Today’s Businessday Newspaper Headlines Thursday 28th February 2019

Today’s Business Day Newspaper Headlines

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Poor internet service reduces earnings of Nigerian content creators on YouTube
Thu, 28 Feb 2019
Even though Mark Angel could be currently making around $1 million from his comedy channel on YouTube, he can be making five times as much if internet service in Nigeria has not been a limiting factor. Not just Mark Angel but also every single content producer in Nigeria has been denied the opportunity to earn []
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Aviation sector records 13.5% growth in international operations in 18months ‘ Sirika
Thu, 28 Feb 2019
Hadi Sirika, the minister of State, Aviation has said that the aviation sector recorded an average growth of 33 per cent on domestic operations and 13.5 per cent on international operations between January, 2017 to June, 2018, amounting to 18 months period. Sirika said this growth is unprecedented in the country adding that the Buhari’s []
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Buhari receives certificate of return, appeals for cooperation
Thu, 28 Feb 2019
Having polled a total of 15,191,847 votes to defeat his closest rival, Atiku Abubakar of the People’s Democratic Party (PDP) who scored 11,262,978 votes, President Muhammadu Buhari of the All Progressives Congress (APC) on Wednesday in Abuja received a Certificate of Return from the Independent National Electoral Commission (INEC). Buhari was declared winner of the []
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Jumia poised to magnify market share with planned listing
Thu, 28 Feb 2019
E-commerce platforms- Jumia and Konga- are poised to consolidate their position in the Nigerian online shopping market with a planned listing on the New-York Stock Exchange (NYSE). Jumia is planning an Initial Public Offer (IPO) of $1.5 billion in New York Stock Exchange (NYC) in 2019. Experts are of the view that the strategic plans []
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Fertilizer plant skyrockets Dangote’s net worth to $16.6 billion
Thu, 28 Feb 2019
The richest man in Africa has become a whole lot richer, Bloomberg Billionaires Index shows, as Aliko Dangote’s net worth hit $16.6 billion, the highest level he has attained since 2015 when the business mogul was worth $18.3 billion around January of the year. Worth an estimated $10.8 billion only Tuesday, 26 February, Dangote’s valuation []
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Ordinary elections’we no fit!
Thu, 28 Feb 2019
We have always been advised to ‘chew’ our words so that these words do not become an embarrassingjudgment against us in future.Compare the statements of PMB as anAPC candidate in2015 andas President in 2019. In both instances, INEChad postponed elections, in the first case, 6 days to the election, in the other, few hours to []
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No to apartheid in Lagos
Thu, 28 Feb 2019
Desperation produced despicable actions on February 23, 2019, as thugs acting in the name of the All Progressives Congress stopped Igbo voters in various parts of Lagos. Where they could not stop them, they snatched and burnt ballot boxes so that the votes of these persons in Okota, Isolo, Oshodi and Mafoluku could not count. []
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Bitters War: Competition heightens among Bitters makers
Thu, 28 Feb 2019
The market for bitters is gradually heating up in the Nigerian beverage market. In recent times there has been a surge in the volume of sales of Bitters in the country. It is like a ‘scourge’ suddenly unleashed on the land. They are so popular that even at highbrow retail outlets the various brands have []
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Focus shifts to Buhari’s second-term economic outlook
Thu, 28 Feb 2019
The 2019 Presidential and National Assembly elections are over and President Muhammadu Buhari of the All Progressives Congress (APC) has emerged victorious, defeating his main challenger, Atiku Abubakar of the People’s Democratic Party (PDP), with 15.19 million votes to the 11.26 million. Much of the nation’s economic activities in past months were piloted against the []
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Purchasing Managers Index drops by 1.4 to 57.1 point
Thu, 28 Feb 2019
The Purchasing Managers Index (PMI) of the manufacturing sector dropped by a difference of -1.4 to 57.1 points in February compared to 58.5 index point recorded in January. The PMI report released on Wednesday by the Central Bank of Nigeria (CBN) shows an expansion for the 23rd consecutive month but on a slower rate. Ayodeji []
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After election, it’s business as usual while Atiku heads to court
Thu, 28 Feb 2019
The Nigeria economy will carry on with business regardless of the decision by Atiku Abubakar, the presidential candidate of People’s Democratic Party, to challenge the result of the 2019 presidential election in court, five analysts polled by BusinessDay have said. This is because the business community in Africa’s largest economy is now certain of whom []
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Election: Atiku begs foreign investors not to divest
Thu, 28 Feb 2019
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP) in last Saturdays election, has pleaded with international investors not to divest, following President Muhammadu Buharis reelection at the just concluded exercise. Atiku decried the loss of N85 billion at the Nigerian Stock Exchange market as a result of the presidential election. Consequently, he urged []
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Apapa: Why trucks are still off roads, bridges days after election
Thu, 28 Feb 2019
The two major routes to Apapa, Nigeria’s premier port city, Ijora Bridge and Apapa-Oshodi Expressway, have remained largely free for motorists to drive through five days after the trucks which ‘live’ on the two routes vacated, giving motorists and residents some level of relief and comfort. The trucks have, in the past five years, made []
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States’ finances, revenues offer insights into potential debt exposure crisis
Thu, 28 Feb 2019
The current financial viability of Nigerian states offers a clue on the possible crisis that might befall them if they were to offset their debts from their current income stream. The other option would be to look inward and deploy other means in growing their revenue base. As of half-year 2018, the total debt of []
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Africa’s richest man makes $17 billion bid for Immortality
Thu, 28 Feb 2019
Aliko Dangote’s plan to reduce Nigeria’s dependency on fuel imports will carve out an even bigger slice of the nation’s $376 billion economy for his empire. The best way to appreciate the scale of Aliko Dangote’s empire is to hitch a ride on one of his private jets. A half-hour after his Bombardier Challenger 605 []
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Bonds rise, stocks fall as investors rotate into fixed income
Thu, 28 Feb 2019
Dollar-denominated government bonds on Wednesday rose to the highest in 5-7 months following the announcement of a second term for incumbent President Muhammadu Buhari. The Independent National Electoral Commission (INEC) in the early hours of Wednesday declared Muhammadu Buhari of the All Progressives Congress (APC) winner of the 2019 Presidential election. Mahmood Yakubu, INEC chairman []
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NSE places Newrest ASL shares on full suspension
Thu, 28 Feb 2019
The Nigerian Stock Exchange (NSE) has placed on full suspension, the trading in the shares of Newrest ASL Plc. The shares of Newrest ASL were on Wednesday February 27, 2019 placed on full suspension, the NSE said in a notice signed by Godstime Iwenekhai, Head, Listings Regulation Department. In the Market Bulletin of February 19, []
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Investors book N86bn loss as large cap stocks lead laggards
Thu, 28 Feb 2019
Investors at the Nigerian Stock Exchange (NSE) booked loss of approximately N86billion on Wednesday February 27, 2019 as many largely capitalised companies occupied the list of 30 laggards as against 10 advancers. The results for last weekend’s presidential and national assembly elections have been announced. President Muhammadu Buhari emerged victorious and has received his certificate []
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Dangote Cement maintains market dominance, exports 0.8 metric tonnes of cement
Thu, 28 Feb 2019
Africa’s largest cement producer, Dangote Cement, has maintained its dominance of the Nigerian market, accounting for 65 percent of the total volume sold in the domestic cement sector in 2018. The company also exported 800,000 metric tonnes (MT) of cement to West African countries, strengthening Nigeria’s position as a cement exporting country, creating jobs in []
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Nigeria, Pakistan, Togo, Zimbabwe, others rank among world’s most complex markets
Thu, 28 Feb 2019
Nigeria, Bangladesh, Mali, Pakistan, Togo and Zimbabwe have been placed among the countries with the highest complexity in market, operational, and regulatory, according to a 2019 Global Markets Complexity Index (GMCI) report. The GMCI report was developed by Wilson Perumal & Company, a leading international management consulting firm in partnership with the Wall Street Journal, []
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Nigeria lags as mobile-money accounts now surpass bank accounts in Africa
Thu, 28 Feb 2019
Whilemobilemoney is spurring financial inclusion in Africa as against the conventional bank accounts,Nigeriaseems to be left behind as Africa’s largest economy is still in the process of giving license to Telecommunication companies to operate in the financial space. A recent publication by the International Monetary Fund (IMF) shows that there are more mobile money accounts []
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