Today’s Business Day Newspaper Headlines Thursdays 10th January 2019

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Today’s Business Day Newspaper Headlines, Thursdays 10th January 2019

Economic Intelligence Unit filters out noise in Nigeria’s democracy claims
Thu, 10 Jan 2019
Nigeria’s current democratic system may look impressive to the All Progressives Congress-led government but that is not the same view held by the Economic Intelligence Unit (EIU). The EIU categorically tagged Nigeria’s democracy as one that is a ‘Hybrid Regime’, characterised by ‘substantial irregularities that often prevent the democratic process from being both free and []The post Economic Intelligence Unit filters out noise in Nigeria’s democracy claims appeared
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Nigeria misses out on $275m cocoa revenue as low value addition takes toll
Thu, 10 Jan 2019
If local processors had fully processed all of Nigeria’s cocoa, the country’s second-largest export earner after oil, into butter and cake before exporting in 2018, an additional $275 million could have been created by the players in the value chain, BusinessDay’s calculations show. Africa’s most populous nation currently ranks joint fifth with neighbouring Cameroon with []The post Nigeria misses out on $275m cocoa revenue as low value addition takes toll appeared first on Bu
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Ethiopian Airline’s competitive advantages are its fleet, destinations, connections’ Mekonnen
Thu, 10 Jan 2019
Firiehiwot Mekonnen is the general manager, Nigeria for Ethiopian Airlines. In this interview with Ifeoma Okeke, she speaks about the airline’s unique selling points, its air service to Los Angeles and plans for the Nigerian market, amongst other issues. What is your partnership structure with Los Angeles Tourism Board for this new route that you []The post Ethiopian Airline’s competitive advantages are its fleet, destinations, connections’ Mekonnen appeared first on BusinessDay.
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Nigeria retail outlook 2019 to focus on growth, development of retail sector
Thu, 10 Jan 2019
Consumer insight, retail business development and growth for 2019 and beyond will shape the key issues to be discussed at theThe Nigeria Retail Business Outlook 2019 with the theme ‘Building the Appetite for Sustainable Growth’. The quarterly event Put together by Bervidson Group, the event is scheduled to hold on January 17th at the Lagos []The post Nigeria retail outlook 2019 to focus on growth, development of retail sector appeared first on BusinessDay.
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Nigeria seen as a key driver of growth in emerging market digital sales by 2022
Thu, 10 Jan 2019
About 3 billion consumers in emerging markets will be online by 2022. Most of them will use the internet to collect information before buying products, pushing the level of digitally influenced purchases to nearly $4 trillion, and Nigeria is seen to play a key role says a report by the Boston Consulting Group. The report []The post Nigeria seen as a key driver of growth in emerging market digital sales by 2022 appeared first on BusinessDay.
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Three years after, Buhari continues to hide petroleum contracts from Nigerians
Thu, 10 Jan 2019
Three years into the administration of President Muhammadu Buhari, who came to power vowing to end corruption, Nigeria is yet to publish its petroleum contracts, a critical requirement to make the oil and gas sector transparent and end corruption in the sector. Petroleum contracts set out the legal framework for oil and gas projects. When []The post Three years after, Buhari continues to hide petroleum contracts from Nigerians appeared first on BusinessDay.
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AMCON’s assets sale seen deepening property market woes
Thu, 10 Jan 2019
The recent offloading of seized assets for sale on the property market by the Assets Management Company of Nigeria (AMCON) is capable of worsening the situation in the market and piling more pressure on property owners, market analysts say. They note, however, that the development also offers investment opportunities for willing buyers. The property market []The post AMCON’s assets sale seen deepening property market woes appeared first on BusinessDay.
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234Finance to boost retail, start-ups with Mentor-Matchup challenge
Thu, 10 Jan 2019
Nigeria’s retail sector, which includes the start-ups and entrepreneurs, will be getting a boost with the Mentor-Matchup challenge set up by 234Finance. 234Finance.com, a platform that promotes African entrepreneurship by bridging the gap between investors and early stage startups in Africa’s emerging market put up the event in a bid to address unemployment challenge in []The post 234Finance to boost retail, start-ups with Mentor-Matchup challenge appeared first on BusinessDay.
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The need for more professionalism in Nigeria’s transportation sector
Thu, 10 Jan 2019
The sustainability and the efficiency of the transport system of any successful nation depend hugely on the quality of human resources that run the system. Transportation management systems in Nigeria faces many human resources challenges which tend to scuttle the energy and efforts channelled towards growth and development. The challenges of a sustainable transport system []The post The need for more professionalism in Nigeria’s transportation sector appeared first on BusinessDay.
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Osinbajo should chair council for capital market master plan
Thu, 10 Jan 2019
It is no longer news that the Nigerian equities market, with a disappointing record of -18.84 per cent Year-to-Date return, was among the poor performing stock markets in the world last year. This partly explains the weak and non-inclusive real GDP growth witnessed in 2018. When the 10-year (2015’2025) Capital Market Master Plan (CMMP) was []The post Osinbajo should chair council for capital market master plan appeared first on BusinessDay.
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Bismarck Rewane heads FG technical Committee on Minimum Wage
Thu, 10 Jan 2019
Ahead of the January 23rd submission of the Minimums Wage BIll to the National Assembly, President Muhammadu Buhari on Wednesday inaugurated a technical committee to advise government and amongst things identify revenue sources. The technical Committee is headed by renown Economist Financial Expert, Bismarck Rewane, is saddled with the responsibilities of developing a strategy and []The post Bismarck Rewane heads FG technical Committee on Minimum Wage appeared first on BusinessDay.
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Ortom, 31 other aspirants sign peace pact
Thu, 10 Jan 2019
Governor Samuel Ortom and governorship candidates of other political parties in Benue today signed a peace pact with a pledge to ensure peaceful elections on February 16th and Match 2nd 2019. The Governor assured Benue people that he was committed to a peaceful and transparent election in 2019, expressing the hope that the pact would []The post Ortom, 31 other aspirants sign peace pact appeared first on BusinessDay.
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Nigeria’s revenue, FX at risk as World Bank lowers global growth to 2.9%
Thu, 10 Jan 2019
Nigeria may see further drop in crude oil prices and demand as the World Bank on Tuesday projected the global economic growth to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook. The 2.9 percent global growth rate is lower than the World []The post Nigeria’s revenue, FX at risk as World Bank lowers global growth to 2.9% appeared first on BusinessDay.
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Dangote Cement shares down 8.6%, most since Jan 2016
Thu, 10 Jan 2019
Market bellwether Dangote cement lost heavily in today’s trading as the share price fell by the most since 2016. The shares which fell by 8.6 percent closed at N170 per share to drag down the benchmark index by 2.33 percent. With elections around the corner and moderation of rates in the United States, Investors have []The post Dangote Cement shares down 8.6%, most since Jan 2016 appeared first on BusinessDay.
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Stocks slide to 19-month low as election jitters bite
Thu, 10 Jan 2019
Nigerian equities market plunged to a 19-month low, Tuesday, as the All Share Index fell to 30,036.15 points at the close of trading. The decline meant that the benchmark index dipped to its lowest since 31 May, 2017 when it was stood at 29,498.31 points as investors sold on elections worries. The market, which was []The post Stocks slide to 19-month low as election jitters bite appeared first on BusinessDay.
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2nd N100bn sukuk: Oversubscription indicates investor confidence ‘ DMO
Thu, 10 Jan 2019
In a show of confidence and soaring appetite for Nigeria’s sovereign securities, investors oversubscribed the second tranche of the Federal Government’s N100 billion Sukuk bond that closed last week Monday, by N32 billion. The Debt Management Office (DMO), which gave the update at the weekend, said it received subscriptions of over N132 billion from 2073 []The post 2nd N100bn sukuk: Oversubscription indicates investor confidence DMO appeared first on BusinessDay.
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CBN to issue N823.43bn Treasury Bills, N985.92bn to mature in Q1 2019
Thu, 10 Jan 2019
The Central Bank of Nigeria (CBN) will in the first quarter of 2019 issue N823.43 billion worth of Treasury Bills, while N985.93 billion will mature in the same period. A breakdown of the Nigerian Treasury Bills issue programme for the Q1 2019 released on Tuesday by the CBN show that a total of N59.02 billion []The post CBN to issue N823.43bn Treasury Bills, N985.92bn to mature in Q1 2019 appeared first on BusinessDay.
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