BusinessDay 04 Nov 2018

Page 1

BDSUNDAY BUSINESS DAY

Only true federation will get the best out of Nigerians – Archbishop Adewale Martins

p. 38

Unity Bank’s unimpressive results cost investors N1.2 bn loss in 5 days p. 43

Rivers is beyond oil, we are safe for tourism, investments - Wike p. 44 ??

Sunday 04 November 2018 Market & Commodities Monitor Brent Oil

5yr Bond

$72.89

-0.01 15.30%

Gold

10yr Bond

$1,233.90

-0.01 15.64%

Cocoa

20yr Bond

$2,301.00

0.08 15.33%

Vol 1, No. 239 N300

FG vs Shi’ites:

Disturbing trend Analysts urge caution on both sides

inside We are building a powerful momentum for natinational rebirth and renaissance - Mailafia

Innocent Odoh, Abuja

N

igeria may be paving the way for a new wave of terrorism following what some experts have called “ill-advised and ill-motivated” crackdown on Shiite protesters demanding the release of their detained leader, Sheik Ibraheem El-Zakzaky, who is still being

held in detention by the President Muhammadu Buhari government despite court orders to release him. El-Zakzaky, leader of the Islamic Movement of Nigeria (IMN), a Shia minority group, and his wife were arrested and incarcerated on December 14, 2015 following the IMN clash with the army on December 12 and 13 in Zaria, Kaduna State, which reportedly left nearly 400 members of the sect dead. El-Zakzaky’s house

and mosques were destroyed by the army, and some reports said his four sons were also killed earlier in July of 2015 by the army. Following this concatenation of events, which culminated in the ban on IMN by the Kaduna State Governor Nasir El’Rufai and the proffering of murder charges against El-Zakzaky, analysts amply raised the alarm on the imminent danger arising from the pos-

P. 3

p. 12-13

APC has upper hand in South-East and SouthSouth in 2019 – Akpabio P.14-15

L-R: Mitchell Elegbe, GMD/Founder, Interswitch Group; Prasanna Kumar Burri, group chief information officer, Dangote Group; Akin Banuso, country manager, Microsoft Nigeria, and Akeem Lawal, divisional chief executive officer, Payments Processing, Interswitch Group, at the launch of Interswitch Blockchain Service (Supply Chain Financing Module) in Lagos.

p. 21

The itinerant tailor: Changing face of ‘Obioma’ business in Lagos p. 32

Fresh controversy trails Buhari’s WAEC attestation certificate OWEDE AGBAJILEKE, Abuja

F

resh controversy has trailed the attestation certificate issued to President Mu-

hammadu Buhari by the West African Examination Council (WAEC). While the main opposition People’s Democratic Party (PDP) described the develop-

ment as a tragicomedy, the Coalition of United Political Parties (CUPP), accused the Council of manufacturing result for All Progressives Congress (APC) presidential can-

didate, Buhari and tampering with records to shield him from disqualification by the Independent National Electoral

p. 3


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BusinessDay 04 Nov 2018 by BusinessDay - Issuu