Today’s Business Day Newspaper Headlines, Thursday 14th February 2019

Today’s Business Day Newspaper Headlines, Thursday 14th February 2019

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Beyond peace accords: Nigeria needs violence-free elections
Thu, 14 Feb 2019
Between 10a.m. and 12p.m., they entered the school chanting slogans and shouting: ‘Where are the Christians that supported the ruling party” ‘When you see the mob, they were not in their senses. They had painted their faces black and were shouting that they needed ‘change’, the Congress for Progressive Change (CPC) campaign slogan. ‘The mob []
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Nigerians tighten purse before election as retailers count their losses
Thu, 14 Feb 2019
Retailers are worried the uncertainty surrounding the election, is weighing down consumers at a time when they hope to recover from the slow sales experienced from last holiday season. A BusinessDay visit to Lagos malls showed worst hit among these retailers are stores selling cards, gift packs, perfume, flower, beauty and female wares. Few store []
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Despite improved capital importation, Nigeria’s FDI leaves nothing to cheer
Thu, 14 Feb 2019
Despite relative improvement in capital importation, Foreign Direct Investment (FDI) inflow into Africa’s largest economy is worsening, according to latest data from the National Bureau of Statistics (NBS) released yesterday. This is no thanks to poor investment climate characterised by overly stringent or impromptu government policies, bureaucratic bottlenecks for securing permits, and a weak legal []
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North African countries leave Nigeria behind in job creation, poverty reduction
Thu, 14 Feb 2019
While Nigerian policymakers were sleeping, some East African countries were creating jobs and lifting millions of their population out of poverty. Egypt’s unemployment rate fell to 8.9 percent in the fourth quarter of 2018, from 10 percent in the previous quarter, for instance, while Morocco’s unemployment rate dropped to 9.8 percent in 2018, from 10.2 []
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Weak consumer spending pushes trade sector to 3 year negative growth
Thu, 14 Feb 2019
Weak consumer spending may be the major factor contributing to the three year negative growth recorded in the trade sector, according to analysts. According to the newly released 2018 National Bureau of Statistics (NBS) GDP report, growth in the trade sector recorded a three year growth to -0.63 percent in 2018 from -0.24 in 2016. []
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Amazon wooed to test Nigeria’s e-commerce waters as India unleash policy ban
Thu, 14 Feb 2019
With India taking no chances at slamming its foreign direct investment (FDI) policy hammer on the world’s largest e-commerce firm, Amazon, some who have long nursed the dream of the company making real entry into Africa’s largest economy have started amplifying their reasons. The arguments are that even though the challenges for both countries are []
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Nigeria’s dismal health statistics
Thu, 14 Feb 2019
Nigeria likes to boast of its status as Africa’s biggest economy, but its health statistics indicate the country is not only far behind its peers and other smaller countries in Africa, but it shows, in a classic way, the callousness of its politicians and government officials who go abroad to treat even common ailments while []
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Democracy as warfare
Thu, 14 Feb 2019
From a rather random discussion on how politicians treat opposition party members, we tried to narrate stories in our native tongues using the word ‘opposition’ in as friendly a term as possible but we all ran into the same brick wall: first, what exactly is opposition in our native language’ It all seemed, for most, []
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Firm to bridge training gap in aviation sector with new simulator
Thu, 14 Feb 2019
Leadstream Aviation Training, an Approved Training Organisation (ATO) has said it is studying the Nigerian market and would be bringing in a simulator to bridge the training gap that exists due to inadequate training facilities to help save airlines downtime and foreign exchange. Roland Ahmed, Leadstream’s accountable manager and executive officer said the ATO is []
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Political parties should accept outcome the election it in good faith
Thu, 14 Feb 2019
Johnson Chukwu, the CEO of Cowry Asset Management Ltd. He shares insight on how the Nigerian economy is likely to perform in 2019, the impact of the election on the country’s economy, and the reforms government needs to consider in moving its GDP growth to double digits in this interview with BusinessDays Enduranec Okafor. Excerpts: []
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Nigeria’s economy in 2018: The Good, Bad and Ugly
Thu, 14 Feb 2019
It wasn’t all gloom and doom for the Nigerian economy in 2018, but much is still left to be desired. While the economy expanded at the fastest rate since 2015, it marked the third straight year of negative per capita GDP- which implies that Nigerians are growing poorer. In addition, despite slowly picking up since []
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Nigeria posts strongest economic performance post-recession with 2.38% Q4 GDP growth
Thu, 14 Feb 2019
Nigerian government has posted the strongest economic performance after the economic recession of 2016, with the National Bureau of Statistics (NBS) latest report stating that the Nigerias real Gross Domestic Product (GDP)’ in the fourth quarter of 2018 grew by ‘2.38%. Industry watchers say the Federal Government could capitalise on this and win over lost []
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AU identifies Nigeria among severely health stressed countries
Thu, 14 Feb 2019
Nigeria has been identified as one of the severely health stressed countries in Africa at the 32nd Summit of the African Union (AU), as the country spends less on health than they should relative to their Gross Domestic Product (GDP). Healthcare delivery in Nigeria has experienced progressive deterioration due largely to weakened political will on []
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Capital Importation falls in Q4 as election risks take toll
Thu, 14 Feb 2019
Capital Importation into the Nigerian economy declined in the fourth quarter of 2018, both on a quarterly basis and year-on-year, according to a report by state-funded data agency, the National Bureau of Statistics, as investors took flight on the back of election risks. The report released Wednesday show that the total value of capital []
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SMEs should be recognised for impacting on the economy, says EGM co-founder
Thu, 14 Feb 2019
Gbite Oduneye, co-founder of Eagle Global Markets (EGM) believes that it is essential for SMEs to be recognised for their reliability, excellence and honest impact on the economy considering how they help the country generate substantial income. EGM offers a trading platform to trade over 1,000’s of financial instruments in major markets globally and earn []
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