Today’s Business Day Newspaper Headlines Friday 11th January 2019

Today’s Business Day Newspaper Headlines, Friday 11th January 2019

Deepening diabetes care requires awareness, say experts
Fri, 11 Jan 2019
As Nigeria battles to tackle the high number of people suffering from diabetics, health experts have linked the continuous rise of the disease to lack of awareness and ignorance of scourge in the country The medical experts say the situation of diabetes in the country has worsened largely because of persistent delays in referral to []The post Deepening diabetes care requires awareness, say experts appeared first on BusinessDay.
read more…

5,916 agropreneurs count losses as World Bank, FG delay FADAMA grant
Fri, 11 Jan 2019
For 18 months, the Federal Government of Nigeria has kept the dreams of 5,916 young Nigerians hanging, on what is fast becoming another white elephant scheme. Each beneficiary of the FADAMA Graduate Unemployed Youth and Women Support (FADAMA GUYS), an initiative of the FGN-World Bank FADAMA Additional Financing III, was supposed to get between N1.8 []The post 5,916 agropreneurs count losses as World Bank, FG delay FADAMA grant appeared first on BusinessDay.
read more…

Drug sales slump 50% as Nigerians cut spending, seek cheap substitutes
Fri, 11 Jan 2019
The economic slowdown is hitting Nigerians so hard that they now cannot afford to buy the right drugs that will cure their ailments. This has led to many people resorting to cheaper and sometimes very dangerous substitutes, causing many pharmaceutical companies who have seen up to a 50-percent fall in sales to close shop or []The post Drug sales slump 50% as Nigerians cut spending, seek cheap substitutes appeared first on BusinessDay.
read more…

Adrian Wood pushed to expose inside dealings behind 9mobile sale
Fri, 11 Jan 2019
Sources close to Teleology Holdings say accusations from local shareholders claiming the Adrian Wood-led parent company failed to meet financial and physical obligations are false and may leave them with no choice but to divulge the inside details of the acquisition of Nigeria’s fourth largest wireless carrier, 9mobile. Focus has since shifted to the identity []The post Adrian Wood pushed to expose inside dealings behind 9mobile sale appeared first on BusinessDay.
read more…

21 laws for a better 2019
Fri, 11 Jan 2019
Once again,welcome to 2019! We are in this together. As part of my contribution to your growth, here are 21 Laws to help you have a greater year. Law of purpose: As 2019 starts, take some time out to play back what you’ve achieved last year, then as a progression write down and memorize what []The post 21 laws for a better 2019 appeared first on BusinessDay.
read more…

Amid election fears, seasonal business lull may linger in Q1, Q2 2019
Fri, 11 Jan 2019
The Nigerian hospitality industry faces a spectre of rough ride in the first and second quarters of 2019, amidst growing fears over the upcoming general elections. This will be a reversal of the impressive result it achieved in the last quarter of last year, which was adjudged best for a long time in terms of []The post Amid election fears, seasonal business lull may linger in Q1, Q2 2019 appeared first on BusinessDay.
read more…

Nigeria and the debacle of budgeting
Fri, 11 Jan 2019
Another national budgeting season is in play. President Muhammadu Buhari, on Wednesday, December 19, 2018, presented to the parliament a budget of N8.83 trillion for the 2019 fiscal year. The session was characterized by such rowdiness that so rattled even the reticent President that he reminded everyone that the world was watching. The day after, []The post Nigeria and the debacle of budgeting appeared first on BusinessDay.
read more…

When Kanye met Donald
Fri, 11 Jan 2019
Recently there was a celebrated meeting in the Oval Office between the black musician Kanye West and the President of the United States of America, Donald Trump. To set the scene, while it does not happen every day, it is not totally unheard of for the ‘leader of the free world’ to meet with eccentric []The post When Kanye met Donald appeared first on BusinessDay.
read more…

Ogun revamps clinical services delivery through medical personnel trainings
Fri, 11 Jan 2019
As part of agenda setting towards improving the entire medical and clinical services delivery for the new year, the Ogun State Hospitals Management Board has organised a two-day training for senior personnel cadre of medical staff with a view to boosting morale and skills of the staff in order to improve clinical services delivery across []The post Ogun revamps clinical services delivery through medical personnel trainings appeared first on BusinessDay.
read more…

Nigeria makes World Bank’s top-three IDA debtors’ list
Fri, 11 Jan 2019
The World Bank says it is helping Nigeria to fight extreme poverty and improve the living standards of her citizens with International Development Association (IDA) credits of about $2.586 billion (N790bn) as at end of 2018. Nigeria is third in the list of IDA top country borrowers, the World Bank said in its annual report []The post Nigeria makes World Bank’s top-three IDA debtors’ list appeared first on BusinessDay.
read more…

SSA countries upped Eurobond issuance by 77% in 2018
Fri, 11 Jan 2019
Sub-Saharan Africa (SSA) economies in 2018 tapped more into the Eurobond market, increasing by 77 percent the amount they raised from offshore sources as they sought to access cheaper funds to meet domestic needs, United Capital Research says. The countries raised $18.6 billion last year, from $10.5 billion they issued in 2017, United Capital, a []The post SSA countries upped Eurobond issuance by 77% in 2018 appeared first on BusinessDay.
read more…

World Bank raises Nigeria’s growth to 2.2% in 2019
Fri, 11 Jan 2019
World Bank is expecting Nigeria’s economy to grow by 2.2 percent in 2019, assuming that oil production will recover and a slow improvement in private demand will constrain growth in the non-oil industrial sector. The current growth projection by World Bank shows a 0.1 percentage point compare to 2.1 percent forecast in June 2018. Reacting []The post World Bank raises Nigeria’s growth to 2.2% in 2019 appeared first on BusinessDay.
read more…

Ahalson, Aqua Criderio, 3 others record significant progress on back of ERGP
Fri, 11 Jan 2019
Five Nigerian businesses made substantial progress and investments in recent times on the back of the Federal Government’s Economic Recovery and Growth Plan (ERGP), the Ministry of Budget and National Planning said in a recent publication. The companies, which include three agro-based businesses, an indigenous oil company, and Nigeria’s first gold refinery, were featured in []The post Ahalson, Aqua Criderio, 3 others record significant progress on back of ERGP appeared first on Busines
read more…

Customs seizes tramadol, rice, worth over N54m in Kaduna
Fri, 11 Jan 2019
The Zone `B’ of the Nigeria Customs Federal Operation Unit, has seized three cartons of Tramadol 255 mg and 1,100 bags of foreign rice with Duty Paid Value of over N54 million in Kaduna. The Area Controller of the zone, Mohammed Sarkin Kebbi, who disclosed this while conducting Journalists round the seized items on Wednesday []The post Customs seizes tramadol, rice, worth over N54m in Kaduna appeared first on BusinessDay.
read more…

The unsustainable level of Nigerian states’ debt
Fri, 11 Jan 2019
There have been concerns raised about debt sustainability at the state government level, owning to their inability to meet certain statutory obligations such as regular salary payment to civil servants, timely payment of contractors’ fees, among others. The post The unsustainable level of Nigerian states’ debt appeared first on BusinessDay.
read more…

Nigeria foreign reserve resume decline on offshore portfolio exit, regular FX sale
Fri, 11 Jan 2019
The current peculiarity of the Nigerian economy owning from negative sentiments and low risk tolerance of offshore portfolio players has caused foreign reserve to resume decline against an uptick experienced in gross reserve by US$950 million in December to US$43.12 billion after the latest sale of FGN Eurobond which raised US$2.86bn. This was however referred []The post Nigeria foreign reserve resume decline on offshore portfolio exit, regular FX sale appeared first on BusinessDay.
read more…

2019: Shareholders task SEC, NSE on minority investors’ protection
Fri, 11 Jan 2019
Shareholders have urged the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to introduce policies that would enhance minority shareholders’ protection in 2019. The shareholders, who gave the advice in separate interviews with the News Agency of Nigeria on Wednesday in Lagos, said it would strengthen investors’ confidence. Boniface Okezie, national coordinator, []The post 2019: Shareholders task SEC, NSE on minority investors’ protection appeared firs
read more…

CCNN concludes merger with Kalambaina cement
Fri, 11 Jan 2019
On Thursday, the 9th of January 2019, Cement Company of Northern Nigeria plc completed merger with BUA group owned subsidiary Kalambaina cement. The merger is said to further boost efficiency, productivity, output and better returns of CCNN according to Abdul Samad Rabiu, Chairman of CCNN. Abdul Samad Rabiu, on Wednesday rang the closing gong on []The post CCNN concludes merger with Kalambaina cement appeared first on BusinessDay.
read more…

Union Bank shares kicks off 2019 on impressive growth as peer prices dip
Fri, 11 Jan 2019
Union bank plc, a Nigerian tier 2 deposit money bank started off the New Year on a positive note amidst sell off pressure currently witnessed in the Nigerian equities market ahead of the 2019 general elections. BusinessDay year to date (YTD) analysis of stock performance of listed banks on the Nigerian stock exchange market revealed []The post Union Bank shares kicks off 2019 on impressive growth as peer prices dip appeared first on BusinessDay.
read more…

Nigerian government transfers USD227m annually through digital payment
Fri, 11 Jan 2019
Nigerian government transferred up to USD227 million per annum through digital payment as adoption of digital payments platforms cost up to 85-95 percent less than serving the unserved and underserved in a banking hall. The Central Bank of Nigeria (CBN) disclosed this in a revised National Financial Inclusion Strategy (NFIS) released on Wednesday on its []The post Nigerian government transfers USD227m annually through digital payment appeared first on BusinessDay.
read more…