Today’s Business Day Newspaper Headlines Thursday 21st February 2019

Today’s Business Day Newspaper Headlines Thursday 21st February 2019

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How Nigerian content creators are finding goldmine on YouTube
Thu, 21 Feb 2019
From making videos on YouTube as a hobby to finding an avenue to augment meagre incomes, Nigerian content creators on the popular video sharing platform have now found what appears to be a goldmine. YouTubers as they are called have found a platform where they are paid for their creative efforts, but beyond this, one []
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Court to hear suit against FIRS spending on April 15
Thu, 21 Feb 2019
Following an action brought by the trustees of Laws and Rights Awareness Initiative against the Federal Inland Revenue Service (FIRS), challenging its power to provide commercial sponsorship or support to entertainment concerts and shows, the Abuja Division of the Federal High Court on Tuesday February 19, 2019 adjourned hearing to Monday, April 15, 2019. Entering []
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States pump N251bn into non-viable airports amid infrastructure deficit
Thu, 21 Feb 2019
Bad roads, poor healthcare services, collapsing schools, inadequate housing and a lack of municipal services like waste collection or pipe-borne water have not deterred most Nigerian states from embarking on white elephant airport projects. Apart from the 22 airports built by the Federal Government through the Federal Airports Authority of Nigeria (FAAN), many state governments []
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2019: Is Nigeria preparing for war
Thu, 21 Feb 2019
In a warning message to Nigerian ‘bigmen’ titled, ‘Intervene now, clouds of war gathering over Nigeria’, credited to Bashir Othman Tofa, a former National Republican Convention (NRC) candidate in the June 12, 1993 presidential election, the Kano-born politician said that Nigeria was ‘fast ascending to the very path that Freetown took; the path that ruined []
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Political desperation, fiery rhetoric battering Nigeria’s image
Thu, 21 Feb 2019
It would have been thought that the two main political parties and their candidates would have shrugged off the disappointment of the postponed elections and returned to campaigning to sway voters to their sides and encourage massive turnout on February 23. It would also have been thought that with the signing of the peace pact []
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Trade sector foreign investments pick up in 2018
Thu, 21 Feb 2019
Foreign investments into the trade sector picked up in 2018 booking $131.6 million after a downward trend since 2015. Capital importation report released by the National Bureau of Statistics (NBS) and analysed by BusinessDay showed that foreign investments declined to $55.7 million in 2017 from $385.6 million in 2014 but rose to $131.6 million in []
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Retail firms see a drop in profitability amid reduced consumers’ purchasing power
Thu, 21 Feb 2019
Several retail outlets in the country are worried about a decline in profitability the one not seen in years as they continue to grapple with several challenges undermining sales across the markets The slump in the purchase by consumers has escalated rapidly over the past year as the 13 largest listed consumer firms saw inventory []
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FIRS’ searchlight on 2,933 companies’ accounts raises industry dust
Thu, 21 Feb 2019
If the plans of Nigeria’s taxman finally work out, Nigerian banks will need to seek its approval to execute transaction in the accounts of no fewer than 2,933 companies said to have been identified for not paying taxes, BusinessDay can disclose. Though associated pressure may have reduced lately due to elections, but the Federal Inland []
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Our strange likeness for dictators in Nigeria
Thu, 21 Feb 2019
Prior to 2015, one of the major weaknesses Nigerians identified with Goodluck Jonathan, beyond his inability to tame grand corruption, is his supposed weakness or softness. The opposition was always quick to described him as ‘clueless,’ ‘soft,’ ‘weak,’ and a’coward’ with ‘weak biceps’who was incapable of tackling thewide range ofchallenges faced by the country then. []
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Nigeria: Where we were before and where we are now
Thu, 21 Feb 2019
Four years ago, the All Progressives Congress (APC) candidate, President Muhammadu Buhari, assumed office as the first Nigerian politician to defeat an incumbent in the democratic history our country, having campaigned vigorously on three main cardinal issues ‘ fighting corruption, growing and diversifying the economy, as well as securing the territorial integrity of our dear []
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Elections, access to forex, global trade output to shape Nigeria’s port business in 2019
Thu, 21 Feb 2019
The outcome of the 2019 general elections, availability of and access to foreign exchange, as well as global trade output are macroeconomic indicators that will drive growth in Nigeria’s maritime industry in 2019. By estimation, international developments as they relate to growth in global output and trade, situation in the global crude oil market and []
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Nigeria Breweries, Mobil, 24 others push stock market to new highs
Thu, 21 Feb 2019
Nigeria stock market gained about N77billion on Wednesday February 20, 2019 as investors snapped up the shares of Nigerian Breweries Plc and that of 25 other companies. The Nigerian Stock Exchange (NSE) All Share Index (ASI) increased by 0.64percent, while the Year-to-Date (ytd) return stood at 3.77percent. The All Share Index closed at 32,614.05 points []
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