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Coronavirus : Live Updates

LEAD STORIES

President Buhari restricts movement in Abuja, Lagos for 14 days

President Buhari has directed the  cessation of all movements in Lagos and the FCT for an initial period of 14 days with effect from 11pm on Monday, 30th March 2020. He said so in a nationwide speech going on now. The restriction will…

Coronavirus: Nigeria’s oil industry feels the heat as South Africa ponders IMF loan

The Coronavirus pandemic has now spread to dozens of African nations where two thousand six hundred and fifty cases have been reported with forty nine fatalities and forcing a reduction in offshore staff movement in Nigeria’s beleaguered oil sector…

Dangote tests Negative for coronavirus

Aliko Dangote,  Africa's richest man, has announced that he tested Negative to coronavirus (COVID-19) pandemic. Dongote announced this on his Twitter account , “As a global citizen and business leader, I took the COVID-19 test and the result came…

COLUMNISTS

Recent

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,…

Short Takes

Five Things to Start Your Day

Coronavirus cases in Nigeria hits 51 Five new cases of Coronavirus (covid-19)…

17 things we learnt from Seplat’s 2019 financial report

Nigerian independent oil and gas company, Seplat has released its 2019 audited…

Everything you need to know about three new Covid-19 cases in Lagos 

The Lagos State Ministry of Health has given a breakdown of the three new cases…

Coronavirus Watch

Dangote tests Negative for coronavirus

Aliko Dangote,  Africa's richest man, has announced that he tested Negative to coronavirus (COVID-19) pandemic.…

UCH Chief Medical Director, Immigration boss test positive for coronavirus

Professor Jesse Otegbayo, Chief Medical Director, University College Hospital, Ibadan and Muhammad Babandede…

Coronavirus: FCTA secures additional 332 bed spaces to address emergency

The Federal Capital Territory Administration (FCTA) has put in place provisions for additional 332 bed spaces in…

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

As GTBank leads in giving for Corona

GTBank scores a major positive for corporate Nigeria today with the opening of a new 100-bed hospital it has built…

Climbing coronavirus cases will test Nigeria’s poor healthcare system

Many poor Nigerians can't afford to fall ill, much less survive the coronavirus pandemic or a total lockdown to…

Coronavirus crisis will test CBN’s balance sheet

As Nigeria faces perhaps its biggest economic test in decades, the move by the Central Bank of Nigeria (CBN) to…

Containing the spread of coronavirus

As the number of cases with Covid-19, the novel coronavirus, rises in Nigeria implementing measures required to…

Wealth And Investing

Low priced stocks offer entry points for investors

Global stocks rebounded on Friday as investors appeared willing to put their faith in vast stimulus moves from central banks and governments to shore up economies against the fast-spreading…

In Focus

Insight

Infograph of the week

Highlights

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

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…

The Need to Break LADOL’s Monopoly to Attract Investors in Lagos Free Zone

The Federal Government of Nigeria had set up the free zones to attract foreign direct investment (FDI), generate…

Abbey strategic deal with VFD to facilitate bank’s growth plan,…

Abbey Mortgage Bank Plc has announced that the strategic partnership with VFD Group Plc would enable the company…

Companies

Coronavirus: APM Terminals’ commits N100m to contain outbreak in…

In the wake of the Coronavirus pandemic, APM Terminals Nigeria has earmarked N100 million to support the efforts of…

The Central Bank of Nigeria (CBN) has commenced the disinfection of its head office and 37 branches, as the Federal…

Coronavirus: Air Peace evacuates 274 Israelis to Tel-Aviv

Nigeria’s biggest carrier, Air Peace evacuated about 274 Israelis from the Murtala Muhammed International Airport…

Economy

Global economy slips into recession on Coronavirus impact says IMF

Ravaging Coronavirus pandemic which began as a health crisis has now pushed the global economy into a recession -…

Fitch slams downgrade on Nigerian lenders after Moody’s warned about banks’…

Fitch Ratings has downgraded the three-highest rated banks in Nigeria to Long-Term Issuer Default Rating (IDR) 'B'…

S&P downgrades Nigeria deeper into junk over oil price decline

Global rating agency Standard & Poor’s has downgraded Nigeria’s credit rating further into junk territory on…

Energy

NNPC assures of robust Petroleum products supply amid Coronavirus scare

The Nigerian National Petroleum Corporation (NNPC) has advised against panic buying from the people assuring…

Oil market volatility box Nigeria to a corner

Crude oil prices have fallen significantly since the beginning of 2020, largely driven by the economic contraction…

Russia wants enlarged new deal with OPEC to tackle oil collapse

There might be a new turn in sight as Russia pushes for a new OPEC+ deal to balance oil markets. On…
zenth bank

Magazines

Politics

Tinubu represents our unifying, rallying point – APC Governors

All Progressives Congress (APC) Governors under the auspices of the Progressive Governors Forum (PGF) said the…

Nigeria’s economy in jeopardy as closure of NASS affects passage of…

As the National Assembly recently shut down to prevent the spread of the dreaded coronavirus, the closure of the…

APC hails Ministers for donating 50% of March salary to contain coronvirus

The ruling All Progressives Congress (APC) has commended Ministers for the gesture of donating 50 percent of their…

APC group says it has no consensus candidate yet

Ondo State All Progressives Congress (APC) Unity Forum, on Saturday, dismissed a report that it had settled for a…

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

Ventures Platform, LASRIC draft seven health startups in fight against…

Seven health startups have successfully made it through the #COVID19InnovationChallenge and have been…

Coronavirus: Telcos didn’t support us until Pandemic outbreak –…

Chikwe Ihekweazu, the CEO of the Nigeria Centre for Disease Control has said that Telecommunications companies in…

Versatility in financial services through technology

Players in the financial services sector have increasingly seen the need to converge the customer’s needs into one…

Is Nigeria’s payment system ready for a coronavirus lockdown?

While the possibility of a lockdown is becoming a closer reality as the number of coronavirus cases rise in Nigeria…

Top Videos

Podcast

Market Intelligence

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,…

Nigeria’s low market Cap to GDP ratio shows stocks are cheap

As of today, the Total Market Index is at $30 billion or N13.50 trillion, which is about 8.76 percent of the last…

Consumer goods firms aren’t efficient as gross margins slump

As a result of a result of weak discretionary consumer spending, rising inflation, and a slow growing economy,…

Nigerian big Banks’ profit hits N4.27 trillion in 7 years

In the last seven years, Nigerian largest banks have raked in a total profit of N4.27 trillion despite turbulence…

Financial Times

Trump and Xi speak after US and China trade barbs on coronavirus

Donald Trump and Xi Jinping spoke by telephone on Friday, signalling a potential thaw in relations between the…

European stocks fall after record Wall Street run

European stocks fell on Friday, undermining a record rally in US stocks the previous day, reflecting persistent…

The new wartime economy in the era of coronavirus

In the dog days of July 1938, amid German rumblings in Czechoslovakia’s Sudetenland, the British government led by…

US shale bust wrecks hopes for energy independence

The shale revolution that made the US the world’s biggest oil and gas producer and offered the prospect of energy…

CORONAVIRUS : LIVE UPDATES

Lead Stories

Recent

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…

Columnists

Coronavirus watch

Dangote tests Negative for coronavirus

Aliko Dangote,  Africa's richest man, has announced that he tested Negative to coronavirus (COVID-19) pandemic.…

Short Takes

Five Things to Start Your Day

Coronavirus cases in Nigeria hits 51 Five new cases of Coronavirus (covid-19) have been confirmed by the…

OIL PRICE CRASHES, ECONOMY IN TURMOIL

Premium

INSIGHT

state of the nation
Whynigeria is broke (1)

Wealth And Investing

More Premium

Nigeria awaits tsunami of jobless as coronavirus hits businesses

With economic activities in the country almost grinding to a halt due to the coronavirus pandemic, Nigeria could…

Manufacturing PMI at 35-month low signals lingering woe for growth-challenged Nigeria

After recording its fastest quarterly growth since the 2016 recession, the coronavirus outbreak could see Nigeria’s…

How social distancing, uncertainties in economy affect property market

As people become increasingly apprehensive of the deadly impact of coronavirus, with social distancing being…

Nigeria government may be heading for complete lockdown as Coronavirus spreads

There are now fears the Nigeria government may be heading for a complete lockdown , as more officials of the…

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

Companies & Market

Coronavirus: APM Terminals’ commits N100m to contain outbreak in Nigeria

In the wake of the Coronavirus pandemic, APM Terminals Nigeria has earmarked N100 million to support the efforts of…

Economy & Politics

Energy & Technology

zenth bank

Financial Times

Trump and Xi speak after US and China trade barbs on coronavirus

Donald Trump and Xi Jinping spoke by telephone on Friday, signalling a potential thaw in relations between the…

More Stories

The Central Bank of Nigeria (CBN) has commenced the disinfection of its head office and 37 branches, as the Federal…

Coronavirus: Air Peace evacuates 274 Israelis to Tel-Aviv

Nigeria’s biggest carrier, Air Peace evacuated about 274 Israelis from the Murtala Muhammed International Airport…

Keystone Bank contributes N1bn to increase fight against Coronavirus

As part of the effort to combat the deadly Coronavirus outbreak in Nigeria, the management of Keystone Bank today…

MTN responds to NCDC, says it’s doing its bit to help mitigate covid-19 pandemic

MTN Nigeria says its relationship with the Nigeria Centre for Disease Control (NCDC) was strictly commercial and…

Coronavirus: Nigeria’s oil industry feels the heat as South Africa ponders IMF loan

The Coronavirus pandemic has now spread to dozens of African nations where two thousand six hundred and fifty cases…

Tinubu represents our unifying, rallying point – APC Governors

All Progressives Congress (APC) Governors under the auspices of the Progressive Governors Forum (PGF) said the…