BusinessDay 14 Jan 2019

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NEWS YOU CAN TRUST I **MONDAY 14 JANUARY 2019 I VOL. 15, NO 223 I N300

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businessday market monitor FMDQ Close

Everdon Bureau De Change

Bitcoin

NSE

FOREIGN EXCHANGE

Foreign Reserve - $43.05bn Biggest Gainer Biggest Loser Cross Rates - GBP-$:1.28 YUANY-N53.97 Nestle JBerger N28.4 9.86 pc N1401.1 -3.37 pc Commodities 29,830.70

Cocoa

Gold

Crude Oil

US$2,355.00

$1,290.90

$60.84

₦1,319,290.43 Powered by

-3.73 pc

BUY

SELL

$-N 357.00 362.00 £-N 455.00 464.00 €-N 404.00 414.00

Lessons for Nigeria as Ghana’s ‘successful’ health insurance flounders O CALEB OJEWALE

nce upon a golden era in Ghana, for $1.5 (N540) premium, one could undergo a brain or heart surgery through the national health insurance, provided it was due to an accident. Today, some Ghanaians think

Inside Nigeria’s cashew juice market longs for savvy Pull-out investors

Rewane-led minimum wage committee to weigh risks of P. A5 review on economy

BD INVESTIGATIVE SERIES

the scheme has been reduced to a mostly Paracetamol dispensary. Over 40 percent of Ghanaians are covered by health insurance, while in Nigeria, less than 5 percent have

health insurance coverage, with most enrolees in the formal sector, and poor coverage in the informal sector. Ghana’s health insurance was a gold standard of sort when it Continues on page 52

Market I&E FX Window CBN Official Rate Currency Futures

($/N)

FGN BONDS

TREASURY BILLS

Spot ($/N)

3M

6M

5Y

364.94 306.90

-2.09 13.21

-0.07 14.32

-0.02

NGUS MAR 27 2019 364.89

15.08

NGUS JUN 26 2019 365.34

10 Y 20 Y 0.00 -0.03 15.49

15.38

NGUS DEC 24 2019 366.24

Onnoghen: Presidency embarks on illegal power grab ... Abuse of due process will send wrong signal to investors – Saraki CHRIS AKOR, Lagos & OWEDE AGBAJILEKE, Abuja ever in the history of Nigerian democracy, not even during the infamous third-term agenda of former president Obasanjo, has the presidency decided to take on the judiciary and directing the Chief Justice to stand down from office without due process of the law. It emerged over the weekend that the government, purportedly on the strength of a petition by an obscure organisation, the Anti-corruption and Research based Data Initiative, whose leader was a former spokes-

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BusinessDay 14 Jan 2019 by BusinessDay - Issuu