Today’s Business Day Newspaper Headlines Friday 24th May 2019

Today’s Business Day Newspaper Headlines

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Harsh economy, sluggish growth shut down 18 reality TV shows
Fri, 24 May 2019
Nigerian companies are overburdened by the difficult operating environment occasioned by poor infrastructure and unfriendly government policies that have eroded consumer demand as well as their margins. This has forced the companies to rejig their marketing strategies by cutting down on social spending and other marketing platforms, including reality TV shows. No fewer than 18 []
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

Confidence in economy, appropriate pricing pull real estate sector out of 3-year recession
Fri, 24 May 2019
Improving investor confidence in the Nigerian economy and appropriate pricing by product suppliers were the major drivers of the positive growth that pulled the real estate sector out of a three-year recession in the first quarter of 2019, players in the sector have said. Nigeria’s real estate sector had been in negative growth territory in []
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Poverty, productivity and the National Assembly
Fri, 24 May 2019
Nigerian senators are worried about a ‘looming revolution’. And they’ve identified the cause: the poverty tsunami the country is facing. Last week they spent 90 minutes debating how to bridge the gap between the haves and have-nots. They talked about the chicken coming home to roost, the revolt of the downtrodden, the elites under siege []
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Nigeria’s music industry revenue inches closer to N18b, driven by telecoms ‘ DCEM Report
Fri, 24 May 2019
The revenue from recorded music in Nigeria has been projected to hit $50 million (N18 billion) by 2020, a 34 per cent increase from the $33 million revenue in 2015; N11.8 billion using the current exchange rate of 360. This growth was captured in the ‘Nigerian Recorded Music Industry Report (2015 2020)’, recently published []
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Fake export certificates undermine integrity of Nigerian commodities
Fri, 24 May 2019
The reputation of Nigeria as a credible exporter of agricultural goods is being put at risk as some exporters continue to circumvent stipulated standards and exporting goods using fake phytosanitary certificates. In many cases, unscrupulous exporters, without the knowledge of owners of the agricultural goods, ship such consignments out of Nigeria without the appropriate export []
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Stress, economic hardship, failing marriages link to rising suicide in Nigeria ‘ Experts
Fri, 24 May 2019
Breakdown in the ability to deal with life stresses, economic hardship, relationship break-ups and mental health are among the factors speeding upsuicidal cases in Nigerians at the moment. ‘Nigeria ranks 71 out of 177 countries accounting for 9.9 suicides per 100,000 populations of deaths annually’, according to data from the 2018 global Suicide rate report []
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Apapa: NPA awaits modalities on presidential order as gridlock shifts to neighbourhoods
Fri, 24 May 2019
Following President Muhammadu Buhari’s directive for the immediate clearing of the Apapa gridlock and the restoration of sanity in the port city and environs, the Nigerian Ports Authority (NPA), the implementing agency, said on Thursday it is awaiting the modalities for implementation of the new directive. ‘The president’s directive is an order that was just []
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Teams jostle for honors atAccess Bank/UNICEF Charity Shield Polo tournament
Fri, 24 May 2019
Eighteen highly rated polo teams from across the country are gearing up for Africa’s premium polo extravaganza as the annual Access Bank-UNICEF Charity Shield Polo tournament gallops-off at the Fifth Chukker Lawns of Kangimi Resort in Kaduna from Monday June 6 to Sunday to June 15, 2019. Executive Director, Retail Banking, Access Bank Plc, Victor []
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The tangled web of NASS rules on media access
Fri, 24 May 2019
The pithy declaration of Walter Scott is a usually reliable handle for understanding some of the utterly confusing actions of the government. Poet and essayist Scott declared, ‘O,what a tangled web we weavewhen firstwe practise to deceive!’in the poem Marmion. New rules released by the National Assembly Monday, May 20 represent a complex and tangled []
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Businesses and lifestyles of a declining mind and nation
Fri, 24 May 2019
Let me start by asking you to list just five entertainers you know from China. How about their churches or religious brands’ I bet you couldn’t even list three (remember they have over a billion people) but I bet the list would be endless if I asked for the biggest entertainment brands that shut down []
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Implications of April 2019 inflationary pressure on urban and rural CPI
Fri, 24 May 2019
The Consumer Price Index (CPI) which measures the average change over time in prices of basket of goods and services consumed by the people highlights a list of components under food and beverages, apparel, housing, transportation, education and communication, recreation, medical care as well as other goods and services. Inflation, the percentage change in the []
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SEC, NSE ease listing process to encourage more listings
Fri, 24 May 2019
The Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) have taken steps to ensure that the processes involving listing on the NSE become more efficient and cost effective. This would be achieved by streamlining the approval process between the SEC and the NSE, according to a statement issued on Thursday by the []
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NSE reverts to positive year-to-date return on Dangote Cement, MTN Nigeria
Fri, 24 May 2019
After slipping from a positive year to date performance in mid-march, the Nigerian Stock Exchange (NSE) has shown signs of a rebound as it extends daily gaining streak to the sixth consecutive day with year’s return now in the positive region. The Nigerian Stock Exchange on Thursday returned to a positive YTD territory after gaining []
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