NIGERIA NEWSPAPERS: TODAY’S BBUSINESSDAY NEWSPAPER HEADLINES [3RD JULY, 2018].

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Millions of smallholder palm oil farmers trapped
Tue, 03 Jul 2018
Small-scale palm oil millers in south-eastern Nigeria are largely stranded after paying hundreds of millions of naira to the old Adapalm for the supply of oil palm fruits, also known as fresh fruit bunches (FFBs), but did not get what they paid for more than three years after, BusinessDay investigation shows. Adapalm, managed by Imo… The post Millions of smallholder palm oil farmers trapped appeared first on BusinessDay : News you can trust.
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

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Offshore sell off, FG issuance seen taking yields to 15%
Tue, 03 Jul 2018
Sell off by investors in response to rising U.S yields, federal government issuance and repatriation by investors ahead of forthcoming elections are combining to send yields higher and analysts see it hitting 15 percent. Last week, performance in the T-Bills market was bearish, as a result average rates across all tenors advanced 20basis points… The post Offshore sell off, FG issuance seen taking yields to 15% appeared first on BusinessDay : News you can trust.
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Nigeria June PMI below neutral at 49.8%
Tue, 03 Jul 2018
Nigeria’s Purchasing Managers Index (PMI) rose very marginally from 49.2 percent in May to 49.8 percent in June 2018, as reported by FBNQuest Research. The research arm of the FBN holdings, in its headline PMI reading said most respondents, although a decreasing proportion, reported no change across the sub-indices. ‘Our trigger questions show… The post Nigeria June PMI below neutral at 49.8% appeared first on BusinessDay : News you can trust.
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Brewers’ market share to change as Golden Guinea returns
Tue, 03 Jul 2018
The market share structure of major brewers in Nigeria is about to change, particularly those controlling the Eastern States, following next month’s re-entry of Golden Guinea Breweries Plc and the re-introduction of its brand of drinks. BusinessDay visited the brewery located on Aba Road, Afara Layout, Umuahia in Abia State for an on the… The post Brewers’ market share to change as Golden Guinea returns appeared first on BusinessDay : News you can trust.
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GE to provide 200 wagons, 10 locos for narrow gauge lines
Tue, 03 Jul 2018
The Managing Director of the Nigeria Railway Corporation (NRC), Fidet Okhria yesterday said the track engineers from U.S industrial firm General Electric (GE) would arrive Nigeria next week. While briefing newsmen in Lagos, he explained that the company would provide 200 new wagons and 10 locomotives to improve the operation of the narrow gauge… The post GE to provide 200 wagons, 10 locos for narrow gauge lines appeared first on BusinessDay : News you can trust.
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NCS Zone ‘B’ confiscates 11 vehicles loaded with smuggled rice
Tue, 03 Jul 2018
The Nigeria Customs Service (NCS), Zone ‘B’ said it has confiscated 11 vehicles carrying bags of foreign rice along Kaduna, Zaria and Kano axis. The Assistant Controller and Commander Strike Force of the Command, Ekanem Wills who spoke to journalist in Kaduna on Monday said information about the smuggled goods was gotten from patriotic Nigerians…. The post NCS Zone ‘B’ confiscates 11 vehicles loaded with smuggled rice appeared first on BusinessDay : News you can trust.
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Inadequate funding, hindrance to success of PPP- expert
Tue, 03 Jul 2018
Dr Wale Babalakin, Pro-Chancellor and Chairman, Council, University of Lagos has identified inadequate funding among others as obstacles to the success of Public-Private Partnership (PPP) scheme in Nigeria. Babalakin made the observation on Monday in Lagos while speaking with the News Agency of Nigeria (NAN), on the side-line of ‘Construction Summit 2018” organised by the… The post Inadequate funding, hindrance to success of PPP- expert appeared first on BusinessDay : News you
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Troops kill 5 insurgents as 32 others surrender in Borno
Tue, 03 Jul 2018
The Nigerian Army on Monday said its troops killed five Boko Haram insurgents in a clearance operation at Anadawa village in Borno. Brig. Gen. Texas Chukwu, the Director, Army Public Relations, disclosed this in a statement issued in Maiduguri. Chukwu said that the troops engaged the insurgents following a tip-off and recovered arms and ammunition…. The post Troops kill 5 insurgents as 32 others surrender in Borno appeared first on BusinessDay : News you can trust.
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Customs and implementation of Ease of Doing Business at seaports
Tue, 03 Jul 2018
The office of Vice President, Yemi Osinbajo, in 2017 came up with an Executive Order on Ease of Doing Business at the ports, aimed at reducing the time spent in clearing import and export cargoes in Nigerian seaports. The Order, which hopes to improve Nigeria’s ranking on the World Bank Ease of Doing Business Index,… The post Customs and implementation of Ease of Doing Business at seaports appeared first on BusinessDay : News you can trust.
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Farmers express worry over incessant killings
Tue, 03 Jul 2018
Nigerian Farmers under the Zero Hunger Commodity Farmers’ Association of Nigeria have urged the Federal Government to urgently find a lasting solution to the incessant farmers/herders crisis, warning that food shortage is imminent as farmers continue to abandon farms for fear of attack. The association in a communiqu issued at the end of its meeting… The post Farmers express worry over incessant killings appeared first on BusinessDay : News you can trust.
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Nigeria’s Agric research institutes lag peers as poor funding hurts output
Tue, 03 Jul 2018
Research institutes are proving to be the weak link in Nigeria’s drive to diversify into agriculture and make exponential gains by way of earnings, employment and other spin-offs, experts say. The institutes are mandated to develop technologies and practices to improve farmers’ yields per hectare and ensure food security in Africa’s most populous nation but… The post ‘ Nigeria’s Agric research institutes lag peers as poor funding hurts output appeared first on Business
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Chinese firm mulls investment in Nigeria’s renewable energy
Tue, 03 Jul 2018
A Chinese firm, Shenzhen Kang Ming Sheng Technology Industry Incorporation, said it is planning to build a renewable and clean energy manufacturing plant in Nigeria to help address the epileptic power situation in the country. Speaking at the launch of the Kamisafe innovative safe reading lamp at the ongoing Conference and annual general meeting of… The post Chinese firm mulls investment in Nigerias renewable energy appeared first on BusinessDay : News you can trust.
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Growsel targets 10,000 smallholder farmers for loan
Tue, 03 Jul 2018
Growsel, a leading Ag-tech organisation in Nigeria, is targeting to provide financial support to over 10,000 smallholder farmers across the country in the second half of the year. Oyewole Oketunji, head-business operation, Growsel made this known during the Growsel Supporters Meet Up in Lagos recently. Oketunji said that Growsel objective is to keep empowering farmers… The post Growsel targets 10,000 smallholder farmers for loan appeared first on BusinessDay : News you can trust.
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Oando leads discussion on investing in future of Nigeria at Oil & Gas confab
Tue, 03 Jul 2018
Adewale Tinubu -Group chief executive of Oando Following a successful outing at the recently concluded OPEC Seminar, Oando is set to lead conversations at West Africa’s largest oil and gas gathering, the Nigeria Oil and Gas Conference (NOG) in Abuja from July 2 ‘ 5, themed: ‘Driving the Nigeria Oil & Gas Industry Toward Sustainable… The post Oando leads discussion on investing in future of Nigeria at Oil & Gas confab appeared first on BusinessDay : News you can trust.
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NMRC plans to increase debt programme to N444bn
Tue, 03 Jul 2018
Nigeria Mortgage Refinance Company (NMRC) plans to triple the size of its debt programme to N440 billion from N140 billion, the state-backed mortgage agency said on Monday. Consequently, the mortgage agency seeks the approval of shareholders ahead of the annual general meeting scheduled for July this year. The debt programme is expected to be raise… The post NMRC plans to increase debt programme to N444bn appeared first on BusinessDay : News you can trust.
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Dangote Cement, Forte, NB, others lead stock market downtrend
Tue, 03 Jul 2018
Nigeria stocks tumbledon Mondayas investors waved off stronger than expected first-half (H1) numbers and focused on fears of increasing political risks. The Nigerian Stock Exchange (NSE) All Share Index (ASI) decreased by 0.87percent, while the Year-to-Date (ytd) stood negative at 0.77percent. Only 16 stocks gained as against 20 losers. The stock market routed south despite… The post Dangote Cement, Forte, NB, others lead stock market downtrend appeared first on BusinessDay : News you can trus
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Ekiti governorship election: Police, others to deploy 30,000 personnel
Tue, 03 Jul 2018
Security agencies, including the Nigerian Police Force are to jointly deploy 30,000 officers and men to enhance adequate security during the July 12 governorship election in Ekiti State. Arrangements are also in top gear to receive the Inspector General of Police, Mr Ibrahim Idris on a one-day official visit to the state next week. Caleb… The post Ekiti governorship election: Police, others to deploy 30,000 personnel appeared first on BusinessDay : News you can trust.
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