BusinessDay
Nigeria's leading finance and market intelligence news report.

TOP STORIES

Recent

Commentary

In Other News

Today's E-paper

Today's Newspaper
Subscribe to read

Nigeria Stock Watch

Today's Newspaper
Subscribe to read

#EndSars

ENDSARS: A look back

Last Saturday, young Nigerian demonstrators mobilised to occupy Lekki Tollgate to preclude its reopening. In the…

‘Arrest us!’ Defiant young Nigerians insist on right to protest

A notable speculative fiction writer from the 1980s once noted in her ‘Diplomatic Immunity’ work: “The dead cannot…

EndSARS protest: My life comes first, says roadside trader

Precious Effiong, 25, is a roadside trader who sells alcohol in sachets beside the Lekki Toll Gate in Lagos where…

#EndSARS: Three hours later, Lagos State Police Commissioner yet to address…

It’s been over three hours since the state commissioner of police, Akeem Odumosun promised to address the press…

Coronavirus Watch

US approves use of one shot Covid vaccine by Johnson & Johnson

Our Reporter
A US advisory panel voted unanimously Sunday to approve the one-shot, easier-to-use Johnson & Johnson Covid…

NCDC calls for policy actions to strengthen health sector post COVID-19

Gbemi Faminu
The Nigeria Centre for Disease Control (NCDC), has called on the government at all levels to strengthen Nigeria’s…

Nigeria to receive 4m doses of AstraZeneca Covid-19 vaccine Tuesday

Onyinye Nwachukwu
Nigeria will take delivery of 4 million doses of COVID-19 vaccine on Tuesday, Boss Mustapha, chairman of the…

Côte d’Ivoire recieves 504,000 doses of COVID-19 vaccines from COVAX

Godsgift Onyedinefu
Côte d’Ivoire has become the second country in West Africa to receive the Oxford/AstraZeneca vaccines from COVAX…

Top Videos

Six feared dead as Nigerian Air force aircraft crashes in Abuja

A Nigerian Air Force NAF20, B350 aircraft which departed Abuja at 10:33UTC with 6 persons on board including 2 crew…

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 some things 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…

AFRICA

AFREXIM, AfCFTA bosses to headline Africa infrastructure summit

Gbemi Faminu
Benedict Oramah, President of the African Export-Import Bank, Wamkele Mene, Secretary-General of the African…

Ebola resurgence: Nigeria, Ghana beef up border surveillance as WHO sounds…

Temitayo Ayetoto
Nigeria and its West African neighbour, Ghana, have heightened surveillance across all borders for Ebola virus…

Ebola outbreak in Guinea adds to West Africa’s health woes

Our Reporter
At least three people have died in Guinea and several others have tested positive for the deadly Ebola adding to…

Fractured world trade awaits Okonjo-Iweala as WTO DG

Caleb Ojewale
A fractured world trade, dangling at historical lows on account of the coronavirus pandemic, awaits Ngozi…

PREMIUM

Violence costs Nigeria $1.3trn in 13 years

Bailey Oluwabunmi
Containing violence is costly, and for Nigeria, it has come at a bill of $1.34 trillion within 13 years - from 2007…

Central Bank Digital Currencies: The next big thing in global finance

FAAC manages only a slight rise in February as Nigeria’s states bleed

Buhari sets record as Nigerians grow poorer for sixth straight year

Nigeria sees surprise exit from recession in Q4

Nigeria sees surprise exit from recession in Q4

Micheal Ani
In what came as a surprise yesterday, Nigeria’s economy exited recession, beating analysts’ expectations as well as…

How Abia rose to attract third highest foreign investment in 2020

MTN taps Mastercard to upstage Safaricom as Africa’s fintech giant

Nigerians paid less for consumer goods in January, here’s why

How CBN’s targeted financing is reviving Nigeria’s ailing power sector

Start-Up Journal

Meet Debo, an entrepreneur giving glamour to farming

Many young Nigerians are abandoning farming and rural communities, choosing to migrate to urban centers in search…

How Ogunwale helps SMEs find business clarity

Bukola Ogunwale, chief executive officer of Business Coach Zone is helping hundreds of individuals and Small and…

Seedbuilders Innovation champions MSMEs growth to tackle unemployment,…

As the nation's economy continues to depress, Olaoluwa Olorunnisomo, the co-Founder, Seedbuilders Innovation and…

Yemisi Ojeyomi: Interior designer, brand creator with dexterity

In recent times there has been a growing interest in African designs, textiles, and products, and Yemisi Ojeyomi,…

Sponsored

Kimpton Kawana Bay offers African investors the key to global domination

BusinessDay
At a time when African investors are pursuing global opportunities to improve their bottom lines and deliver…

2020: A year of disruptive growth and innovation at Farmforte

BusinessDay
2020 was a year no one could have adequately planned for. There was no guidebook on how to navigate a pandemic in…

9mobile Begins Free NIN Enrollment at Experience Centres

BusinessDay
To enable its customers to physically register for their National Identification Number (NIN) and link it to their…

Universal One launches 576 apartments in Alaro City

BusinessDay
Prospective homeowners in Lagos have received a boost in their options for modern, family-friendly homes with the…

Editorial

COVID-19 one year after: Letting our guards down

The Editorial Board
It is one year of the Coronavirus pandemic in Nigeria. It is just like yesterday because events have been so…

Opinion

Advertising is dead, but long live advertising!

Agricultural production and development of the Nigerian economy

The new face of slave trade in Nigeria

The 21st Century Capitalist’s Dilemma (1): VFD’s Balancing Act and…

Of Gumi, bandits and impunity!

Patricia's Primer - Home page download image

Women in Business

ROSA WHITAKER, former US government policy leader, driving investments into…

Kemi Ajumobi
Rosa Whitaker, CEO/President of The Whitaker Group (TWG), is a visionary, entrepreneur, former US government policy…

Ogechi Adeola (PhD), Associate Professor, Marketing and Academic Director,…

Kemi Ajumobi
Ogechi Adeola is an Associate Professor of Marketing and the Academic Director of the Sales & Marketing Academy…

Bashirat Odunewu, Group Executive, Energy & Infrastructure Group,…

Kemi Ajumobi
Bashirat Odunewu was appointed Group Executive, Energy & Infrastructure, Corporate Banking in 2019. Until this…

IFEYINWA MAUREEN OKAFOR, strategically treading the path to global…

Kemi Ajumobi
Ifeyinwa Maureen Okafor is the CEO, International Packaging Industry, a former Adviser, Imo State Government and an…

Interview

‘The more multifaceted women are, the easier they can overcome adversities’

Ifeoma Okeke
Funmi Akinsanya-Alake is a Transition & Accountability Coach, helping women who have had setbacks in their…

‘Our investments create jobs, drive inclusive growth in Nigeria’

Hope Ashike
CDC is the UK’s Development Finance Institution (DFI) and impact investor with a mandate to support the…

Abuja has the potential and resources to attain smart city status – Essiet

Stephen Onyekwelu
Abiodun Essiet is a special adviser to the chairman of Abuja Municipal Area Council on information communication…

Telecommunication Companies: Driving Broadband Penetration in Nigeria (part…

Jude Ofoegbu
Ikechukwu Nnamani (president) medallion communications and the president, Association of Telecommunication…

Companies

Andersen restrategise, adopts new brand name

Modestus Anaesoronye
Andersen Global has announced a rebranding strategy for Africa, in line with its move to the unified brand name of…

Greenwich Merchant Bank appoints Bayo Rotimi as MD /CEO

Micheal Ani
Greenwich Merchant Bank Limited, a financial services provider with focus on high- end financial products and…

Northern Nigeria flour mills sees first nine-month profit in five years

Mercy Ayodele
Northern Nigeria Flour Mills (NNFM), a listed miller on the Nigeria Stock Exchange has turned the corner to post…

SEPLAT drives sustainability with growing gas business, says Roger Brown

Iheanyi Nwachukwu
Seplat Petroleum Development Company Plc, leading indigenous energy company, has identified its fast-growing gas…

Economy

Fewer Nigerians have access to financial services

Okafor Endurance
While COVID-19 pandemic gave rise to online transactions in Nigeria and resulted in a boost to digital financial…

How CBN’s N736bn COVID-19 interventions paved way for Nigeria to exit…

Okafor Endurance
Aggressive interventions by the Central Bank of Nigeria (CBN) to offset the negative repercussions of the COVID-19…

Explained: Why Fitch cut Nigeria’s 2021 growth forecast despite oil…

Lolade Akinmurele
Global credit ratings agency, Fitch, has overlooked the rally in oil prices and lowered its economic growth…

Nigeria yet to conclude on $1.5bn World Bank loan over disagreement on FX…

Micheal Ani
Nigeria is yet to reach a conclusion with the World Bank over a $1.5 billion loan it approached the bank since last…

Energy

Independent System Operator: Exploring its Dynamics in the Current Ailing…

BusinessDay
The importance of power evacuation infrastructure in the electricity value chain globally cannot be…

NNPC rules out plans to increase petrol price in March, cautions against…

Oladehinde Oladipo
The Nigerian National Petroleum Corporation (NNPC) has advised motorists to stop panic buying of Premium Motor…

Rise in renewables sees decline in oil discovery skills

Stephen Onyekwelu
Renewable energy has continued its blazing rise, creating a growing market for new jobs and causing a decline in…

Lockdown throws energy sector into chaos

Isaac Anyaogu
When the first case of COVID-19 was reported in Nigeria, February, Jude Emelike was providing support services to…

Magazines

women's hub
See Past Editions
Screen Shot 2021-01-06 at 1.39.35 PM
Download
matchcentre
Download
screenshot_20210129-162433
Download

Politics

PDP Reps condemn arrest of Yakassi

James Kwen
The People’s Democratic Party (PDP) Caucus in the House of Representatives has expressed dismay over the report of…

How National Assembly’s weak oversight role encouraging poor governance in…

Dozie Emmanuel
In recent times, security in Nigeria has so degenerated to a worrisome point that it has affected all strata of the…

Devt projects: How insecurity puts wedge in Nigerian governors’…

Emelike Obinna
Perhaps, at no other time than now, since the return of Nigeria to civil rule, have the governors on the Nigerian…

Markets

SEPLAT shows its resilience in FY 2020 despite challenging year

Iheanyi Nwachukwu
Seplat Petroleum Development Company Plc (Seplat), a leading Nigerian independent energy company listed on both the…

Financial market to see excess liquidity as CBN issues N4.1trn special…

Hope Ashike
Nigeria's financial market would be awash with liquidity this week as the Central Bank of Nigeria (CBN) is expected…

Investors in Nigeria’s equities lost N1.4trn in February

Iheanyi Nwachukwu
Investors in Nigeria’s stock market are caught in the web of huge capital loss cumulatively valued at about…

Deadlock in SEC case as Oando heads to appeal court ruling

Iheanyi Nwachukwu
The management of Oando Plc has indicated its willingness to appeal Thursday's court ruling presided over by…

Technology

Nigerians work hardest to buy internet data

Frank Eleanya
The average Nigerian will need to work 27 minutes 55 seconds for 1 gigabit (GB) internet data, says a new report…

Eloho Omame steps down as Endeavor CEO after 3 years

Frank Eleanya
Eloho Omame, the founding managing director of Endeavor Nigeria a platform that selects, mentors, and…

South Africa, Kenya offer lessons on how to approach crypto market

Frank Eleanya
The Central Bank of Nigeria (CBN) in trying to defend the February decision to prohibit banks from supporting the…

Manipulation forms 56% of N5.2bn banks lost to online crime in 2020

Frank Eleanya
Online criminals in 2020 made away with N5.2 billion from digital banking channels such as the web and mobile,…

Toon of the Day

Podcast

Life and Culture

Of violation, tears and bleak hope: A review of Kehinde Badiru’s I know Why…

Temitope Ojedele Adejumo
Foremost postcolonial Nigerian poet, Niyi Osundare, opines that “in the intricate dialectics of human living,…

Meet Ngozi Okonjo-Iweala, the new WTO boss

Mercy Ayodele
It took 73 years to happen but Ngozi Okonjo-Iweala has made history as the first woman and the first African to be…

Iroko TV to raise fund at London exchange

Obinna Emelike
Considering the need to maintain its high-quality movie contents and world-class production, Iroko TV, West African…

Dove award-winner, Sinach sets date for new song, album

Frank Eleanya
Multiple award-winning worship leader, Osinachi Kalu Okoro Egbu popularly known as Sinach, has set 13 February for…

Top Stories

One Italian in, 1,905 dead: Nigeria’s race against COVID-19

Temitayo Ayetoto
When COVID-19 hit Iyabo’s 70-year-old mother, she and her siblings whispered to the doctors not to disclose it to…

Rise in renewables sees decline in oil discovery skills

Apapa residents, businesses in high spirits as sanity returns to port…

Insurance value proposition, service delivery redefined for customers

Recent

US approves use of one shot Covid vaccine by Johnson & Johnson

Why Nigeria is king of cryptocurrency trading

Nigeria to receive 4m doses of AstraZeneca Covid-19 vaccine Tuesday

Nigerians work hardest to buy internet data

Travel sector struggles with COVID-19 realities

Commentary

Beyond elite’s ‘harassment’: A fair assessment of President…

Olu Fasan

The Nigerian Army: Understanding the psyche of a bully

David Hundeyin

New pressure on the BoP from remittances

Gregory Kronsten

Resilience Television [forging ahead] (2)

Bashorun Randle

Achieving board effectiveness using board committees

Bisi Adeyemi

Advertising is dead, but long live advertising!

CHARLES C. OKIGBO & KELECHI S. NWOSU

In Other News

SEPLAT shows its resilience in FY 2020 despite challenging year

Iheanyi Nwachukwu
Seplat Petroleum Development Company Plc (Seplat), a leading Nigerian independent energy company listed on both the…

Financial market to see excess liquidity as CBN issues N4.1trn special…

London’s Heathrow airport records £2 bn loss in 2020

Union calls on AMCON to pay Aero staff redundancies owed since 2016

US approves use of one shot Covid vaccine by Johnson & Johnson

Our Reporter
A US advisory panel voted unanimously Sunday to approve the one-shot, easier-to-use Johnson & Johnson Covid…

PDP Reps condemn arrest of Yakassi

NCDC calls for policy actions to strengthen health sector post…

NPA lists approved satellite truck parks for electronic call-up

Here’s experts’ view on why bandits now target Nigerian schools

Bailey Oluwabunmi
In less than three months, armed bandits have attacked three boarding schools in Nigeria's northern region and in…

Gbajabiamila, Sanwo-Olu say Lagos critical to Nigeria’s economic…

Investors in Nigeria’s equities lost N1.4trn in February

Reasons 2-bedroom flats are hot properties in rental market

Côte d’Ivoire recieves 504,000 doses of COVID-19 vaccines from COVAX

Godsgift Onyedinefu
Côte d’Ivoire has become the second country in West Africa to receive the Oxford/AstraZeneca vaccines from COVAX…

Cutix gets shareholders’ nod for N1.935bn authorised share…

Eloho Omame steps down as Endeavor CEO after 3 years

Bandits abduct over 300 students from Zamfara girls’ school

Coronavirus

One Italian in, 1,905 dead: Nigeria’s race against COVID-19

When COVID-19 hit Iyabo’s 70-year-old mother, she and her siblings whispered to the doctors not to disclose it to…

US approves use of one shot Covid vaccine by Johnson & Johnson

A US advisory panel voted unanimously Sunday to approve the one-shot, easier-to-use Johnson & Johnson Covid…

NCDC calls for policy actions to strengthen health sector post COVID-19

The Nigeria Centre for Disease Control (NCDC), has called on the government at all levels to strengthen Nigeria’s…

Nigeria to receive 4m doses of AstraZeneca Covid-19 vaccine Tuesday

Nigeria will take delivery of 4 million doses of COVID-19 vaccine on Tuesday, Boss Mustapha, chairman of the…

#EndSars

EndSARS protest: My life comes first, says roadside trader

Desmond Okon
Precious Effiong, 25, is a roadside trader who sells alcohol in sachets beside the Lekki Toll Gate in Lagos where…

#EndSARS: Three hours later, Lagos State Police Commissioner yet to…

233,000 candidates miss NECO exams due to ENDSARS protest

#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

Recession

Nigeria limps out of recession in Q4 with 0.11% growth

After contracting for two consecutive quarters, the Nigerian economy managed to limp out of recession in the fourth…

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

Six feared dead as Nigerian Air force aircraft crashes in Abuja

Ifeoma Okeke
A Nigerian Air Force NAF20, B350 aircraft which departed Abuja at 10:33UTC with 6 persons on board including 2 crew…

Tips for setting financial goals in 2021

What to know before you delete your #WhatsApp

What did Nigeria gain from Border Closure?

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

Sponsored

Kimpton Kawana Bay offers African investors the key to global domination

BusinessDay
At a time when African investors are pursuing global opportunities to improve their bottom lines and deliver…

2020: A year of disruptive growth and innovation at Farmforte

9mobile Begins Free NIN Enrollment at Experience Centres

Universal One launches 576 apartments in Alaro City

Geely Group & Foxconn joins venture to provide OEM and Customised…

Africa

AFREXIM, AfCFTA bosses to headline Africa infrastructure summit

Gbemi Faminu
Benedict Oramah, President of the African Export-Import Bank, Wamkele Mene, Secretary-General of the African…

Ebola resurgence: Nigeria, Ghana beef up border surveillance as WHO…

Ebola outbreak in Guinea adds to West Africa’s health woes

Fractured world trade awaits Okonjo-Iweala as WTO DG

Premium

Violence costs Nigeria $1.3trn in 13 years

Bailey Oluwabunmi
Containing violence is costly, and for Nigeria, it has come at a bill of $1.34 trillion within 13 years - from 2007…

Central Bank Digital Currencies: The next big thing in global finance

FAAC manages only a slight rise in February as Nigeria’s states bleed

Buhari sets record as Nigerians grow poorer for sixth straight year

Nigeria sees surprise exit from recession in Q4

Start-Up Journal

Meet Debo, an entrepreneur giving glamour to farming

Josephine Okojie
Many young Nigerians are abandoning farming and rural communities, choosing to migrate to urban centers in search…

How Ogunwale helps SMEs find business clarity

Seedbuilders Innovation champions MSMEs growth to tackle unemployment,…

Yemisi Ojeyomi: Interior designer, brand creator with dexterity

Opinion

Advertising is dead, but long live advertising!

CHARLES C. OKIGBO & KELECHI S. NWOSU
Many advertising teachers, practitioners, users of this important genre of persuasive communication say that it is…

Agricultural production and development of the Nigerian economy

The new face of slave trade in Nigeria

The 21st Century Capitalist’s Dilemma (1): VFD’s Balancing Act and…

Podcast

Women In Business

ROSA WHITAKER, former US government policy leader, driving investments into Africa

Kemi Ajumobi
Rosa Whitaker, CEO/President of The Whitaker Group (TWG), is a visionary, entrepreneur, former US government policy…

Ogechi Adeola (PhD), Associate Professor, Marketing and Academic…

Bashirat Odunewu, Group Executive, Energy & Infrastructure Group,…

IFEYINWA MAUREEN OKAFOR, strategically treading the path to global…

Companies & Market

Andersen restrategise, adopts new brand name

Modestus Anaesoronye
Andersen Global has announced a rebranding strategy for Africa, in line with its move to the unified brand name of…

Greenwich Merchant Bank appoints Bayo Rotimi as MD /CEO

Northern Nigeria flour mills sees first nine-month profit in five…

SEPLAT shows its resilience in FY 2020 despite challenging year

Magazines

Interview

‘The more multifaceted women are, the easier they can overcome adversities’

Ifeoma Okeke
Funmi Akinsanya-Alake is a Transition & Accountability Coach, helping women who have had setbacks in their…

‘Our investments create jobs, drive inclusive growth in Nigeria’

Abuja has the potential and resources to attain smart city status –…

Telecommunication Companies: Driving Broadband Penetration in Nigeria…

Economy & Politics

PDP Reps condemn arrest of Yakassi

James Kwen
The People’s Democratic Party (PDP) Caucus in the House of Representatives has expressed dismay over the report of…

Fewer Nigerians have access to financial services

How National Assembly’s weak oversight role encouraging poor…

Devt projects: How insecurity puts wedge in Nigerian governors’…

Energy & Technology

Independent System Operator: Exploring its Dynamics in the Current Ailing Power…

BusinessDay
The importance of power evacuation infrastructure in the electricity value chain globally cannot be…

NNPC rules out plans to increase petrol price in March, cautions…

Rise in renewables sees decline in oil discovery skills

Nigerians work hardest to buy internet data

Life and culture

Of violation, tears and bleak hope: A review of Kehinde Badiru’s I know Why Your…

Temitope Ojedele Adejumo
Foremost postcolonial Nigerian poet, Niyi Osundare, opines that “in the intricate dialectics of human living,…

Meet Ngozi Okonjo-Iweala, the new WTO boss

Iroko TV to raise fund at London exchange

Dove award-winner, Sinach sets date for new song, album

More Stories

Independent System Operator: Exploring its Dynamics in the Current Ailing Power Sector (I)

BusinessDay
The importance of power evacuation infrastructure in the electricity value chain globally cannot be…

SEPLAT shows its resilience in FY 2020 despite challenging year

Iheanyi Nwachukwu
Seplat Petroleum Development Company Plc (Seplat), a leading Nigerian independent energy company listed on both the…

NNPC rules out plans to increase petrol price in March, cautions against panic buying

Oladehinde Oladipo
The Nigerian National Petroleum Corporation (NNPC) has advised motorists to stop panic buying of Premium Motor…

Financial market to see excess liquidity as CBN issues N4.1trn special bills

Hope Ashike
Nigeria's financial market would be awash with liquidity this week as the Central Bank of Nigeria (CBN) is expected…

London’s Heathrow airport records £2 bn loss in 2020

Ifeoma Okeke
London’s Heathrow airport has recorded a net annual loss of £2 billion in 2020, as a result of the huge impact of…

Union calls on AMCON to pay Aero staff redundancies owed since 2016

Ifeoma Okeke
The National Association of Aircraft Pilots and Engineers (NAAPE) has sent out an appeal to the Asset Management…