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Coronavirus Watch

COVID-19 vaccines pre-orders open for 55 African Union member States

Hope Ashike
The Africa Medical Supplies Platform (AMSP), on behalf of the Africa Centres for Disease Control and Prevention…

FG develops Covid-19 vaccine deployment, vaccination plan

James Kwen
The Federal Government has developed a comprehensive National Covid-19 vaccine deployment and vaccination plan and…

COVID-19: FG releases N10bn for local production of vaccines

Godsgift Onyedinefu
The federal government, through the Ministry of Finance has released N10 billion to support local production of…

COVID: 19 World heading for catastrophic moral failure over vaccines…

Joshua Bassey
The hoarding of Covid-19 vaccines by rich countries is not only unethical but will also prolong the pandemic,…

Recession Watch

More Nigerians lose job, fall back on pension savings for survival

Incidences in Nigeria in 2020, particularly Covid-19 pandemic, #EndSARS protest and eventual nose-diving into…

Nigeria may not wriggle out of recession in first quarter of this year –…

Johnson Chukwu, an economic/ financial expert, has said that Nigeria cannot wriggle out of the present recession in…

The perils of being an economist

The year 2020 was a rather tumultuous one for the world economy. The spread of the novel coronavirus from the…

Leadership: Addressing the challenges of a Recession

While the COVID-19 pandemic has caused a virulent recession in many countries globally, Nigeria's case is a bit…

Top Videos

Tips for setting financial goals in 2021

Our financial experiences can change if only we are willing to change our approach. Here are a few tips to help you…

What to know before you delete your #WhatsApp

Here are something's you should consider that WhatsApp is not doing with your data

What did Nigeria gain from Border Closure?

After 16 months of shutting the country's land borders, they are now being reopened but the reasons for which they…

5 Reasons why Bitcoin prices fluctuate

When it comes to cryptocurrencies like Bitcoin if there is one thing you can be sure of, it is that the prices can…

#EndSars

233,000 candidates miss NECO exams due to ENDSARS protest

A total of 233,000 candidates could not write the National Examination Council (NECO) Senior School Certificate…

#EndSARS protest: How best to mitigate the losses at least in the future

The chickens have finally come home to roost nationwide as the dusts raised by the #EndSARS crisis settle – at…

#EndSARS losses: What assets, business owners need to do to have adequate…

The aftermath of October 2020 #EndSARS protest in Nigeria and subsequent loss experienced by businesses and…

EndSARS protest: The youth rage that defined 2020

The EndSARS protest that rocked Nigeria in early October 2020 was perhaps the most significant event that shaped…

AFRICA

Uncertainty dots Africa’s COVID recovery but AfCFTA could hold key

Bailey Oluwabunmi
Africa’s path to economic recovery from the global COVID-19 pandemic is uncertain and fragile, investment experts…

Museveni wins Uganda disputed presidential poll

Iwok Iniobong
President Yoweri Museveni has been announced as the winner of Uganda’s presidential election to continue his…

AFC secures $250 million loan to bridge Africa’s infrastructure deficit

Gbemi Faminu
Africa Finance Corporation (AFC) one of Africa’s leading infrastructure solution providers has secured tier-2…

Foreign holding in Egypt’s debt jumps to $24bn

Our Reporter
Foreign holdings of Egypt’s debt have ballooned to near twenty five billion dollars in a spectacular come back that…

PREMIUM

Agriculture credit up, but Nigerians pay more for food

Caleb Ojewale
Credit to the agriculture sector has consistently increased since 2015, from both banks and government…

47m subscribers’ fate hangs in balance as NIMC deadline ends

ANALYSIS: How Biden’s foreign policy might impact Nigeria

COVID-19 recovery puts China on course to eclipse US economy

Five reasons Nigeria’s energy sector not better five years after

Five reasons Nigeria’s energy sector not better five years after

Oladehinde Oladipo
Six years on since the election of President Muhammadu Buhari of Nigeria, his pledge to reform the economy is yet…

COVID-19 and the necessity of invention: Five trends to watch

How rising food prices stretch cash-strapped Nigerians’ wallets

Parents, schools stare at empty wallets as students resume today

Petrol subsidy back as landing cost soars

Start-Up Journal

Kehinde Muibi: Entrepreneur building a successful construction business

In the highly competitive world of the construction industry, it is traditionally difficult for young entrepreneurs…

How Oluyemi left pharmacy to build a successful catering business

The name Oluyemi Ogedengbe became popular recently, when a video which had renowned Lagos Pastor - Tunde Bakare,…

Riding on Covid-19 gains these Nigerian tech start-ups top 2021 watch list

Despite it been a tough 2020 for businesses, the tech start-up space in Nigeria has shown great strength as…

FBN deepens financial inclusion with largest agent banking network,…

At present, there are over 86,000 banking agents across 772 out of the 774 local government areas in Nigeria, a…

Sponsored

Pensioncentral.ng is currently helping employers fulfill their monthly…

BusinessDay
The Pension remittance space in Nigeria is filled with so much great promise, but still faced with inefficiencies…

The Payday Revolution from Fidelity Bank is here

BusinessDay
Yomi needed to pay his Son’s school fees, send money to Mama and pay for a flight booking all before 12 pm. But he…

New Year, New Investment Opportunities

BusinessDay
The new year often brings resolutions to improve one’s health, to travel more of the world and to elevate one’s…

One Doctor’s business model is solving global healthcare problems for free

BusinessDay
In the business world today, many companies focus on making good revenue without offering a scaled-down free…

Editorial

Promoting private capital-driven economy to unlock growth

The Editorial Board
At no time does Nigeria have the need to unlock growth in its economy than now when the noose is being tightened…

Opinion

The year 2020 and economic outlook for 2021

The delusions of Charles Onunaiju about the PTF

Between school resumption and COVID-19

Botswana, an African oasis

Ohanaeze: Obiozor and the burden of leading a divided people

BAFI Awards Supplement cover

Women in Business

Women in Business: Abiodun Mamora

Kemi Ajumobi
Abiodun Mamora is the Executive Director, Finance at Construction Kaiser Limited, a highly reputable construction…

Women in Business: Deborah Nicol-Omeruah

Kemi Ajumobi
Deborah Nicol-Omeruah is an accomplished C-Level Executive and Director with over 20 years’ experience in real…

Nigeria’s first Cardiac Physiologist, FOLARINLE T. AKINRINLOLA is nobly…

Kemi Ajumobi
Folarinle T. Akinrinlola is the Channels Sales Director at General Electric Health Care. She is a graduate of the…

For Iman Sulaiman-ibrahim, as DG of NAPTIP, it is a NO to human…

Kemi Ajumobi
Iman Sulaiman-Ibrahim is a new generation multi-award winning business executive par excellence with core expertise…

Interview

It would be difficult to get good governance, responsive leaders in current…

Iwok Iniobong
Stakeholders have continued to express concerns over the lingering challenges plaguing Nigeria’s electoral system,…

‘The second wave of Covid-19 in Nigeria could wreak more havoc than the…

EMMANUEL UDOM
Year 2020 was one hell of a year. The outbreak of the novel Coronavirus (Covid-19) pandemic, hit the world…

‘Our big vision at MDaaS is to shift African healthcare from sick care to…

Emelike Obinna
Amid challenges, the 2020 Africa’s Business Heroes (ABH) prize hosted its grand finale on November 28, 2020 and…

How Nigerian economy can exit present economic recession – Financial Expert

BusinessDay
Philip Nto is the provost, Abia State College of Education (Technical) Arochukwu. A financial expert, World Bank…

Companies

Glo customers to enjoy multiple rewards with cashtoken season II

BusinessDay
Leading telecommunications company, Globacom, has unveiled a new season of its recharge-based loyalty program,…

Sanwo-olu highlights $2bn Lagos opportunities for UK business community

Oladehinde Oladipo
In a move expected to yield returns in 2021, Lagos State Governor, Babajide SanwoOlu, has enumerated opportunities…

Nigeria’s inflation at 15.75% in December surpasses CBN year-end target

Micheal Ani
Nigeria’s December inflation, which quickened to a three- year high, surpassed the yearend target set by the…

Pension fund investment in bonds increases 51.8%, T-bills fall 69.7% in one…

Micheal Ani
Nigeria’s biggest institutional investors, the Pension Fund Administrators (PFAs) are increasing their exposure in…

Economy

Macroeconomic stability major growth driver in 2021, says Doyin Salami

Hope Ashike
Nigeria, which is currently in recession, requires massive investment to grow in 2021 and to achieve this, it needs…

Fitch sees oil rally lifting Nigeria’s external reserves to 16-month high

Micheal Ani
Global rating agency, Fitch, sees the external reserves of Africa's biggest economy rising to $42 billion by the…

Nigeria’s inflation soars further to 15.75% as economy struggles towards…

Tochukwu Okafor
Pushed majorly by soaring food prices, Nigeria’s inflation hastened by 15.75 percent (year-on-year) in December…

Nigeria saves N18.3bn from T-bills interest payment as lower yields crash…

Micheal Ani
Nigeria is riding on the gains of a repressed yield to bring down the cost of servicing domestic debt, but analysts…

Energy

What exports of first crude cargo from Anyala oil field means for Nigerian

Oladehinde Oladipo
Africa’s biggest oil-producing country is expected to get output boost from the start-up of Anyala-Madu fields in…

Nigeria’s 1m LPG consumption pushes it closer to 5m target –…

Harrison Edeh
The Petroleum Product Pricing Regulatory Agency (PPPRA), on Tuesday, said Nigeria's record of 1 million metric tons…

What you need to know about Heirs Holding’s newly acquired oil asset

Stephen Onyekwelu
The acquisition of a 45 percent participating interest in OML 17 by Heirs Holdings, in partnership with…

Gas stays relevant despite race to green hydrogen

Stephen Onyekwelu
Two offshoots of Siemens, a German tech conglomerate are pulling resources to push green technology by developing…

Magazines

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Politics

INEC fixes Anambra governorhip election for Nov. 6

James Kwen
The Independent National Electoral Commission (INEC) has fixed November 6th, 2021 as the date for the conduct of…

Bayelsa Assembly debunks Diri’s impeachment rumour

Samuel Ese
Bayelsa State House of Assembly has debunked rumours that it was making moves to impeach Governor Douye Diri.…

Ndubuisi Kanu: Demise of a gallant soldier, democrat and builder

Iwok Iniobong
Last Wednesday the nation was thrown into mourning following the death of former military administrator of Imo and…

Markets

These stocks rerouted NSE to the green zone

Iheanyi Nwachukwu
Equities market of Africa’s biggest economy on Wednesday January 20 halted its record two-day negative closes amid…

Onyema highlights NSE’s performance in 2020, provides outlook for 2021

Iheanyi Nwachukwu
The Nigerian Stock Exchange (NSE) on Tuesday January 19 hosted its annual 2020 Market Recap and 2021 Outlook.…

Stock market dips slightly by 0.07% as profit taking wanes

Iheanyi Nwachukwu
Nigerian’s equities market decreased marginally by 0.07percent on Tuesday January 19, signally waning profit taking…

Access Bank set for HoldCo structure to optimize opportunities

Iheanyi Nwachukwu
In a move to capture and optimize opportunities in line with its Africa expansion strategy, Access Bank Plc will be…

Technology

Tizeti unveils 4G LTE network in Edo State

Frank Eleanya
Tizeti, a solar-based internet service provider has rolled out its 4G LTE network in Edo State with monthly fixed…

Tech4Dev targets 1000 learners in Nigeria’s rural clusters with digital…

Frank Eleanya
Technology for Social Development (Tech4Dev) is planning to impact 1000 learners over a twelve-week period in ten…

Telcos face more subscriber losses as NIMC pulls plug on unlinked SIMs

Frank Eleanya
Operators in the telecommunication sector are facing an uncertain future - at least for the first quarter of 2021 -…

Why Silicon Valley VCs are failing to replicate success in Africa

Frank Eleanya
Venture capital funding has led the most investments on the African continent since 2016. Even with COVID-19…

Life and Culture

BusinessDay’s Desmond Okon wins reporting grant by Maternal Figures

BusinessDay
Maternal Figures has selected Desmond Okon, a reporter with BusinessDay for a reporting grant, for an investigation…

Art icons celebrate Nike Davies Okundaye at launch of her biography

Emelike Obinna
For the first time, Nike Davies-Okundaye, Nigeria’s textile queen and internationally renowned artist, is sharing…

Hembadoon releases culturally inspired track Kule Kule Hemba Ayem

Emelike Obinna
Singer and Songwriter, Hembadoon, is following up her music offerings with a new single written and fully rendered…

Government, wealthy Nigerians need to support art workshops, extra-tertiary…

Okafor Endurance
If art workshops and extra-tertiary art institutions are given the necessary support by both the government and…

Market Intelligence

Shell, Wike and OML 11 – reaching a compromise

Bala Augie
A news story in The Sun newspaper of Friday November 27th, 2020 was trigger for this piece. The headline – “Supreme…

Nigerian Banks groan under huge write offs

Bala Augie
As 2020 dawned, bankers were digging out of the harsh regulatory environment and a stock market rout that sent…

Zenith Bank is Nigeria’s largest lender by total asset as valuations remain…

Bala Augie
Zenith Bank Plc is Nigeria’s largest lender by total assets as valuations remain attractive even amid a punitive…

Cement makers’ earnings surge during pandemic as economy slumps

Bala Augie
The coronavirus pandemic and a difficult business environment have sent the economy in a tailspin, and a recession…

Lead Stories

COVID-19 spike pushes oxygen demand in Lagos to levels never seen before

Our Reporter
The number of coronavirus patients needing oxygen to survive has risen fivefold as a second wave of the pandemic…

Agriculture credit up, but Nigerians pay more for food

47m subscribers’ fate hangs in balance as NIMC deadline ends

David-Borha, Dlamini confirmed speakers at BusinessDay’s African…

Columnists

As the world races toward mass COVID-19 vaccination, where…

David Hundeyin

So embarrassing

Oladapo Akande

In honour of our fallen heroes’ sacrifices, let’s build a…

MA Johnson

AfCFTA: A strategic framework for business (4)

Rafiq Raji

AfCFTA: Strengths, Weaknesses, Opportunities, Threats

Cheta Nwanze

Food policy: Buhari puts ideology above evidence and…

Olu Fasan

Recent

David-Borha, Dlamini confirmed speakers at BusinessDay’s African…

Trump departs White House for last time as president

COVID-19’s unprecedented second wave: Are we prepared or is a repeat…

ANALYSIS: How Biden’s foreign policy might impact Nigeria

COVID-19 recovery puts China on course to eclipse US economy

In Other News

These stocks rerouted NSE to the green zone

Iheanyi Nwachukwu
Equities market of Africa’s biggest economy on Wednesday January 20 halted its record two-day negative closes amid…

Flour Mills to list N29.8bn tranche A, B bonds on NSE

Dangote Cement gets Global Credit Rating of AA+, A1+

Nigeria inches closer to 65yrs retirement age for teachers

Anchor University confirms abduction of deputy VC in Nasarawa

Macroeconomic stability major growth driver in 2021, says Doyin Salami

FIRS meets 98% revenue target in 2020, generates N4.9trn

INEC fixes Anambra governorhip election for Nov. 6

Consider malaria-like symptoms as COVID-19 until proven otherwise –…

Joshua Bassey
As new cases of Covid-19 continue to in the country, Lagos State governor, Babajide Sanwo-Olu has asked citizens to…

Tech4Dev targets 1000 learners in Nigeria’s rural clusters with…

Bayelsa Assembly debunks Diri’s impeachment rumour

COVID-19 vaccines pre-orders open for 55 African Union member States

Stock market dips slightly by 0.07% as profit taking wanes

Emirates Group rolls out COVID-19 vaccination

Why Silicon Valley VCs are failing to replicate success in Africa

NBS data show Nigerians paid more to travel

Coronavirus

COVID-19: Wearing of facemasks now mandatory in Adamawa

Adamawa State Government has made the wearing of facemasks mandatory in government offices to stem the spread of…

COVID-19: At 111,305 confirmed cases Nigeria records 1,301 new infection

The Nigeria Centre for Disease Control (NCDC) on Tuesday shows that Nigeria recorded 1,301 new cases of COVID-19 as…

COVID-19 spike pushes oxygen demand in Lagos to levels never seen before

The number of coronavirus patients needing oxygen to survive has risen fivefold as a second wave of the pandemic…

Consider malaria-like symptoms as COVID-19 until proven otherwise –…

As new cases of Covid-19 continue to in the country, Lagos State governor, Babajide Sanwo-Olu has asked citizens to…

Recession

More Nigerians lose job, fall back on pension savings for survival

Incidences in Nigeria in 2020, particularly Covid-19 pandemic, #EndSARS protest and eventual nose-diving into…

Nigeria may not wriggle out of recession in first quarter of this year –…

Johnson Chukwu, an economic/ financial expert, has said that Nigeria cannot wriggle out of the present recession in…

The perils of being an economist

The year 2020 was a rather tumultuous one for the world economy. The spread of the novel coronavirus from the…

Leadership: Addressing the challenges of a Recession

While the COVID-19 pandemic has caused a virulent recession in many countries globally, Nigeria's case is a bit…

Top Videos

Tips for setting financial goals in 2021

Toju Akapa
Our financial experiences can change if only we are willing to change our approach. Here are a few tips to help you…

What to know before you delete your #WhatsApp

What did Nigeria gain from Border Closure?

5 Reasons why Bitcoin prices fluctuate

Today's E-paper

Today's Newspaper
Subscribe to read e-paper

Businessday Investigates

Ticketing corruption by railway staff, soldiers, policemen derailing Abuja-Kaduna rail project (2)

Fisayo Soyombo
‘Army general buys 30 tickets’ I step out of the train knowing, without being told, that…

Nigeria Stock Watch

Today's Newspaper
Subscribe to read

#EndSars

233,000 candidates miss NECO exams due to ENDSARS protest

Godsgift Onyedinefu
A total of 233,000 candidates could not write the National Examination Council (NECO) Senior School Certificate…

#EndSARS protest: How best to mitigate the losses at least in the…

Police debunk reported resumption of ENDSARS protests in Abuja

Police ask court for order to disband EndSARS panels of inquiry

Lekki shooting: Army insists carrying live weapon part of rule of…

Buhari pledges to ensure EndSARS protest does not reoccur

Police Brutality: Panel receives 92 petitions in Akwa Ibom

We must rebuild trust between Government and the governed –…

Short Takes

Here’s what World Bank’s approval of $1.5bn loan support for states…

Okafor Endurance
Following a five-year country partnership framework (CPF) that will last from 2021 to 2024, the World Bank on…

Three things we learnt from IMF’s 2020 Article IV mission to Nigeria

The 8 Pharmaceutical companies leading the way for Coronavirus…

Ten things we learnt from Nigeria’s Q3 GDP report

Africa

Uncertainty dots Africa’s COVID recovery but AfCFTA could hold key

Bailey Oluwabunmi
Africa’s path to economic recovery from the global COVID-19 pandemic is uncertain and fragile, investment experts…

Museveni wins Uganda disputed presidential poll

AFC secures $250 million loan to bridge Africa’s infrastructure…

Foreign holding in Egypt’s debt jumps to $24bn

Premium

Agriculture credit up, but Nigerians pay more for food

Caleb Ojewale
Credit to the agriculture sector has consistently increased since 2015, from both banks and government…

47m subscribers’ fate hangs in balance as NIMC deadline ends

ANALYSIS: How Biden’s foreign policy might impact Nigeria

COVID-19 recovery puts China on course to eclipse US economy

Five reasons Nigeria’s energy sector not better five years after

Start-Up Journal

Kehinde Muibi: Entrepreneur building a successful construction business

Josephine Okojie
In the highly competitive world of the construction industry, it is traditionally difficult for young entrepreneurs…

How Oluyemi left pharmacy to build a successful catering business

Riding on Covid-19 gains these Nigerian tech start-ups top 2021 watch…

FBN deepens financial inclusion with largest agent banking network,…

Opinion

The year 2020 and economic outlook for 2021

DR. HARRISON EROMOSELE
Everyone agrees that 2020 was a peculiar year. Economies across the globe experienced turbulent economic…

The delusions of Charles Onunaiju about the PTF

Between school resumption and COVID-19

Botswana, an African oasis

Podcast

WEALTH AND INVESTING

Government commends X3M Ideas on community engagements, urges organisations to…

Daniel Obi
As it has become an annual ritual for the echelon of the Lagos State government, especially the ministry of…

Despite Covid-19 disruptions, Comercio Partners foresees bright…

MRS shares unchanged despite positive profit forecast for Q4 2020

Here are some viable investment opportunities as Nigeria yields remain…

Women In Business

Women in Business: Abiodun Mamora

Kemi Ajumobi
Abiodun Mamora is the Executive Director, Finance at Construction Kaiser Limited, a highly reputable construction…

Women in Business: Deborah Nicol-Omeruah

Nigeria’s first Cardiac Physiologist, FOLARINLE T. AKINRINLOLA is…

For Iman Sulaiman-ibrahim, as DG of NAPTIP, it is a NO to human…

Companies & Market

These stocks rerouted NSE to the green zone

Iheanyi Nwachukwu
Equities market of Africa’s biggest economy on Wednesday January 20 halted its record two-day negative closes amid…

Glo customers to enjoy multiple rewards with cashtoken season II

Sanwo-olu highlights $2bn Lagos opportunities for UK business…

Nigeria’s inflation at 15.75% in December surpasses CBN year-end…

Magazines

Interview

It would be difficult to get good governance, responsive leaders in current…

Iwok Iniobong
Stakeholders have continued to express concerns over the lingering challenges plaguing Nigeria’s electoral system,…

‘The second wave of Covid-19 in Nigeria could wreak more havoc than…

‘Our big vision at MDaaS is to shift African healthcare from sick care…

How Nigerian economy can exit present economic recession – Financial…

Economy & Politics

Macroeconomic stability major growth driver in 2021, says Doyin Salami

Hope Ashike
Nigeria, which is currently in recession, requires massive investment to grow in 2021 and to achieve this, it needs…

INEC fixes Anambra governorhip election for Nov. 6

Bayelsa Assembly debunks Diri’s impeachment rumour

Fitch sees oil rally lifting Nigeria’s external reserves to 16-month…

Energy & Technology

What exports of first crude cargo from Anyala oil field means for Nigerian

Oladehinde Oladipo
Africa’s biggest oil-producing country is expected to get output boost from the start-up of Anyala-Madu fields in…

Tizeti unveils 4G LTE network in Edo State

Tech4Dev targets 1000 learners in Nigeria’s rural clusters with…

Nigeria’s 1m LPG consumption pushes it closer to 5m target…

Life and culture

BusinessDay’s Desmond Okon wins reporting grant by Maternal Figures

BusinessDay
Maternal Figures has selected Desmond Okon, a reporter with BusinessDay for a reporting grant, for an investigation…

Art icons celebrate Nike Davies Okundaye at launch of her biography

Hembadoon releases culturally inspired track Kule Kule Hemba Ayem

Government, wealthy Nigerians need to support art workshops,…

More Stories

NDLEA seizes 15,253kg of illicit drugs in Edo

Idris Umar Momoh
Edo State Command of the National Drug Law Enforcement Agency (NDLEA) says it seized a total of 15, 253.82kg of…

Ground handlers seek waiver of 5% concession fees

Ifeoma Okeke
Association of Ground Handlers of Nigeria (AGHAN) has appealed to the Federal Government to adjust and waive the…

Nigeria inches closer to 65yrs retirement age for teachers

Anthony Ailemen
The Federal Executive Council (FEC) on Wednesday approved the Harmonized Retirement Age for Teachers Bill, 2021, to…

PwC survey scores Osinbajo-led PEBEC low

Anthony Ailemen
A Cost of Compliance survey conducted by the PricewaterhouseCoopers (PwC) has revealed persistent corruption,…

My BTC Nigeria and “NEPA BOYS” renew contracts after their first successful signed partnership

BusinessDay
On Saturday 16th January, 2021, at the company’s head office, leading cryptocurrency exchange platform,…

COVID-19: Wearing of facemasks now mandatory in Adamawa

Nathanie Gbaoron
Adamawa State Government has made the wearing of facemasks mandatory in government offices to stem the spread of…