Nigeria Newspapers: Today’s Business Day Newspaper Headlines [1st October, 2018].

Read All Newspapers in one Place - Download our App for free. DOWNLOAD

Reasons why Cristiano Ronaldo left Real Madrid for Juventus
Mon, 01 Oct 2018
Real Madrid said goodbye toCristiano Ronaldoin July of this year, but the players journey throughthe Estadio Santiago Bernabeuexit doors began in May of 2017. His problems with the Spanish tax authorities kicked off a series of discussions and decisions which ultimately led him to Turin and toJuventus. This is according a fresh report published by…
read more…

BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Tiger Woods: I am one of the reasons USA lost Ryder Cup
Mon, 01 Oct 2018
A despondentTiger Woodsadmitted that he was a contributing factor as to why the United States surrendered the Ryder Cup to Europe, after losing all four of his matches at Le Golf National. The 14-time major champion suffered only his second singles defeat in the match-play showdown with a 2 and 1 loss toJon Rahmas Europe…
read more…

Manufacturing still bedevilled by high excise duties, unsold inventory- MAN
Mon, 01 Oct 2018
Frank Udemba Jacobs, outgone president of the Manufacturers Association of Nigeria (MAN), has said that manufacturing challenges still manifest in the form of high inventory of unsold finished products, inadequate electricity supply, frequent increases in electricity tariff in the face of poor services from distribution companies and abnormally high interest rates. Jacobs, who spokeat the…
read more…

Nigerian products are competitive, should be patronised’ Vitafoam
Mon, 01 Oct 2018
Government ministries, departments and agencies (MDAs) must patronise made-in-Nigeria products because they are good enough and competitive. Taiwo Adeniyi, group managing director and chief executive officer of Vitafoam Nigeria Plc, who stated this during the company’s donation of polyurethane laboratory to the University of Lagos,appealed to the Federal Government tocontinually evolve policies that engender ease…
read more…

Read All Newspapers in one Place - Download our App for free. DOWNLOAD

Aiteo boss bags Forbes Oil & Gas Leader award 2018
Mon, 01 Oct 2018
Benedict Peters, an international business leader and founder of Aiteo Group was awarded Africa’s Oil and Gas Leader of the Yearat the Forbes Best of Africa Gala which held at Forbes Headquarters, New York City on September 27, 2018. A press release from the organisation says the award is an ‘acknowledgement of Peters’ significant contribution…
read more…

A giant at 58 living without housing
Mon, 01 Oct 2018
Tomorrow, at different levels of government, Nigerians will be gathering in groups to celebrate their country which is attaining the age of 58 as a free and sovereign nation. For various reasons, perhaps, there is need for the country to celebrate. If anything, the country is still intact as a corporate entity despite the centripetal…
read more…

Banks’ interest expense up 7.75 % to N556 bn in HI
Mon, 01 Oct 2018
Eleven largest banks in Africa’s largest economy incurred a cumulative interest expense of N556.20 billion as at June 2018, which represents a 7.75 percent increase from the N516.07 billion recorded the previous year. Intense competition for deposits among banks and other financial institutions and continued customer appetite for treasury bills are responsible for growth in…
read more…

Banks credit to corporate, small businesses rise in Q3 on improved liquidity
Mon, 01 Oct 2018
Banks available credit to the corporate sector and small businesses increased in the third quarter of 2018, according to the Central Bank of Nigeria’s (CBN)’s `credit conditions survey report. ‘The overall availability of credit to the corporate sector increased in Q3 2018 and was expected to increase in Q4 2018. This was driven by changing…
read more…

Downstream oil and gas firms’ Debt to Equity ratio falls as margins improve
Mon, 01 Oct 2018
Firms operating in the downstream oil and gas industry have seen debt to equity ratio reduce as higher margins gave them the leeway to pay off debt. There has also been record improvement in return on common equity (ROCE), which means these firms have used shareholders’ investment in generating higher profit. Total Nigeria Plc’s has…
read more…