Today’s Business Day Newspaper Headlines Thursday 21 March 2019  Latest online news from Africa including breaking news in politics, business, sports and entertainment

The folly of the middle class in Nigeria
Thu, 21 Mar 2019
One of the tragedies of a post-colony like Nigeria is the apparent refusal of leaders to be accountable and the glaring inability of citizens to hold their leaders to account.The leaders, often self-conceited and condescending towards the people they lead, are quick to take the glory for anything positive and refuse responsibility for negative outcomes. []
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Nigeria’s future generations face grim reality on low oil savings
Thu, 21 Mar 2019
The future prospects for unborn generations in Africa’s largest oil producing country are beginning to look ugly due to little or non-existing oil savings, lack of exploration of new oil fields and serial abuse of the Excess Crude Account (ECA). In an oil producing country like Norway, the government is toiling night and day to []
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Emefiele, Enelamah, others to outline reforms to shape 2019 at BusinessDay post-election outlook conference
Thu, 21 Mar 2019
With the 2019 general elections over, Nigeria’s economic managers, government officials, business leaders and other stakeholders will today gather at the BusinessDay post-election outlook conference to discuss the agenda that will drive economic growth and business confidence in Africa’s most populous country. Godwin Emefiele, governor, Central Bank of Nigeria; Okey Enelamah, minister of Industry, Tradeand []
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Low investment, rising demand spotlight opportunity in Nigeria’s N777.4bn seed market
Thu, 21 Mar 2019
There is a growing business opportunity for suppliers in Nigeria’s seed industry valued at N777.4 billion as the country has failed over the years to invest in seed production despite rising population and quest for food security. Nigeria’s seed demand is above 350,000 metric tonnes yearly, according to the National Agricultural Seed Council (NASC) estimates, []
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2019 elections: Serious matters arising
Thu, 21 Mar 2019
Anybody who thinks that the 2019 elections are over is surely a stranger in Nigeria, or is living in a dream-land or is being mischievous. The 2019 elections are far from over! Like all Nollywood movies, our elections have Parts 1 and 2. We have just finished part one which involves saying and doing all []
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Government robs Peter to pay Paul with hike in VAT rates
Thu, 21 Mar 2019
The plan by the Federal Government to finance the increase in the wage burden through a hike in consumption tax would lead to affected companies shifting burden to the final consumers in form of price increases. Analysts have suggested that the proposed hike in Value Added Tax (VAT) would dampen consumer spending in a country []
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How Nigerians groan under failed POS transactions
Thu, 21 Mar 2019
Joy Musa, 34 year old single mother of three, walked into the banking hall looking downcast and apprehensive. She told the front desk clerk that her account had been debited three times for a transaction that had not reflected on the merchant’s Point of Sales (POS). The transaction which should have been completed on the []
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Naira devaluation will hurt airlines ‘ Med-View CEO
Thu, 21 Mar 2019
Muneer Bankole, Chief Executive Officer (CEO) Med- View Airline has warned that any further devaluation of the naira will affect the earnings of airlines in Nigeria and drive some into extinction. Bankole has advised the Federal Government to map out strategies to prevent further depreciation of the naira against major currencies, especially the US dollar []
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FAAN maps out plans to boost non-aeronautical revenues
Thu, 21 Mar 2019
The Federal Airports Authority of Nigeria (FAAN) has set up a committee to map out plans to boost revenue generation for the agency, especially the non-aeronautical sources. This is as the agency said that it is going through some processes that would eventually lead to the approval of its Aviation Security (AVSEC) to bear arms []
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New N30,000 minimum wage means renewed stress on FG, states’ finances
Thu, 21 Mar 2019
With the approval of a 67 percent hike in the minimum wage for workers now behind Abuja, focus is shifting to the implication of the increase for the Federal Government and states’ finances. BusinessDay attempted to glean some insight from the last wage hike, which was in 2011, to see the impact it had on []
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Access Bank rises most in 3 months on Diamond merger close
Thu, 21 Mar 2019
Access Bank plc, a Nigerian Tier-one lender, gained the most in three months following a successful merger with Diamond Bank. Access Bank rose 9.24 percent to N6.50 at the close of trading on the Nigerian Stock Exchange (NSE) Wednesday, its biggest rise since December 17 when it formally announced the commencement of the merger. The []
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Nigeria’s finance minister reiterates commitment to capital market development
Thu, 21 Mar 2019
Nigeria’s finance minister, Zainab Ahmed says the Federal Government will continue to strengthen its efforts in ensuring the growth and development of the capital market. Zainab stated this at the maiden edition of the 2019 capital market award night, where the Securities and Exchange Commission rewarded market operators who have contributed immensely to the growth []
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NSE places Diamond Bank’s shares on full suspension
Thu, 21 Mar 2019
The Nigerian Stock Exchange Wednesday placed the shares of Diamond Bank on full suspension. The decision followed the completion of the process leading to the merger between Access Bank and Diamond Bank. Access Bank yesterday announced that it had obtained a court sanction of the merger. According Diamond, the full suspension will enable it to []
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