NIGERIA NEWSPAPERS: TODAY'S THE BUSINESSDAY NEWSPAPER HEADLINES [9TH APRIL, 2018]


Below are the headlines found on The Businessday Online Newspaper for today, Mondy, 9th April, 2018.

Mon, 09 Apr 2018
An increase in selling prices across key products and the improving economic environment has helped bolster the margins of most listed consumer goods firms in the country. This means that these firms have been able to turn each Naira invested in sales in generating higher profit, which also signals improved efficiency as they turned more...

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Mon, 09 Apr 2018
Time is wearing thin for indigenous oil exploration and production company, Shebah, whose latest appeal of a $143 million lawsuit brought against it by three creditor banks following a $150 million loan repayment default, was thrown out of a London court last year. On July 1, 2011, Nigerian lenders- Diamond and Skye Banks, as well...

Mon, 09 Apr 2018
Jumoke Dada is the founder and CEO of Taeillo, a start-up brand that produces urban furniture using African inspired pieces. Jumoke was motivated to establish Taeillo in 2016 out of her passion to brand Africa's culture and identity in appealing modern designs through furniture. 'I wanted was to create a great piece because I realised... 

Mon, 09 Apr 2018
Citi Group can offer local banks access to the global capital markets, and help them as they look to expand their business across Africa, according to CEO Michael Corbat, who sat for an exclusive interview with BusinessDay's News Editor, Patrick Atuanya and senior analysts, Bala Augie and Lolade Akinmurele. How does Citi view itself in... 

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Mon, 09 Apr 2018
Despite a rebound in economic activities that has been witnessed in the pharmaceutical industry, Pharma Deko, one of the biggest players in the Nigerian drug market and fast moving Consumer goods (FMCG) space, recorded a 94 percent decline in profit on the back of a high operating cost in full year 2017. In 2017, the... 

Mon, 09 Apr 2018
Swift Networks, Nigeria foremost broadband service provider to enterprises and residential customers has entered into partnership with global brands and shops in Lagos to offer free broadband Wi-Fi service to Nigerians. Under the partnership, Swift Networks will provide systems for free Wi-Fi for consumers. The service code-named Red Cheetah, a new brand under the stable... 

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Mon, 09 Apr 2018
Chief Financial Officers (CFOs) in Nigeria have identified tax, regulatory and government policy as the most important 'stay awake' issues for them. The critical concern is closely followed by those arising from internal challenges such as margin enhancement, growth and cost optimization. These findings were revealed in the 2018 KPMG CFO Outlook survey report that...

Mon, 09 Apr 2018
Presco Plc, one of the leading palm oil producers in Nigeria, says it has so far invested N75 billion into the industry and plans to produce 47,000 metric tonnes (MT) of crude palm oil (CPO) in 2018. Felix Nwabuko, managing director of Presco, says the company plans a capital expenditure investment of N46 billion over... 

Mon, 09 Apr 2018
Only 42 percent of banking customers are currently using their bank's mobile banking applications against a 92 million mobile telephone subscribers with internet access in 2017, according to the 2018 mobile banking report by Neetch Company. The report contains the outcome of a research conducted by the company which is aim to bridge the gap... 

Mon, 09 Apr 2018
While Seplat, Nigeria's largest indigenous firm rebounded to growth on the back of improved crude oil price, Erin energy and Savannah Petroleum both midsized firms continues to gasp for breath as it sweeps in an ocean of losses over major assets acquired. Seplat surmounted the headwinds brought on by lower oil price and political unrest...  

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Mon, 09 Apr 2018
The recent synchronization between the fiscal policy and the monetary side has help bring down the yield curve down in the first quarter of 2018. Moderating inflation rate, a positive economic growth, a loosened monetary policy in terms of the creation of the Investors' & Exporters' FX Window and naira devaluation coupled with reduction in... 

Mon, 09 Apr 2018
FSDH Merchant Bank Limited, has predicted a drop in the rate of inflation (year-on-year) from 14.33 per cent recorded in February to 13.49 per cent in March 2018, according to a recent report released by its research team. This would mark the fourteenth month that prices have cooled. The expected drop in inflation rate is... 

Mon, 09 Apr 2018
For how long do you expect to live' It's anybody's guess but seriously, lifespans are steadily increasing and building a nest egg for your retirement is only one aspect of retirement planning; the other important aspect, is ensuring that those savings you have been accumulating over decades, actually last at least as long as you... 

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