Nigeria's leading finance and market intelligence news report.
Get The Latest Update On The Coronavirus Pandemic And How It Affects You.

Coping with the lockdown  Live updates  Newsletter

LEAD STORIES

Businessday Investigates

Short Takes

Nigeria records 23 new cases of Coronavirus, total now 174

Nigeria has recorded Twenty-three new cases of Covid-19 (Coronavirus), this brings the total number of confirmed…

Coronavirus: Nigeria now has 7 functional laboratories

Nigeria now has seven functional laboratories with the capacity to test for Coronavirus to tackle the pandemic.…

MultiChoice Nigeria commits N1.2bn to support fight against Coronavirus

MultiChoice Nigeria, the owner of Digital Satellite Television (DStv) has announced a commitment of N1.2 billion to…

OIL PRICE CRASHES, ECONOMY IN TURMOIL

Nigeria sells its crude at discount to undercut rivals in bruising oil…

Nigeria seems to be carving out front in the North Sea market covering the Norwegian sea by offering its crude at…

Dollar sells for N400 at black market after CBN adjusted FX

The foreign exchange pressure resumed on Monday, as the dollar sells at N400 at the black market after the Central…

Stock market to remain volatile

The Nigerian stock market will remain volatile today Monday March 23 given the circumstances surrounding the…

Nigeria’s external reserves slip below $36bn, lowest in 29 months

Nigeria’s external reserves on Wednesday fell below $36 billion mark, touching its lowest levels in 29 months. The…

PREMIUM

EDITORIAL

Nigerian political elite and Dubai property market

The Nigerian political elite are a special breed who, after contesting and winning elections, become affluent,…

The arrogance and impunity of Nigerian political elite

When in 1998 Olusegun Obasanjo was asked why he was seeking political office as president after leaving office 20…

Nigeria equities in the time of coronavirus

If a devaluation of the naira was the sole factor that decided the price of stocks on the exchange, foreign and…

Making the most of the lockdown for citizens

Nigerians enter this Monday the first week of the lockdown declared across the country. It commenced on Thursday 26…

Insight

Women in Business

Women in Business: Sharon Ikeazor

Sharon Ikeazor (born August 28, 1961) is a Nigerian lawyer, politician and management consultant. She is the former…

Women in Business: Anino Emuwa

Anino Enuwa is the founder and managing director of Avandis Consulting in France which has a subsidiary in Nigeria.…

Women in Business: Oluwakemi Okusanya

Visa is a global payments technology company working to enable consumers, businesses, banks and governments to use…

Women in Business: Chinwe Esimai

Chinwe Esimai is a Thought leader, trailblazing corporate executive, inspiring immigrant women leaders to…

Sponsored

Tangerine Term Life insurance plan: Protecting your loved ones in uncertain…

In times of uncertainty, like the world is facing now, it is important to protect ourselves and the people we love.…

Jobberman is Helping Employers Improve Their Recruiting Process with an…

Jobberman, a leading online career portal in Nigeria has launched the Jobberman Skills Assessments, a unique hiring…

A Call to President Buhari to Save the Investors at LADOL Free Zone

We call upon Mr President to save foreign investments in LADOL; we call upon Mr President to act fast for the sake…

Companies

Coronavirus: NPDC Donates multi-million-naira medical equipment to Edo…

The Management of Nigerian Petroleum Development Company (NPDC) Limited on Wednesday donated medical and protective…

Parah Family Foundation postpones 3rd annual fertility conference over…

The 3rd annual Fertility conference of the Parah Family Foundation ( PFF) is working with its partners and Key…

Zoom dumps snooping Facebook code from IOS app as shares surge continues

Zoom, a video conferencing company says it has removed the data- sharing code from the app, after series of…

Economy

Nigeria must prepare for a big hit in a prolonged recession, say UK experts

Members of a webinar panel of experts organised by the Financial Times yesterday said Nigeria would take a big hit…

Nigeria’s total debt stock rises 12% to N27.4 trillion in 2019

Nigeria’s total debt stock rose to N27.40 trillion in 2019, an increase of around 12.36 percent year-on-year from…

CBN to rollover N95.7bn NT-bill Wednesday

The Central Bank of Nigeria (CBN) is expected to rollover N95.7bn worth of maturing Nigerian Treasury Bills…

Energy

Energy Access As Essential Service, Unlocking Tools to Combat COVID-19

Power is an essential weapon in the fight against COVID-19. Without energy access ventilators and oxygen…

Oil majors could shut-in fields, slash dividends, if low prices persist

International Oil companies could soon suspend payment of dividends to shareholders and cut back production as a…

Trump Says Saudi Arabia, Russia to Meet on Oil Price Crash

President Donald Trump says the U.S. would meet with Saudi Arabia and Russia with the goal of halting an historic…
zenth bank

Politics

PDP, BMO lock horns over ‘palliatives’ in Buhari’s broadcast  

The parable over the variegated definitions of an elephant as given by ten blind men appears to be repeating itself…

Coronavirus: Oyo state should be given same treatment as Lagos, Ogun…

President Muhammadu Buhari has been asked to include Oyo State and other states with confirmed cases of Covid-19 in…

Coronavirus: APC asks Makinde to lockdown Oyo, or resign

Oyo State chapter of All Progressives Congress (APC) has urged Governor Seyi Makinde to lock down the state due to…

Coronavirus: PDP attacks Buhari, says address empty, failed to address…

The Peoples Democratic Party (PDP) has described President Muhammadu Buhari’s long awaited address on the…

Life and Culture

International Breweries backs Tuface’s e-concert to curtail coronavirus…

Innocent Idibia, popularly known as Tuface, will on April 12 hold an e-concert in a bid to slow the spread of the…

Africa partners UNWTO on tourism investment, security

Tourism ministers across the African continent are seeking further partnerships with the United Nations World…

‘2020 is a year of acceleration for Radisson Hotel Group’

The last four years have recorded strong growth for the Radisson Hotel Group in Africa. Within the…

Man Enough showing at Terra Kulture Arena every Sunday in February

Man Enough is the voice of man crying to be heard, yelling to be saved from a world that thinks he is ‘Super Man’;…

Technology

LASU develops new self-test Mobile App to support fight against Coronavirus

The Department of Computer Science, Lagos State University (LASU) has developed a mobile app  for  individuals…

Why Nigeria’s off-grid space struggles to keep lights on

Despite the opportunity Nigeria’s endless power generation problem represents for alternative sources of…

SophosLabs tracking shows significant uptake in COVID-19 cyber-scams

SophosLabs is tracking how the use of “COVID-19” and “coronavirus” in domain names, spam, phishing attacks, and…

Five steps businesses can take to stay in touch during COVID-19

We are already seeing businesses coming together to share information, connect and support each other, their…

Top Videos

Podcast

Market Intelligence

Why Nigerian banks might struggle to create risk assets in 2020

The Central Bank of Nigeria’s (CBN) reiteration of the 65 percent Loan-to Deposit ratio (LDR) means banks must…

Large caps maintain dominance as profits jump

Nigeria’s largest stocks are maintaining their dominance in the local bourse as they recorded improvement in profit…

Why revision 2.0 on national budget and crude oil price benchmark remains a…

Crude oil price decline can’t seem to find a bottom and Nigerian government revenue stream appears to be…

Coronavirus proves lethal to 3 year old Trump rally in US Markets

The fatality rate of coronavirus may be among the lowest of any health pandemics but for the Trump tax cut rally,…

Financial Times

The ventilator challenge will test ingenuity to the limit

From inventors to academics, carmakers and aerospace companies, a race is under way to build hundreds of thousands…

Big companies raise record sums from bond market in dash for cash

The world’s highest-rated companies, including Warren Buffett’s Berkshire Hathaway, Disney and the drugmaker…

Officials warn Africa is at ‘break the glass’ moment

Africa has reached a “break the glass moment”, an emergency in which international actors need to take drastic…

EU backs bank rule delay to spur crisis lending 

Europe’s financial regulation chief has pledged to delay tough new capital rules for banks, saying that support for…
Get The Latest Update On The Coronavirus Pandemic And How It Affects You.

live updates  Newsletter

Coping with the lockdown

Businessday Investigates

Abule-ado: The collapse of a community

By a pile of shattered pillars and slabs that had rapidly changed from wearing grey to smoky black, Mrs. Ojo stood…

INSIGHT

state of the nation
Whynigeria is broke (1)

More Premium

Coronavirus: Buhari’s lockdown order tests Lagos’ dynamism

President Muhammadu Buhari on Sunday ordered a total lockdown of Lagos, Ogun and the Federal Capital Territory…

Social media misinformation complicates Nigeria’s fight against coronavirus

The Nigerian Centre for Disease Control (NCDC), a government agency in the forefront of the fight against COVID-19,…

Play defence with these names amid market selloff

MTN Nigeria and Airtel Africa are good defensive stocks amid the gloom caused by the coronavirus pandemic that is…

Dated Brent falls to $17 as physical, futures markets diverge

Brent and West Texas Intermediate futures are holding above $20 a barrel, while prices of actual barrels are in…

Women In Business

Women in Business: Sharon Ikeazor

Sharon Ikeazor (born August 28, 1961) is a Nigerian lawyer, politician and management consultant. She is the former…

Magazines

zenth bank

More Stories

Opportunities in corona for Nigeria 

The coronavirus bears a huge SWOT signboard. While many are focused on the Strengths and Weaknesses in the…

COVID 19: Africa go survive the ‘viruses in power’

No doubt, the virus called Corona is in power around the world, killing innocent lives and rendering big nations…

Rising community transmission of COVID-19 strengthens case for social distancing

New cases of coronavirus infections being recorded in Osun, Ekiti and other states indicate that community spread…

World Autism Awareness Day: Challenges of COVID-19 on autism community, caring for the child and keeping hope alive

When Nwanze Okidegbe’s son was diagnosed with Autism at the age of two and half years, he was in denial. Nwanze,…

The role of manufacturers in mitigating impact of coronavirus

Coronavirus, also known as Covid-19, has infected the world and its systems. The social, economic, political and…

Oga-Coro, humbled humanity and a changing paradigm…. New Englishes in Nigeria

A radio OAP (99.3FM) the other day advised that we should address CORO with some respect because it was (and is…