The Nation Newspaper Today Headline Monday 2nd March 2020
The Nation Newspaper Today Headline and news Dailies Update on current affairs happening now in Nigeria today 02/03/20
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‘Deploy real sector investment to leverage population growth’
By Lucas Ajanaku Financial and economic experts have advised that if Nigeria is to benefit from the exponential growth in its population, investment in the real sector must be explored to grow the country’s economic indices. They agreed that the rapid population growth in the country might be a blessing in driving economic growth only
ITF: Skill acquisition will tame unemployment
By Toba Agboola The Director-General, Industrial Training Fund (ITF), Joseph Ari, has reiterated the commitment of the Fund to skill acquisition. He said the ITF remains the most viable and sustainable solution to taming rising unemployment and poverty in the land. This, he explained, is why the ITF is investing in training and empowerment of
‘Nigeria needs 1.2m oil palm hectares to become global leader’
By Daniel Essiet For Nigeria to become the leading producer of oil palm, she will need to plant at least 1.2million hectares of the produce yearly over the next 10 years, the President, National Palm Produce Association of Nigeria (NPPAN) Mr. Alphonsus Inyang, has said. Indonesia, which is the world’s leader in the industry, produces
Two injured as vehicle rams into FRSC office in Onitsha
By Emma Elekwa, Onitsha Two persons sustained serious injuiries in a motor accident at the bridge head office of the Federal Road Safety Corps (FRSC), Onitsha, Anambra state. The victims in an ash coloured Toyota Camry were said to have refused to be taken to the hospital. The Nation gathered that the lone accident
Bandits kill 50 in Kaduna village, raze houses
By AbdulGafar Alabelewe, Kaduna About 50 people have been reported killed by gunmen suspected to be armed bandits in Kerawa, Rago, Marina, Zariyawa, Hashimawa, and Unguwar Barau villages, all of Igabi Local Government Area of Kaduna state at the weekend. Kaduna State Police Command confirmed the incident, though no casualty figure was given
Falling crude price, COVID 19, threaten Nigeria’s N10.59tr budget, ECA
By Akinola Ajibade Following the continued slide of the price of crude oil in the international market, the country’s ability to implement this year’s budget of N10.59 trillion may be in jeopardy. For instance, in the last two months, Brent crude oil has fallen from $67 to $51 per barrel, a development that experts say
How ‘Tiny’ Netherlands feeds the world
THE population of the Netherlands is similar to that of Lagos as a government at state level. The Netherlands population stood at 17.18 million (2018) Eurostat with a land mass of 41,543 km2 while that of Lagos State is estimated at 17.5 million (2019), though the Lagos population has been subjected to dispute recently, with
UBA increases dividends to N34.2b as profit rises to N111b
By Taofik Salako, Capital Market Editor United Bank for Africa (UBA) Plc increased dividend payout to shareholders as the pan-African financial group achieved record earnings and balance sheet in 2019. Gross earnings crossed the milestone of N500 billion while total assets crossed N5 trillion for the first time. The board of the bank has recommended
How to achieve stock market stability, by Peterside
By Taofik Salako, Capital Market Editor Founder, Investment Banking and Trust Company (IBTC), Mr Atedo Peterside, has identified a low-inflation and stable macroeconomic environment as the major enabler needed to stimulate investors’ appetite and achieve a stable stock market. Speaking after he was conferred with the Honorary Fellowship of the Chartered Institute of Stockbrokers (CIS)
Verod Capital stakes N5.3b bid on Law Union acquisition
By Taofik Salako, Capital Market Editor Anglophone West Africa private equity firm, Verod Capital Management has offered N5.3 billion for the acquisition of the entire share capital of Law Union and Rock Insurance Plc in a major bid that signals the opening up of mergers and acquisitions in the Nigerian insurance industry. The board of
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