NIGERIA NEWSPAPERS: TODAY'S THE BUSINESSDAY NEWSPAPER HEADLINES [11 APRIL, 2018]


Below are the headlines found on The Businessday Online Newspaper for today, Wednesday, 11 April, 2018.

Wed, 11 Apr 2018
Nigeria  has  seen  its  cocoa  output  increase by 15 per-cent  despite  huge  numbers of old and worn-out  cocoa  trees  across  major  producing  states  in  the  country,  as  farmers  commence  midcrop harvest soon.Farmers  link  the  increase  in  production  to  early  rainfall which has helped in boosting the country’s cocoa pod production in recent months.“Most of the cocoa pods I have seen across major cocoa produc-ing  states  so  far  are  bigger  and  better than that of  last year mid-crop when most of the pods were shrinking  and  this  is  because  of  the  early  rainfall,”  Sayina  Rima,  president,  Cocoa  Association  of  Nigeria (CAN) said in a telephone response to questions.“Even  though  we  recorded  pest  outbreak  early  this  year  in  some states we are going to have better midcrop harvest in 2018. Our  output  will  increase  by  15  percent in the 2017/2018 cocoa midcrop  season.  Also,  we  now  have more young people coming into cocoa farming than we had in the past. This has also helped to increase our midcrop output.“This  increase  in  output  will  only be sustained if farmers get the  right  agro  chemicals  to  ad-dress  the  challenges  that  come  with heavy rainfall,” Rima said.He  stated  that  Nigeria  re-corded 60,000MT output for the 2016/2017 midcrop season.This  means  that,  15  percent  of 60,000MT is 9,000MT, imply-ing that the 2017/2018 midcrop harvest  would  be  69,000MT  (60,000MT plus 9,000MT).Nigeria  has  two  cocoa  har-vests which includes the smaller midcrop from April to June, and the  main  crop  from  October  to  December.The  midcrop  normally  ac-counts  for  about  30  percent  of  Nigeria’s  cocoa  output  while  the  main  crop  accounts  for  the  remaining percentage.“The  cocoa  pods  are  bigger  and better now than that of last year  because  of  the  early  rain-fall.  This  will  increase  our  2018  midcrop  output.  Last  year,  the  late  rainfall  affected  our  output  but  this  year  it  has  been  very  different,”  Robo  Adhuze,  chief  operating  officer,  Centre  for  Cocoa  Development  Initiative  told BusinessDay in a telephone interview.“Farmers  are  very  happy  with the development. Also, the prices are better than that of last year,” Adhuze said.

Wed, 11 Apr 2018
Presidency has lashed out at those it described as corrupt politicians for orchestrating protests against President Muhammadu Buhari in the UK.

The protest coming less than 24 hours after President Muhammadu Buhari declared his intention to contest for another term in office as President of Nigeria, is said to be the handiwork of alleged looters and corrupt politicians who are bent on embarrassing the President, as he prepares for the Commonwealth Heads of Government meeting

Senior Special Assistant to the President on Media and Publicity, Garba Shehu, while commenting on the protest by a group of Nigerians outside the Nigeria House in London.

Shehu however affirms that the President will not be distracted from his mission in the UK.

Corrupt Nigerians who are custodians of slush funds stolen from Nigeria, and hiding in UK or are resident cronies colluded with some elements to form a league of protesters with a singular aim of distracting and disorganising the scheduled state visit of the President to England, for bilateral talks with Prime Minister Theresa May and other dignitaries.

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“Esteemed Nigerians home and abroad, friends and business investors in Nigeria, should please see through the veil of the motive behind the Abuja House, Kensington London demonstration. It was an orchestrated act of desperation and a ploy to blackmail and hoodwink the President from concentrating on his anti corruption campaign , which is fast gaining grounds locally and internationally,”

“this unpatriotic act is not unconnected to the Federal government policies to name and shame corrupt citizens and looters; to collate database of Nigerians with homes in UK who are not paying the right taxes, and the hot drive to prosecute all financial defaulters through bilateral and multilateral means.”

Wed, 11 Apr 2018
Over the years, people have felt the need to access financial services and become financially inclusive through one or a combination of two means. First, they get a job, and their salary is paid through a bank account, that is often opened through their employer or by its consent. Second, start a business and because... View ArticleThe post Bypassing traditional banking patterns for financial inclusion appeared first on BusinessDay : News you can trust. 

Wed, 11 Apr 2018
Lafarge Africa Plc is grappling with spiralling cost of production as rising interest on borrowing wiped out all of earnings, leaving the cement maker in a loss position. For the year ended December 2017, Lafarge Africa's posted a loss after tax of N34.60 billon from a profit position of N16.89 billion the previous year, the... View ArticleThe post Lafarge Africa's alarming leverage responsible for first loss in 5 years appeared first on BusinessDay : News you can trust. 

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Wed, 11 Apr 2018
One of the considerations of the Monetary Policy Committee (MPC) which met last week was the level of credit to the private sector, which they found very low and unsatisfactory. The level of credit in the domestic economy channelled to productive private sector is critically below the levels required to place the... View ArticleThe post Banks credit to vulnerable sector, a focus for CBN appeared first on BusinessDay : News you can trust. 

Wed, 11 Apr 2018
There are indications that investors from China and Europe have expressed intention to buy into the vision and goals of the promoter of the $450 million Tomaro Industrial Park and Free Trade Zone, by seeking out possible investment opportunities in the zone. Tomaro Island, which was officially granted a Free Trade Zone (FTZ) status in... View ArticleThe post Foreign investors seek opportunities in $450m Tomaro Industrial Park appeared first on BusinessDay : News you can trust. 

Wed, 11 Apr 2018
Okechukwu Enelamah, minister for industry, trade and investment, is expected to lead discussion at the Redeemer's Men's Fellowship, Region 19 Men's Conference. The theme of the conference is, 'The Nigeria Dream Beyond Oil' and will take place at RCCG Dominion Sanctuary, Ogba-Ikeja, Lagos on Saturday May 12, 2018. Speaking ahead of the maiden Regional Men's... View ArticleThe post Trade minister leads discussion on 'The Nigeria Dream Beyond Oil' at Men&#039 

Wed, 11 Apr 2018
Although the prevailing conditions that characterised the economic dynamics in 2017 assumed a positive trend on the average on international markets with rising stocks, Nigeria's economic indices also improved significantly in year, which has necessitated the call for a sustained monetary and fiscal policies by the Chartered Institute of Bankers of Nigeria (CIBN) to sustain... View ArticleThe post CIBN advocate sustained monetary, fiscal policy for economic growth appeared first on Business 

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Wed, 11 Apr 2018
No fewer than 100 insurance CEOs and regulators are at Strand Hotel in Swakopmund, Namibia for the 5th CEO Summit organised by Continental's Reinsurance to look at how technology could transform insurance business in the continent. The theme of the summit is 'Insurance and adaptation in the face of technological change in Africa'. The Continental... View ArticleThe post African Insurance CEOs seek technological optimization to unlock market potential appeared first on BusinessDay 

Wed, 11 Apr 2018
Construction giant; Chinese Civil Engineering & Construction Company (CCECC), Access Bank and First Bank of Nigeria plc have emerged as the three corporate institutions that purchased the highest number of Toyota brand of vehicles in Nigeria between January 1 and December 31, 2017. This was one of the major highlights of the last 2017 Toyota... View ArticleThe post CCECC, Access Bank, FBN biggest Toyota buyers appeared first on BusinessDay : News you can trust. 

Wed, 11 Apr 2018
Heritage Bank Plc, Nigeria's Most Innovative Banking Service provider, has restated its commitment to sustainable growth and profitability despite the prevailing adverse macro-economic environment. The bank said in statement issued over the weekend by Fela Ibidapo, Divisional Head, Corporate Communications of the bank that, 'Its ambition to emerge as a systemic important bank in the... View ArticleThe post Heritage Bank commits to sustainable growth, profitability appeared first on Bus 

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Wed, 11 Apr 2018
As the nation's insurance industry firms up arrangements and licensing protocols to kick start micro insurance in Africa's largest populated country, experience across other markets are providing the needed guidance for easy take off. According to experts, micro insurance will pave the way that will not only bring the poor out of poverty, but also... View ArticleThe post Making Nigeria's micro insurance initiative an adaptation mechanism for the underprivileged appeared first on B 

Wed, 11 Apr 2018
If everything works according to planned and in line with the good intentions of those behind the initiative, prospective importers of vehicles from diiferent parts of the world can save 35percent as cost in the process of bringing in their vehicles into the country.This This was made known recently by the management of Import Your... View ArticleThe post Vehicle importers to save 35% on IYCN platform appeared first on BusinessDay : News you can trust. 

Wed, 11 Apr 2018
Collaboration towards building required human capital that will remain relevant and contribute to the emerging developments in the global insurance market has received a boost, following a strategic meeting between the Chartered Insurance Institute of Nigeria (CIIN) and the Chartered Insurance Institute (CII), London. Both bodies met last week at the London office of the... View ArticleThe post Babington-Ashaye led-CIIN advances collaboration with CII London on human capital development for indu 

Wed, 11 Apr 2018
The foreign exchange inflows in the country through the Importers and Exporters Foreign Exchange Window (I&E Window) between April 2017 and 05 April, 2018 stood at $41.97 billion. The highest monthly foreign exchange inflows to Nigeria through the Investors' and Exporters foreign exchange window was recorded in January 2018 at US$6.04 billion while the inflows... View ArticleThe post FX inflow through I&E window hits $41.97 appeared first on BusinessDay : News you can trust. 

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Wed, 11 Apr 2018
Amy Jadesimi, managing director of the Lagos Deep Offshore Logistic Base (LADOL), has won the Young African CEO of 2018 award at the Africa CEO Forum held in Abidjan, recently. Jadesimi was nominated alongside other notable CEOs, but was chosen by a jury of pan-African professionals, who selected her as the winner. 'Thank you for... View ArticleThe post LADOL boss, Jadesimi wins 2018 Young African CEO Award in Abidjan appeared first on BusinessDay : News you can trust. 

Wed, 11 Apr 2018
Industry regulator, the National Insurance Commission (NAICOM) has confirmed Augustine Osegha Ebose as the new Managing Director Anchor Insurance Company Limited. The Board of Directors had forwarded his name to NAICOM as the nominee for the position stemming from the last Board meeting and a thorough selection process anchored on the company's succession plan. Before... View ArticleThe post NAICOM confirms Augustine Ebose MD/CEO, Anchor Insurance appeared first on BusinessDay : News you ca 

Wed, 11 Apr 2018
The market indicators of the Nigerian Stock Exchange (NSE) on Tuesday rebounded by 0.17 per cent following gains by Mobil and Dangote Cement. The All-Share Index rose by 69.86 points or 0.17 per cent to close at higher at 40,499.04 compared to 40,429.18 posted on Monday. Also, the market capitalisation inched N25 billion or 0.17... View ArticleThe post Nigeria capital market indicators rebound by 0.17% appeared first on BusinessDay : News you can trust. 

Wed, 11 Apr 2018
The Lagos state government has declared that it is committed to bringing sanity and orderliness in the transport system of the metropolitan city with with an estimated population of 20 million people. Ladi Lawanson, the State Commissioner for Transpotation re-echoed this determination last week while conducting transport journalists round the Ikeja Bus Terminal that was... View ArticleThe post New Ikeja bus terminal to move 200,000 passengers daily appeared first on BusinessDay : News you can tr 

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Wed, 11 Apr 2018
Expulsion of the Nigerian Financial Intelligence Unit (NFIU) from the Egmont Group was never on the agenda of the group's last meeting in March, the News Agency of Nigeria (NAN) has learnt. This is contrary to media reports prior to the meeting held in Argentina between March 12 and 15 that the NFIU would be... View ArticleThe post Nigeria's expulsion never featured in Egmont Group's meeting of March appeared first on BusinessDay : News you can trust. 

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