BusinessDay 10 Dec 2018

Page 1

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Foreign Reserve - $42.48bn Biggest Gainer Biggest Loser Cross Rates - GBP-$:1.27 YUANY-N53.02 Dangcem Nestle Commodities N1549 4.66 pc N184 -0.54 pc 30,866.82

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$-N 362.00 366.00 £-N 461.00 468.00 €-N 409.00 416.50

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3M

365.33 306.85

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NGUS MAY 29 2019 365.70

10 Y 20 Y -0.07 -0.03 15.97

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g

30 firms seek registration as payment service banks A T

Africa’s political lesson in booting incumbents ignored in Nigeria to Buhari’s advantage CHRIS AKOR

LOLADE AKINMURELE

he Central Bank of Nigeria’s (CBN) move to open the banking system to nonfinancial companies and register mobile money operators could be the biggest innovation to hit Nigeria’s

As Fintechs, Telcos scramble for financially excluded Nigerians Paris-based Orange also linked

beleaguered financial services industry in decades, and it is attracting a lot of takers. No less than 30 business

names are currently undergoing registration as payment service banks at the Corporate Affairs Commission (CAC), in a move

that could prove a game changer for tens of millions of financially

Continues on page 46

s at the last count, there are almost 79 presidential aspirants contesting for the presidency in 2019 on different political platforms. All of them claim to be motivated to enter the race by the failure of the Muhammadu Buhari government to reform education, health care, or even arrest the rapid spread of poverty across the land. They claim they could not countenance, and Nigeria may not survive another four years of the Buhari government. However, examples from Africa and even Nigeria has shown that opposition fragmentation and disunity most times helps the incumbent win elections as the fragmented opposition just divide the votes and end up Continues on page 46

Inside BusinessDay Excellence in Public Service Awards holds January 31 P. 2 L-R: Bola Ajomale, MD, NASD plc; Aramide Abe, founder, Naija Startups; Uyi Akpata, country senior partner, PwC Nigeria/keynote speaker; Bukky Akomolafe, commercial manager, Travelstart, and Abayomi Awobokun, CEO, Enyo Retail and Supply, at the BusinessDay Top 100 Fastest Growing SMEs in Nigeria, with the theme, Innovation and technology in Entrepreneurship a Stimulant for Economic Growth and Exhibition in Lagos. Pic by Pius Okeosisi

BusinessDay Man of the Year to be unveiled Friday, December 14 P. 46


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BusinessDay 10 Dec 2018 by BusinessDay - Issuu