Today’s Business Day Newspaper Headlines Monday 15th April 2019

Today’s Business Day Newspaper Headlines
 ago

Roads, policy, harmonised taxes top Ogun manufacturers’ demand from Abiodun
Mon, 15 Apr 2019
Manufacturers in various clusters in Ogun State are asking Dapo Abiodun, governor-elect of Ogun State, to renovate industrial roads and cut back multiple taxes levied on investors by the outgoing administration in the state. Speaking at a strategic meeting between Ogun State chapter of the Manufacturers Association of Nigeria (MAN) and the governor elect at []
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How Damilola revolutionises Nigeria’s food space
Mon, 15 Apr 2019
Damilola Lawal is the CEO of Beans Hub, a food processing business located in Lagos. The business is aimed at giving consumers convenience and a stress-free cooking experience. ‘Beans hub has just one product for now, which is the Bean Puree (blended beans),’ Lawal says. ‘It comes in two variants’blended puree and peppered puree. Bean []
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Can Nigeria’soldest conglomerate bounce back from problem-child woes as new challenges emerge
Mon, 15 Apr 2019
Investors and shareholders in Nigeria’s oldest conglomerate UACN will be keen to see management turn around the company, not only because its ‘problem child’ UACN Property Development Company (UPDC) plc is still struggling but also because new challenges are emerging. Not only was it the DNA of early Nigeria, the company was also once the []
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Nigerian stocks flash warning signals’is anyone paying attention
Mon, 15 Apr 2019
Nigeria’s main stock market index has returned -5.93 percent year to date (January 1st April 12, 2019) and -23.9 percent in the past year (between April 2018 and April 2019), one of the worst performances globally for frontier/emerging market equities. The Johannesburg Stock Exchange (JSE) by comparison is up +10.25 percent ytd, and +7.05 []
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FMAN eyes revolution in flour industry, invests millions in empowering bakers
Mon, 15 Apr 2019
Flour Milling Association of Nigeria (FMAN) is targeting a revolution in the industry as it pumps millions into capacity development of bakers and equipment acquisition for them. On Friday, several bakers graduated from the 13th batch of FMAN’s empowerment programme, which it did in partnership with the Yaba College of Technology’s Food Tech department, Lagos. []
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Low savings rates: Where are the savings to investment assets
Mon, 15 Apr 2019
The logic of savings is a very simple one for a country. To produce we need investments.In general, more investments mean more production. Investments in things like infrastructure, machinery and all that stuff which help us be more productive. Investments don’t just appear though. They generally come from savings. Savings here meaning whatever we produce []
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Presidential race 2019: Atiku mimicked Trump but lacked his populist touch
Mon, 15 Apr 2019
Recently, Atiku Abubakar, a leading presidential candidate and runner-up in this year’s presidential election, tweeted a message congratulating the US President, Donald Trump, on the conclusion of the Mueller investigations that he did not collude with Russia to influence the 2016 US presidential race. In the tweet, Atiku said: ‘I congratulate @realDonaldTrump on his vindication []
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Nigeria’s tax woes revealed by low active VAT accounts
Mon, 15 Apr 2019
Sourcing for revenues to fund Nigeria’s 2019 budget would have been a little easier if the country was able to widen its tax base, especially the proportion of its Value Added Tax (VAT) accounts that were active. Sources tell BusinessDay that of the over 1.5 million registered VAT accounts in 2018, only an estimated 77,000 []
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Neither oil rally nor IMF upgrade is enough for Nigeria stocks
Mon, 15 Apr 2019
Africa’s largest oil producer is short of worthy catalysts to inspire confidence in its economy. Nigeria has often been able to paper over deep cracks in its dysfunctional economy if oil prices and production stayed put at favourable levels. But that leverage is thinning. That’s because while oil prices have rallied this year, with Brent []
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We have not taken any foreign loans in my 4-year tenure- Ambode
Mon, 15 Apr 2019
Outgoing Lagos State governor, Akinwunmi Ambode, says his four-year administration took no foreign loans despite the pressure on the state’s Internally Generated Revenue (IGR) due to massive infrastructure projects the administration set out to accomplish to cater to the growing needs of the estimated over 21 million residents of the state. According to Ambode, although []
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Nigeria to float N15 billion green bonds before year end
Mon, 15 Apr 2019
Nigeria is set to issue another N15 billion green bond before year end, following a successful 2017 debut to finance climate change related projects. Minister of finance, Zainab Shamsuna Ahmed said on Sunday that the new bond proceeds would be utilized to finance projects in agriculture, power sector, and water resources. ‘On the Eurobond, the []
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