Nigerian Newspaper: BusinessDay Headlines Today, Monday 29 October, 2018.

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 Buhari to host Canadian Governor General Rt. Hon. Julie Payette
Mon, 29 Oct 2018
President Muhammmadu Buhari will today, (Monday ) receive the Governor General of Canada , Rt. Hon. Julie Payette at the presidential Villa, Abuja. The visit of the Canadian Leader is coming on the heels of the first ever investment summit in Abuja, aimed at unlocking investment opportunities to Canadian investors. Trade relations between Nigeria and…
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Lion Air plane crashes into sea shortly after take-off from Jakarta, Indonesia
Mon, 29 Oct 2018
The Indonesian authorities have mounted a search and rescue operation for a Lion Air plane which crashed into the sea shortly after take-off from Jakarta this morning, Monday October, 29. Lion Air flight JT-610 took off from Jakarta Airport at 6.20am local timeand lost contact with air traffic controllers at 6.33am. The Boeing 737 was…
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Lewis Hamilton crowned 2018 F1 World Champion
Mon, 29 Oct 2018
Mercedes driver Lewis Hamiltonis the newestFormula 1 Champion after winning an historicfive-time World Champion at theMexican Grand Prixon Sunday Hamilton claimed his fifth drivers’ world championship on Sunday to draw level with Juan Manuel Fangio in the Formula One record books when he finished fourth behind a victorious Max Verstappen in the Mexican Grand Prix….
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Beer wars: NB, Guinness lose ground to competition, weaker purchasing power
Mon, 29 Oct 2018
For the first time in decades, shareholders in Nigerian Breweries and Guinness Plc, which together have dominated the country’s beer market will have to worry about their continued dominance of the drink business in the country. Heightened competition from rival beer manufacturers, as well as declining spending power of Nigerians, which have forced many of…
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Meet Kaamil Kalejaiye, entrepreneur with passion to feed 180m Nigerians
Mon, 29 Oct 2018
Is there anyone who will ever survive without food’ This sounds like a rhetorical question, but Kaamil Kalejaiye is ready to provide an answer through his Fakholt Agro, a firm that specialises in general agriculture. Kamil has two other partners, who conducted a research together with him in 2013 before setting up Fakholt that year….
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NERC outlines conditions for electricity tariff review
Mon, 29 Oct 2018
The Nigeria Electricity Regulatory Commission has outlined the conditions necessary for tariffs review in order to create collaborative competition in generation, transmission and distribution of electricity in the country. James Momoh, chairman of NERC, in an exclusive interview with BusinessDay, said the agency has the mandate to keep electricity tariffs constant and also review it…
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Manufacturing firms shaky as FG, states fail to fix age-old problems
Mon, 29 Oct 2018
A large number of manufacturing firms are shaky today as federal and state governments continue to pay little attention to age-old problems facing manufacturers. In 2014, Procter&Gamble set up a $300million diaper line in Agbara, Ogun State, which was tapped as the biggest US non-oil investment in Nigeria. Four years down the line, the company…
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Nigeria per capital paint consumption among lowest globally
Mon, 29 Oct 2018
Despite its large population and huge construction sites, Nigeria’s paint per capital consumption still ranks low when compared with other countries of the world. According to the Paints Association of Nigeria (PMA), the country’s per capital paint consumption is less than 1 kg per head, which is very low when compared with countries such as…
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Speedy privatisation seen reviving Ajaokuta Steel plant
Mon, 29 Oct 2018
Nigeria needs to speedily privatise Ajaokuta Steel Complex and stop pumping money into the plant. Ajaokuta Steel Complex was established in 1971 to develop Nigeria’s steel sector and stimulate the exploration of God-given natural resources, especially iron ore. Luckily for the country, large iron ore deposits were found in Itakpe, Ajabanoko and Oshokoshoko all in…
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How SON, Customs agents plan to fight substandard goods
Mon, 29 Oct 2018
The Standards Organisation of Nigeria (SON) has partnered the Association of Nigerian Licensed Customs Agents (ANLCA) to checkmate the menace at the point of entry. Osita Aboloma, director-general, SON, said ANLCA was one of its strongest allies that could help to reduce the preponderance of fake and substandard goods in the country, explaining that SON…
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Why Nigeria needs functional paper mills
Mon, 29 Oct 2018
Nigeria had three functional paper mills in the 1980s and 1990s, but the mills are almost redundant today. The three paper mills of the 1980s were: Nigeria Paper Mill (NPM)Limited located in Jebba, Kwara State; Nigerian Newsprint Manufacturing Company (NNMC)Limited, Oku-Iboku, Akwa Ibom State; and Nigerian National Paper Manufacturing Company (NNPMC) Limited in Ogun State….
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FG to commission two modular refineries in Delta, Bayelsa ‘ Kachikwu
Mon, 29 Oct 2018
As part of efforts to stop illegal refining of crude oil and its attendant deleterious impact on the environment, the Federal Government on Saturday said it is expected tocommission two modular refineries in Warri and Bayelsa States by the end of this year. Minister of State, Petroleum Resources, Dr Ibe Kachikwu made this revelation in…
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Consumers lament influx of substandard products in Nigerian market
Mon, 29 Oct 2018
The influx of substandard products in Nigeria is alarming; as a result,consumers hardly buy original products in the open market whether in the rural or urban cities. Investigation reveals that someof these substandard products which include drugs, electronics, Information Communication Technology (ICT) products, building materials, machinery, cars and spare parts, handkerchiefs, towels, keys and padlocks,…
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MRS, Total, Cadbury lead as cost of sales rises to N631 bn in third quarter
Mon, 29 Oct 2018
The cost of sales of firms operating in the real sector of the Nigerian economy continued to rise in the third quarter of the year. Sixteen firms which were drawn at random from among the firms operating in the nation’s real sector and which are listed on the Nigerian Stock Exchange (NSE) saw their combined…
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