Today’s Business day Newspaper Headlines, Thursday 27th December 2018

Today’s Business day Newspaper Headlines, Thursday 27th December 2018

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FG’s agricultural investments fail to show in GDP growth
Thu, 27 Dec 2018
The Federal government’s claim of funding in the agricultural space is yet to have as much impact in lifting the sector to its 2016 level, when falling oil prices alongside restlessness in the Niger Delta region made the country look towards the sector as its only redemption. Since the country exited recession in the second…
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Closure of P&G $300m Agbara plant mirrors challenges of manufacturers in 2018
Thu, 27 Dec 2018
The shut-down of Procter and Gamble’s $300 million consumer goods plant in Agbara in July reflects the challenges faced by manufacturers in the outgoing year. In 2014, P&G set up a diaper line in Agbara, Ogun State, tapped as the biggest US non-oil investment in Nigeria. Four years down the line, the company packed up,…
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UPDATED: MTN to focus on Nigerian IPO after settling dispute with CBN
Thu, 27 Dec 2018
There are indications that the MTN Group will now focus on listing its Nigerian subsidiary on the Nigerian Stock Exchange (NSE) now that it has settled its US$8.1 billion dispute with the Central Bank of Nigeria (CBN). The CBN had in August sanctioned MTN Nigeria Communications Limited, and four commercial banks for what it called…
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Let God decide who becomes Ogun next governor, Obasanjo tells Amosun
Thu, 27 Dec 2018
Former President Olusegun Obasanjo has told Governor Ibikunle Amosun to thread softly and allow God Almighty to decide for Ogun state on who become next governor of the state, the outgoing governor should be planning to support whoever emerges rather than working to install a successor. BusinessDay reports that while the governor is working to…
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All set for APC’s presidential campaign launch in A/Ibom
Thu, 27 Dec 2018
All is now set for the launching of the All Progressives Congress (APC) presidential campaign for the south south zone in Uyo, Akwa Ibom State on Friday. President Muhammadu Buhari who is seeking re-election for a second term as guaranteed by the 1999 constitution as amended is expected to lead the campaign as the flag…
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BusinessDay 27 Dec 2018
Thu, 27 Dec 2018
BusinessDay 27 Dec 2018
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FG’s 2019 revenue projections shaky as oil prices drop to US$53.01 per barrel
Thu, 27 Dec 2018
Revenue projections in Nigeria’s 2018 budget proposal is already falling apart as Brent Crude oil price continuous to drop. Brent crude was trading at US$53.01 on Wednesday evening after initially dropping below the US$50 mark earlier in the day, sending panic through the oil market. On Wednesday morning, Brent Crude was trading at US$50.79 per…
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One Lagos fiesta kicks off with Star lager
Thu, 27 Dec 2018
The 2018 edition of the annual One Lagos Fiesta in conjunction with Star Lager, officially kicked-off on Monday 24th December, 2018 at five designated locations in Lagos State. The eight day, non-stop, celebration and star-studded fiesta is aimed at ushering in the new year as consumers get to witness concerts from leading Nigerian musicians including…
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With weaker climate consensus, expect elevated climate change
Thu, 27 Dec 2018
As representatives from more than 100 countries debated climate change in the COP24 the 24th UN climate change conference ‘ held in Katowice, Poland, the outcome could only be divisive. In the past, collective consensus by major economic powers U.S., the EU, Japan and China fueled success. Now the planned withdrawal of…
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Is NNPC correct that 25m litres of Nigerian petrol are smuggled out daily
Thu, 27 Dec 2018
Unlike 2017, the Christmas holidays have proceeded without long fuel queues that usually mar the period. But this has come at a huge cost. Since March this year, the Nigerian National Petroleum Corporation has maintained that daily consumption of petrol has risen to more than 60 million litres per day but 42 percent of this…
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Lack of continuity in government policies behind implementation failure
Thu, 27 Dec 2018
Nigeria vis–vis other developing nations shares a common characteristic of poor implementation of public policies. Policy implementation failure is undoubtedly a threat to sustainable development. Going by World Bank latest report on Country Policy and Institutional Assessment for Africa (CPIA), an annual diagnostic tool that assesses the quality of policies and institutional framework as well…
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Commuters paid higher fares for bus, motorcycle in November 2018
Thu, 27 Dec 2018
Commuters, on the average, paid higher transport fare on journey by bus (within and intercity) and motorcycle in November 2018 compared to the same month of the previous year, according to figures released by the National Bureau of Statistics (NBS). The transport fare report showed that the average fare paid by commuters for bus journey…
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We’re using arts, entertainment to grow Lagos GDP ‘ Ambode
Thu, 27 Dec 2018
Lagos State governor, Akinwunmi Ambode, has stated the commitment of his administration to continue to play up the arts and entertainment industry to grow the economy and positively engage the youth, saying the sector remains a veritable platform to improve the Gross Domestic Product (GDP) of the state and Nigeria. Ambode spoke at the performance…
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Rivers budgets N480bn for 2019, set for minimum wage
Thu, 27 Dec 2018
Governor Nyesom Wike of Rivers State has rolled out the state’s 2019 budget of N480 billion, less than the N510 billion of 2018. The budget provides for the new minimum wage should the National Assembly pass it, as the governor said there was no going back on the controversial state security outfit for which he…
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What a Facebook cryptocurrency could look like
Thu, 27 Dec 2018
Social media giant, Facebook is said to be building a cryptocurrency targeting global payment space. The digital currency, will focus on small payments in India says a Bloomberg report. Facebook’s ambition to place a stake on global payment system has been an open secret since 2014 when the company hired David Marcus a former…
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EU’s General Data Protection Regulation to affect Nigerian organisations
Thu, 27 Dec 2018
Nigerian companies are likely to be negatively impacted by the European Union’s (EU) General Data Protection (GDPR) if adequate sensitisation is not carried out, data experts say. Experts at Hitachi Vantara, a data storage system provider, say Nigeria must abide by the directives of the GDPR law since it hosts data of different nationals…
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Ecobankpay offers special end of year discount to shoppers
Thu, 27 Dec 2018
Ecobank Nigeria Limited has announced special discount for shoppers using the Ecobankpay option to pay for their goods and services during the yuletide. Ecobankpay is a most convenient digital QR code that enables payments using the mobile phone, without the need for a plastic card. The uniqueness of the EcobankPay is that it has MasterPass,…
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Nigerian stocks record biggest daily rise in almost 3 years
Thu, 27 Dec 2018
Nigerian equities gained the most in a day on Monday in almost three years, driven by gains in two banks, consumer goods, and oil and gas companies. The All-Share Index gained 3.88 percent to 31,967.01 points at the close of trading in Lagos, cutting the year-to-date loss of the Nigerian Stock Exchange (NSE) to -16.41…
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