Today’s Business Day Newspaper Headlines Wednesday 8th May 2019

Today’s Business Day Newspaper Headlines

Read All Newspapers in one Place - Download our App for free. DOWNLOAD

Legal fireworks begin as Presidential Election Tribunal commences sitting
Wed, 08 May 2019
Legal fireworks at the Presidential Election Petition Tribunal, where presidential candidate of the Peoples Democratic Party (PDP) in the February 23 presidential election, Alhaji Atiku Abubakar and his party are challenging the outcome of the election, will commence on Wednesday, May 8. The tribunal is now prepared to hear the petitions filed by Atiku and []
read more…

BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Investors adopt risk-proofing measures after FX crisis
Wed, 08 May 2019
Nigeria’s first economic recession in 25 years, in the second quarter of 2016, caught several investors and consumers unprepared. The attendant foreign exchange (FX) crunch left many businesses gasping for breath. ‘At times the only way to access FX was through the black market and this led to a tripling of costs in some cases,’ []
read more…

StarTimes invests $220m in Nigeria’s pay-TV market
Wed, 08 May 2019
StarTimes has invested over $220 million in Nigeria in a bid to become the market leader and offer quality digital satellite services to the citizens. David Zhang, new chief executive officer, StarTimes Nigeria, said in Lagos on Monday that the company employs over 1,000 Nigerians directly and more than 3,000 indirectly through its dealers. Zhang []
read more…

Stakeholders worried over FG’s double standard in revoking oil licences
Wed, 08 May 2019
Recent revocation of six oil mining leases by the Federal Government for non-payment of royalties is not sitting well with some stakeholders who believe this is sending the wrong signal to investors and lacks transparency. The Federal Government had reportedly revoked licences of six OMLs and one oil prospecting lease (OPL) in the onshore, shallow []
read more…

Read All Newspapers in one Place - Download our App for free. DOWNLOAD

Why politicians are to blame for upsurge in crime in Nigeria’ Umohinyang
Wed, 08 May 2019
Emmanuel Umohinyang, political analyst and social commentator was until recently, convener, Re-elect Buhari Movement (RBM), a foremost political support group that worked for President Muhammadu Buhari’s re-election. He speaks on contemporary issues, including the upsurge in crime rate and recent criticisms of the President by the People’s Democratic Party (PDP). What are your thoughts on []
read more…

PFAs intensify data recapturing to enhance pension system
Wed, 08 May 2019
Pension Fund Administrators (PFAs) have intensified efforts towards data recapturing with the view to achieving harmonized information of all Retirement Savings Account(RSA) holders under the Contributory Pension Scheme(CPS). The exercise according to Pension Fund Operators Association of Nigeria (PenOp) will enable PFAs reconcile the previous information they have about their contributors to enhance credibility of []
read more…

Why Nigeria must bridge infrastructural gaps to aid food production
Wed, 08 May 2019
As Nigeria makes efforts to ensure that agriculture plays a key role in its quest for revenue diversification, stakeholders in the sector have charged the Federal Government to bridge the infrastructural gaps to aid agribusiness development in the country and ensure food security. Indubitably, some of the greatest problems confronting rural farmers and communities in []
read more…

Toward Japan’s Economic End-Game
Wed, 08 May 2019
Ever since Shinzo Abe started his second stint as Prime Minister, Japan has focused on positive economic signals, which has sparked futile hopes, including a bad sales tax proposition. Japanese officials vow to stick to the planned tax hike in October (it has been delayed twice), barring a big economic shock. With the 2019 budget, []
read more…

Nigerian banks: Listen to Mahatma Gandhi!
Wed, 08 May 2019
In a speech in South Africa in 1890, Mahatma Gandhi most interestingly stated as follows: ‘A customer is the most important visitor on our premises. He is not dependent on us. We are dependent on him. He is not an interruption to our work. He is the purpose of it. He is not an outsider []
read more…

Nigeria faces mixed oil market outcomes as China-US trade war intensifies
Wed, 08 May 2019
Concerns that the rising China-US trade dispute could slow the global economy and that US sanction on OPEC members, Iran and Venezuela, will further tighten the oil market present Nigeria with mixed fortunes. Slower global economic growth as a fallout from the trade dispute between China and the United States of America means less demand []
read more…

Osinbajo Launches Phase Two of Trader Moni, MarketMoni in Anambra
Wed, 08 May 2019
The Muhammadu Buhari-led administration remains dedicated to lifting more Nigerians out of poverty through interest and collateral free loans, hence, the second phase of the TraderMoni and MarketMoni project has been launched. Started in 2016, the loans are targeted at small scale traders and artisans, giving them access to much needed loans that can grow []
read more…

Stock market falls further as Julius Berger, Okomu, 30 others dip
Wed, 08 May 2019
Nigerian stock market recorded further decline on Tuesday May 7, 2019 as Julius Berger Nigeria Plc led the basket of 32 laggards against just 11 advancers. At the sound of closing gong on the Nigerian Stock Exchange (NSE) 9th floor trading hall, the All Share Index (ASI) decreased by 0.34percent, while the Year-to-Date (ytd) return []
read more…