noodles. However, Dufil’s confidence is not for nothing as it has a large customer base that has come to love the taste of…
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CBN to sanction banks for using a state code for another
Mon, 12 Nov 2018
The Central Bank of Nigeria (CBN) will sanction banks with branches within a state but continue to use state code for a different state in respect of cheque clearing system. This was contained in a circular to all banks and the Nigeria Inter-Bank Settlement System (NIBSS), released by the CBN on Friday. The CBN has…
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