BusinessDay

Nigeria Equities Market:   Top gainers: RTBRISCOE (+9.7%) , MAYBAKER (+9.6%) and GUINNESS (+9.3%) ,   Top losers: IKEJAHOTEL (-9.7%), SOVRENINS (-6.9%) and NAHCO (-3.5%).

TOP STORIES

Nigeria’s 2023 borrowing plans at risk as creditors dry up

Nigeria faces an uphill task finding creditors to plug an N11 trillion hole in the proposed 2023 budget amid foreign investor apathy for the country’s debt instruments and rising domestic interest rates. The yield on Nigeria’s latest $1.25 billion…

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Report on voting pattern

NigeriaDecides2023

Who is afraid of BVAS

Controversies have continued to trail the conduct and outcome of elections in Nigeria. They did not start today.…

Who is afraid of BVAS?

Controversies have continued to trail the conduct and outcome of elections in Nigeria. They did not start today.…

Disquiet in PDP over ‘Housing Allowance’

As recent allegations of attempts to bribe members of the People’s Democratic Party (PDP) National Working…

KWASAA, ARCON canvass decorum in exhibition of election materials

Ahead of the forthcoming general election, an appeal has gone to the politicians and their supporters in the…

Cost of Living Crisis

Abia, Abuja top states with highest cost of preparing breakfast

Abia, Abuja, Edo and Ebonyi States recorded the highest costs of food items for preparing breakfast, a BusinessDay…

Families struggle to cope as cost of living surges

With inflation running at the highest rate in 17 years and food inflation at 14-month high, hitting 23.12 percent…

RUSSIA - UKRAINE CONFLICT

UN report shows magnitude of war’s toll on Ukrainian civilians

The UN Human Rights Office has outlined a litany of abuses and possible war crimes carried out by Russian forces in…

How Russia-Ukraine war may stress Nigerians, others beyond 2022

There are fears that the Russia-Ukraine war will likely drive economic instability in Nigeria and other countries…

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Videos

Video: Weekly market update

The Nigerian equity market closed last week's trading session with a contraction, declining by 33bps as the NGX-ASI closed at 49,026.62…

Video: Weekly market updates

In last week's trading session, the Nigerian equity market experienced a largely bearish performance as all indices under our coverage…

Weekly market update

Top gainers on the last trading session of the week were led by NEM (+7.6%), CHAMS (+6.9%) and FCMB (+6.1%), while HONYFLOUR (-10.00%),…

Obituary: Times Queen Elizabeth II was also Queen of Nigeria

Video- In Memoriam: Times Queen Elizabeth II was also Queen of Nigeria

The missing barrels

Watch a short summary of the oil theft phenomenon that Nigeria is yet to unravel despite being largely an oil dependent economy.

Video: IMF bailout animation

IMF bailout animated

Weekly market update 22nd-26th August 2022

The Nigerian equities market declined 4bps or 0.04% as the NGX-ASI closed at 49,682.15 points. Accordingly, the Year-To-Date (YTD) return of…

Video: Half year financial result of Lafarge cement on the Nigerian…

Half year financial result of Lafarge cement on the Nigerian Exchange Group

BD Weekender

So, you want to go into the ushering business? -A Review of Clementina…

Title: Profitable Usherpreneur: How to Start and Grow a Successful Ushering Business Author: Clementina Busayo…

Branding for Artists

What is a brand or better still what is branding? Nike, Adidas, and Skechers are best known to be the most…

Human synergy: becoming one with your business brand

The hallmark of a successful business can be a successful entrepreneur. While the personal success you have is down…

About guarding your space

Ummita, who was allegedly murdered in cold blood in Kano by a Chinese ex-boyfriend turned monster has gone but the…

Sponsored

Seven quick wins for national prosperity post 62nd Independence Anniversary…

Nigeria is the 6th most populous country in the world. It is richly endowed with several mineral resources,…

Bitcoin and Inflation: Everything you need to know

The idea behind the frequent promotion of Bitcoin (BTC) as an inflation hedge is the belief that fiat money would…

A Q&A with BusinessDay about Studying in Ireland

Why is Ireland an ideal study destination for Nigerian students? Ireland is an English-speaking country with a…

Most sought-after programmes for Nigerian students in Ireland

Ireland has progressively emerged as a desirable study destination for Nigerian students. The country offers an…

Technology

Terra Kulture partners Netflix to support creative industry programmes

Terra Kulture has received a financial donation from the global streaming platform, Netflix. A statement by the…

Politicians, stakeholders urge tech adoption in electoral process,…

Politicians and ICT stakeholders have called for massive adoption of technology in the electoral process and…

Class54 Accelerates JAMB Success Rate with AI-Powered Learning Tools

Class54, a Nigeria startup personalised and portable examination preparation app has unveiled tools that leverage…

Nigerian CIOs rank data breaches top of security worries

Chief Information Officers (CIOs) In Nigeria say that frequent data breaches rank top on the list of their security…

Economy

Nigeria’s debt to balloon further while Angola’s is seen falling says World…

Africa’s two biggest oil producers, Nigeria and Angola are on a contrasting debt trajectory, with…

Naira gains 0.68% as demand moderates after holiday

Naira on Tuesday reversed 0.68 percent of its lost value, gaining N5 per dollar as demand moderated at the parallel…

Abia, Abuja top states with highest cost of preparing breakfast

Abia, Abuja, Edo and Ebonyi States recorded the highest costs of food items for preparing breakfast, a BusinessDay…

Nigeria’s 2023 borrowing plans at risk as creditors dry up

Nigeria faces an uphill task finding creditors to plug an N11 trillion hole in the proposed 2023 budget amid…

Energy

Vandalism, crude oil theft undermined NNPC’s performance in 2021-…

Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited has…

Electricity: Energy experts caution against “multiple regulators” in power…

Energy experts in Abuja, on Monday, cautioned against engaging “ multiple regulators” in the electricity industry.…

Nigeria to become largest renewable energy employer in Africa

Nigeria is expected to become the largest Decentralised Renewable Energy (DRE) employer in Africa this year,…

NNPC says it generated N674bn profit last year

The Nigerian National Petroleum Company (NNPC) Limited has revealed that its annual profit after tax grew by 135…

Markets

International Breweries, others cause market’s negative start to new month

The bearish sentiment in Nigeria’s equities market is seen persisting as the market kicked off the new month on a…

Otedola eyes N250bn from listing Geregu Power on Nigerian Exchange

Geregu Power Plc has gotten approval for Listing by Introduction on the Nigerian Exchange Limited (NGX). The…

Nigeria stocks lose N430bn in September

In the trading month ended Friday, September 30, the Nigerian Exchange Limited (NGX) All-Share Index (ASI)…

Stock market fails to sustain gain

Nigeria's equities market on Thursday failed to sustain previous day's gain as it dropped by 0.42percent or…

Interview

Africa’s emerging economies are great prospects for business…

MATTHEW DELLA CROCE is the global president/chief client experience officer of Allison+Partners, a global marketing…

How businesses can utilise technology to improve growth, profitability, by…

Olugbanga Johnson is the managing director of Autusbridge Consulting Limited. The firm is an indigenous Nigerian…

Kassy Olisakwe: Blockchain entrepreneur building applications for companies

Despite the difficult business environment in Nigeria, entrepreneurs in the tech space have continued to thrive…

Nigeria @62: We haven’t even started the journey to nation state – Bishop…

Cosmas Ilechukwu, the national secretary of Pentecostal Fellowship of Nigeria (PFN) and the General Overseer of…

Companies

NBC targets 40% net zero emission by 2040

The Nigerian Bottling Company (NBC) Limited has announced plans to hit 40 percent net zero emission in 2040, noting…

GCR affirms national scale issuer ratings for Lekki Gardens Estate

Global Credit Ratings Limited (GCR) has affirmed the national scale long-term and short-term issuer ratings of…

FMDQ Exchange registers Julius Berger’s N30bn Commercial Paper

FMDQ Securities Exchange Limited through its Board Listings and Markets Committee has approved the registration of…

Marine service business favours C & I Leasing as gross earnings hit…

C & I Leasing Plc in its half-year financial statement available on the Nigerian Exchange group (NGX) reported…

CLIMATE/ ENVIRONMENT

The danger of choosing to ignore impact of climate change in Nigeria

Nigeria, like other nations to the United Nations Framework Convention on Climate Change (UNFCCC) and other…

Osinbajo leads FG’s team to launch energy transition plan in August

The Federal Government of Nigeria will on Wednesday, August 24, 2022, launch its Energy Transition Plan, tailored…

Nigeria commits to UN water treaty

Africa’s most populous country has taken a significant step towards ensuring the sustainable management of its…

How to curb the flood menace in Lagos

As the rainy season emerged during the first week of March, residents of Satellite Town, Lagos have been troubled…

Toon of the day

Podcast

Life + Art

Accolades pour in for Archbishop Agama’s book on Africa’s spirituality

Expected to take the African book market by storm, spiritual leaders, literary buffs and authorities in different…

Pacers Gallery partners Yawoa Foundation in inaugural artist-in-residence…

On August 1, 2022, the Nigeria and African visual art landscape witnessed the launch of an impactful art residency…

Suraj Adekola: Celebrating blackness, amid new approach in new works

For Black artists in the diaspora, maintaining cultural identity and connecting with African roots have been top…

WTD 2022: FTAN tasks government on tourism funding, investment

Nkereuwem Onung, president, Federation of Tourism Associations of Nigeria (FTAN), has called on the Federal…

Africa

Coup d’état in Burkina Faso as army officers take over

More than a dozen soldiers appeared on state television late Friday declaring that they have taken control over…

AfDB, Cameroon govt partner to boost agricultural value chains with €115.05…

The African Development Bank (AfDB) on Thursday entered into a strategically viable partnership with Cameroon that…

William Ruto sworn in as Kenya’s President

William Ruto has been officially sworn in as the fifth president of Kenya. Thousands gathered in the Kasarani…

Buhari meets former president Jonathan

President Muhammadu Buhari on Wednesday, received former President Goodluck Jonathan, at the Presidential Villa,…

World

Japan, South Korea raise alarm over North Korea’s missile test

Japan and South Korea have raised alarm over ballistic missiles testing operations into the Pacific Ocean by their…

Al-Shabab’s Abdullahi Nadir killed by joint air strike

The government of Somalia has confirmed the death of Al-Shabab's co-founder Abdullahi Nadir in a joint air strike,…

Putin accuses the West for the attack on Nord Stream 1&2

Vladimir Putin, the president of Russia on Friday pointed accusing fingers at the United States and its allies for…

Nigeria -China bilateral trade hits $12bn – Envoy

Chinese Ambassador to Nigeria, Cui Jianchun says that the China-Nigeria trade volume has recorded a great rise of…

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COLUMNISTS

Today's E-paper

OPINION

News

25 MDAs operating without legal instruments – Report

Findings by the Ethics and Integrity Compliance Score Card, (EICSC) 2022, on Tuesday, revealed why President…

Big Story

Gulf states living Nigeria’s dream of an oil windfall

President Muhammadu Buhari spent most of his first term blaming the Peoples Democratic Party for squandering an oil…

NigeriaDecides2023

Who is afraid of BVAS

Controversies have continued to trail the conduct and outcome of elections in Nigeria. They did not start today.…

Who is afraid of BVAS?

Controversies have continued to trail the conduct and outcome of elections in Nigeria. They did not start today.…

Disquiet in PDP over ‘Housing Allowance’

As recent allegations of attempts to bribe members of the People’s Democratic Party (PDP) National Working…

TOON OF THE DAY

Cart2022OCT01b

Cost of Living crisis

Abia, Abuja top states with highest cost of preparing breakfast

Abia, Abuja, Edo and Ebonyi States recorded the highest costs of food items for preparing breakfast, a BusinessDay…

Coronavirus

Private Health Alliance, Sanofi team up to assess Covid-19 vaccine…

Concerned about the low uptake of COVID-19 vaccines in Nigeria despite the availability of supply, the Private…

VOTER CARDS REGISTRATION TRACKER

BD Weekender

So, you want to go into the ushering business? -A Review of Clementina Busayo’s…

Title: Profitable Usherpreneur: How to Start and Grow a Successful Ushering Business Author: Clementina Busayo…

Premium

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…

Podcast

Magazines

More Stories

Who is afraid of BVAS?

Controversies have continued to trail the conduct and outcome of elections in Nigeria. They did not start today.…

Olaniwun Ajayi launches UK office

Olaniwun Ajayi, one of Nigeria’s largest and leading law firms has launched a UK (London) office of the firm.…

Onosajerhe emerges winner of the Olu of Warri Tech challenge, gets N1m

Oghenetejiri Onosajerhe, a 23-year-old, has emerged the winner of Olu of Warri Tech Challenge. The programme was…

Eagles Square Abuja hosts 62nd Independence parade fanfare amidst socio-economic, political challenges

The Federal Government on Saturday rolled out the drums to mark the Nigeria’s 62nd Independence Day anniversary…

New poll shows, Peter Obi, Labour Party’s candidate, likely to win Osun

In a poll conducted in late August by London-based survey company, Emani for U.K Strategic Advisory firm, Sofala…

25 MDAs operating without legal instruments – Report

Findings by the Ethics and Integrity Compliance Score Card, (EICSC) 2022, on Tuesday, revealed why President…