Today’s Business Day Newspaper Headlines Monday 1st April 2019

Today’s Business Day Newspaper Headlines

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Why value-addition is critical in 21stcentury economy
Mon, 01 Apr 2019
Nigeria has abundant raw materials but these are mostly exported as raw commodities or products. As a result, the country loses billions of naira and thousands of jobs to countries which do the real value addition. A report released by Nigerian Export Import Bank (NEXIM), using cocoa as a case-study, shows that Africa accounts for []
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Banks’ income from investment securities hit N655bn in 2018
Mon, 01 Apr 2019
Analysis of the 2018 audited financial statements of nine lenders that have released full-year results shows income from investment securities increased by 8.45 percent to N655.88 billion, from N604.76 billion as at December 2017, according to data compiled by BusinessDay. That compares with a 49.011 percent growth in income from bond and treasury bills in []
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Raphael James: A phenomenal social, education entrepreneur
Mon, 01 Apr 2019
Raphael James is a man of many parts. An exceptional social entrepreneur, the Abia State-born academic has written 53 manuscripts and published 23 books. He is a graduate of Psychology from Ondo State University, Ado-Ekiti, and holds a certificate in Conflict Resolution from California State University. He is founder and director-general of the Centre for []
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Mirror, mirror’who’s the biggest of them all
Mon, 01 Apr 2019
Competition has been intensifying lately in Nigeria’s financial services industry, particularly in its banking system. A merger between tier-one lender, Access and mid-tier Diamond bank has catapulted the new entity which begins operations as a single firm today, into Nigeria’s largest bank by a couple of metrics. The new Access Bank will have total assets []
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How Rotimi makes his mark in business
Mon, 01 Apr 2019
Adeiza Shamoos Rotimi is one of Nigeria’s youths who cannot be classified as lazy. A very active entrepreneur, he has tried his hands on many things and is focused on creating value in Nigerian and African economies. Although he hails from Kogi State, he was born in Lagos and has lived his entire life there. []
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Lessons from industrial development in South Korea
Mon, 01 Apr 2019
It’s no secret that Nigeria has recently been tilting towards more protectionist policies. The logic is straight from the import substitution playbook and typically goes like this: we import too much of product x when we could be producing it locally. We don’t produce it locally because foreign competition is too fierce. If we protected []
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Concerns as FG gradually relegates MTEF/FSP, abuses Fiscal Responsibility Act
Mon, 01 Apr 2019
The Federal Government is gradually making the Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) less relevant by not allowing that very important document which sets out key assumptions for the expenditure planning to be passed before the budget is even sent to the National Assembly for appropriation. Findings by BusinessDay show that since []
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Abiodun faces task of retaining aggrieved investors at Ogun industrial clusters
Mon, 01 Apr 2019
Dapo Abiodun, Ogun State governor-elect, faces a daunting task of retaining aggrieved investors and attracting new ones to Ogun State industrial clusters when he is finally sworn in. Ogun has beaten Lagos as a favourable investment destination in the last six to eight years, but this is gradually changing as major issues that scared investors []
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Brexit: The tortuous road to EU exit that is convulsing Britain
Mon, 01 Apr 2019
Few people can escape the tumultuous Brexit debate. But for those of us who live in Britain, it is our daily grind. You are gripped everyday by the high decibels of the babel of voices, the cacophonous noises, the staccato rhythm. The events over the past two weeks, during which the UK parliamentseized control of []
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Investors await Buhari’s plans to kick-start economy
Mon, 01 Apr 2019
Nigerian stocks are down some 4 percent since President Muhammadu Buhari’s re-election in February as investors struggle to find positive triggers to swoop for stocks at a time when the allure of double-digit yielding fixed income government securities has proved difficult to resist. Although the bearish stock market mirrors a global shift from risk assets []
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