Today’s BusinessDay Newspaper Headlines, Friday 14th December 2018

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Today’s BusinessDay Newspaper Headlines, Friday 14th December 2018

Why Buhari, Atiku’s job promises are unrealistic
Fri, 14 Dec 2018
Despite the massive shedding of jobs in the economy over the last three years, where a record nine million people lost their jobs ‘ and despite the doubling of the unemployment figure from 8.9 percent in the second quarter of 2015 to 18.8 percent Q3 2017, the main challengers for the presidency, Muhammadu Buhari and…
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Dying in instalments: How lead battery recyclers are poisoning Nigerians (Part I)
Fri, 14 Dec 2018
The air around Ipetoro and Ewurokun communities in Ogijo, Sagamu Local government of Ogun state, has the acrid taste of alkaline; the sky is soggy dripping with smoke rising from powerful kilns inside Everest Metals Nigeria Ltd and Monarch Steel Ltd, Indian-owned companies recycling lead acid batteries and pulverising metals in the community. Every house…
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NBS says foreign investment into Nigeria fell 47% in Q3 2018
Fri, 14 Dec 2018
The total value of capital importation into Nigeria reduced quarter-on-quarter by 47.2 percent in the third quarter of the year, the National Bureau of statistics (NBS) said in a report released Tuesday. The value of foreign investment fell to $2.9 billion from $5.5 billion in the second quarter. This shows also a 31.1 percent decrease…
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NEXIM boosts export activities in South West with N15bn
Fri, 14 Dec 2018
As part of efforts to grow the non-oil sector of the economy, the Nigerian Export Import Bank (NEXIM) has extended support to the tune of over N15 billion disbursement to exporters in the South West region, to boost export activities. Stella Okotete, executive director, business development, NEXIM, made this known during a facility tour of…
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NEXIM boosts export activities in South West with N15bn
Fri, 14 Dec 2018
As part of efforts to grow the non-oil sector of the economy, the Nigerian Export Import Bank (NEXIM) has extended support to the tune of over N15 billion disbursement to exporters in the South West region, to boost export activities. Stella Okotete, executive director, business development, NEXIM, made this known during a facility tour of…
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Axa Mansard’s Flejou calls time on 4yr stay
Fri, 14 Dec 2018
Axa Mansard, the biggest insurance company by market capitalisation on the Nigerian Stock Exchange (NSE), has announced the resignation of Frederic Flejou, a Non-Executive Director, from its Board. The shake-up did not impact on the performance of the stock after close of trade, Tuesday. In a notice sent filed with the NSE Tuesday, December 11,…
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Strengthening Nigeria supply chain system through Warehouse Visibility Project
Fri, 14 Dec 2018
An effective supply chain reduces the direct cost of providing patient care, reduces counterfeit drugs and waste, including the availability of medicines, family planning choice and vaccines. Whilst the warehousing of medicines is a critical component of the supply chain for the provision of medicines in any system, all the states in the country have…
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UBS predicts global economic deceleration, slowing company earnings in 2019
Fri, 14 Dec 2018
Although a 2019 recession looks unlikely, the recently released Year Ahead report from UBS, a Swiss multinational investment bank and financial services company, predicts that global economic growth will decelerate next year to 3.6% from 3.8% in 2018, and company earnings will grow at a slower rate. The report by UBS Global Wealth Management’s Chief…
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Increased soil contamination puts food safety, security at risk ‘ FAO
Fri, 14 Dec 2018
In marking this year’s world soil day, the FAO has stated that urgent action is needed to address soil pollution and contain the multiple threats it poses to global food safety and food security. According to FAO, thousands of chemicals, which are commercially produced on a large scale, plastic and electronic waste, non-treated wastewater can…
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AfDB, Big Win Philanthropy, Dangote Foundation launch plan to improve child nutrition, fight stunting
Fri, 14 Dec 2018
Working with Big Win Philanthropy and Aliko Dangote Foundation, the African Development Bank has unveiled a new Multi-Sectoral Nutrition Action Plan that aims at raising investments towards reducing stunting by 40 percent in African children under the age of five by 2025. AfDB in statement, stated Africa loses $25 billion per year in costs attributed…
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Bristow boosts capacity development for Nigeria Immigration Service
Fri, 14 Dec 2018
Bristow Helicopters Nigeria Limited, an aviation player in the service of Nigeria’s oil and gas has boosted human capital development as it donated two blocks of classrooms and two solar-powered boreholes to the Nigeria Immigration Training School, Kano as part of its corporate social responsibility. The company has also revealed that it will soon unveil…
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Nigeria energy sector fund grows earnings by 33.6%
Fri, 14 Dec 2018
The Nigeria Energy Sector Fund (NESF) recorded a significant growth in earnings for the year ended March 2018, thanks to lower operating costs. Earnings for the year ended March 2018 released on Tuesday showed profit after tax increased by 33.6 percent to N135.7 million compared to N101.6 million recorded in 2017. The NESF is a…
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