Today’s Business Day Newspaper Headlines, Friday 7th December 2018

Today’s Business Day Newspaper Headlines, Friday 7th December 2018

Freedom, democracy: What Agbaje promises Lagos
Fri, 07 Dec 2018
The political campaign poster of Jimi Agbaje, the People’s Democratic Party (PDP) governorship candidate in Lagos State, which has flooded many parts of the state since Saturday, December 1, has a bold inscription above his picture placed side by side with that of his running mate, Halimat Oluwayemisi Busari. It says: ‘Freedom, Democracy, Lagos’. The… 
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What Atiku, Secondus, Saraki told Kwara people
Fri, 07 Dec 2018
Nigerians have been warned to guide against the plans by APC to buy permanent voters cards from people, describing it as a way of perpetrating electoral fraud. The People’s Democratic Party (PDP), presidential candidate, Atiku Abubakar who stated this in Ilorin on Wednesday at the party’s campaign, lamented that the nation has gone worse under… 
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Nigeria needs a president with clear blueprint on solving Apapa jigsaw
Fri, 07 Dec 2018
As the 2019 general elections draw nearer, presidential candidates of various political parties must present blueprints on solving the big challenge of Apapa gridlock. About 5,000 trucks seek access to Apapa and Tin Can ports in Lagos every day, according to a latest maritime report released on Tuesday by the Lagos Chamber of Commerce and… 
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Reps call for approval of $2bn to complete Ajaokuta Steel company
Fri, 07 Dec 2018
Nigerias House of Representatives has called on President Muhammadu Buhari to demonstrate required political will with the approval of $2 billion for the completion of two percent of the external rail system, access road and mining sites within the Ajaokuta Steel Complex. The House also urged President Buhari to use the multi-million dollarsrecovered from the… 
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Prominent Benin residents support Obaseki’s call for withdrawal of BEDC operating licence
Fri, 07 Dec 2018
Worried by the continuous power failure in the Benin City metropolis, Benin Indigenous People Assembly (BIPA) on Wednesday, thrown its weight behind the state government demand for the immediate withdrawal of operational licence granted the Benin Electricity Distribution Company (BEDC). The pressure groups demand was contained in a statement signed by West Ehiogie West-Idahosa and… 
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Anambra proposes N157.1bn for 2019 budget
Fri, 07 Dec 2018
Governor Willie Obiano of Anambra State has presented a budget of N157.1 billion for the 2019 fiscal year, titled ‘Budget for sustained economic growth and youth empowerment’ to the Anambra State House of Assembly. The budget is against N166.9 billion presented in the 2018 fiscal year, which represented a 44 percent increase on the 2017… 
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Ease of doing business yielding positive results ‘ Enelamah
Fri, 07 Dec 2018
Minister of industry, trade and investment, Okechukwu Enelamah, has reiterated the commitment of the Buhari Administration on the promotion of the Ease of Doing Business in Nigeria. He maintained that the Presidential Enabling Environment Council (PEBEC) launched in 2016 by this government had been working assiduously to remove constrain and bottlenecks in doing business in… 
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How to improve healthcare delivery in Nigeria, by experts
Fri, 07 Dec 2018
Nigeria is currently ranked 187 out of 191 countries in the world’s health systems, according to the World Health Organisation. This low ranking for the country obviously reflects the state of the nation’s healthcare sector. This sector is characterised by such problems as insufficient budgetary allocation, decayed infrastructure, low universal health insurance coverage, among others…. 
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Lack of reliable data limits investment prospects in agribusiness
Fri, 07 Dec 2018
Making investment decisions is largely data driven, but in the current setup of Nigerian agriculture, the possibilities in that regard are very limited. To start with, any investment in Nigeria’s agribusiness would need absolute clarity on the status of local food production as well as importation. Knowing what gaps exist is the feasible way of… 
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BPE, NDPHC move to conclude sale of Geregu, Omotosho, Calabar NIPPs
Fri, 07 Dec 2018
The Bureau of Public Enterprises (BPE) and the Niger Delta Power Holding Company (NDPHC) has begun moves to conclude the sale of three out of 10 power plants under the National Integrated Power Projects (NIPP), in the first phase of its power privatisation programme. According to documents seen by BusinessDay, the two agencies propose a… 
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Transforming the African agribusiness sector: Tech, transparency hold key to inclusive growth
Fri, 07 Dec 2018
According to experts, the African population is expected to double by 2050, which means that food demand on the continent is expected to at least double by then. Beyond feeding the population, the social and economic benefits induced by the increase in production and productivity in Africa are obvious. This increase in production would create… 
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What types of pain can HIV cause
Fri, 07 Dec 2018
Experiencing pain is common among people living with HIV. Types of HIV-related pain can include headaches, joint pain, and abdominal cramping. Pain can have a profound, negative impact on peoples overall quality of life. One study revealed that people with HIV were more likely to experience pain than those without HIV. The researchers also found… 
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Global brand announces $50,000 African innovation challenge at FAMSAGA 2018 healthcare conference
Fri, 07 Dec 2018
In line with the theme ‘Repositioning Healthcare in Africa for Sustainable Development’, global brand Johnson & Johnson announced the Africa Innovation challenge second edition at the 32nd assembly of the Federation of African Medical Students’ Associations General Assembly (FAMSA GA). The week-long conference which also celebrated the 50th anniversary of the federation held from the… 
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Investors on NSE lost N581bn in November
Fri, 07 Dec 2018
Market capitalisation of Nigerian Stock Exchange (NSE) was down month-on-month in November by 4.9 percent, meaning the net worth of investors on the nation’s bourse dropped in the period. Sell-off pressure resulting from the uncertainties around the forthcoming 2019 election coupled with the Yuletide celebrations is said to have slowed NSE market cap to N11.271… 
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Nigeria’s Exchange Traded Products space records growth
Fri, 07 Dec 2018
Nigeria’s Exchange Traded Products (ETPs) space has grown steadily by a cumulative average growth rate of 8 percent over the last 4 years, said Oscar Onyema, Chief Executive Officer, Nigerian Stock Exchange (NSE). Onyema said the cross-listing of ABSA’s Newgold Exchange Traded Fund (ETF) on the Nigerian Stock Exchange in December 2011 opened up the… 
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Investors swoop on FCMB’s shares on Q3 stellar performance
Fri, 07 Dec 2018
The market has reacted positively to First City Monument Bank) Plc’s stellar performance in the third quarter as they swoop on the shares of the lender. Lender’s share price gained 9.85 percent to close at N1.45 as at 2:00 pm in commercial city Lagos, while its market capitalization stood at N28.71 billion. The result was… 
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Total, Forte Oil’s gross profit margin beats industry average
Fri, 07 Dec 2018
Now that the Nigerian National Petroleum Corporation (NNPC) is the sole importer of petroleum, it means that downstream oil and gas firms will have to cut costs to bolster future profit. In the light of the above, we have decided to drill down the books of firms to ascertain the profitability ratios or how they… 
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Snap shot of insurers Q3 ROE
Fri, 07 Dec 2018
It is clear that insurer’s return on equity are ebbing, with added pressure from low investment returns, and premium growth that is failing to keep pace with cost trends all impacting the profitability of the sector. Additionally, the combinations of rising claims expenses brought on by the effect of pricing and exposure to the oil… 
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