Breaking News in Nigeria Today Monday 12th April 2021
Here are some of the Breaking News in Nigeria Today Monday 12th April 2021 on some of the nation newspapers .
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Portland Paints: Rising costs hurt bottom-line
Weak macro-economic environment and its multiplier effects on business operating environment is taking a toll on profit margin of Portland Paints and Products Nigeria Plc. CHRIS UGWU writes The marketing environment has continued to be more turbulent in Nigeria, especially the manufacturing sector, due largely to the effect of international oil price fluctuations and
IMF’s growth forecast amid social realities
For years now, Nigeria has remained one country that frequently defies most socio-political predictions and economic projections, especially when they tend to be negative. At the point the polity is assumed to be hitting the precipice, it turns 360 degrees to prove such forecasts wrong. How long this luck will last is for now
Buhari, Nigeria’s healthcare and COVID-19 remedies (2)
Finding a drug or vaccine for the treatment and prevention of COVID-19 was unrealized early on due to several factors, chiefly the relatively unknown nature of the virus, and the fact that drugs and vaccines cannot be produced overnight. Producing drugs andvaccinestake time becausetheyhave to undergo clinical trials, which, in the case of a vaccine,
NSE: Equities close week bearish with 0.13% loss
Stories, Chris Ugwu Trading activities at the equities market finished last week on the negative route as the NSE All-Share Index and Market Capitalisation depreciated by 0.13 per cent to close the week at 38,866.39 and N20.335 trillion respectively. All other indices finished lower with the exception of NSE Premium, NSE MERI Growth, NSE
GSK reports 32% drop for FY’20 earnings
GlaxoSmithKline Consumer Nigeria (GSK) Plc has reported a 32.15 per cent decline in profit after tax for the financial year ended December 2020. According to the audited financial report obtained from the NigerianStockExchange( NSE), thegroup posted a profit after tax of N622.230 million as against N917.104 million reported in 2019, accounting for a drop
Adegbami: Further devaluation of naira not unlikely
Managing Director/CEO, Mainstreet Microfinance Bank, Mr. Adegoke Adegbami, is also the General Secretary, National Association of Microfinance Banks, Lagos. At an interactive session with select journalists recently, including New Telegraph’s TONY CHUKWUNYEM, he spoke on topical issues in the sub-sector, including CBN’s revocation of licences of 42 MFBs late last year. Excerpt CBN
FDC forecasts 17.8% inflation rate for March
Nigeria’s headline inflation rate, which rose to 17.8 per cent in March from 17.2 per cent in February 2021, is expected to continue its upward trend in Q2’21, analysts at Financial Derivatives Company (FDC) have said. The analysts, who made the prediction in a report obtained by New Telegraph yesterday, noted that if their
Analysts: Naira’ll likely stabilise against dollar this week
The naira is likely to remain stable against the dollar on the parallel market this week due to forex inflows occasioned by Central Bank of Nigeria (CBN)’s “Naira 4 dollar” scheme, analysts at leading forex broker, AZA, have said. In a note obtained by New Telegraph at the weekend, the analysts said: “The naira
Discordant tunes over special courts for bandits, kidnappers
Lawyers split over proposal to create special courts for bandits, kidnappers Should the Federal Government create special courts to deal with cases of banditry and kidnapping? Lawyers say no, yes. AKEEM NAFIU reports Some senior lawyers have expressed divergent views on a proposal by former President Olusegun Obasanjo and an islamic cleric, Sheikh
Kukah: The cleric that provokes Buhari’s presidency
Bishop Matthew Kukah has a penchant for speaking truth to power. His recent Easter message on the state of the nation has, however, incurred the wrath of the current administration who accused him of playing politics with his interventions. WALE ELEGBEDE reports The Catholic Bishop of Sokoto Diocese, Bishop Mathew Hassan Kukah is not
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