BDSUNDAY BUSINESS DAY
Advocates of restructuring of Nigeria are pursuing selfish agendas - Salvadorthe
p.19
We are groaning under NBET’s huge debt, says Ibom Power MD
?? CCNN, Sterling Bank, 20
p.37
others resilient as countdown to year-end begins p.43
Sunday 09 December 2018 Market & Commodities Monitor Brent Oil
5yr Bond
$62.93
-0.07 15.27%
Gold
10yr Bond
$1,252.6
-0.07 15.97%
Cocoa
$2,219.00
20yr Bond
-0.03 15.65%
Electoral Bill imbroglio! Doubts, anxiety grow over 2019 elections
CHUKS OLUIGBO, OWEDE AGBAJILEKE & INIOBONG IWOK the Buhari administration’s sincerity towards 2011 and 2015 and guaranteeing a free, fair
T
inside
Vol 1, No. 243 N300
he shadow of doubt and uncertainty hanging over the 2019 general election is growing longer following President Muhammadu Buhari’s decision to withhold assent to the fourth version of the Electoral Act (Amendment) Bill 2018 transmitted to him by the National Assembly on November 7. With Nigeria inching ever closer to the elections, concerned stakeholders had long harped on the need for free, fair and credible polls, even as some had raised doubts about
p.
guaranteeing a transparent process. In particular, the main opposition People’s Democratic Party (PDP) had on several occasions raised questions as to whether the Independent National Electoral Commission (INEC), which is believed to be loyal to the President and the ruling All Progressives Congress (APC), would be allowed to play the role of a neutral umpire in the forthcoming elections. As such, the Electoral Act (Amendment) Bill 2018 was seen by many as a major step towards eliminating some of the impediments to transparent elections as experienced in
and credible process. The bill, if it becomes law, will, inter alia, make the use of smart card reader statutory as the only instrument of accreditation, thereby permanently eliminating the controversial Incident Form which employs analogue method of voter accreditation; make the backend result of the card reader an evidential tool for nullifying elections where infractions are perpetrated; ensure stiffer sanctions for erring officials of the INEC and media houses, and place a limit
P. 2
p21
The road now taken: The Nigerian railway story
p. 32 and 33
Nigeria-Japan bilateral ties unlocking more trade and investments opportunities - Envoy
L-R: Nyesom Wike, Rivers State governor, welcoming Atiku Abubakar, People’s Democratic Party (PDP) presidential candidate, to a meeting of PDP National Leaders in Port Harcourt, Rivers State, weekend.
Funeral businesses bloom amid economic crunch CHUKS OLUIGBO & CHINWE AGBEZE
p.34 and 35
W
ith many more Nigerians embarking on elaborate and often expensive funerals for their deceased rela-
tives, the number of businesses benefitting from death and burial ceremonies in the country has been on the increase. Latching on to the emerging opportunities therein, many funeral homes have also sprung
up across the country, providing formal services that include embalment and mortuary services, casket making, sale of caskets (local and imported), funeral planning and decor, general funeral services, hearse services,
band services, pall bearers, wreath ladies, lying-in-state, undertakers, private and public cemeteries, cremation, memorials and consultancy services,
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