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BusinessDay Newspaper Today, Friday 16th November 2018

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Early investors stake claim on Nigeria’s off-grid electricity market
Fri, 16 Nov 2018
The first time people in Gbamu-Gbamu village, in Ijebu-East Central Local Council of Ogun state saw electric power was in February this year when a local renewable energy firm, Rubitec Solar built an 85kw solar hybrid mini-grid with over 100 million euros financing from GIZ, a German development agency. Like in Gbamu-Gbamu, so also in…
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Experts advise Nigerians to cut intake of antibiotics
Fri, 16 Nov 2018
Antibiotics are used far more in treatments, as Nigeria joins the rest of the world to observe the World Antibiotic Awareness Week, medical experts’ advise that urgent action is needed for citizens to reduce excessive intake of the medicines. The World Health Organization (WHO) has warned that antibiotic resistance is one of the greatest threats…
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Cancer can be avoided say specialists
Fri, 16 Nov 2018
Chukwumere Nwogu, a Cancer Epidemiologist; Thoracic surgical oncologist and chief executive officer, Lakeshore Cancer Centre and Stephen Edge, a professor of Surgery and Oncology at Roswell Park Comprehensive Cancer Centre in Buffalo, New York, USA, recently spoke to BusinessDay’s Anthonia Obokoh, on cancer management, risk factors and cost effective ways of cancer control. Excerpts: Basic…
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Oil price decline adds to unease over Nigeria’s economy
Fri, 16 Nov 2018
Crude oil prices have continued a 12 day free-fall, as fears of a supply glut mounts and oil producing countries including Nigeria are getting uneasy. Africa’s biggest oil producer relies on crude oil sales to fund its budget and is responsible for over 85 percent of the country’s revenue and a fall in revenue will…
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Coca-Cola set to exercise 100% option to buy Chi Limited
Fri, 16 Nov 2018
Atlanta headquartered beverage giant Coca-Cola Plc. has concluded plans to exercise its 100 percent option of acquiring Chi Nigeria Limited, makers of the Chivita line of products, sources familiar with the matter tell BusinessDay. Value of the complete acquisition is still unknown but in 2016, Coca Cola made initial equity investment of 40 per cent…
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Kwara pensioners call for approval of minimum wage
Fri, 16 Nov 2018
The Nigeria Union of Pensioners, Kwara State Chapter, has appealed to the state Government to approve the national minimum wage for pensioners in the state and 16 Local Government councils, to improve their well-being. The union made the plea in a statement signed by the Chairman, Saidu Iladimeji and the Secretary, Samuel lbidoja. According to…
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Child trafficking, gender equality top agenda as ECOWAS Parliament begins Session
Fri, 16 Nov 2018
The menace of child trafficking and labour, and the efforts to promote gender equality will top the agenda as the Parliament of the Economic Community of West African States (ECOWAS Parliament) commences its second ordinary session for the year from November 15 to December 14, in Abuja. A statement issued on Wednesday by the head…
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Concerns heighten on government inability to guarantee food safety
Fri, 16 Nov 2018
Agric experts have raised concerns on government’s failure to sufficiently guarantee food safety in Nigeria, amid claims that adequate measures are being taken to tackle the wrong usage of pesticides in food preservation, particularly the sniper-treated beans currently in circulation. ‘Audu Ogbeh, minister of agriculture and rural development, however, told BusinessDay that the various directors…
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Nigeria lags peers in non-oil export earnings as poor infrastructure hurts manufacturers
Fri, 16 Nov 2018
Nigeria lags behind a number of countries in non-oil export earnings as Africa’s biggest economy faces poor infrastructure slump that continues to hurt local manufacturers. South Africa, continent’s second-largest economy, earned 164.9 billion rands (about $13bn) from exporting automobiles alone in 2017, according to the 2018 Automotive Export Manual. Bangladesh, often regarded as one of…
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Kano proposes N220bn budget for 2019 financial year
Fri, 16 Nov 2018
The administration of Governor Abdullahi Umar Ganduje in Kano State has presented a draft budget estimate of N219.7 billion for 2019 financial year to the Kano State House of Assembly. The budget proposal, tagged Budget of ‘Sustainable Development,’ is lower by N27 billion than that of 2018 financial year. The presentation of the budget proposal…
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