Today’s Business Day Newspaper Headlines Friday 1st March 2019

Today’s Business Day Newspaper Headlines

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Seven things Buhari needs to fix in agriculture over the next 4-years (1)
Fri, 01 Mar 2019
As declared by the Independent National Electoral Commission (INEC), President Muhammadu Buhari is to continue for another term of four years as Nigeria’s president. However, while his administration has like its predecessors, attempted to make agriculture a cornerstone in Nigeria’s economy, results in the last four years have not been entirely sterling. There are myriads []
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

How poor regulation threatens Nigeria’s booming N17bn IVF market
Fri, 01 Mar 2019
While Nigeria IVF market is seeing a boom, lack of regulation is creating room for quacks which endangers the sector, writes ANTHONIA OBOKOH. When Ladi Okeowo was married at the age of 28, she thought she had plenty of time to start a family. After all, she said, ‘My parents had me after 17 years []
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MFBs mull N10bn national licence ahead of CBN’s new capital requirement
Fri, 01 Mar 2019
Ahead of the full implementation of the new capital requirement for Microfinance Banks (MFBs) next year, the National Association of Microfinance Banks (NAMB) is planning to float a National MFB licence with N10 billion capital base. The move is to absorb those MFBs who may not meet the new capital requirement announced by the Central []
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Hygeia HMO launches financing for IVF treatments in Nigeria through Access Bank
Fri, 01 Mar 2019
About 20percent of Nigerian couples are involuntarily childless and cannot fulfil their dreams of a child of their own. This percentage may be even higher as the 20percent prevalence of infertility in Nigeria is for couples that are officially married. Couples facing infertility often try many different fertility boosting methods delivered by untrained providers, risking []
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Beware! Landlords, agents scamming new tenants with fake electricity bills
Fri, 01 Mar 2019
Uchenna Chibike (not real name), a marketing executive at an insurance firm, was elated when his agent took him to a two-bedroom apartment in Gbagada Phase 1, a Lagos suburb now bristling with new developments. Tarred roads, relatively peaceful area with more residential buildings than commercial ones, a good drainage system and a functional borehole []
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The tragedy of our human development
Fri, 01 Mar 2019
Poverty is a curse. It generates all manner of social evils. Poor housing and slums breed dislocated youths that become vulnerable to extreme ideologies. There is a direct correlation between hunger, unemployment and destitution on the one hand, and drugs and violent crime, on the other. There was the tragic case of the mother who []
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Banks’ profit may come under pressure as yields seen retreating in H2 2019
Fri, 01 Mar 2019
A drop in yields on short-term security in the second quarter of 2019 after a successful election could threaten banks’ profit, but cost savings and investment in retail business could see them surmount the headwinds. ‘So far, lenders have not been giving out so many loans; instead they have been packing money in government securities,’ []
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Methyl Bromide remains permissible for crop pest control in Nigeria, says NAQS
Fri, 01 Mar 2019
Contrary to some warnings noted to have been issued by the National Agency for Food and Drug Administration and Control (NAFDAC), the Nigerian Agricultural Quarantine Service (NAQS) has said the use of Methyl Bromide for crop pest control remains permissible in Nigeria. The agency in a statement provided to BusinessDay, said its attention has been []
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Leah Sharibu: A scar on Nigeria’s conscience
Fri, 01 Mar 2019
Leah Sharibu, the only teenager negotiated away by the federal government on the basis of her religion, remains in captivity while the government and the country have moved on to other important matters. In his Democracy Day speech, President Muhammadu Buhari was quick to reel out the achievement of his administration including the release of []
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Investors see clarity for Nigerian economy despite Atiku’s planned legal challenge
Fri, 01 Mar 2019
Investors will carry on with business in Nigeria regardless of the decision by Atiku Abubakar, candidate of the People’s Democratic Party (PDP) in the February 23, 2019 presidential election, to challenge the outcome of the election in court, analysts told BusinessDay on Thursday. This is because the business community is now certain of who will []
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Bank stocks in Nigeria fall most since 2016 after Buhari victory
Fri, 01 Mar 2019
Nigerian banking stocks slumped the most since June 2016 a day after the re-election of President Muhammadu Buhari, as some investors showed disappointment at the defeat of his market-friendly opponent. An index of Nigeria’s 10 largest banking stocks dropped 4.6 percent by the close in Lagos Thursday, while the country’s benchmark stocks index retreated for []
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Buhari’s re-election: Same policies, faster implementation ‘ FBN Quest
Fri, 01 Mar 2019
With president Buhari’s victory in the 2019 presidential poll, Nigerians should expect no change in policy formulation from, however a faster implementation, according to predictions by research analysts at the investment banking and asset management businesses of FBN Holdings Plc. The Independent National Electoral Commission (INEC) on Wednesday announced Nigeria’s incumbent president and candidate of []
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Ghana’s central bank bets on strong fundamentals to spur cedi recovery
Fri, 01 Mar 2019
Following the massive decline in the cedi against the US dollar by some 8.2 percent since a dovish policy stance adopted by the Central Bank of Ghana in January, its apex bank has expressed confidence in the possibility of an upturn on the back of a strong economy. Steve Opata, director of financial markets at []
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CBN resumes OMO auction, sells N1.075.85trln
Fri, 01 Mar 2019
The Central Bank of Nigeria (CBN) on Thursday resumed its Open Market Operation (OMO) auction, selling a total of N1.075.85 trillion to investors for an offer of N400 billion. At the opening of the auction, the CBN offered a total of N400 billion for various categories of tenure days but the investors oversubscribed it by []
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Analysts not bullish on FDI inflow, cite uncertain fiscal policies
Fri, 01 Mar 2019
The emergence of the All Progressives Congress (APC), led by Muhammadu Buhari as the president of Nigeria, has been perceived to bring to light the fear of further decline in Foreign Direct Investments (FDIs) following a move of the Federal Government on International Oil Companies (IOCs). Recently, Nigeria ordered IOCs to pay nearly $20 billion []
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Edo vaccinated 1,745,241 persons against yellow fever in 2018
Fri, 01 Mar 2019
Edo State government says it vaccinated 1,745,241 persons against yellow fever in 2018. The state immunisation officer, Charity Usifo, made this known in Benin City during the State Task Force Committee meeting with the deputy governor, Philip Shaibu. Usifo said 2,256,370 doses of yellow fever vaccine were supplied to the state and 1,903,170 of the []
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2019 election: Insurers seek peace, good governance to promote growth
Fri, 01 Mar 2019
As the 2019 Presidential election that returned President Mohammadu Buhari takes its toll on the economy and public discourse, insurance practitioners have called for peace and good governance. They believe that these are necessary to keep the country on the part of growth and development. Sola Tinubu, president, Nigerian Council of Registered Insurance Brokers (NCRIB), []
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World watches to see what Buhari win means for the economy
Fri, 01 Mar 2019
The world is watching to see what President Muhammadu Buhari’s election victory will mean for the economy of Africa’s largest nation, but the early verdict is uninspiring. According to Bloomberg Economics, the president election win will probably mean continued political interference in Nigeria’s economy and slower growth. Also economists at Nigeria’s FBN Quest say they []
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