Today’s Business Day Newspaper Headlines Tuesday 12th February 2019

Today’s Business Day Newspaper Headlines, Tuesday 12th February 2019

Atiku campaign gathers momentum ahead of Saturday’s election
Tue, 12 Feb 2019
The huge crowd that attended the People’s Democratic Party’s (PDP) rally on Sunday at the Sani Abacha Stadium in Kano and other previous rallies in Jigawa, Katsina, Kaduna, Sokoto and Kebbi States signals a huge shift in momentum for the PDP presidential candidate, Atiku Abubakar, who has laboured to shift the election narrative from one []
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MainOne aims to raise Africa’s digital profile with over $300 million investments in broadband infrastructure
Tue, 12 Feb 2019
Kazeem Oladepo is MainOne’s regional executive, responsible for West Africa, including Ghana and the Francophone countries. In this interview with Jumoke Lawanson, he speaks on the company’s recent partnership with Orange, the French multinational telecoms company, its plans for joint investments in cable landing stations in Cote D’Ivoire and Senegal, and Mainone’s efforts towards expanding []
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Capital Alliance, Elalan disrupt property market with $165m Blue Water Lagos
Tue, 12 Feb 2019
A major disruption is happening in the Nigerian mid-income property market with the development of Blue Water Lagos by a private equity investment firm, Africa Capital Alliance, and a construction giant, Elalan, offering what market analysts have described as exceptional value propositions. At a time when most investors are holding back investment and adopting a []
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The choice before us
Tue, 12 Feb 2019
This Saturday, the 16th of February, Nigerians will march to the polls again to elect a President for the next four years. Just as in the last election, there is a marked difference between the candidate of the All Progressive Congress (APC), and the leading opposition candidate and People’s Democratic Party’s (PDP) candidate Atiku Abubakar. []
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The primacy of reason over passion
Tue, 12 Feb 2019
If men were angels, no government would be necessary’ The Crisis in Democracy, The Atlantic, October 2018 Barely three months from now, Nigeria will be celebrating two decades of continuous democratic rule. Unfortunately, Nigerians have not benefitted much from democracy. As the country moves towards another round of elections, we have a moment in []
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South Africa: What is Malema’s game
Tue, 12 Feb 2019
In November, South Africa’s public enterprises minister Pravin Gordhan filed a complaint with the police against Julius Malema, the firebrand leader of the Economic Freedom Fighters (EFF), an ultra-leftist political party increasingly gaining ground amongst poor black South Africans. Shortly afterwards, Mr Malema filed his own charges against Mr Gordhan, calling him corrupt. Hitherto, Mr []
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Cloud: the answer to improved security, efficiency and regulatory compliance
Tue, 12 Feb 2019
Organisations are struggling to cope with the increasing sophistication of today’s threat landscape. Zero-day exploits are on the rise and insider attacks are becoming increasingly prevalent, requiring more refined analysis and real-time remediation. Security teams, already overtaxed and understaffed, are being asked to increasingly identify and prevent new threats. Fortunately, cloud technology brings a solution. []
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Nigeria misses out on countries targeted by Dubai for investment in 2019
Tue, 12 Feb 2019
Nigeria’s strength as the most populous nation in Africa, seen by many investors as a huge opportunity to tap into, could not get the country, which is Africa’s largest exporter of crude oil, into the list of countries targeted by Dubai for real estate investment in 2019. Dubai Land Department (DLD) recently launched its real []
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INEC and technical disenfranchisement
Tue, 12 Feb 2019
Thomas Jefferson, the 3rd President of the United States was quoted as saying: ”We do not have a government by the majority, we have a government by the majority who participate”. Hundreds of years later this saying still holds true. It is the majority of the total number of votes cast that determines who wins []
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President Buhari set to launch N350bn worth of promissory note to incentivise exports
Tue, 12 Feb 2019
President Muhammadu Buhari is set to launch N350 billion worth of Promissory Note for exporters next week,’ Olusegun Awolowo, executive secretary, Nigerian Export Promotion Council (NEPC), says. Awolowo says the initiative is geared towards enhancing activities of Nigerian exporters why also ensuring that Nigeria consolidates its diversification programme. A promissory note is a signed document []
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Businesses’ expectation for Nigeria’s macro economy dropped marginally by 8% for February
Tue, 12 Feb 2019
Ahead of the general elections starting in five days, Nigerian businesses from the services, manufacturing, wholesale/retail trade, to construction sectors, are less confident on the country’s macro-economic performance in February compared to January. With political uncertainty in the country’s business environment, figures compiled from the Central Bank of Nigeria’s business expectation survey on Thursday revealed []
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Nigerian stocks slump the most globally since Buhari’s emergence
Tue, 12 Feb 2019
Stocks listed on the Nigerian Stock Exchange (NSE) fell the most in dollar terms when compared with global peers in the last four years, according to Bloomberg data. The stocks are half their value today, compared to May 2015 when President Muhammadu Buhari was sworn into office as Nigeria’s fourth democratically-elected leader after the country’s []
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Trade politics major reason for rejection of Nigerian exports
Tue, 12 Feb 2019
As a follow up to President Muhammadu Buhari’s visit to Lagos State Saturday, the Federal Government on Sunday attributed trade politics among nations as one of the major reasons some of the country’s exports were facing rejections in some destination nations. This was disclosed by Adeyemi Dipeolu, special adviser to the President on Economic Matters, []
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Bargain hunting pushes NSE-listed stocks higher by N94bn
Tue, 12 Feb 2019
The value of Nigeria’s listed equities increased by about N94billion on the first trading day of this week (Monday February 11, 2019) following increased bargain hunting by both local and foreign players in the market. This record gain which further positions the equities market returns into the positive territory comes ahead of Saturday’s forthcoming presidential []
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Conoil, medview, and Lafarge, tops FDC least favourite stocks
Tue, 12 Feb 2019
Conoil Nigeria Plc, Medview Airline Nigeria Plc, and Lafarge Africa Plc are Financial Derivatives Company’s least favourite stocks as companies as election tenterhooks force investors to hold onto their money. We have decided to dig deep into the financial statement of these firms, with a view to providing investors with more information that will enable []
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Experts hinge Nigeria’s economic recovery on election outcome
Tue, 12 Feb 2019
For Nigeria’s economy to be on the part to full recovery, the outcome of the election slated for February 16 will have to be deemed successful, irrespective of whoever wins the election, according to experts last week at a breakfast business meeting organised by NASD plc. Election year in any country always finds investors holding []
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Treasury investors enjoy 560 basis point inflation premiums, at least for now
Tue, 12 Feb 2019
Treasury yields rising is a gift to fixed income investors, but rising yields is also a bane to investors who are already holding guilt instruments because it means that the market value of the instrument is declining. This is the precarious position local investors find themselves as rising yields in the last few months has []
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Analysts are upbeat on Oil and Gas firms’ full year earnings
Tue, 12 Feb 2019
Oil and gas firms are expected to deliver full year profit margin of 9.26 percent from 2.36 percent recorded in the corresponding period of 2017, according to data gathered from Bloomberg Terminal. Similarily, Bloomberg Intelligence also expects full year return on equity (ROE) of 24.59 percent as against 7.36 percent the corresponding period of []
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How to be successful at Trading Global Markets
Tue, 12 Feb 2019
When trading, the more risk you are willing to take the greater the potential reward. However, many inexperienced traders have taken this too far and it has been their downfall. Risk management is a key factor in becoming a successful Pro in Global Market Trader. According to Eagles Global Markets (EGM) an award winning brokage []
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Citi Bank analysts say Nigeria stocks to rally if Buhari loses
Tue, 12 Feb 2019
For Nigeria’s stock market which has earned the dubious reputation as the worst performing in the world, a rally could be in the offing if President Muhammadu Buhari loses this weekend’s election, according to analysts at Citigroup. A rally on the back of an election loss of the current leader could end a miserable run []
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Nigerian stocks slump the most globally in four years
Tue, 12 Feb 2019
Stocks listed on the Nigerian Stock Exchange (NSE) fell the most when compared with global peers in four years, according to Bloomberg data. The stocks are half their value in 2015, when President Muhammadu Buhari was sworn into office as Nigeria’s fourth democratically elected leader after the country’s return to civilian rule in 1999. Buhari []
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2019: The year of automation
Tue, 12 Feb 2019
We are surrounded by data, which is being constantly generated by billions of connected devices. Analyst firm, Gartner, estimates there will be 20.4 billion connected objects by 2020, all containing sensors generating data from the environment around them and the interactions they monitor and measure. This ongoing data generation, gathering and analysis is the fuel []
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