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June 12 Protest in Lagos

Clips from the protest in Lagos.

Nigeria continues to be a key focus area for Coca-Cola as we grow our…

"Rather than amplifying what the challenges are, the question is, to what extent are we listening to our consumers?…

Dr Dupe Elebute-Odunsi, on Marcelle Ruth Cancer Centre & Specialist…

West Africa's most authoritative business daily, a diversified provider of superior business, financial and…

How Nigerian businesses can thrive after the pandemic

Benjamin Ola Akande is a Nigerian-born American academic and professor. Dr. Akande has an extensive career that…

AFRICA

Kenneth Kaunda: The end of an era

The demise of the first president of Zambia, Kenneth Kaunda at the age of 97 last Thursday has continued to send…

Nigeria’s intra-Africa trade data show no clue of AfCFTA impact

It has been six months since the African Continental Free Trade Area (AfCFTA) took off on January 1, but impossible…

FG ignores ECOWAS court order on illegal detention of German

The Federal Government has failed to obey the judgment of the Economic Community of West African States (ECOWAS)…

Moody’s improves AFC’s outlook to stable from negative

Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, received a boost to its…

PREMIUM

Green Africa suspends bookings as NCAA delays its entry-into-service

Green Africa has temporarily suspended new bookings on its site as Nigerian Civil Aviation Authority (NCAA) has…

Nigerian banks defy trend of rising bad loans, declining profits across…

Nigerian banks were the exception to soaring bad loans and declining profits at African banks in 2020 when the COVID-19 pandemic brought widespread economic disruption to the continent. The financial reports of the 15…

Start-Up Journal

Deji Garuba: Communication strategist rebranding businesses

Deji Garuba is a communications strategist and the lead partner at Belfry Africa, a communication intelligence…

Paul Erubami: Entrepreneur redefining Nigeria’s facility management through…

Quality shelter remains an essential lifeline for the sustainability of any society and Nigeria’s rapidly growing…

Struggling with your financials? These steps can help

Owing a dedicated business account opened in the name of the business and also ensuring that all business…

Google launches programmes to help small businesses thrive post-COVID

A series of programmes to support the growth and recovery of small and medium-sized businesses (SMBs) in Africa’s…
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Sponsored

KFC opened its doors to the city of Port Harcourt

Last week, the leading fast-food brand, KFC Nigeria, opened its doors to the city of Port Harcourt at The Vineyard…

Nigeria: The road map to sustainability

The Nigerian economy recorded another positive growth over the first quarter of 2021, marking the second…

Invest in Recyclan: Recyclan partners with Piggyvest to create…

Recyclan, the market leader in sustainable recycled PET supply from Africa, has partnered with the savings…

Reaprite: No matter how small or huge your financial goals are, we’ve…

Tunde Saliu, the Managing Director of Reaprite Global Limited brings with him a wealth of experience as a Cyber…

Editorial

Need to address the root cause of continuous drawdown on external reserves

Nigeria’s external reserves management came under the limelight recently when the Central Bank of Nigeria (CBN) adjusted the exchange of the naira from the old official rate of N379/$ to the new exchange rate of N410.25/$. The move was made by the nation’s monetary authority with a view to closing the gap between the official exchange rate and the rates in the parallel market. Expectedly, public discourses…

Women in Business

Annette Fisher, Founder/Chair Let’s Build

Annette Fisher is a practicing international British/Nigerian architect. Her practice, FA Global operates in London…

Tolulope Opeoluwa Role, Founder, Nolar Hair Loss Restoration Clinic

Did you know that the condition of one's hair is an indicator of one's general health? Many Nigerians are dealing…

Sanyade Okoli, CEO, Alpha African Advisory Limited

Sanyade is Chief Executive Officer at Alpha African Advisory Limited. She has over 21 years of financial advisory,…

Markie Idowu, MD/CEO Xpress Payment Solutions Limited

Markie Idowu is distinguished by her ability to identify, leverage and develop business policies. Throughout her…

Interview

There is room for improvement in how media portrays Africa – Asher

Zain Asher is an anchor for CNN International based in New York. She currently anchors the weekend edition of CNN…

Good business education helps to build capacity for professional and…

Tunde Success Osideko is the founder of Eudora City Business School. In this interview with Stephen Onyekwelu, he…

We’ve completed about 1m food delivery, e-commerce orders –…

After the Lagos State government banned its ride-hailing service, Gokada pivoted to logistics where it is now…

IROGHAMA OGBEIFUN, advocating for advancement of the maritime industry in…

Iroghama Ogbeifun is the Managing Director/Chief Executive Officer at Starzs Investments Company Limited. She is…

Companies

Total Nigeria expresses optimism for 2021 growth, approves N2.06bn dividend

After a turbulent 2020 that unprecedented disrupted the oil & gas industry owing to the COVID-19 pandemic which…

Arla builds dairy farm in Nigeria to support local milk production

Arla Foods, makers of Dano Milk, will build a state-of-the-art commercial dairy farm in Northern Nigeria where it…

DLM Capital Group retains position as Best Structured Finance and…

DLM Capital Group, a prominent developmental investment bank, emerged winner at the Capital Finance International…

Lifepage Group celebrates 9 years anniversary, restates commitment to…

Lifepage Group, an investment holding company in Nigeria, recently hosted its 9th-year anniversary event, marking a…

Economy

Nigeria among top 5 growth markets for e-commerce in alcoholic drinks

The purchase of alcoholic drinks via e-commerce channels is gaining traction with Nigeria, Africa's biggest…

Oil price at $75 may push subsidy to N1trn

If there is anything to take away from the current increase in international oil price, it is the reality that…

Nigerians confirm IMF’s statement on recovery amid high unemployment,…

The International Monetary Fund (IMF) on Thursday released the outcome of its virtual meeting with Nigerian…

An economist and his friends want to tell the world a unique story about…

Many discussions about Nigeria today begin and end with frustrations about how the economy is punching below its…

Energy

Akinyanmi, Muhammed, company secretary resign from Lekoil Cayman

Lekan Akinyanmi, the founder of Lekoil Ltd, Aisha Muhammed-Oyebode, a non-executive director and Gloria Iroegbunam,…

Shareholder agreement puts Akinyanmi in full control of Lekoil Nigeria

Against the backdrop of the announcement by Lekoil Cayman, the AIM-listed firm that the company’s CEO, Lekan…

Duport Midstream Energy Park to kick-start operations in October

Duport Midstream Company Limited (DMCL), an energy company says its newly built energy park in Egbokor, Edo State…

Buhari flags off NLNG Train 7 project

President Muhammadu Buhari has flagged off the construction work for Nigeria Liquefied Natural Gas (NLNG) Train 7…

Politics

PDP governors berates presidency over comments on NNPC, CBN

Governors elected on the platform of the Peoples Democratic Party (PDP) have berated the presidency over its recent…

APC governors to implement judiciary, legislature autonomy

Governors elected under the platform of All Progressives Congress (APC) are to implement the autonomy of state…

I am indebted to Nigerians- Buhari

President Muhammadu Buhari Thursday in Maiduguri, Borno State, said he remains indebted to all Nigerians for the…

Ogun LG poll: Oyegbola-Sodipo accepts outcome of APC primaries

In rare demonstration of true sportsmanship, a chairmanship aspirant for Abeokuta North Local Government Area of…

Markets

Nigeria stock market down by 1.30% in one week

In the trading week ended Friday June 18, the stock market of Africa's largest economy decreased by 1.30 percent…

FBN Holdings urges investors to seek advice for investment decisions

FBN Holdings (FBNH) Plc has advised investors in the nation’s capital market to always seek financial advice for…

Lafarge Africa redeems its matured N33.6bn bond

Lafarge Africa Plc has announced the redemption of its matured N33.6billion Bond due on June 15, 2021. The…

Nigeria’s equities market sustains gain

The stock market of Africa’s largest economy sustained gain on Thursday, June 17 as investors continued to buy amid…

Technology

Digital currency, cross border payment is centre of attention as FintechNGR…

The second edition of FintechNGR’s Intercontinental Webinar that brings together regulators from across the globe…

Experts say more companies to embrace digital transformation post-COVID

Although the COVID-19 pandemic accelerated the level of digital disruption across different industries, experts say…

Nigeria’s planned tax on airtime recharge to widen unaffordability of…

Two years after public criticism forced a 9 percent communication tax bill to be stepped down, the Nigerian…

Rise in Ransomware attacks in Nigeria force security skills upgrade

More information technology (IT) officers in Nigeria are upgrading their security skills in readiness for the…

Toon of the Day

Podcast

Life and Culture

Netflix, Realness Institute partner on creative skills development in…

In a bid to strengthen the foundation of quality storytelling in Africa, Netflix has kicked off its creative…

RED’s Culture Intelligence hosts inaugural marketing leaders’ summit

Driven by a commitment to help business leaders and associated professionals leverage culture and social data in…

Nigeria movie industry moves to stop smoking scenes in films

The Nigerian movie industry, popularly called Nollywood, has pledged to stop smoking scenes in films produced in…

Harvard Business School honours Nwunelis with Alumni Achievement Award

Nigeria’s Ndidi and Mezuo Nwuneli, founders of Sahel Consulting have been honoured with the Harvard Business School…

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In Other News

Sanwo-Olu inaugurates upgraded roads in Ikoyi

Governor Babajide Sanwo-Olu, on Friday, inaugurated four roads within Ikoyi, Lagos. He said the inauguration of…

Five Things to Know to Start Your Day

Nigerian businesses shun IPOs, raise N3.09tr via commercial papers Rising issuance of Commercial Papers (CPs) in…

Zambia’s first president, Kenneth Kaunda, dies at 97

Zambia’s founding father, Kenneth Kaunda, has died aged 97. His death was officially announced in the country’s…

Coronavirus

COVID-19 cases, deaths surging in Africa, near first wave peak – WHO

COVID-19 cases in Africa are surging by over 20 percent week-on-week as the continent's third wave gains pace and…

A $4bn fight against next pandemic has started in America

The pandemic is not over but US scientists are preparing to fight the next one with a huge funding of almost four…

Nigeria to receive 3.92m doses of AstraZeneca vaccines end July – FG

The Federal Government through the National Primary Health Care Development Agency (NPHCDA) on Tuesday said it has…

World Bank, AU to deploy vaccines for 400m Africans

The World Bank and the African Union’s Covid-19 Africa Vaccine Acquisition Task Team (AVATT) have signed an…

COVID-19 VACCINE TRACKER

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Business Of Health In Lagos

Businessday Investigates

Poor hearts in barrels of harmful oils

As unbridled access to unhealthy fats consumption increasingly hurts the human heart, thousands of Nigerians die…

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Wike demands completion of East-West Road

Rivers State governor, Nyesom Wike has demanded the completion of the East-West Road because of its economic…

Sanwo-Olu inaugurates upgraded roads in Ikoyi

Governor Babajide Sanwo-Olu, on Friday, inaugurated four roads within Ikoyi, Lagos. He said the inauguration of…

PDP governors berates presidency over comments on NNPC, CBN

Governors elected on the platform of the Peoples Democratic Party (PDP) have berated the presidency over its recent…

APC governors to implement judiciary, legislature autonomy

Governors elected under the platform of All Progressives Congress (APC) are to implement the autonomy of state…

Dairy ranchers insist on policy to promote local production

The Commercial Dairy Ranchers Association of Nigeria (CODARAN) has reiterated the need for the implementation of a…

Total Nigeria expresses optimism for 2021 growth, approves N2.06bn dividend

After a turbulent 2020 that unprecedented disrupted the oil & gas industry owing to the COVID-19 pandemic which…