NIGERIA NEWSPAPERS: TODAY'S THE BUSINESSDAY NEWSPAPER HEADLINES [26 MARCH, 2018]


Below are the headlines found on The Businessday Online Newspaper for today, Monday, 26 March, 2018.

Mon, 26 Mar 2018
There's a tiny detail that Milost has deliberately concealed from the unassuming Nigerian public. Milost Global Inc, a purported US-based private equity firm, is facing six different charges in the United States after being sued for fraud by one Alexander MacGregor, according to a document filed at the New York Southern District Court and obtained... 

Mon, 26 Mar 2018
Austin Okere is not a new name in Nigeria's entrepreneurship space. He is widely known in the technology industry, having built the Computer Warehouse Group (CWG), which is today the largest computer security firm in the Nigerian Stock Exchange. The CWG has blossomed into a pan-African systems integrator with operations in Nigeria, Ghana, Uganda and... 

Mon, 26 Mar 2018
Strategic groups in the Nigerianeconomy have kicked againstthe oil and gasindustryhavingjustonlyone regulatory commission as presently containedinPetroleum IndustryGovernance Bill ( PIGB), sayingthatone regulator for boththedown andupstream is detrimental to theindustry and economy. They urged President Muhammadu Buhari not ascent the bill until he ensures that two different regulatory agencies are created with each of them taking... 

Mon, 26 Mar 2018
As Nigeria lingers on financial inclusion, Kenya and Ghana continues to show the rest of Africa the way through mobile banking. Nigeria can increase its financial inclusion rate if it follows in trend of its Africa peers in the use of mobile phones for banking, popularly referred to as mobile money. The mobile money initiative... 

Mon, 26 Mar 2018
With the incessant clash between farmers and herdsmen going into a threatening dimension due to open grazing on farmlands, the need to find permanent solution has become imperative. Promosalons Nigeria, the exclusive representative of Promosalons France here in Nigeria and organiser of Nigerian business delegation to SPACE 2018 for agriculture and animal production trade show... 

Mon, 26 Mar 2018
Okomu Oil Palm Company Plc is investing $50 million to raise crude palm oil (CPO) production to 80,000 metric tons (MT)) per annum in the next five years from the current 40,000 MT. Gbenga Oyebode, chairman, Okomu Oil Palm Company Plc, said the company was investing in the installation of milling facilities with the capacity... 

Mon, 26 Mar 2018
Felix Adahi Bikpo is the chief executive officer of African Guarantee Fund (AGF), an organisation that assists financial institutions increase their financing to small and medium sized enterprises (SMEs) through the provision of loan, fundraising and equity guarantees. In this interview with JOSEPHINE OKOJIE, he speaks about AGF's funding support for Africa's small and medium... 

Mon, 26 Mar 2018
Frank Jacobs, president of the Manufacturers Association of Nigeria (MAN), says the new excise duties imposed on alcoholic drinks and tobacco will kill local industries. Speaking at a press conference last Wednesday, Jacobs said the association was still engaging the government on the duties, but pointed out that factories would suffer great losses if nothing... 

Mon, 26 Mar 2018
The Manufacturers Association of Nigeria (MAN) says it is not against the African Continental Free Trade Area (AfCFTA) but that certain steps need to be taken by Nigeria before signing the deal. Frank Udemba Jacobs, president of MAN, said specific attention was not given to the cost and benefit analysis of the agreement and the... 

Mon, 26 Mar 2018
Unilever Nigeria has restated its commitment to the Federal Government's backward integration policy through its 'Partner to Win' initiative targeted at increasing the organisation's local input sourcing. The Partner to Win project is Unilever's initiative geared towards investing in capabilities of intermediary companies that are key strategic suppliers to the organisation. It is also aimed... 

Mon, 26 Mar 2018
Investors have been lunging for GlaxoSmithKline Plc's stock price, immediately the company announced a special dividend of N7.10k plus a final dividend of 40k. The above proposed payout sent dividend yields to as high as 30 percent, which means that investors expects a higher return on their investment' The consumer goods company said the special... 

Mon, 26 Mar 2018
Twenty Nigerian firms have declared a total of N412.96 billion so far in 2017 as shareholders await more declarations. If you are an investor or shareholder, please pay attention to the data gleaned by BusinessDay Markets and Intelligence. Zenith Bank, United Bank for Africa (UBA), Access Bank, GTBank and Stabic IBTC has a combined... 

Mon, 26 Mar 2018
Corporate firms in Nigeria may have to consider borrowing at this time, as treasury bills yields are falling and government is cutting down on it domestic borrowing to tap in the foreign market, thereby giving room for Nigeria firms to borrow through bond issuance. The Federal Government usually issue domestic bonds at a more attractive... 

Mon, 26 Mar 2018
United Bank for Africa (UBA), Access Bank and Ecobank Transnational Incorporated (ETI) last week joined the growing list of the listed companies that have so far released their audited financial statement (AFS) for the year ended December 31, 2017. The combined profit after tax(PAT) of the three banks plus the PAT earlier announced by Zenith... 

Mon, 26 Mar 2018
In spite of the release of impressive corporate actions by listed companies, which have so far led to the declaration of N442.2 billion dividends by 22 listed companies, the equity market closed lower last week as the market capitalisation of listed stocks shed N20.3 billion when transactions ended last week Friday. The market capitalisation of... 

Mon, 26 Mar 2018
Exchange rate remained strong as naira traded around N360 and N362 against the dollar at the investors and exporters forex window (I&E) and black market. The Central Bank of Nigeria (CBN) on Friday, 23rd March, 2018 sustained its intervention in the Forex market by injecting the sum of $339.89 million in the Retail Secondary Market... 
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