Today’s Business Day Newspaper Headlines Thursday 2nd May 2019

Today’s Business Day Newspaper Headlines

Nigeria-UK to explore naira-denominated financial instruments with the City of London
Thu, 02 May 2019
Nigeria and the United Kingdom have agreed to fast-track key regulation to deepen the insurance market, expand the digital economy and explore naira-denominated financial instruments in collaboration with the City of London. Both countries are also to endeavour to accelerate progress on franchise regulation to facilitate British brands positioning and investments that deliver sustainable new []
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OPEC+ still committed to crude production agreement
Thu, 02 May 2019
If the news emanating from Russia, a leading member of OPEC + is anything to go bye, then Nigeria and other countries who are major importers of refined petroleum products are in trouble. This because the cartel and it alliances are not prepared to added more crude to the market soon. It also means that []
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N30,000 new minimum wage implementation resonates on Workers’ Day
Thu, 02 May 2019
The Federal Government on Wednesday pledged its commitment to fully implement the new minimum wage of N30,000 recently signed into law by President Muhammadu Buhari. Many state governors in the country made a similar commitment, promising to implementthe new minimum wage as soon as the National Salaries, Income and Wages Commission worked out the guidelines []
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Innovators invited to pitch solutions for Nigeria’s malaria drugs supply chain
Thu, 02 May 2019
Xinova, a global market network of innovators, technology providers and investors from over 100 countries, has announced a project to identify breakthrough approaches to improve the timeliness, quality and visibility of data for the malaria supply chain in Northern Nigeria. With support from the Bill & Melinda Gates Foundation, Xinova is seeking innovators to reduce []
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Nigeria stock investors lost over N600bn in April
Thu, 02 May 2019
Despite earlier expectations of portfolio realignment in favour of equities market, it never happened in April at the Nigerian bourse. Rather, the market witnessed increased subdued buy sentiment leading to stocks value erosion in excess of N600 billion, amid influx of first-quarter (Q1) corporate scorecards. ‘The equity market recorded more depreciations than appreciations in the []
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Caverton Helicopters Ltd partners Ramco Aviation on digital transformation
Thu, 02 May 2019
Global aviation software provider Ramco Systems has announced that it has secured an order to digitise the maintenance and engineering (M&E) operations of Caverton Helicopters Limited, a leading aviation and marine logistics player in Nigeria. Part of the Caverton Offshore Support Group Plc, Caverton Helicopters handles Emergency Medical Evacuation and Search & Rescue operations as []
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Food prices decline in Q1 2019 on weaker purchasing power, natural conditions
Thu, 02 May 2019
Prices of twenty-four commodities including rice, tomato, yam tuber and maize, declined marginally for two straight months to March 2019, on weaker purchasing power and natural factors. For instance, the one dozen of medium-sized Agric eggs trended southwards from N469.8 in January to N459.8 in March. 1Kg of Brown Beans declined to N368.1 from N382.7 []
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Avengers’ Premier rakes N188m in debut week as Nigerians rush to see movie
Thu, 02 May 2019
T he new ‘Avengers: Endgame’ movie earned a whooping N188.2 million in ticket sales, last weekend, figures from the Cinema Exhibitors Association of Nigeria (CEAN) has showed. The movie sales in its debut weekend which started from Friday 26th, 2019 exceeded the rest of the top four movies shown which are N6.2 million from Little, []
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Modify the self-help paradigm for community development in the South East
Thu, 02 May 2019
The Umukabia community in Umuahia rejoiced Tuesday, April 23, 2019, as their solar-powered streetlights came on. They added illumination and changed the look of the city at night. All thanks to their son, Emeka Nwosu, an Abuja-based technocrat who worked to bring it about pushing through the appropriation process at the National Assembly. In December []
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Flashback 1:Our ministers; saints, sinners and noise-makers
Thu, 02 May 2019
Four years ago when the Buhari government came into power, the greatest issue of the day was the delay in the appointment of ministers and the quality of people that eventually made the list. The general understanding was that PMB spent that long time searching for people with saintly dispositions who would perfectly fit into []
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CEOs unhappy at FX, power, lending rates as business confidence stands at 51 points
Thu, 02 May 2019
The Manufacturers CEOs Confidence Index (MCCI) report released on Tuesday show that top 200 chief executives of major firms believe they are struggling with power, foreign exchange access, lending rates and regulations. The report conducted by the Manufacturers Association of Nigeria (MAN) shows that the confidence of the CEOs stands at 51.3 points in the []
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Review of bilateral investment’ treaties to ensure improved benefits for Nigeria
Thu, 02 May 2019
The Nigerian Investment Promotion Commission (NIPC) on Tuesday said its efforts to review as well as validate bilateral investment treaties entered by Nigeria with several other countries were to ensure Nigeria harvest maximum investment benefits from such bilateral trade deals. Yewande Sadiku, executive secretary of NIPC, gave the information during an interaction with newsmen on []
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Nigeria’s population crosses 200m mark, but 23.1% can’t find job
Thu, 02 May 2019
Nigeria’s population has now climbed to 201 million in 2019, figures compiled from the State of World Population Report released by the United Nations Population Fund (UNFPA) show. According to the data by UNFPA, a UN organisation that focuses on population activities around the world, more than half of Nigeria’s total population falls in the []
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CBN to embark on mop-up of mutilated naira banknotes soon
Thu, 02 May 2019
The Central Bank of Nigeria (CBN) is planning to embark on a project that would enable mop-up of the over-circulated and mutilated banknotes from circulation, its governor, Godwin Emefiele said on Tuesday. Mutilated banknote is a local currency note that is passively or permanently damaged. In other words it is a banknote that has become []
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