Today’s Business Day Newspaper Headlines Tuesday 26th February 2019

Today’s Business Day Newspaper Headlines

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Failure of successive governments to diversify economy is Nigeria’s major drawback ‘ Igbinidu
Tue, 26 Feb 2019
Charles Igbinidu CEO of CFO & Associates, a Reputation Management firm based in Lagos, Nigeria, is a very savvy and award-winning Public Relations practitioner with a demonstrated history of achievements working in the communications industry in Nigeria. Charles who has worked with leading corporate organizations in this interview with Daniel Obi spoke on a number []
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Reasons Trinity Towers is next destination for businesses, investors
Tue, 26 Feb 2019
Beyond the profit and dividend motive which are, of course, the hallmark of any business or investment, security of such investment is also critical. Every business or investment needs security and an environment where there is stability for it to thrive and grow. These are part of the value propositionS that Trinity Towers offers investors []
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Burgeoning furniture market finds strength in style-driven demand
Tue, 26 Feb 2019
T he evolving sense of style for cutting edge furniture products among Nigerians, prospects of growth in real estate projects around the country and foreseeable rise in population has been lending strength to the expansion of investment in furniture making, according to leading dealers. By 2020, Lifemate, a high-end focused home furnishing company will establish []
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Nigerian voters go missing as turnout heads for lowest since 1999
Tue, 26 Feb 2019
Nigerian voters are shrinking when the numbers suggest they should be growing. Between the last election in 2015 and 2019, 16.58 million Nigerians became eligible to vote for the first time, yet preliminary figures of the number of people who took part in the 2019 elections show a shrinking voter base. Some 8.34 million Nigerians []
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Distribution of prepaid meters slowed despite increased providers
Tue, 26 Feb 2019
Despite increasing the number of license companies in procurement of prepaid meters to solve the old perennial problem of estimated billing, latest data from National Bureau of Statistics (NBS) has revealed there has being little or no improvement in distribution of prepaid meters. Estimated billing is a bitter pill that most electricity consumers have been []
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EU, Commonwealth, others decry shortcomings, violence in Saturday’s election
Tue, 26 Feb 2019
The European Union Election Observation Mission (EUEOM) and the Commonwealth Election Observation Mission to Nigeria for the 2019 general elections have expressed misgivings over the conduct of Saturday’s Presidential and National Assembly elections. While the EU Observer Mission said operational shortcomings on the part of the Independent National Electoral Commission (INEC) reduced confidence in the []
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Colombia woos investors with new contract type as Nigeria delays bid rounds
Tue, 26 Feb 2019
Colombia is reviving its oil and gas sector through auctioning of oil blocks, starting February 2019 and Nigeria may learn a few things from how the Latin American country is going about it. The South American country has shifted to open-acreage license system for auctioning oil blocks, said Luis Miguel Morelli, president of the nation’s []
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Solar power now competing for lands, holds lesson for Nigeria
Tue, 26 Feb 2019
The usage of solar energy is one topic that excites Nigerian, though majorities see it as a mirage because of the cost. The reason why some discerning Nigerians are interested in it, of course, is not farfetched. Successive governments have failed woefully with regards to the provision of regular electricity. While its beginning to gather []
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Renewal of 35 major oil leases is litmus test for next president
Tue, 26 Feb 2019
Over seventy two million Nigerians who collected their PVCs will not only be determining the leader of Africa largest oil producing country they will also be determining the fate of 35 major oil blocks expiring this year. According to information available to BusinessDay, there are about 35 major Oil Mining Licenses (OMLs) that will expire []
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Nigeria, Pakistan, Togo, Zimbabwe and others rank among World’s most complex markets
Tue, 26 Feb 2019
Nigeria, Bangladesh, Mali, Pakistan, Togo and Zimbabwe have been placed amongst the countries with the highest complexity in market, operational, and regulatory, according to a 2019 Global Markets Complexity Index (GMCI) report. The GMCI report was developed by Wilson Perumal & Company, a leading international management consulting firm in partnership with the Wall Street Journal, []
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Zenith Bank Nigeria Plc: Improved operating efficiency underpins profit
Tue, 26 Feb 2019
Zenith Nigeria Bank Plc, (Zenith Bank), in its recently released audited financial statement for year ended December 2018, showed significant improvement in profitability and key performance ratios. The second largest lender in Africa’s largest economy has an excellent risk management strategy as Non Performing Loans (NPLs) stood at 4.98 percent amid a challenging operating environment. []
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Stock market gains 0.57% as focus shifts to election results
Tue, 26 Feb 2019
The Nigerian stock market opened this week on a positive note, gaining about 0.57percent despite that investors are keenly following the outcome of last weekend’s presidential and national assembly elections. The equities market closed Monday February 25, 2019 with the All Share Index (ASI) at 32,700.12 points as against the preceding day low of 32,515.52 []
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