NIGERIA NEWSPAPERS: TODAY'S THE BUSINESSDAY NEWSPAPER HEADLINES [2ND APRIL, 2018]


Below are the headlines found on The Businessday Online Newspaper for today, Monday, 2nd April, 2018.

Mon, 02 Apr 2018
The Federal Government through the Nigerian Bulk Electricity Trading Plc (NBET) paid Azura Power the sum of N8m being twelve percent of about N66 million for test power sent to the national grid in January, sources with knowledge about the transaction have told BusinessDay. Meanwhile, Nigeria's other generating companies (GenCos) are waiting for an April... 

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Mon, 02 Apr 2018
Despite being world's largest cassava producer, Nigeria has seen its imports of cassava by-products hit $654 million (N235.4billion) in 2017, owing to low quality flour and technology gaps in the sector, Manufacturers Association of Nigeria (MAN) sectorial data shows. Nigeria industries have continued to import, starch, flour and ethanol in large quantities as they claim... 

Mon, 02 Apr 2018
Temitope Nelson Sanyais the executive director of Nelson Impact International, a firm that trains young entrepreneurs on business sustainability and how to write bankable plans Temitope holds Bachelor of Science (Bsc) degree in Economics from the University of Lagos. In this interview with BUNMI BAILEY, the young entrepreneur calls on the government and the private... 

Mon, 02 Apr 2018
Interest income from short term government securities has lifted AXA Mansard Insurance Plc's full year profit as the insurer continues to intensify its investment strategy with a view of increasing its share of the market. For the year ended December 2017, the Nigerian net income increased by 1.57 percent to N2.67 billion as against... 

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Mon, 02 Apr 2018
Some capital market operators on Thursday called on the management of Unity Bank Plc to tackle its recapitalisation programme carefully to avoid negative impact on the bank. The operators spoke in separate interviews in Lagos, while reacting to alleged Milost Global Incorporated, a New York-based private equity firm failed investment deal in the bank.... 

Mon, 02 Apr 2018
Following the Easter celebration and holidays, prices of some food items like tomatoes, chili pepper, and onions have increased by over 100 per cent in Lagos markets. A market survey by Thursday at Mile 12, Ile-Epo and Oyingbo markets revealed that a 40kg basket of tomatoes which hitherto sold for N4, 500 in February... 

Mon, 02 Apr 2018
Abdulsamad Rabiu, executive chairman/CEO of BUA Group, wants the Federal Government to replicate its cement and sugar policies on the steel industry. Speaking at the opening plenary of the Africa CEO Forum in Abidjan, Cote d'Ivoire last Monday, Rabiu, who recalled that 15 years ago Nigeria was faced with a nightmare when it only produced... 

Mon, 02 Apr 2018
The huge gap in the palm oil industry, estimated at over 800,000 metric tonnes (MT), provides an opportunity for local manufacturers to make more billions. Nigeria produces between 900,000 and 1.2 million MT, out of 2.1 million MT local demand. The gap is filled by imports from Indonesia and Malaysia. Palm oil is used in... 

Mon, 02 Apr 2018
Nigeria's non-oil export receipts from the Economic Community of West African States (ECOWAS) fell by a whopping 56 percent at the end of 2015. According to data compiled by Cobalt International Services that year, the non-oil export revenue of Africa's biggest economy and oil producer to ECOWAS fell from $350.86 million in 2014 to $154.47... 

Mon, 02 Apr 2018
It is generally accepted that a progressive dividend payment is positive for the stock market. This is because investors and shareholders have a perception that dividend paying stocks are a sign of financial strength. But Modigliani and Miller in their 1950 irrelevance theory opined that there are no relations between dividends and market share. We... 

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Mon, 02 Apr 2018
Chairman Heirs Holdings Tony Elumelu will be drinking wine from a golden goblet in the second half of the year going by an estimate of dividends he will earn from various companies. The Oracle of Heirs Holdings will earn over '2.28 billion in dividends from the various firms in the Heirs Holdings. United Bank for... 

Mon, 02 Apr 2018
The S&P 500 was hit by its first quarterly losses since 2015 as questions over global trade and regulation of technology companies ' its star sector ' weighed on company share prices. The index, which is made up of the US's biggest listed companies, has performed better than stock markets in other developed economies, but... 

Mon, 02 Apr 2018
The short-term outlook of the Nigerian economy favours monetary policy easing in order to stimulate credit creation and economic growth, according to a report from Lagos-based financing house FSDH Merchant bank. The Central Bank of Nigeria (CBN) has scheduled the first meeting of the Monetary Policy Committee (MPC) in the year 2018 for Tuesday 03... 
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