Today’s Business Day Newspaper Headlines Monday 8th April 2019

Today’s Business Day Newspaper Headlines

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10 things learntfrom IMF Article IVabout state of Nigerian economy
Mon, 08 Apr 2019
When a country joins the International Monetary Fund (IMF), it makes a commitment to pursue policies that are conducive to orderly economic growth and reasonable price stability, and to provide the IMF with data about its economy. The IMFs regular monitoring of economies and associated provision of policy advice is intended to identify weaknesses that []
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Was Buhari right to reject $1bn Ajaokuta Completion Bill
Mon, 08 Apr 2019
Last week, Nigeria’s President Muhammadu Buhari rejected the Senate-proposed $1 billion for the revival of Ajaokuta Steel Complex in a bill now known as Ajaokuta Steel Company Completion Fund Bill. In a synopsis, Buhari said he rejected the bill, among others, because appropriating $1 billion from the Excess Crude Account to Ajaokuta was not ‘the []
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Poor power supply, low access to credit, high interest rate constraining Nigerian businesses
Mon, 08 Apr 2019
Insufficient power supply, high interest rate, unfavourable economic climate and financial problems are among major factors constraining business activity in Nigeria, according to businesses surveyed in the Central Bank of Nigeria’s Business Expectations Survey Report for March 2019. The firms also identified unfavourable political climate, unclear economic laws, insufficient demand and access to credit as []
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Buhari’s planned tax hikes fail the magna carta test
Mon, 08 Apr 2019
The budget and national planning minister, Udo Udoma, and the executive chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, recently hinted that the federal government would raise the value-added-tax (VAT) rate by 50%, that is, from the current 5% to 7.5% or even 10%. They said the proposed increase was necessary to fund []
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Can fashion be inclusive’ Small-scale trade can reach customers directly
Mon, 08 Apr 2019
This GrowthView article is a continuation of our last article ‘Inclusive: how prosperity and growth go hand in hand’. This second part, demonstrates with an anecdotal example of how small-trade can be inclusive, honest and bring in straight-forwardincome. What is that we value and how do we want to do business’ Life isnot []
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The rise of women dairy makers
Mon, 08 Apr 2019
Dairy making or farming was once seen as an exclusive preserve of men. But the story is gradually changing, with women getting more involved in producing the milk Nigerians consume daily. Hawawu and Umu Abdullahi are both wives and mothers. Before FrieslandCampina WAMCO, a Dutch dairy maker in Nigeria, started a project known as the []
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Manufacturers to gain as Bayer offers solution to pest management in maize
Mon, 08 Apr 2019
Bayer Middle Africa Limited has proffered solution to pest management in maize farming, thereby boosting the fortunes of manufacturing companies using maize as an input. The second annual Nigeria Maize Conference organised by Bayer Middle Africa Limited held in Abuja on April 3, 2019, attracting more than 40 farmers, agriculturists, academics and government agricultural experts. []
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The black monk (4)
Mon, 08 Apr 2019
After the assassination, Dimka had made a broadcast at the Nigerian Broadcasting Corporation (NBC) studio in the following words: ”Good morning fellow Nigerians, This is Lt. Col. B. Dimka of the Nigerian Army calling. I bring you good tidings. Murtala Muhammed’s deficiency has been detected. His government is now overthrown by the young revolutionaries. Any []
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Nigerians binge on dollar savings as naira devaluation memory lingers
Mon, 08 Apr 2019
The race by customers of Nigerian banks to buy foreign currency, especially dollars, and pile into their domiciliary account is on the increase as the country’s biggest banks recorded upticks in foreign currency deposits. Dollar deposits in the five biggest banks that have released full year 2018 results grew by 19.6 percent from 2017 levels []
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Rivers now fastest growing state IGR despite political instability, exodus of companies
Mon, 08 Apr 2019
In spite of political turmoil that saw the exodus of companies from the oil city of Port Harcourt with attendant loss of jobs, Rivers State has recorded the fastest growth in Internally Generated Revenue (IGR), according to figures released late last year by the National Bureau of Statistics (NBS). Rivers State IGR grew by 36.13 []
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FG determined to improve its revenues ‘Udoma
Mon, 08 Apr 2019
The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Tuesday in Abuja, emphasised that the Federal Government is determined to improve its revenue generation this year and has already taken a number of steps in that direction. While briefing the House of Representatives Joint Committee on Finance, Appropriation, Planning and Economic Development []
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