Today’s Business Day Newspaper Headlines Tuesday 19th February 2019

Today’s Business Day Newspaper Headlines Tuesday 19th February 2019

Emerging ‘Post-Digital’ world provides new opportunities for business growth
Tue, 19 Feb 2019
The enterprise is entering a new ‘post-digital’ era, where success will be based on an organisation’s ability to master a set of new technologies that can deliver personalised realities and experiences for customers, employees and business partners, according to Accenture Technology Vision 2019, the annual report from Accenture that predicts key technology trends that will []
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Three lessons for local firms from oil majors strong 2018 results
Tue, 19 Feb 2019
In the clearest indication yet of how resilient the world’s biggest oil producers have become, a 40 percent decline in the value of oil prices in the fourth quarter of 2018 did little to deter them from reporting strong results providing lessons for local oil companies. Oil majors Shell, ExxonMobil, Total and Chevron booked strong []
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How real estate firm enables low income earners realize homeownership dreams
Tue, 19 Feb 2019
Beyond the dearth of cheap housing finance that could enable them buy or build their own homes, many Nigerians are ‘homeless’ because they lack knowledge of innovative ways of owning homes without having to break the banks. Many are also in this class due to lack of patience. For people in the low income group, []
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Analysis: February 23: Nigeria’s date with history
Tue, 19 Feb 2019
Barring any last-minute changes or unforeseen circumstances, Nigerians will on Saturday go to the polls to elect a President and National Assembly members for the next four years. The elections, earlier billed to take place on February 16, were postponed to February 23 by the Independent National Electoral Commission (INEC) few hours to the commencement []
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TVC News is re-engineering to be different in broadcasting industry ‘ Hanlon
Tue, 19 Feb 2019
Recently, TVC News, a member of TVC Communications, launched a brand-new high definition news studio, as part of a substantial ongoing investment plan aimed at growing the TVC Group of Companies into one of Nigeria’s leading media organizations. The new studio, in addition to a sizeable team of journalists, producers and the latest mobile satellite []
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Political uncertainty drives real estate sector further into recession in 2018
Tue, 19 Feb 2019
Unlike other sectors of the economy, Nigeria real estate plunged further into recession in Q4 2018 fuelled by the political uncertainty from the just concluded presidential election. After showing sign of rebound for two consecutive quarters through to Q3 2018, Nigeria’s property market turned southward, falling deeper into contraction mode. The figures released by the []
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How Lagos power tussle cost Nigeria ABAT truck terminal at Orile-Iganmu, others
Tue, 19 Feb 2019
It was projected to be completed in seven months, but six months after its construction was flagged off in August 2018, nothing serious has been started. Even the contractor is nowhere near the site, dashing every possible hope of delivering the Alhaji Bola Ahmed Tinubu (ABAT) Truck Terminal at Orile-Iganm in Lagos any time soon. []
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There is high investment appetite for Nigeria’s gas sector ‘ Mama
Tue, 19 Feb 2019
CHIJIOKE MAMA, founder of Meiracopp Nigeria Limited (MNL) and a doctoral researcher in Business Management tells BusinessDay’s ISAAC ANYAOGU that the outlook for Nigeria’s gas sector brightens with new projects including Assah North gas project, Egbaoma gas processing and Gas flare commercialization program. With the above 3 projects in the news this q1 2019 what []
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Who are those elected to serve Nigerians
Tue, 19 Feb 2019
Without bias, if one was privileged to rate our political leaders from 1999 to 2019 using factors such as leadership, economy, technology, power supply, education, health, roads, security and corruption- the scores will not be inspiring. Poor governance occasioned by weak leadership is responsible for the lackluster performance of successive governments. Let’s be honest with []
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Investors sell Nigerian assets on election delay
Tue, 19 Feb 2019
Investors dumped Nigerian assets on the first trading day following the postponement of Presidential and National Assembly elections on worries that the delay is fuelling uncertainty. The naira weakened, stocks fell and bond yields rose as investors exited positions. The Independent National Electoral Commission (INEC) over the weekend postponed the elections for one week, hours []
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External reserves decline to $42.83bn in February 15
Tue, 19 Feb 2019
Nigeria’s external reserves have declined to a two-month low in February in spite of the increase in the price of crude oil to $66.49 per barrel as at yesterday, Monday. The external reserves dropped to $42.83 billion as at February 15, 2019 from $43.174 billion recorded on January 13, 2019. Foreign exchange reserves consist of []
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Election 2019: Aero introduces promo fare to assist Nigerians
Tue, 19 Feb 2019
Nigeria’s foremost commercial airline, Aero Contractors has introduced promo fares to help Nigerians who wish to travel to go and vote during the elections. The airline said that this is its own contribution to support Nigeria conduct successful election and also to encourage the citizens to travel to where they can cast their votes. So []
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Lagos: Gas marketers lament effect of postponed elections on business chains
Tue, 19 Feb 2019
Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) said on Sunday the postponed general elections by theIndependent National Electoral Commission (INEC) had affected their businesses negatively. Bassey Essien, executive secretary of NALPGAM, told the News Agency of Nigeria in Lagos that the postponement posed serious challenges to members’ multi-billion naira investments in cooking gas distribution []
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Macky Sall leads the way for African leaders
Tue, 19 Feb 2019
WhenPresidentMacky Sall won his presidency in 2012, Senegal was in a much different place that it is now- the once struggling economy is one of Africa’s most prominent rising stars today, well on its way to being a regional powerhouse. As President, President Sall has spent his first term focusing on whom he has termed []
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5 subnational bonds offer risk premiums greater than 2.5 percent
Tue, 19 Feb 2019
Debt instruments are in a hierarchy of risk with the Federal government bond at the top of the ladder and sub-national bonds and corporate bonds following. As at Friday, 5 sub-national bond returned 2.5 percent in excess of the risk-free rate as a form of compensation for investors who tolerate the extra risk. Investors are []
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Nestle uses assets to generate higher sales than peers
Tue, 19 Feb 2019
It is difficult running a financially healthy company amid a tough and unpredictable macroeconomic environment. But Nestle Nigeria has defiled all odds as it utilized its assets in generating higher revenue than peers as revealed in the third quarter filing of firms. An example from the table shows Nestle turns over assets at []
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Zenith Bank earns more from fees, commission income than peers
Tue, 19 Feb 2019
Data gathered by Markets and Intelligence shows Zenith Bank Nigeria Plc has deployed technology in generating fees and commission income compared to peers. For instance, from December 2013 to 2017, Zenith Bank realized N345.01 billion in fees and commission income, this compares with Guaranty Trust Bank’s commission income of N216.12 billion, United Bank []
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Investors on side-lines as Nigerian assets fall on election delay
Tue, 19 Feb 2019
The naira weakened on the forward market on Monday and Nigerian stocks fell as investors worried that delaying elections for a week could lead to a contested result, fuelling uncertainty, analysts said. Investors who last week started to snap-up some Naira asset classes in positioning for possible post-election gains may no doubt have got a []
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Nigeria Breweries disappoints investors with negative top-to-bottom line scorecards
Tue, 19 Feb 2019
Nigeria Breweries Plc has released its financials for the full year ended December 31, 2018 with a disappointing after tax profit (PAT) of N29.42billion as against N46.63billion in 2017, representing a decline 36.9percent. The brewer posted net revenue of N324.38billion in 2018 against N344.52billion in 2017, down by 5.8percent. The company recorded Gross Income of []
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Transcorp impresses market with full year profit of N20.6bn
Tue, 19 Feb 2019
Transnational Corporation of Nigeria Plc (Transcorp) has released its audited results for the year ended December 31, 2018, with a record 94 percent growth in Profit After Tax (PAT) of N20.6 billion in 2018 compared to N10.6 billion PAT in the prior year. The Group recorded an unparalleled improvement within the year as turnover grew []
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