Today’s Business Day Newspaper Headlines Friday 15th March 2019

Today’s Business Day Newspaper Headlines

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How UBA wants to redefine African flow of investment with UK launch
Fri, 15 Mar 2019
Three weeks after the UBA group launched its operations in Mali, the bank repeated the feat in London, the global financial centre where UBA UK was formally launched in the United Kingdom. This was sequel to the authorization of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority(FCA) for UBA UK Limited to carry []
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Interest rates fall further as portfolio investors flood market
Fri, 15 Mar 2019
Interest rates in Nigeria’s fixed income market have been further lowered following the influx of foreign investors after the general elections. The interest rate which the Central Bank of Nigeria (CBN) offered for the Nigerian Treasury Bills (NTB) auction on Wednesday was between 10.75 percent and 12.84 percent for the various tenor days, as against []
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Investing in agriculture was my retirement plan after 25 years
Fri, 15 Mar 2019
Yemi Lawal, MD/CEO of Xeed Business, returned to Nigeria to farm after working in the Telecoms industry in UK and other countries for 25 years. In this interview with Caleb Ojewale, she gives insights into her early mistakes, which others can learn from, and her plans to start producing Nigerian chocolates. Prior to agriculture, []
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Nigeria’s 50% drop in HIV prevalence signals progress fighting epidemic
Fri, 15 Mar 2019
A 50 percent reduction in the HIV prevalence level in Nigeria is a signal of the progress by Africa’s most populous country in the fight against the epidemic, a report released on Thursday by the government has shown. The prevalence of the epidemic in Nigeria dropped to 1.4 percent among adults aged 15-49 years, from []
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Ghana’s primary healthcare system has lessons for Nigeria
Fri, 15 Mar 2019
Nigeria can learn from Ghana’s healthcare model to increase financial protection and access to the needed health services in order to make progress towards strengthening the primary health care in achieving Universal Health Coverage (UHC). The following opportunities exist to strengthen the primary health care system in Nigeria reducing out-of-pocket payments by increasing enrolment in []
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FG’s intervention policies fail to lift moribund textile industry
Fri, 15 Mar 2019
Nigeria has developed a series of interventions to save the textile industry from extinction, but most of them have turned out to be misplaced, leading rather to the death of the sub-sector. ‘None of the interventions trickled down or lifted the sector from its present moribund state largely due to poor monitoring, implementation lapses and []
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Prospects for Africa’s industrial revolution
Fri, 15 Mar 2019
Let me express how delightful I am to be among you in this beautiful city. Rabat is unique in its character and ambience as a combination of Africa, Europe and Arabia. I am encouraged by what has been achieved in Morocco in terms of social and economic development under a forward-looking and enlightened leadership. For []
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Experts canvass more education to tackle discrimination against persons with HIV/AIDS
Fri, 15 Mar 2019
Experts in the Nigerian healthcare sector have called for more education on HIV/AIDS to enable the country achieves zero discrimination against person living with the virus. The experts who spoke at a media and youth forum organised by the Nigerian Business Coalition Against AIDS (NIBUCAA) in collaboration with Hacey Health Initiative and Access Bank in []
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Egypt’s $653m solar farm shows what Nigeria can do with sunshine
Fri, 15 Mar 2019
Egypt has taken advantage of the abundant sunshine it receives thanks to its geographic position in Africa’s largest desert, while Nigeria continues to complain about desert encroachment and power outages. The Benban Solar Park spans 36 square km of desert and includes 32 individual solar projects operated by 45 different companies. When construction ends later []
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London property market struggles as Brexit, tax take toll
Fri, 15 Mar 2019
This is not the best of times for property investors in London, among which are many buy-to-let Nigerians. The market is struggling under the weighty impact of Britain’s planned exit (Brexit) from the European Union as well as unfavourable tax regime. The dominant and significant economic, social and political discourse in London today is Brexit, []
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Nigeria, India to grow $12bn bilateral trade via increased’ investment
Fri, 15 Mar 2019
The Nigerian and Indian government are working on ways to enhance the $12 billion annual bilateral trade between both countries in a way that will focus on investment. Okechukwu Enelamah, minister of industry, trade and investment, said this while receiving the Indian High Commissioner to Nigeria, Shri Abhav Thakur. Enelamah at the meeting lauded the []
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African leaders need to prioritise continent’s growth ‘ Elumelu
Fri, 15 Mar 2019
African leaders have been challenged to prioritise the growth of the continent, and to care about humanity and welfare of the continent’s 1.2 billion population over possible selfish tendencies. Tony Elumelu, founder, Tony Elumelu Foundation, and chairman, Heirs Holdings and the United Bank for Africa, said this at the inaugural Africa Now Conference held in []
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Large cap stocks spur market’s new low
Fri, 15 Mar 2019
The Nigerian stock market furthered its negative trend on Thursday March 14, 2019, driven by values declines recorded by most largely capitalised stocks. At the sound of closing gong, no fewer than 8 stocks gained as against 20 losers. The value of listed stocks on the Nigerian Bourse decreased by N56 billion. Nestle Nigeria Plc []
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EFInA builds capacity of financial services stakeholders on Agent Networks deployment
Fri, 15 Mar 2019
The more people are included, the more they have access to financial services that will ultimately improve their leaving conditions and gradually get out of poverty. Achieving universal access to formal financial services requires pervasive and sustainable Agent Networks across nation. Many studies have revealed the importance of Agent Networks in driving access to financial []
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