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Businessday Investigates

LEFT TO SUFFER (I): Boko Haram Rapists Impregnated Them. Now, They Love and Hate their Children at the Same Time

Ibrahim Adeyemi
IBRAHIM ADEYEMI spent a month combing the length and breadth of Borno in search of children sired by…

Short Takes

Explainer: Why Nigeria’s Voluntary Offshore Assets Regularisation Scheme matters

Stephen Onyekwelu
Last Friday, President Muhammadu Buhari signed an amendment to Executive Order…

Here are Nigeria’s four best-performing sectors in Q1’2020

Okafor Endurance
In the first three months of 2020, the Nigerian economy reported its worst…

Here are ten major points to know about how Ardova Plc in first quarter 2020

Oladehinde Oladipo
Figures from Nigeria’s listed downstream firm Ardova Plc has revealed how the…

Coronavirus Watch

 Kano condemns social media attack on Coalition Against Covid-19…

Adeola Ajakaiye
The Kano State government has described as a mischievous attempt to misrepresent facts, a viral video footage in…

COVID-19: After rift, Anambra, Delta agree to free traffic on Niger bridge

Mercy Enoch
Hours after Delta State Government pulled down the iron barricade mounted at Asaba end of Niger Bridge by the…

COVID-19: Nigeria’s cases rise by 276 to 8344

Anthonia Obokoh
Nigeria recorded 276 new coronavirus cases on Tuesday, as the country’s total infection rose to 8344. The…

Start-Up Journal

DBN sets up credit guarantee company to boost lending to MSMEs

The Development Bank of Nigeria (DBN) has set up a Credit Guarantee Subsidiary in order to push more lending to the…

Maduka to compete with world’s leading entrepreneurs in Monaco

Cosmas Maduka, founder and president of Coscharis Group of Companies, a leading Nigeria’s indigenous conglomerate,…

Lockdown weighs on SMEs as margins fall on inter-state restrictions

Measures taken to curb the spread of coronavirus may be timely and inevitable, but they are also hurting small…

Fintech start-up, Kiakia, launches P2P lending investment mobile app

KiaKia, one of Nigeria’s leading lending fintech companies, has launched the first lending investment mobile app in…

Sponsored

Nile University Ensures Education Continuity Amid COVID-19 Pandemic

BusinessDay
Following the arrival of the COVID-19 pandemic in Nigeria and the realization that the country would need to go on…

Axxela achieves landmark 5 million LTI-Free man-hours

BusinessDay
May 4, 2020 (Lagos, Nigeria) — Axxela Limited (“Axxela”), sub-Saharan Africa’s preferred fast-growing gas &…

GroupFarma cultivates 2,500 hectares of premium rice

Ifeoluwa Awosoji
Groupfarma, a brand owned by Timesellers Limited, an Agritech Company, is cultivating a total of 2,500 hectares of…

FCMB Connects Entrepreneurs To Experts With “Top-5-In-5” Initiative

BusinessDay
Leading financial services provider, First City Monument Bank (FCMB), has continued to blaze the trail with…

OIL PRICE CRASHES, ECONOMY IN TURMOIL

Explainer: Why has the pump price of diesel remained same despite oil…

Within the past three months, the oil market has been hit by the twin combination of a price war among producers…

Oil faces stuttering, uneven return to normality

Just one month ago, US oil prices turned negative for the first time in history. Today, oil is back above $30 a…

A Month after oil plunged into the Abyss, prices are rebounding

For the world’s most important commodity, there’s never been a month like it. Just a few weeks ago, crude oil was…

Huge glut of oil sitting on tankers shows signs of shrinking

One of the oil market’s most obvious signs of oversupply -- millions of barrels being stored on tankers all over…

PREMIUM

Kaduna’s IGR revolution is fast-paced and it’s bearing results

OUR REPORTER
There is a fast-paced push to revolutionise internally generated revenues in Kaduna State, northwest Nigeria, and…

How Nigeria can exit COVID-19-induced economic crash

COVID-19 seen wiping gains of Nigeria’s $5.854bn investment inflows in…

COVID-19: Commuters at breaking point as transporters burden with…

Relief for taxpayers as LIRS further extends deadline for filing…

Relief for taxpayers as LIRS further extends deadline for filing annual…

Joshua Bassey
The Lagos State government has further extended the deadline for filing of annual tax returns to June 30, 2020.…

Nigeria’s power infrastructure to get urgent makeover

The gloom, doom in Nigeria’s Q1’20 GDP report

Developers adjust, rethink products offering as property market faces…

Why inclusion of all countries is critical in global race for COVID-19…

EDITORIAL

Nigerian scientists’ COVID-19 advances promising for Africa 

The Editorial Board
Nigeria, often derided as the big for nothing giant of Africa has made two major scientific breakthroughs since the…

A crisis not to be wasted

The Editorial Board
The confluence of COVID-19 and an oil market collapse means that our oil boom is well and truly over. We have no…

Support Nigeria’s informal sector to spur development

The Editorial Board
The COVID-19 pandemic has brought negative economic consequences in the form of job losses, threatened the…

Nigerians abroad: Surplus in a time of shortages

The Editorial Board
It's estimated that more than 4,000 Nigerian doctors practice in the US; over 5,000 in the UK and 568 in Canada (a…

Wealth And Investing

Money Is A Tool, Not A Noose

JR Kanu
In anticipation of this week’s article, people who follow @findreach on social media were asked to select what they most valued when choosing a career. The options were money, personal growth,…

How to Win in a Recession

Slight liquidity squeeze expected in absence of NT-Bill, OMO…

How to identify a Ponzi scheme

CBN rejects Investors demand as N70bn OMO records no sales 

In Focus

Nigeria’s power infrastructure to get urgent makeover

The gloom, doom in Nigeria’s Q1’20 GDP report

Developers adjust, rethink products offering as property market faces…

Why inclusion of all countries is critical in global race for COVID-19…

Investors fear Nigeria’s FX market going back to dark days of 2016

Insight

Infograph of the week

Alaro city

Highlights

Relief for taxpayers as LIRS further extends deadline for filing…

Joshua Bassey

NIMC issues NIN to 41 million Nigerians, as diaspora enrollment…

James Kwen

Nigeria investment inflows surge to $5.854 bn, Q1 2020

Cynthia Egboboh

Women in Business

Women in Business: Jane Amuta

Kemi Ajumobi
Jane quit banking six years ago and ventured into private business as a fitness, health and beauty entrepreneur,…

Women in Business: Mofolusade Sonaike

Kemi Ajumobi
Mofolusade Sonaike is the MD/CEO of Mumpreneur.ng. and Trezorlandia Limited. She is popularly referred to as the…

Abimbola Banu-Ogundere, inspiring a generation of impactful education…

Kemi Ajumobi
Abimbola Banu- Ogundere is an education advocate and education leadership expert whose life's work is to create a…

Chika Okorafor Aneke, intentional about qualitative teaching

Kemi Ajumobi
Chika Okorafor Aneke is re-defining what it means to be a teacher. With over 23 years of teaching and 17 years of…

Companies

Premium Pension names Babayo new board chairman

Modestus Anaesoronye
The Board of Premium Pension Limited has announced changes in its corporate structure with the appointment of…

Dangote Cement posts strong performance in Q1 as profit before tax up by…

Segun Adams
Africa’s leading cement manufacturer, Dangote Cement plc, has posted a strong performance in the first quarter…

FG bows to pressure, drops Air Peace from evacuating Nigerians from Canada

Ifeoma Okeke
The Federal Government has bowed to pressure from the Canadian government to drop Air Peace from carrying out the…

Economy

Supply disruptions, structural challenges push trade sector into deeper…

Bailey Oluwabunmi
The trade sector, Nigeria’s second-largest sector by output contribution, contracted sharply in three months…

Here is what’s next after subsidy removal

Hope Ashike
Going forward, the downstream oil and gas industry is expected to be more competitive and liquid following the…

NIMC issues NIN to 41 million Nigerians, as diaspora enrollment continues…

James Kwen
The National Identity Management Commission (NIMC) said it has enrolled and issued the National Identity Number…

Energy

Here is what’s next after subsidy removal

Hope Ashike
Going forward, the downstream oil and gas industry is expected to be more competitive and liquid following the…

Covid-19: Oil companies face maintenance worry on Nigerian oil assets

Oladehinde Oladipo
The effect of the coronavirus pandemic is causing maintenance worry for most oil and gas companies operating in…

Renewable energy to boost employment as FG reverses VAT imposition

Stephen Onyekwelu
Investors in Nigeria’s renewable energy sector can now heave a sigh of relief as the Federal Government of Nigeria…

Politics

Group backs Oyo govt over loan, says infrastructure, health sector need…

Remi Feyisipo
Following criticism by the opposition All Progressive Party (APC), Oyo Kajola Group (OKG), Oyo State-based…

2020 Children’s Day: Gbajabiamila calls for policies to reduce number…

James Kwen
The Speaker of the House of Representatives, Femi Gbajabiamila on Tuesday said all policies, including legislative…

Why Govs are meeting over autonomy of states’ judiciary, legislature

Solomon Ayado
The 36 state governors in the country will meet today, Wednesday to take a decisive position on the financial…
zenth bank

Magazines

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Technology

How agritech firms in Africa are enabling food security, supply amid…

Opeoluwa Runsewe
The COVID-19 may have governments, scientists and health workers confused as to how to contain it, it has, however,…

Coven Works launches online AI School, targets 200,000 beneficiaries in 6…

Jumoke Akiyode-Lawanson
As part of the efforts to democratize and encourage both young people and job seekers to embrace life-long learning…

Understanding how Internet Service Providers estimate data usage and how to…

Jumoke Akiyode-Lawanson
Due to the Coronavirus pandemic and lockdown of states across the country, Nigerians are staying at home and making…

Jeff Bezos trillionaire tale and Nigeria’s e-commerce

Aliyu Yakubu
America’s Jeff Bezos, founder of e-commerce giant, Amazon, is becoming a trillionaire in the midst of COVID-19…

Life and Culture

Obasanjo, Abiodun, Amosun mourn as Ogun Muslims head, Orunsolu, dies at 98

Razaq Ayinla
Former President Olusegun Obasanjo, ex-Governor Ibikunle Amosun and Governor Dapo Abiodun of Ogun State have…

Condolences pour in for former World Court judge, Adolphus Karibi-Whyte

Ignatius Chukwu
The rumoured death of the former World Court judge and Supreme Court Justice, Adolphus Godwin Karibi-Whyte, seems…

Eid-el-fitri: Sanwo-Olu calls for moderate  celebrations 

Joshua Bassey
Lagos State governor, Babajide Sanwo-Olu has urged for moderate celebrations as the Muslims mark end of the…

Eid-el-Fitri: Gov Abiodun felicitates Muslims, urges compliance with…

Chuks Oluigbo
Ogun State governor, Dapo Abiodun, has sent a message to Nigerian Muslim faithful as they join other…

Top Videos

Podcast

Market Intelligence

Why CBN $100m weekly dollar sales is not enough to end dollar scarcity

Ifeanyi John
After CBN announced last April that it was going to resume sales of around $100m to Small and Medium…

Despite period of volatility, Airtel Africa delivers strong earnings growth

Bala Augie
Airtel Africa Plc is taking advantage of the country’s population growth and the need for increased connectivity…

Lagos could lose almost N133bn everyday if it implements a total lockdown

Ifeanyi John
Lagos State is unarguably the most populous and prosperity city in Nigeria and accounts for up to one third of the…

Despite Covid-19 crisis, Gtbank remains most efficient lender in Nigeria

Bala Augie
Amid the global economic turbulence caused by the coronavirus pandemic, Guaranty Trust Bank (Gtbank) has sweated…

Financial Times

Can New York avoid a coronavirus exodus?

Financial Times
Just over a year ago, before the modern plague descended, Manhattan’s Hudson Yards threw a launch party that was…

Macy’s pledges stores as collateral in $1.1bn bond deal

Financial Times
Macy’s is turning to its real estate portfolio to raise cash in the coronavirus crisis, pledging several of its…

Market ‘distress’ over virus sparked emergency Wall St measures

Financial Times
More than 270 of Wall Street’s key trading staff were summoned for emergency weekend duty to clear a massive…

Global stocks push higher on easing virus nerves

Financial Times
Global stocks climbed on Tuesday, building on a rally that has been defying pessimists for two months. The US…

Lead Stories

AfDB to order New Probe of Adesina after US pressure

Our Reporter
The African Development Bank’s board decided the lender should order a new independent probe of its president,…

Kaduna’s IGR revolution is fast-paced and it’s bearing results

How Nigeria can exit COVID-19-induced economic crash

Explainer: Why Nigeria’s Voluntary Offshore Assets Regularisation…

Recent

Explainer: Why Nigeria’s Voluntary Offshore Assets Regularisation…

COVID-19 seen wiping gains of Nigeria’s $5.854bn investment inflows in…

COVID-19: Commuters at breaking point as transporters burden with…

Relief for taxpayers as LIRS further extends deadline for filing…

COVID-19: Nigeria’s cases rise by 276 to 8344

Nigeria’s power infrastructure to get urgent makeover

The gloom, doom in Nigeria’s Q1’20 GDP report

Developers adjust, rethink products offering as property market faces…

Why inclusion of all countries is critical in global race for COVID-19…

Today's E-paper

Businessday Investigates

LEFT TO SUFFER (I): Boko Haram Rapists Impregnated Them. Now, They Love and Hate their Children at the Same Time

Ibrahim Adeyemi
IBRAHIM ADEYEMI spent a month combing the length and breadth of Borno in search of children sired by Boko Haram…

Start-Up Journal

DBN sets up credit guarantee company to boost lending to MSMEs

Onyinye Nwachukwu
The Development Bank of Nigeria (DBN) has set up a Credit Guarantee Subsidiary in order to push more lending to the…

Maduka to compete with world’s leading entrepreneurs in Monaco

Lockdown weighs on SMEs as margins fall on inter-state restrictions

Fintech start-up, Kiakia, launches P2P lending investment mobile app

Columnists

Sorry, sorry, sorry

Oladapo Akande

Banking and the prudential burden of a pandemic

Emeka Osuji

Money Is A Tool, Not A Noose

JR Kanu

Coronavirus watch

 Kano condemns social media attack on Coalition Against Covid-19 intervention

Adeola Ajakaiye
The Kano State government has described as a mischievous attempt to misrepresent facts, a viral video footage in…

COVID-19: After rift, Anambra, Delta agree to free traffic on Niger…

COVID-19: Nigeria’s cases rise by 276 to 8344

We can look at other anti-malaria drugs for COVID-19 treatment, health…

Short Takes

Explainer: Why Nigeria’s Voluntary Offshore Assets Regularisation Scheme matters

Stephen Onyekwelu
Last Friday, President Muhammadu Buhari signed an amendment to Executive Order 008 on the Voluntary Offshore Assets…

Here are Nigeria’s four best-performing sectors in Q1’2020

Here are ten major points to know about how Ardova Plc in first…

Lagos, Rivers account for 40% of internally generated revenues in…

Sponsored

Nile University Ensures Education Continuity Amid COVID-19 Pandemic

BusinessDay
Following the arrival of the COVID-19 pandemic in Nigeria and the realization that the country would need to go on…

Axxela achieves landmark 5 million LTI-Free man-hours

GroupFarma cultivates 2,500 hectares of premium rice

FCMB Connects Entrepreneurs To Experts With “Top-5-In-5” Initiative

OIL PRICE CRASHES, ECONOMY IN TURMOIL

Explainer: Why has the pump price of diesel remained same despite oil crash?

Isaac Anyaogu
Within the past three months, the oil market has been hit by the twin combination of a price war among producers…

Oil faces stuttering, uneven return to normality

A Month after oil plunged into the Abyss, prices are rebounding

Huge glut of oil sitting on tankers shows signs of shrinking

OPEC’s Barkindo optimistic worst of oil crisis is over

Premium

Kaduna’s IGR revolution is fast-paced and it’s bearing results

OUR REPORTER
There is a fast-paced push to revolutionise internally generated revenues in Kaduna State, northwest Nigeria, and…

How Nigeria can exit COVID-19-induced economic crash

COVID-19 seen wiping gains of Nigeria’s $5.854bn investment inflows in…

COVID-19: Commuters at breaking point as transporters burden with…

Relief for taxpayers as LIRS further extends deadline for filing…

Podcast

Wealth And Investing

Columnists

Money Is A Tool, Not A Noose

JR Kanu
In anticipation of this week’s article, people who follow @findreach on social media were asked to select what they…

How to Win in a Recession

Slight liquidity squeeze expected in absence of NT-Bill, OMO maturity…

How to identify a Ponzi scheme

More Premium

Relief for taxpayers as LIRS further extends deadline for filing annual returns to June 30

Joshua Bassey
The Lagos State government has further extended the deadline for filing of annual tax returns to June 30, 2020.…

Nigeria’s power infrastructure to get urgent makeover

Isaac Anyaogu
Nigeria’s power distribution infrastructure is getting a major makeover as President Muhammadu Buhari has directed…

The gloom, doom in Nigeria’s Q1’20 GDP report

Oladehinde Oladipo
With at least 39 activity sectors recording a growth rate of less than 2 percent out of a total of 52 sectors,…

Developers adjust, rethink products offering as property market faces new normal

Chuka Uroko
Real estate developers, particularly commercial office space suppliers, are becoming increasingly creative and…

Women In Business

Women in Business: Jane Amuta

Kemi Ajumobi
Jane quit banking six years ago and ventured into private business as a fitness, health and beauty entrepreneur,…

Women in Business: Mofolusade Sonaike

Abimbola Banu-Ogundere, inspiring a generation of impactful education…

Chika Okorafor Aneke, intentional about qualitative teaching

Magazines

Companies & Market

Naira strengthens by N2.00k as FX market resumes after holiday

Hope Ashike
Nigeria's currency on Wednesday strengthened against the dollar as the foreign exchange market resumed after the…

Naira strengthens by N2.00k as FX market resumes

NSE CEO highlights resilience of Nigeria’s Capital market amidst…

Premium Pension names Babayo new board chairman

Economy & Politics

Supply disruptions, structural challenges push trade sector into deeper…

Bailey Oluwabunmi
The trade sector, Nigeria’s second-largest sector by output contribution, contracted sharply in three months…

Group backs Oyo govt over loan, says infrastructure, health sector…

2020 Children’s Day: Gbajabiamila calls for policies to reduce…

Here is what’s next after subsidy removal

Energy & Technology

How agritech firms in Africa are enabling food security, supply amid restrictions

Opeoluwa Runsewe
The COVID-19 may have governments, scientists and health workers confused as to how to contain it, it has, however,…

Here is what’s next after subsidy removal

Coven Works launches online AI School, targets 200,000 beneficiaries…

Understanding how Internet Service Providers estimate data usage and…

zenth bank

Financial Times

Can New York avoid a coronavirus exodus?

Financial Times
Just over a year ago, before the modern plague descended, Manhattan’s Hudson Yards threw a launch party that was…

Macy’s pledges stores as collateral in $1.1bn bond deal

Market ‘distress’ over virus sparked emergency Wall St measures

Global stocks push higher on easing virus nerves

More Stories

Naira strengthens by N2.00k as FX market resumes

Hope Ashike
Nigeria's currency on Wednesday strengthened against the dollar as the foreign exchange market resumed after the…

How agritech firms in Africa are enabling food security, supply amid restrictions

Opeoluwa Runsewe
The COVID-19 may have governments, scientists and health workers confused as to how to contain it, it has, however,…

Can New York avoid a coronavirus exodus?

Financial Times
Just over a year ago, before the modern plague descended, Manhattan’s Hudson Yards threw a launch party that was…

Macy’s pledges stores as collateral in $1.1bn bond deal

Financial Times
Macy’s is turning to its real estate portfolio to raise cash in the coronavirus crisis, pledging several of its…

TAJBank announces issuance of N150bn FGN Sukuk

BusinessDay
TAJBank, Nigeria’s non-interest financial institution, has announced a N150 billion Sukuk Bond as appointed by the…

Market ‘distress’ over virus sparked emergency Wall St measures

Financial Times
More than 270 of Wall Street’s key trading staff were summoned for emergency weekend duty to clear a massive…