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

LEAD STORIES

Today's E-paper

#EndSars

#EndSARS: IGP says Amnesty International’s report on shooting of…

Nigeria's Inspector General of Police (IGP), Mohammed Adamu, has debunked the October 21, 2020 report by Amnesty…

#ENDSARS Protest: Nigeria’s $460bn GDP threatened as looting,…

If the massive looting of goods and wanton destruction of properties in almost all the six Southwest states are…

#ENDSARS: Police arrest 18 ‘arsonists’ in Abia

The police in Abia have arrested 18 suspects in connection with attack and destruction of properties during the…

Looters ground Taraba Versity Skills Acquisition center

The Taraba State University (TSU), Jalingo, on Thursday said the institution's Skills Acquisition center lost over…

Top Videos

OUR LIVES MATTER – ISHA SESAY

It’s clear that #Nigeria’s SARS unit has openly operated with impunity for yrs. 'Should the killings be a response…

Investment Opportunities in the Nigeria Stock Market

In this episode of the Ultimate Money Show, Lolade Akinmurele talks about the investment opportunities in the stock…

Nigeria’s food reserves are almost empty

AT the beginning of 2020, Nigeria had about 100,000 metric tonnes (MT) of different grains in the strategic food…

Become a Millionaire with Gold ETF in Nigeria

In the first episode of the Ultimate Money Show, Business Day’s Lolade Akinmurele talks about the investment…

Businessday Investigates

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

‘Army general buys 30 tickets’ I step out of the train knowing, without…

Short Takes

Meet Karl Toriola, MTN Nigeria’s new CEO

MTN Nigeria has named Karl Olutokun Toriola as its next Chief Executive Officer…

Six things we learnt from IMF’s latest fiscal monitor

The fiscal monitor of the International Monetary Fund (IMF) is prepared to…

5 things we learnt from NNPC’s audited 2019 financial accounts

The Nigerian National Petroleum Corporation (NNPC) has released its audited…

COVID-19: Ogun orders full reopening of churches, mosque, hotels

Pleased with the drop of COVID-19 infections in Ogun State, Gov. Dapo Abiodun has announced that all hotels,…

COVID-19: FG recalls Civil Servants from Grade levels 1 to 12

Federal government on Thursday removed the limitation on civil servants allowed to come to work, as the government…

Relief for Nigeria, others as World Bank approves $12 billion for COVID-19…

The clamour for equitable distribution of treatment of COVID-19 appears to have gained substantial backing with the…

COVID-19: PTF says only 600 000 Nigerians tested,warns against laxity

The Presidential Task Force on Coronavirus, PTF COVID-19 on Monday said only about 600 000 persons have been so far…

AFRICA

Covid-19:West African MPs urged to prioritize advocacy on right to food

Members of Parliament (MPs) of the Economic Community of West African States (ECOWAS) have been urged to prioritize…

Air Peace to begin commercial flights into Johannesburg soon

Air Peace, has announced that it will be commencing regular commercial flight operations from its Lagos hub into…

Ghana outpaces Nigeria in foreign direct investments first half of 2020

Ghana may have an economy seven times smaller than Nigeria’s but the West African country has raked in two times…

#EndSARS: Ghana President says Buhari working on police reforms, urges calm

The president of the Republic of Ghana, Nana Akufo-Addo said on Wednesday that he has spoken to President Muhammadu…

COLUMNISTS

PREMIUM

Start-Up Journal

Obiefuna champions event clinic to help entrepreneurs stay relevant

Chioma Obiefuna, chief executive officer of Kristafield Group, has called on event industry professionals to…

Analysts see sustained protest worsening manufacturers’ revenues

Still healing from the aggressive impact of coronavirus pandemic on businesses, local manufacturers will be hard…

Lack of clear-cut business plans hinders SMES growth — Nwogwugwu

EMEM NWOGWUGWU IS AN ENTREPRENEUR, AUTHOR, EXECUTIVE COACH, AND CERTIFIED PROJECT MANAGER OF LA PAX LIFE PROJECT.…

Meet Mfonobong, fashion entrepreneur with passion for affordable clothing

Mfonobong Nsima-Abasi Iyang is the chief executive officer of Rockdesignersforless, an online store that sells…

Sponsored

Study in Ireland – Nigeria Fair: A gateway to studying abroad

Ireland, a renowned centre of educational excellence with her universities and colleges ranked in the top five…

Legacy Global Summit 2020

The Legacy Global summit is a virtual conference and an inter-generational bridge builder for emerging…

Everything you need to know about Cryptocurrency

You definitely must have been hearing about cryptocurrency lately. But I guess you do not know all it entails. If I…

Lekki gardens upgrdes, beautify estates to delight clients

Lekki Gardens, Nigeria’s Premier Pan African Property Investment Company is upgrading and beautifying some of her…

Wealth And Investing

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

As it has become an annual ritual for the echelon of the Lagos State government, especially the ministry of education to converge every August at the behest of Lagos agency, X3M Ideas to commission…

Cartoon and Graphics

Women in Business

Oyeyimika Adeboye, a pacesetter and evidence of how a woman can shatter the…

Oyeyimika Adeboye is the Managing Director of Cadbury Nigeria Plc. and also the Cluster Director West Africa at…

Funmi Roberts, Founder/Principal Partner at Funmi Roberts & Co

Funmi Roberts is the Founder and Principal Partner of Funmi Roberts & Co. a leading female-owned law firm with…

Taba Peterside, CEO at Waveline Growth Partners

Waveline Growth Partners is a micro lender that is focused on supporting small businesses to promote financial…

Women in Business: Bolanle Austen-Peters

Bolanle attended the University of Lagos for her undergraduate studies and earned a master’s degree in…

Interview

“We aim to have our own fully automated rice mill within the next one…

Gbenga Eyiolawi, is the Founder and Chief Trader at Titan farms, an AgriTech company that trades on agro-…

“We see opportunities in accelerating, evolving our delivery and logistics…

Uber recently increased fares for rides in cities of operation across Nigeria. As cities reopen and movement…

‘One has to be fluid with one’s business structure so that it can be…

Folashade Kasim is the creative head of Glam up interior design limited, a design firm and furniture production…

Companies

Sahara Energy Geneva unfolds expansion drive, announces Guillebon’s…

Sahara Energy Resources International Pte Limited (Geneva Branch), a member of energy conglomerate, Sahara Group,…

Nestle’s profit dips 13% amid economic disruption

Nestlé Nigeria with a strong portfolio has been on top of its game for many years and has maintained a profile of…

CDC makes additional $40ml investment in Liquid Telecom

CDC Group, the UK’S development finance institution, has invested an additional $40 million in Liquid Telecom,…

Economy

Reps warn committees against budget increase for MDAs

The House of Representatives has warned Standing Committees against the increase of the 2021 budget, hence they are…

Insecurity undermining Nigeria’s Economy, FDI, others -Buhari

Despite the huge investment in fighting insurgency, President Muhammadu Buhari on Wednesday said “ security threats…

CRR deductions won’t make banks lend, improved economic activity will

The recurrent debits of banks’ CRR by the Central Bank of Nigeria isn’t sufficient enough to force banks to extend…

Energy

Power Sector records all-time peak of 5,459.50MW

The Transmission Company of Nigeria (TCN) on Friday said the nation’s power industry has again attained another…

Stakeholders task FG on incentives to boost investment in gas-powered…

Stakeholders have urged the Federal Government to come up with incentives that will boost private sector investment…

Nigeria faces more economic pain as oil price hits 4-month low

Panic is beginning to spread through the oil market as the price of Brent, the benchmark for Nigeria’s crude oil,…

Politics

Edo governorship election petition tribunal begins sitting

The Edo State Governorship Election Petition Tribunal on Friday commenced sitting on petitions filed by political…

Akwa Ibom to hold LG elections as scheduled

Akwa Ibom says plans have been concluded for the conduct of the local government elections holding this weekend in…

PDP charges INEC chair on credible, conclusive elections

The Peoples Democratic Party (PDP) has asked the Chairman of the Independent National Electoral Commission (INEC),…

PDP urges national rebirth, end to corruption, oppression

The Peoples Democratic Party (PDP) has urged Nigerians, particularly the leaders, to use this year’s Eid-el Maulud…

Markets

Sterling Bank’s Switch offers free money transfer service to Nigerians in…

In a bid to revolutionise international banking and allied services for Nigerians in the Diaspora, Sterling Bank…

Custodian Investment grows Q3 pre-tax profit to N7.3bn

Custodian Investment Plc, a leading non-bank financial institution quoted on the Nigerian Stock Exchange (NSE) with…

Cost of dollar stable on black market

The cost of purchasing one dollar was stable on Wednesday at between N460 and N461 on the black market. At the…

Investors gain N240bn as Nigeria stocks further defy social unrest

Despite social unrest witnessed last week in Nigeria, equity investors continued to take a position in a number of…

Technology

Mastercard’s SME solution to enable touchless payments, virtual cards for…

Mastercard has released a sleuth of payment solutions that it expects will enable small and medium scale…

54gene’s new clinical research program to ensure health studies are…

54gene launched a clinical program on Wednesday that aims to ensure health studies on major diseases like the…

How IoT-based asset tracking can help Nigerian businesses reduce delivery…

While the industrial revolution is gradually picking up with manufacturing plants springing up across the country,…

Nigeria’s CcHUB acquires another Kenyan startup, eLimu

Barely one year after it took control of Kenya’s foremost incubator and accelerator iHub, Nigerian-based…

Life and Culture

Reflecting on swift growth of Ake Arts and Book Festival

Many personalities and institutions are showing strength amid Covid-19 disruptions and the Ake Arts and Book…

Poets Factory concludes poem competition virtually

Part of the things Covid-19 pandemic left us with is that we could hold events, learn, as well as do so much…

Burna Boy, Rema, others bag 2020 MTV EMA nominations

MTV has announced nominations for the “2020 MTV EMAs, and Nigerian singers Burna Boy and Rema have been nominated…

Nigerian Jay Traks wins international grant on fashion designing

Founder and creative director at Jay Traks, Trakiriowei Jacintha has won the keenly contested $5,000 growth grant…

Market Intelligence

Diversified product base spurs Flour Mills to growth as profit hits record…

With consistent earnings growth even amid an economic downturn, it is not impossible for the share price of Flour…

Nigeria’s finances is in its worst position in history

The year 2020 has been a historic year in Nigeria for so many wrong reasons. From the crude oil price meltdown to…

Gtbank is the most successful lender in Nigeria

Adesoji Solanke Director for Frontier and subSaharan African banks at Renaissance Capital in a recent note to…

Analysts maintain Buy Ratings on Dangote Cement

A slew of analysts have retained and maintained their Buy recommendation on the shares of Dangote Cement, thanks to…

Backpage

Investors rush back to Egypt, buy over $20bn in debt while Nigeria…

While peer Nigeria is struggling, foreign debt investors have flocked back to Egypt, reversing billions of dollars…

Private equity-owned companies in “intensive care” due to pandemic

One in 10 companies owned by private equity managers is in “intensive care” as a result of the coronavirus…

5 things FG must do to build resilient, industrial economy

It is indisputable that some of the issues affecting Nigeria’s industrial success in 1980s and 1990s are still the…

A house divided: Covid-19 and an atmosphere of distrust pose grave risks to…

IN HIS FINAL debate with Hillary Clinton in 2016, Donald Trump refused to commit himself to accepting the results…

Recent

Top Videos

OUR LIVES MATTER – ISHA SESAY

It’s clear that #Nigeria’s SARS unit has openly operated with impunity for yrs. 'Should the killings be a response…

Today's E-paper

Columnists

Businessday Investigates

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

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

Premium

Podcast

Magazines

More Stories

It’s another weekend of long hours in traffic as Lagos closes Third Mainland Bridge today

For motorists in Lagos, especially those who must go through Adekunle-Adeniji axis and other adjoining routes to…

Nestle’s profit dips 13% amid economic disruption

Nestlé Nigeria with a strong portfolio has been on top of its game for many years and has maintained a profile of…

Power Sector records all-time peak of 5,459.50MW

The Transmission Company of Nigeria (TCN) on Friday said the nation’s power industry has again attained another…

Seplat’s Q3 revenue dips to $388million on lower oil prices

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

Sterling Bank’s Switch offers free money transfer service to Nigerians in diaspora

In a bid to revolutionise international banking and allied services for Nigerians in the Diaspora, Sterling Bank…

Custodian Investment grows Q3 pre-tax profit to N7.3bn

Custodian Investment Plc, a leading non-bank financial institution quoted on the Nigerian Stock Exchange (NSE) with…