Today’s Businessday Newspaper Headlines, Monday 24th December 2018

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Today’s Businessday Newspaper Headlines, Monday 24th December 2018
PDP accuses APC of ‘hawking 2023 Presidency
Mon, 24 Dec 2018
The Peoples Democratic Party (PDP) Presidential Campaign Organisation (PPCO), has mocked the Presidency and the All Progressives Congress (APC) for promising both the South East and South West respectively of the 2023 presidency in exchange for votes. A spokesman of the PPCO, Kassim Afegbua, said the APC has resorted to trading with the lure of…
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Analysing Atiku’s education plan
Mon, 24 Dec 2018
Atiku Abubakar, the presidential candidate of the People’s Democratic Party (PDP), has promised to transfer the responsibility for funding and control of public primary education to the local governments if he is elected president in 2019. Abubakar also promised that senior secondary and tertiary education, provided through universities, polytechnics, mono-technics and Colleges of Education (CoEs),…
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Mike Adenuga inspires me each time I meet him’ Babaeko
Mon, 24 Dec 2018
Steve Babaeko is a fast-rising digital advertising/ marketing/branding entrepreneur. He is the group chief executive officer of X3M Group, made up of X3M Ideas, X3M Music and Zero Degrees, among others. In this interview with ODINAKA ANUDU, he speaks on how he gets his inspiration, the advertising industry and prospects for 2019. What is your…
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Nigeria’s N4trn 2019 recurrent budget exposes bloated bureaucracy
Mon, 24 Dec 2018
Nigeria could spend about the same amount paying worker salaries and running its various ministries, departments and agencies in 2019, as it did on capital projects, debt servicing and recurrent expenditure combined in the whole of 2014. That’s after Nigerian President Muhammadu Buhari presented a 2019 appropriation bill that reveals the Federal government’s plan to…
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2019 Budget proposal is dead on arrival ‘ Omotola
Mon, 24 Dec 2018
Lai Omotola, group managing director, Masters Reality International Concepts Limited (MRICL) and chancellor of E-Boot Camp Limited,in this interview with ZEBULON AGOMUO, Editor,takes a hard look at the nation’s economy in the last three and half years of the current government, saying that citizen’s lifestyles have nosedived. Among other important issues, he speaks on the…
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Kuramo Capital backed Green Airways shakes up Nigeria’s aviation with $11.7bn Boeing order
Mon, 24 Dec 2018
Nigeria’s Green Africa Airways has committed to order up to 100 Boeing 737 MAX 8 aircraft, from U.S based Boeing Company, a deal which will cost up to $11.7 billion and shake up Nigeria’s struggling airline industry. The deal is the largest aircraft agreement from Africa, and will be reflected on Boeing’s orders and deliveries…
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Manufacturer raises alarm over influx of sub-standard batteries
Mon, 24 Dec 2018
Joseph Offorjama, chief executive officer and managing director of Forgo Battery Limited in Ilorin, has raised the alarm over the influx of sub- standard automotive batteries into the Nigerian market. He calls for an intervention of the Standards Organisation of Nigeria (SON) to rid the market of sub -standard batteries. Offorjama spoke at the presentation…
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No certainty on FID signing datefor NLNG train 7
Mon, 24 Dec 2018
The much publicisedFinal InvestmentDecision (FID) for train 7 of the NigeriaLiquefiedNaturalGas(NLNG) limited that was anticipated to takeplacethis month will not happen again, sources tell BusinessDay. The reason is that theexercise will nottake placeuntil after the completionofthe FrontEndEngineering Design(FEED) which is expected to give investorsa fair ideaof what wouldbe neededfinancially to complete the project. The non-signing…
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MAN president heads African Manufacturers Association
Mon, 24 Dec 2018
Mansur Ahmed, president of the Manufacturers Association of Nigeria (MAN), has been appointed as the interim chairman of the committee to evolve the African Manufacturers Association (AMA). This follows the announcement made by Albert Muchanga,commissioner of trade, African Union Commission (AUC), at the just concluded Intra-African Trade Fair (IATF) held in Cairo, Egypt. The role…
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LCCI targets increased Nigeria-UAE trade
Mon, 24 Dec 2018
The Lagos Chamber of Commerce and Industry (LCCI) has partnered Dubai to increase trade volumes between Nigeria and the United Arab Emirates. During a business sessionwith the Dubai Trade Mission in Lagos, Babatunde Ruwase, president, LCCI, said there is a great deal of benefit in the promotion of trade relations between the two countries. Ruwase,…
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Manufacturers scrambling for cheap credit to expand operations
Mon, 24 Dec 2018
Nigerian manufacturers are scrambling for cheap funds to expand operations, but lending rate remains among the topmost in sub-Saharan Africa. Most of the funds in Nigerian banks are only accessible to manufacturers at over 20 percent, they say. Nigeria’s monetary policy rate (MPR), which is a benchmark interest rate in the country, is 14 percent….
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