Today’s Business Day Newspaper Headlines, Thursday 13th December 2018

Today’s Business Day Newspaper Headlines, Thursday 13th December 2018

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Opposition fragmentation and likelihood of defeat
Thu, 13 Dec 2018
There is a widespread acceptance that president Buhari has failed in his duties as president and instead of providing growth, renewal and change that he promised, he’s rather presided over Nigeria’s rapid economic decline, massive de-industrialisation and job losses ‘ up to nine million according to some statistics. The widespread dissatisfaction with the president and…
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Lagosians hungry for freedom as guber campaign gathers momentum
Thu, 13 Dec 2018
Theyearnings of the people of Lagos for freedom was reaffirmed last weekend when the venue of ‘Experience 13’ celebration organised by the House on the Rock Metropolitan Church in Lagos erupted in frenzy when Jimi Agbaje, the People’s Democratic Party (PDP) candidate for the 2019 gubernatorial election in Lagos State was introduced to the crowd…
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Investors eye Nigeria solid minerals fortune in new mining rush
Thu, 13 Dec 2018
Foreign and local investors are acquiring new mining sites in Nigeria to tap from a cash-spinning sector that has remained largely under-utilised and under the radar since the crude oil boom. ‘Investments, mainly from foreign companies, are taking place in the sector right now. The reason is that the mining environment is getting more attention…
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Digital technology, financial inclusion major successes for banking industry in 2018
Thu, 13 Dec 2018
Ebehijie Momoh, head of Retail Banking, Standard Chartered Bank Nigeria Limited has been in the banking industry for over 26 years, and currently holds primary responsibility for the development and execution of the Retail Banking business strategy of the bank in Nigeria. Prior to her appointment as head of RB in Nigeria, Ebehijie was the…
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Delayed 2019 budget shows signs of fiscal consolidation but doubts over execution
Thu, 13 Dec 2018
Perhaps reflective of the wild misses in 2018, the 2019 budget process, which is already well-off the usual calendar schedule for passage, looks likely to be presented either this week or next. For context, President Buhari presented the proposed budget to the National Assembly in November in 2017, but this time, he was required to…
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November records highest POS, NIP transactions in 2018 ‘ NIBSS
Thu, 13 Dec 2018
November 2018 had the highest Point of Sales (POS) activities and the Nigeria Interbank Settlement System (NIBSS) instant payment (NIP) so far since January, according to data obtained from the settlement system. According to a BusinessDay analysis of the NIBSS data, the volume of POS transactions increased by 82.6 percent to 29.4 million in November…
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Legal community in turmoil over fraud allegations against Bar president
Thu, 13 Dec 2018
Members of the legal profession have continued to react to allegations levelled against the president of the Nigerian Bar Association (NBA), Paul Usoro, SAN by the Economic and Financial Crimes Commission (EFCC). Whilst many believe that the commission is not only meddling with the affairs of lawyers, as it relates to professional fees but is…
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End of year purchases rises November’s inflation rate by 11.28%-FSDH
Thu, 13 Dec 2018
The current end of the year purchases increased marginally November’s Consumer Price Index (CPI) popularly known as inflation to 11. 28 percent from 11.26 percent in October 2018 in Nigeria, according to a forecast report by FSDH Merchant Bank Limited. ‘We expect the November 2018 inflation rate (year-on-year) to increase marginally to 11.28 percent from…
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FAAN partners banks, contractors in boost for airport finance
Thu, 13 Dec 2018
As the Federal Airports Authority of Nigeria (FAAN) looks to upgrade facilities across airports, financing has remained key to this drive. In making this a reality, the authority has entered into a fresh partnership with commercial banks and contractors. This partnership promises to encourage improved access to funding of contracts especially for Small and Medium…
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Why Nigeria’s trade sector exited recession in Q3 2018
Thu, 13 Dec 2018
The Central Bank of Nigeria (CBN) intervention in the Foreign Exchange (FX) market, improvement in profit margins of businesses, stability in prices and amongst others may be the reason for the positive growth in the trade sector, economic experts said. Johnson Chukwu, CEO, Cowry Asset Management Limited said, towards the third and fourth quarter of…
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Mini-Grids in Nigeria ‘ The three-pronged approach of investment opportunities
Thu, 13 Dec 2018
Research has shown that there is a strong correlation between economic growth and availability of affordable electric power. With Nigeria recently regarded as having the highest number of poor people in the world together with the very poor availability of electric power, we may be in more trouble than we actually realize. Unless the steps…
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Nigerian Breweries slumps to 5-year low
Thu, 13 Dec 2018
Shares of Nigerian Breweries declined 2.5 percent Monday to close at N78, the lowest in five years and a more than 62 percent decline from a peak of N191 in August 2017. BusinessDay analysis revealed that the stock is down 42 percent year to date, underperforming the All Share Index (ASI) which is down 19…
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Stock investors book N28bn loss as market fails to sustain gain
Thu, 13 Dec 2018
Investors in the Nigerian equities market recorded loss of about N28billion at the sound of trading gong on Wednesday December 12 as the market failed to sustain preceding day’s gains. In what seems like a tussle between the bulls and the bears, the market closed in the red despite that 24 stocks advanced in price…
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