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Businessday Nigeria Archive for April 2018Rss

Tuesday, April 10, 2018

CBN: Catalysing Real Sector development and ensuring price stability

Ojukwu Bunker to boost Anambra’s tourism industry

Lassa fever kills three, eight new cases confirmed in five states

How Nigeria can navigate present security challenges – experts

Lagos plans engagement of media on policies, development

CBN to finalise creation of N500bn fund for local manufacturers

CardinalStone leads $18m equity capital raise for HealthPlus

Lufthansa cancels Nigeria flights over airport strike

7.9 million PVCs still uncollected in INEC offices nationwide

Monday, April 09, 2018

BusinessDay 10 Apr 2018

Why Buhari dares Obasanjo, IBB, others to declare for re-election

The fallacy of Nigerian democracy

Ingenious AXA Mansard Insurance earns N2.01bn from Treasury bills

May and Baker’s strategies begin to bear fruit as margins improve

We did not take money from FG for tomato concentrate — Erisco Foods

America cannot stop China’s advance

Army sets up panel to probe collusion claims in Taraba State

Kachikwu clarifies under recovery statement credited to him

National Assembly to approve $1USD deduction from ECA before spending  – Presidency

FG promises to address concerns of cross border crimes

Why we are yet to commission Abuja light rail – FCT

FG confirms gradual withdrawal of donor agencies from health support

NSE: market capitalisation dips by N150bn due to profit taking

2019: OBJ to respond to President Buhari’s declaration

BoA, SunTrust sign pact to improve agribusiness in Nigeria

House of Deola to deepen competition with ‘The Komole Collection’

2019: Reactions trail President Buhari’s declaration

NASS okays HND programme for official reporters at NILDS

Why I want to contest – Buhari

Ghebreyesus, six other regional directors arrives Nigeria for global policy group meeting

Cambridge Analytica: Data of over 200,000 Nigerians on Facebook exposed

Stakeholders task FG to tackle corruption in immigration service

ICAN vows to fight mediocrity, proliferation of accountancy bodies in Nigeria

Experts explore right policies to grow real estate in Nigeria

US mission, MWF tasked Nigerian youths on leadership transformation

Buhari declares intention to contest 2019 presidential election

Moyanga joins board of Africa Franchise Centre

Nigeria’s sugar market is huge, but local players are few

NNPC’s audited account and the burden of transparency

Sunday, April 08, 2018

BusinessDay 09 Apr 2018

Consumer firms’ profit gains as price hike raise margins

Citi lends helping hand to Nigerian banks and corporates eyeing global expansion

Citi lends helping hand to Nigerian banks eyeing global expansion

Seplat navigates oil rebound better than Erin, Savannah

Shebah Petroleum drags feet on $143m loan repayment

Meet Jumoke Dada, craftsman who makes afro-urban furniture

While I was away (2): Obasanjo’s pious pontification

Spanish football league LaLiga proud to be in Nigeria     

Buhari leaves for London on official visit on Monday

Trado-medicine can fetch Nigeria billion of dollars if well packaged – Aregbesola

Lai in Offa to console families of bank robbery victims

CBN, banks plan to disburse N60bn AGSMEIS fund to vulnerable sector

NNPC says Group financial statements up to date

$1bn ECA withdrawal: Senate decries Buhari’s lack of consultation with National Assembly

New theater of crisis opens as APC NEC meeting holds Monday

Libya returnees in Edo want to go back

Shekarau, the mathematical politician

2019: APC blasts PDP’s GDI for mobilising Rivers’ people abroad for Wike

‘For 2019, there is no opposition in Akwa Ibom’

Why I should be elected Imo next governor – Njoku

Charlatans in control of Nigeria – Balarabe Musa

2019: Non-performing lawmakers must not return – Archibong

Mantu’s confession: INEC should deregister PDP, APC, SDP – Agoro

WHO marks 70th anniversary with focus on universal health coverage

‘This govt has failed; Atiku is the best option for Nigeria now’

‘Nigeria has capacity to inject $2bn for completion of Ajaokuta Steel’

Saturday, April 07, 2018

Ekweremadu and politics of ‘Nwa Chinemere’

As pro-Buhari, pro-Saraki senators spoil for war

‘Many so-called church leaders today are answering the call of their belly, not the call of God’

Our peaceful disposition should not be taken for weakness, PANDEF tells FG

Indorama: How Aleto Eleme shared N6.4bn from 7.5% host community equity payout

Rescuing Imo is a task that must be done

Nigeria as a political theatre

Niger Delta militants endorse Dokubo, new Amnesty boss

Off the Cuff: Looters’ lists as political ambush

Winnie Mandela: Heroine or villain?

Diversification through mortgage for economic growth

Nigeria’s health sector in dilemma, as donor agencies signal withdrawing support

Stock investors lose N240bn in one week

NNPC, contractors sign agreement for $2.8bn Ajaokuta-Kano gas pipeline project

Presco invests N75bn into Nigeria’s palm oil industry

Auto brokerage service provider, Import Your Car Nigeria launches in Lagos

‘LaLiga more tactical and the best league for any player ’

Experts see 10% duty on solar panel threatening access to 95m off-grid Nigerians

International Marathons Live on Kwesé Free Sports UHF 32

NEMA donates relief materials to Aba flood victims

Fayose lauds Ikpeazu’s policy on road infrastructure, education

Four more states sign into Lagos rice revolution

2018 budget, Electoral Act to top agenda as Senate resumes Tuesday

Friday, April 06, 2018

2018 Top 25 CEOs on the NSE Awards holds April 26

From Di Stefano and Ben Barek to Ronaldo and Griezmann

Okadabooks for the weekend

INEC decries nonchallant attitude to PVC collection

NSE trades 501.96m shares worth N5.85bn

APC debunks claims it secretly reached out to Reno Omokri

JP Morgan says it knew ex-minister linked to firm in Nigeria oilfield deal

NNPC will grow LPG market – Baru

Ethiopia restores mobile internet after 5-month blackout

NBA launches $300m AfDB fund for Niger Basin

ACE awards 2018 to celebrate creative MSMEs

NNPC signs contract agreements for 614km AKK Project

SureRemit moves to address token utility with mobile app

183 Lagos retirees receive N1bn pension entitlements

Nigeria loses $10bn yearly from gas flaring

NDDC trains 23,000 youths but many sell their starter packs

Obasanjo backs ICAN on accountability index

Firms partner to launch DubaiLagos workshop to support entrepreneurs

Crack in fuel nozzles causes Delta Airline’s incident – AIB

Nasarawa LGAs share N1.2bn for March – Commissioner

Boko Haram: Army gives special promotion to 3,729 soldiers

Constituents want Gbajabiamila to seek another term

World shares sink as US and China trade threats on tariffs

Nissan eyes bigger East African market with Kenya auto plant

Ghana president says plan to host U.S troops will bolster regional peace

South Africa court adjourns Zuma corruption case to June 8

Gold rises after Trump proposes more tariffs on China

Non-financial institutions to scramble for fintech’s future

Thursday, April 05, 2018

BusinessDay 06 Apr 2018

9Mobile sale: NCC Chairman’s letter to CBN causes unease about motive

Dangote Sugar’s margins improve on gradual economic recovery

Winnie Madikizela-Mandela and the meaning of history

BD INVESTIGATIVE SERIES: Efforts to resettle Libya returnees fade as many nurse ambition to go back

Ibidunni Ighodalo, Celebrating 15 years of Elizabeth R, IVF, life’s lessons

Interest rate retention: NSE All-Share drops further by 0.26%

N1.5trn social investment project a failure – Senate

FG yet to conclude on closure of mission in Ukraine – Perm Sec

ERGP focus labs achieved 80% success in 3 weeks – Osinbajo

Lassa fever hits 20 states with 142 deaths, 400 confirmed cases

PDP: APC has turned NHIS to ATM

Kachikwu confirms FG’s annual payment of 1.3 trillion ‘under recovery’ ‎on petroleum imports

We have no hidden religious agenda – Buhari

Budget: Senate queries N800m NIWA security vote

Frustration in Lagos as trucks lock-down Mile 2- Apapa road

Why we are yet to sign ECOWAS EPA – Buhari

$1bn ECA withdrawal: Commence action against President Buhari, PDP tasks NASS

Buhari congratulates new Sierra Leone President, Bio

African airlines’ passenger traffic rises by 6.3%

PDP tasks Heads of MDAs on respect for National Assembly

NLC decries delay in passage of 2018 budget

CAMA, PSMP award five organisations for combating malaria in Africa

INEC, others to hold confab on use of technology in elections

Oradian set to fast-track CBN’s 80% financial inclusion target

Dogara offers free medical treatments for 50,000 patients

Ambode 2019: LASPOSUG launches DiCE initiative

Facebook data breach hit 87m users, not 50m

Cambridge Analytica: firm tried to influence election in Nigeria with violent video

Crises in NATOP ahead of AGM as members threaten boycott, legal action

Fitch: Aircraft lessors reduce average fleet age

Nigeria relocates 3,000 IDPs to Bama after Maiduguri-Bama-Banki road reopens – IOM

PIB: Be bold in your recommendations, Baru urges consultant to N/Assembly

Julius Maada Bio sworn in as new Sierra Leone president

FBN Holdings explains delay in filing of 2017 audited statements

Wednesday, April 04, 2018

BusinessDay 05 Apr 2018

MPC eyes inflation expectations, data in decision to hold rates

Q1’18: NASD grows value, volume of securities traded

Nigeria’s fertiliser production hits 2.22m metric tonnes – NSIA

Fidson Healthcare’s organic expansion into new products delivers earnings growth

Low contributors, returning expatriates pull N22 billion from pension purse

Nigeria’s population is a huge economic advantage – BATN boss

Ogun partners FIIRO on provision of processing machines

Opposing casting veils on Buhari’s achievements – Presidency

CBN signals no rate cut in near term as elections draw close

PDP demands full disclosure on Buhari’s UK trip 

Vegetable oils: Why Nigeria is not among the leading producing countries

Railways authorities chart new strategic direction

Non passage of 2018 budget fuels MPR retention at 14% — experts

‘APC is passing through death throes, pre-election trauma’

APC crisis: Oyegun backs Buhari on tenure elongation

Benue Assembly passes 2018 budget

Nigeria’s president approves release of $1bn for military equipment

‘FG must address smuggling neighbours to tackle economic sabotage’

Nigeria economy on positive trajectory in Q1 2018

Senator Useni declares interest in Plateau governorship race

Obaseki sacks Commissioner, retires General Manager in Edo

2019 politicking may hinder airports concession, national carrier — Expert

There’s need to revisit abandoned cargo airports across the country

Why Nigeria’s high-skill citizens vote with their feet

MPC retains key interest rate at 14% yet again

PenCom clears over 4000 firms to bid for FG contracts

FG cancels FEC Again

Senator Mustapha Bukar dies at 63

“Black Panther,” 10th highest grossing movie of all time

Seven Nigerians emerge 2018 African Leadership Institute fellows

Tuesday, April 03, 2018

FIBusinessDay 04 Apr 2018

BusinessDay 04 Apr 2018

Lasaco Insurance profit slumps on reduced foreign exchange gains

BD INVESTIGATIVE SERIES: No functional tomato processor in Nigeria despite billions from FG

‘Nigeria must address seed problem, poor mechanisation to realise potential’

Hurdles hound FG’s plan to recapitalise troubled DisCos

Lagos, Delta, Rivers most indebted states in Nigeria – Report

Food processors hurt by high cost of packaging

The needless war of IPOB versus Ohaneze

Banking sector credit to private sector to grow to N16.7trn in 2018 – FSDH

TLcom Capital backs Terragon with $5m

Naspers raises $9.8 billion from Tencent stake sale

Rocket internet mute on alleged Jumia exist

Lassa Fever: PDP blames FG over Abia doctor’s death

Financial markets resume with exchange rates unchanged

FG commits over N6.3b to Federal Polytechnic, Bali

National Assembly set to transmit Federal Road Authority bill to Presidency

National Assembly seeks end to public misconception, to engage Executive, general public

Corruption tops challenges facing energy industry in Nigeria, Africa

FG raises concern over receding Lake chad basin

Smartphone prices drop over 50% in Nigeria

Challenges to Financial Inclusion in Nigeria

‘Nigeria needs to embrace international developments in agricultural productivity’

Facebook may take years to fix private user data problems – Zuckerberg

Oil prices rise due to lower U.S. drilling activity

APC chieftain faults FG on alleged looters list

Anambra govt targets triple IGR, vows to block leakages

Expectations as Ogundimu takes over as CEO at NMRC

Ogoni women group worried over delay in clean up

Skyy vodka announces DJ Big N as official ambassador

Monday, April 02, 2018

BusinessDay 03 Apr 2018

Winnie Mandela, South African freedom icon, dies at 81

Nigerian Stock Exchange taps EFCC for Milost investigation

Bill Gates’ epistle to Nigeria

The election season is on

Transcorp navigates headwind, returns to profit on improved gas supply

UPDATED: You are running a failed government, Obasanjo tells Buhari

Ban on poultry imports not enough, give farmers incentives – PANOG

Looters list incomplete without Buhari, Osinbajo, Tinubu, Fashola others – Fani-Kayode

Loot for Campaign: PDP demands proscription of APC

You are running a failed government, Obasanjo tells Buhari

Ekweremadu commends Senate on River Basins Bill

Nigeria to probe alleged Cambridge Analytica involvement in elections -Presidency

Anti-apartheid icon, Winnie Mandela dies at 81

Sierra Leone presidential candidates sign accord on results tallying

Nigeria has potential to produce 20m litres of honey annually – Expert

Kano Govt, World Bank to construct 500km rural roads

Unity Bank, Caverton lead as stocks gain N1.4trn in first quarter 2018

VAIDS: FG reviews states, private sector’s pleas for extension of deadline

LaLiga returns with Messi and Castro goals vital at top and bottom

15 killed, 55 injured in Boko Haram attack in Maiduguri

Over N300bn, $7m, £5.5m allegedly looted by serving Senators, ex-Governors, political and public office holders – FG

Sunday, April 01, 2018

N2.01bn income from Treasury Bills underpins AXA Mansard’s profit

Azura test power to cost FG N66m for January

BusinessDay 02 Apr 2018

Superstar stocks giving the best yield to shareholders

Starch, flour imports hit $654mn on low quality, technology gaps

‘Young entrepreneurs must learn how to write bankable plans’

Low household income and challenges of homeownership

While I was away (1): Atiku’s latest defection

Analysts forecast MPC to hold rate for ninth time at April meeting

Breaking News: FG releases list of looters

Nigeria’s FX reserves up 9 pct in past month -Central Bank data

Apapa Bridge to be closed for repairs, says Federal Controller of Works

Medical ethics: UK uses data from doctors to find migrants

Forex transactions rise to $4.49bn in March as External Reserves rise to $46.2bn

Presidency investigates Cambridge Analytica on Nigeria’s data hacking

PDP: Mantu never rigged elections for us

2019: PDP alleges plot to clampdown on opposition, CSOs

Easter:  APC urges  Nigerians to emulate Christ’s virtues of tolerance, sacrifice 

APC to PDP: Follow Mantu’s example, confess your sins

When Executive-Legislature rift stalls 2018 Budget approval

The tragedy of Nigeria is that we have charlatans masquerading as leaders – Balarabe Musa

Nigeria’s cargo airports – a tale of broken dreams

Desperate times in Nigeria

Easter: Pray for Leah Sharibu, Chibok girls’ safe return, peace in Nigeria – Ajimobi

Challenges of health care delivery for all ages in Nigeria (3)

Peter Obi: Emboldened by untainted record

N56bn Unity Road breeds division, controversy in Rivers

Saturday, March 31, 2018

When frustration paid a visit to Akwa Ibom politicians over number plates, tinted glasses

Atiku: Undaunted by legions of mines

Herdsmen’s menace: Ex-military officer advocates establishment of regional forces by ECOWAS countries

Apapa bridges: A reflection of what is possible in Nigeria

Ambode’s Lagos in the eyes of corps members

Lagos: The presidential visit of pain, anguish and frustration

We are coming to unlock opportunities and make life better for Imo people – Chidi Okoro

My 6-month suspension was like imprisonment – Ex-Edo speaker

Making the new Cleaner Lagos Initiative work

Financial expert urges Cross River indigenes to be wary of ponzy schemes

Queen of ‘Moi Moi’: She rose from abject poverty to great riches, recognitions

AUN, Marlboro College announce partnership on student exchange, academic cooperation

Kogi West youths pick Adeyemi for 2019 over Melaye’s alleged poor representation

Reliance HMO launches operations with affordable health insurance plans

Dizengoff to support Abia’s agric revolution programmme

GSK adds N10.50bn to market cap in one week on special dividend

The Emir of Kano on polygamy and Nigeria’s ‘missing billions’

Be creative and stay off drugs, NGO counsels youths