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Today’s Businessday Newspaper Headline, Monday 26th November 2018

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Kingsley Moghalu’s vision for Nigeria
Mon, 26 Nov 2018
Kingsley Moghalu is a political economist, lawyer, former United Nations official, former deputy governor of the Central Bank of Nigeria and professor of International Business and Public Policy at the Fletcher School of Law and Diplomacy, Tufts University. He is the presidential candidate of Young Progressive Party (YPP). Moghalu recently released a book, downloadable for…
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FG running out of cash as MDAs feel the pain
Mon, 26 Nov 2018
The Federal Government is finding it difficult to raise money to fund its operations and its various ministries, departments and agencies (MDAs) are beginning to feel the pain. Sources told Business Day that most federal government agencies are operating on shoe-string budgets, struggling to pay salaries and have not accessed more than 10 percent of…
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Naira falls as Brent crude hits one-year low
Mon, 26 Nov 2018
The Nigerian naira fell against the US dollar over the weekend as Brent Crude, the international benchmark was down 5.9 per cent to $58.9 a barrel, its lowest point since October 2017. From its most recent peak in October, it has fallen more than 30 per cent. A visit to the Murtala Mohammed International airport…
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Damilare Ogunleye: Promoting brands through technology
Mon, 26 Nov 2018
Every entrepreneur in Nigeria has a unique story to tell and usually an inspirational one of how his or her own personal entrepreneurial journey started. For Damilare Ogunleye, CEO and co-founder of Lasiko Limited, his inspiration came when he identified a market potential in merchandising brands. ‘In America and Europe, movies and musical artistes rake…
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Hello IMF ‘ Nigeria calling soon
Mon, 26 Nov 2018
One of the toughest decisions whoever wins the 2019 presidential elections will have to make is to decide when to put a call through to the International Monetary Fund (IMF). The IMF is not much liked on Nigerian streets but there is a high chance that we will have to call them in next year…
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Analysts question Atiku’s ambitious GDP target
Mon, 26 Nov 2018
Motivated by the growth potential of the Nigerian economy, Atiku Abubakar, former vice president of Nigeria and presidential candidate of the People’s Democratic Party (PDP) showed optimism about the country achieving a 125 percent growth in real GDP size by 2025, compared with the estimated year-end (2018) size of US$400 billion. This was stated in…
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Afreximbank to grow loan book to $10bn by year end
Mon, 26 Nov 2018
In line with its strategic and business plans, the African Export-Import Bank (Afreximbank), a multilateral trade finance institution, established in October 1993, will continue to grow its loan book to over $10 billion by the end of the year, from the current loan balance of $9.5 billion. The Bank on Friday released its unaudited financial…
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How Nigerians’ penchant for everything foreign is stifling economy
Mon, 26 Nov 2018
It is sad that Nigeria’s foreign exchange earnings pall into insignificance when compared with the real needs facing the country. Even sadder is the penchant for anything foreign that is being exhibited by our leaders. This puts undue pressure on the foreign exchange market in the country. Take for instance, the much talked about medical…
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Olam, Tulip,De-United Foods, Rubber Estates shining amid export challenges
Mon, 26 Nov 2018
Olam Nigeria,Tulip Cocoa Processing Limited, De-United Foods Industries Limited andRubber Estates Nigeria Limited are among export-shining industries that have defied Nigeria’s tough environment to expand offshore operations. These firms are bringing the much needed foreign exchange into Nigeria despite near absence of government support. At the moment, the Export Expansion Grant (EEG), which could have…
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Juhel: Source of hope for struggling pharma industry
Mon, 26 Nov 2018
Anambra State-based Juhel Nigeria is a source of hope for the struggling pharmaceutical industry. The company is consistently investing in new infrastructure to provide quality drugs for Nigerian consumers and get the World Health Organisation (WHO) prequalification necessary for international competition. The drug maker recently introduced Oxytocin injection for pregnant women, the first of its…
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NCDC confirms yellow fever outbreak in Edo
Mon, 26 Nov 2018
The Nigeria Centre for Disease Control (NCDC) has confirmed an outbreak of the yellow fever in Edo State. In a statement signed by Chikwe Ihekweazu, chief executive officer (NCDC) as at November 21, nine persons had tested positive to yellow fever in four local government areas (LGAs) in Edo State following its recent outbreak. The…
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Habits that can trigger mental illness
Mon, 26 Nov 2018
Some mental illnesses have been attributed to habits formed overtime due to unhelpful lifestyle patterns, mental health specialists have said. In an interview with Richard Adebayo, a consultant psychiatrist and clinical psychologist at Federal Neuropsychiatric Hospital Yaba said every decision and action people take as they go about their daily lives impacts mental wellbeing. This…
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11 Plc relaunches aviation fuel business
Mon, 26 Nov 2018
11 Plc is pleased to announce it has recommenced the sale and marketing of aviation jet fuel (ATK) at the Muritala Mohammed International Airport and General Aviation Terminal (GAT-Domestic), in collaboration with Air BP. The company’s aviation business which has been inactive for the past five years is being revitalised in the wake of the…
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UNESCO proposes establishment of ICT hub in Abuja
Mon, 26 Nov 2018
The United NationsEducational, Scientific Cultural Organization, UNESCO has stressed the need to establish Information and Communication Technology, ICT in the Federal Capital Territory, Abuja where youths could come for refresher courses and follow-up exercises in ICT. Ydo Yao, UNESCO Regional Director for West Africa and Country Representatives for Nigeria stated this when he paid a…
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Punch Newspaper Today, Friday 23rd November 2018

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