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Businessday Investigates

Covid-19 adds to misery of homeless Nigerians in Lagos

Ibrahim Adeyemi
IBRAHIM ADEYEMI spent three nights with some homeless Nigerians in Lagos, to have a front-row…

Short Takes

Here are 4 major takeaways from Lagos’ reformed Land Use Charge 2020

Chuka Uroko
Following the agitation and public outcry that trailed the new Lagos Land Use…

Here’s why NNPC intervened in disputes over Oil Mining Lease 130

Stephen Onyekwelu
Last Thursday Nigeria’s national oil company, the Nigerian National…

15 key reforms from Nigeria’s first revision of corporate law in 30yrs

Lolade Akinmurele
Nigerian President Muhammadu Buhari on Friday assented to the Companies and…

Coronavirus Watch

COVID-19: US donates 200 ventilators to Nigeria

Godsgift Onyedinefu
The United States (US) government on Tuesday donated 200 ventilators to support Nigeria's fight against COVID-19.…

COVID-19: FG yet to carry out tests in 85 LGAs in 20 states- Mustapha

Anthony Ailemen
Federal government on Monday revealed that it is yet to commence the Coronavirus tests in 85 local government Areas…

Edo govt urges strict adherence to COVID-19 protocols as schools resume…

Idris Momoh
As secondary schools in Edo State open for exit examination classes Monday, August 10, 2020, the government has…

Oyo commissioner tests negative for COVID-19 after 46 days in isolation

Remi Feyisipo

COLUMNISTS

Are African numbers still poor? (4)

Rafiq Raji

Do it all: No “silver bullet” for coronavirus

MA Johnson

Nigerian economy-challenges and solutions in the maritime…

Festus Okotie

Race for WTO DG: Can Okonjo-Iweala win against the odds?…

Olu Fasan

Understanding accounting and finance for non-finance…

Eizu Uwaoma

If you cannot sail, float

JR Kanu

The Nigerian Code of Corporate Governance, 2018

Bisi Adeyemi

For Chief JK Randle – it’s thanksgiving time again (3)

Bashorun Randle

PREMIUM

Businesses eye recovery as COVID-19 shows early signs of abating

Odinaka Anudu
There is a sense of relief in the private sector over the gradual drop in the number of COVID-19 cases in Nigeria,…

With depleted food reserves, Nigeria risks hunger crisis

Ease of Doing Business Order in jeopardy as cost of clearing goods…

Transparent grid management to reduce concerns of collapse with TCN…

Investors dump Lagos as Ogun becomes new industrial hub

Investors dump Lagos as Ogun becomes new industrial hub

Odinaka Anudu
Direct investors have shunned Lagos State in the last six years, preferring rather to set up plants in Ogun State,…

With CAMA 2020, FMDQ sets sight on derivatives trading

Landlords struggle with rent collection as COVID-19 erodes tenants’…

Blakeney rakes in N940million from sale of UAC shares

Nigeria’s foreign reserves to shrink further as debt servicing,…

Start-Up Journal

Osoniyi, still thriving after 4yrs, amidst business challenges

Olujide Osoniyi is the creative director of Jidehaute, a Lagos-based fashion line outfit that produces unisex…

Amid economic downturn, Idowu Kikelomo finds gold in event industry

Kikelomo Olayeni Idowu has found a multi-million naira opportunity in the event industry.  Her journey of success…

Phillips Consulting to empower entrepreneurs, startups with new micro…

Rob Taiwo, managing director of Philips Consulting, is planning to empower entrepreneurs with new micro courses.…

GEEP provides COVID-19 relief to 87,614 petty traders

The Government Enterprise and Empowerment Program (GEEP) has provided palliative microloans for 87,614 petty…

Sponsored

Opera launches Opera For Business and announce new partnership with Google…

BusinessDay
New offering will help 40 million small and medium sized businesses in Nigeria improve their online presence.…

FCMB sustains new strengths in Q2

BusinessDay
First City Monument Bank sustained new strengths in operations in the second quarter despite the challenges of the…

Tech and the Cloud will drive the post-pandemic revival

George Thabit Ayad Thomas
The COVID-19 pandemic has had such a fundamentally destabilising impact on the planet that it transcends public…

FCMB Group Records Impressive Half Year Results as Profit Before Tax Rose…

BusinessDay
FCMB Group Plc has again proved its resilience and capability to deliver outstanding performance and returns to…

Third Mainland Bridge Closure

Only 25% of vehicles on 3rd Mainland Bridge being diverted – FRSC

Only 25 percent of total daily vehicular traffic on the partially closed Third Mainland Bridge are being diverted.…

Why motorists spend longer hours on Eko Bridge

The Federal Government has explained why motorists on Eko Bridge in Lagos have had to endure pains and stress of…

Third Mainland Bridge closure: Here are alternative routes for you

Don't get trapped in the heavy traffic build-ups that have become the order of the day on Third Mainland Bridge…

Fashola assures motorists of improved traffic situation on Third Mainland…

Minister of Works and Housing, Babatunde Fashola, has assured the motoring public that the traffic…

Editorial

Need for CBN to unify Nigeria’s multiple exchange rates

The Editorial Board
The road to Nigeria’s economic success and property isn’t an easy one. It requires tough and bold policies along…

Opinion

How COVID-19 has changed economic thinking

Currency devaluation: Why it happens and what we can do about it

Nigeria data protection regulation (1)

Edo 2020: What do you bring to the table?

Too black to succeed: Harnessing Jamaica’s colonial struggle to…

Creating stronger Diaspora bond for rapid development post-Covid-19…

COVID-19: Sexual harassment on the rise

The boy child: Unseating his social validation as an endangered specie

A Nigerian President of Igbo extraction is a desideratum now

Wealth And Investing

Ambani, Indian tycoon, threatens to topple Zuckerberg on global rich list

Our Reporter
When Facebook decided to invest $5.7 billion (Rs 43,574 crore) in Mukesh Ambani’s Jio Platforms this past April, its co-founder and chief executive Mark Zuckerberg would not have imagined the Indian…

Here’s how wealth, fund managers are solving client’s…

How ABIT makes your portfolio diversification goal easier

Here’s what you should know about the artisanal gold mining…

Signature 50 ranking unveils Nigeria’s biggest corporations

In Focus

With CAMA 2020, FMDQ sets sight on derivatives trading

Landlords struggle with rent collection as COVID-19 erodes tenants’…

Blakeney rakes in N940million from sale of UAC shares

Nigeria’s foreign reserves to shrink further as debt servicing,…

Stanbic IBTC, Heirs entry to disrupt Nigeria’s insurance sector,…

Women in Business

‘We aim to enhance knowledge on child labour and transform social attitudes…

Josephine Okojie
Elizabeth Ajetunmobi is the chief executive officer of Aymie Staffing Solutions and the president of the…

Women in Business: Constance Iloh

Kemi Ajumobi
Described as a “higher education powerhouse” by Diverse: Issues in Higher Education, Professor Iloh is an…

Women in Business: Affiong Williams

Kemi Ajumobi
Affiong Williams is the CEO/ Founder of Reelfruit, a topmost fruit processing, packaging and marketing company in…

H.E Bisi Adeleye-Fayemi, the social entrepreneur and gender development…

Kemi Ajumobi
Her Excellency, Erelu Bisi Adeleye-Fayemi is the First Lady of Ekiti state. She is a feminist activist,…

Interview

‘Nigeria needs evolved regulation, governance to protect our national…

Jumoke Akiyode-Lawanson
Esigie Aguele is the CEO and co-founder of VerifyMe Nigeria, a verification platform that enables seamless,…

‘Businesses need to develop risk strategies that promote payment security’

Caleb Ojewale
Online transactions have increased in recent months as both consumers and businesses shift online in conforming to…

Persistent flood may trigger severe food crisis across Nigeria –…

Godsgift Onyedinefu
Most parts of the country are currently being ravaged by flood due to heavy rainfalls. In this interview with JOHN…

Companies

ICMS makes new appointments 

Hope Ashike
Integrated Cash Management Services Limited (ICMS), one of the licenced cash processing companies operating in…

Kian Smith set to enhance gold value-chain with launch of ‘Kano Gold…

Ifeoma Okeke
Kian Smith Trade & Co. Limited, a gold exploration, mining and processing company has pledged to enhance gold…

Flour Mills of Nigeria: Reaping investment benefits as Agro-allied business…

Okafor Endurance
Despite prevailing economic headwinds and the difficult operating terrain of Apapa, Flour Mills of Nigeria (FMN)…

Financial Times

Spies, lies and dormant ties: how to use and abuse LinkedIn

Financial Times
Dickson loved LinkedIn. He checked the professional social network almost every day for new contacts. It was…

Uber and Lyft told to treat drivers as employees in California

Financial Times
A judge in California has ordered Uber and Lyft to reclassify their drivers as employees, in what would be the most…

Global shares rally as investors bet on new stimulus

Financial Times
Shares across Europe and the Asia-Pacific region rallied as investors pinned their hopes on Washington pushing…

Economy

Nigeria’s states are sinking in a sea of N4trn domestic debt

Our reporter
The economies of Nigeria’s states are sinking under the suffocating weight of domestic debt owed by the states and…

FG releases details on MSMEs support scheme,with N200bn loan support

Harrison Edeh
The Federal Government has released new details on the Micro Small and Medium Enterprises (MSMEs) support scheme…

Osun flirts with insolvency, spends 91% of FAAC servicing debt in Q1

MICHAEL ANI & FAVOUR OlAREWAJU
For every N100 shared to the Osun State government as revenue allocation from the federation account (FAAC), N91…

Energy

Stakeholders demand early delivery of AKK gas pipeline project

Harrison Edeh
Key stakeholders in the Nigerian economy have demanded urgent realisation of the Ajaokuta-Kaduna-Kano (AKK)…

NNPC pledges to boost gas delivery to domestic market

Olusola Bello
The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to working with relevant partners…

National Gas Transportation Network Code will spur investments in gas…

Isaac Anyaogu
The National Gas Transportation Network Code launched in February, by Timipre Sylva, minister of state for…

Politics

INEC fixes 12 parliamentary bye-elections October 31

James Kwen
The Independent National Electoral Commission (INEC) has fixed 12 pending National and State Houses of Assembly…

Makinde presents cash donation to late politician’s widow

Remi Feyisipo
Governor Seyi Makinde, on Tuesday, presented a cash donation to the family of the late Peoples Democratic Party…

Oyo Assembly confirms Oyeleke as commissioner designate

Remi Feyisipo
The Oyo State House of Assembly on Tuesday confirmed Lateef Idowu Oyeleke as commissioner designate. Governor Seyi…

Markets

CBN to rollover N144.8bn maturing Government instruments Wednesday

Hope Ashike
The financial market liquidity will improve as the Central Bank of Nigeria (CBN) is expected to rollover maturing…

Dangote Cement leads laggards as stock market falls further

Iheanyi Nwachukwu
Nigeria’s stock market recorded another session of negative close on Tuesday August 11, driven by decline in prices…

Local capital markets provide succour to Nigerian corporates amidst…

Anthony Nlebem
The Nigerian debt capital market (DCM) has continued to demonstrate buoyancy and resilience in the face of the…

Magazines

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Technology

FG Commissions eleven projects to aid digital Economy

Gift Wada, Abuja
The Federal government has commissioned eleven projects to aid implementation of digital Economy in the country.…

‘Nigeria needs evolved regulation, governance to protect our national…

Jumoke Akiyode-Lawanson
Esigie Aguele is the CEO and co-founder of VerifyMe Nigeria, a verification platform that enables seamless,…

Bitcoin shrugs off dump fears as price soar above $12,000

Frank Eleanya
The price of bitcoin jumped above $12,000 on Monday morning for the second time in recent weeks rising from $11,750…

Bitcoin offers Nigerian diaspora new ways of remitting money home

Stephen Onyekwelu
Bitcoin is offering Nigerians in diaspora new ways sidestepping multiple exchange rates, high and sometimes hidden…

Life and Culture

Envoy Hotel still offers premium services

Obinna Emelike
In March 2018, a new entrant debuted in the Nigerian hospitality market with a promise to make a difference,…

Lilo, Ka3na speak on relationship with housemates 

Anthony Nlebem
Big Brother Naija Lockdown housemates witnessed their very first Eviction Night show on Sunday, August 2, 2020.…

Bayegun (Woli Arole) changing his narrative with film production

Kemi Ajumobi
Oluwatoyin Bayegun, Known as Woli Arole, is a Nigerian comedian, actor and on-air personality. He was born on…

Online social platform ‘mentoring her’ set to empower women

Ifeoma Okeke
‘Mentoring Her’, an online social platform that virtually connects female mentors and mentees where they can…

Top Videos

Podcast

Market Intelligence

Cement makers’ costs balloon on currency devaluation

Bala Augie
The devaluation of the currency by the central bank to protect the external reserves led to spiralling cost of …

The paradox of lower yield but higher risk

Bala Augie
It is amazing how everyone looked forward to 2020 as the “magic year” only for the yearning aspirations to be…

Unilever see share price and gross profit drop by 60 percent in 3 years

Bala Augie
Unilever Nigeria has seen their share price decline by around 63 percent as investors repriced the company…

Nigeria’s Stock Market adds 4,000 points since hitting multiyear lows in…

Ifeanyi John
Since falling to multi-year lows in April, the Nigerian Stock Market All Share Index has now jumped around 4,000…

Backpage

Nigeria’s free fall into China’s debt trap!

BusinessDay
Quote: “A dog that refuses to heed the warning call from the hunter’s whistle will end up missing.”…

Assessing performance of Nigeria’s industrial plan

Odinaka Anudu
In early 2014, economic and development experts gathered in Abuja to launch the National Industrial Revolution Plan…

Adewunmi Ogunsanya – Visionary behind MultiChoice success story in…

Daniel Obi
MultiChoice Nigeria Limited, a leading entertainment company and operator of DStv and Gotv is a success story that…

Climate change: asset managers join forces with the eco-warriors

Attracta Mooney in London and Patrick Temple-West in Tampa
As 2020 kicked off, Dan Gocher at the Australasian Centre for Corporate Responsibility, a shareholder advocacy…

Lead Stories

Nigeria’s states are sinking in a sea of N4trn domestic debt

Our reporter
The economies of Nigeria’s states are sinking under the suffocating weight of domestic debt owed by the states and…

In numbers, here’s how Nigeria would look with higher testing for…

Osun flirts with insolvency, spends 91% of FAAC servicing debt in Q1

Businesses eye recovery as COVID-19 shows early signs of abating

Recent

Businesses eye recovery as COVID-19 shows early signs of abating

With depleted food reserves, Nigeria risks hunger crisis

Here are 4 major takeaways from Lagos’ reformed Land Use Charge…

Ease of Doing Business Order in jeopardy as cost of clearing goods…

Transparent grid management to reduce concerns of collapse with TCN…

In Other News

Politics

INEC fixes 12 parliamentary bye-elections October 31

Sports

Shooting Stars club matches now to go Live on TV, Radio

Education

Primary school teachers in Taraba lament unpaid 3 months salary

Politics

Makinde presents cash donation to late politician’s widow

News

FIRS says it generates N3billion weekly from stamp duty…

Health

UNICEF seeks end to harmful cultural practices in Ebonyi…

Today's E-paper

Qries
Subscribe to read e-paper

Columnists

Are African numbers still poor? (4)

Rafiq Raji

Do it all: No “silver bullet” for coronavirus

MA Johnson

Nigerian economy-challenges and solutions in the maritime…

Festus Okotie

Race for WTO DG: Can Okonjo-Iweala win against the odds?…

Olu Fasan

Understanding accounting and finance for non-finance…

Eizu Uwaoma

If you cannot sail, float

JR Kanu

Businessday Investigates

Covid-19 adds to misery of homeless Nigerians in Lagos

Ibrahim Adeyemi
IBRAHIM ADEYEMI spent three nights with some homeless Nigerians in Lagos, to have a front-row experience of how…

Short Takes

Here are 4 major takeaways from Lagos’ reformed Land Use Charge 2020

Chuka Uroko
Following the agitation and public outcry that trailed the new Lagos Land Use Charge (LUC) Law 2018, the Babajide…

Here’s why NNPC intervened in disputes over Oil Mining Lease 130

15 key reforms from Nigeria’s first revision of corporate law in…

Five things to start your day

Coronavirus watch

COVID-19: US donates 200 ventilators to Nigeria

Godsgift Onyedinefu
The United States (US) government on Tuesday donated 200 ventilators to support Nigeria's fight against COVID-19.…

COVID-19: FG yet to carry out tests in 85 LGAs in 20 states- Mustapha

Edo govt urges strict adherence to COVID-19 protocols as schools…

Oyo commissioner tests negative for COVID-19 after 46 days in…

Premium

Businesses eye recovery as COVID-19 shows early signs of abating

Odinaka Anudu
There is a sense of relief in the private sector over the gradual drop in the number of COVID-19 cases in Nigeria,…

With depleted food reserves, Nigeria risks hunger crisis

Ease of Doing Business Order in jeopardy as cost of clearing goods…

Transparent grid management to reduce concerns of collapse with TCN…

Investors dump Lagos as Ogun becomes new industrial hub

Start-Up Journal

Osoniyi, still thriving after 4yrs, amidst business challenges

Bailey Oluwabunmi
Olujide Osoniyi is the creative director of Jidehaute, a Lagos-based fashion line outfit that produces unisex…

Amid economic downturn, Idowu Kikelomo finds gold in event industry

Phillips Consulting to empower entrepreneurs, startups with new micro…

GEEP provides COVID-19 relief to 87,614 petty traders

Sponsored

Opera launches Opera For Business and announce new partnership with Google My…

BusinessDay
New offering will help 40 million small and medium sized businesses in Nigeria improve their online presence.…

FCMB sustains new strengths in Q2

Tech and the Cloud will drive the post-pandemic revival

FCMB Group Records Impressive Half Year Results as Profit Before Tax…

Third Mainland Bridge Closure

Only 25% of vehicles on 3rd Mainland Bridge being diverted – FRSC

Joshua Bassey
Only 25 percent of total daily vehicular traffic on the partially closed Third Mainland Bridge are being diverted.…

Why motorists spend longer hours on Eko Bridge

Third Mainland Bridge closure: Here are alternative routes for you

Fashola assures motorists of improved traffic situation on Third…

Opinion

How COVID-19 has changed economic thinking

TEMITOPE OLUGBILE
COVID-19 isn’t merely hurting lives and livelihood, it is weakening economic ideologies too. The current…

Currency devaluation: Why it happens and what we can do about it

Nigeria data protection regulation (1)

Edo 2020: What do you bring to the table?

Podcast

WEALTH AND INVESTING

Ambani, Indian tycoon, threatens to topple Zuckerberg on global rich list

Our Reporter
When Facebook decided to invest $5.7 billion (Rs 43,574 crore) in Mukesh Ambani’s Jio Platforms this past April,…

Here’s how wealth, fund managers are solving client’s worries

How ABIT makes your portfolio diversification goal easier

Here’s what you should know about the artisanal gold mining…

Women In Business

‘We aim to enhance knowledge on child labour and transform social attitudes of…

Josephine Okojie
Elizabeth Ajetunmobi is the chief executive officer of Aymie Staffing Solutions and the president of the…

Women in Business: Constance Iloh

Women in Business: Affiong Williams

H.E Bisi Adeleye-Fayemi, the social entrepreneur and gender…

Financial Times

Spies, lies and dormant ties: how to use and abuse LinkedIn

Financial Times
Dickson loved LinkedIn. He checked the professional social network almost every day for new contacts. It was…

Uber and Lyft told to treat drivers as employees in California

Global shares rally as investors bet on new stimulus

Lebanon’s crisis: ‘People are going to suffer, people are hungry’

Companies & Market

ICMS makes new appointments 

Hope Ashike
Integrated Cash Management Services Limited (ICMS), one of the licenced cash processing companies operating in…

CBN to rollover N144.8bn maturing Government instruments Wednesday

Dangote Cement leads laggards as stock market falls further

Kian Smith set to enhance gold value-chain with launch of ‘Kano…

Magazines

Interview

‘Nigeria needs evolved regulation, governance to protect our national security…

Jumoke Akiyode-Lawanson
Esigie Aguele is the CEO and co-founder of VerifyMe Nigeria, a verification platform that enables seamless,…

‘Businesses need to develop risk strategies that promote payment…

Persistent flood may trigger severe food crisis across Nigeria –…

‘The Nigerian market is ripe for animation movies, and our LBMM is the…

Economy & Politics

INEC fixes 12 parliamentary bye-elections October 31

James Kwen
The Independent National Electoral Commission (INEC) has fixed 12 pending National and State Houses of Assembly…

Makinde presents cash donation to late politician’s widow

Oyo Assembly confirms Oyeleke as commissioner designate

Edo poll: Oshiomhole’s former aide supports Obaseki’s re-election with…

Energy & Technology

FG Commissions eleven projects to aid digital Economy

Gift Wada, Abuja
The Federal government has commissioned eleven projects to aid implementation of digital Economy in the country.…

Stakeholders demand early delivery of AKK gas pipeline project

NNPC pledges to boost gas delivery to domestic market

National Gas Transportation Network Code will spur investments in gas…

Life and culture

Envoy Hotel still offers premium services

Obinna Emelike
In March 2018, a new entrant debuted in the Nigerian hospitality market with a promise to make a difference,…

Lilo, Ka3na speak on relationship with housemates 

Bayegun (Woli Arole) changing his narrative with film production

Online social platform ‘mentoring her’ set to empower women

Backpage

Nigeria’s free fall into China’s debt trap!

BusinessDay
Quote: “A dog that refuses to heed the warning call from the hunter’s whistle will end up missing.”…

Assessing performance of Nigeria’s industrial plan

Adewunmi Ogunsanya – Visionary behind MultiChoice success story…

Climate change: asset managers join forces with the eco-warriors

More Stories

FIRS says it generates N3billion weekly from stamp duty collection

Cynthia Egboboh
The Federal Inland Revenue Service (FIRS) on Tuesday announced that it has been generating N3 billion revenue…

UNICEF seeks end to harmful cultural practices in Ebonyi communities

Nkechinyere Oginiyi
The United Nations Children's Fund (UNICEF), has called on traditional rulers in Ebonyi communities to end all the…

FG Commissions eleven projects to aid digital Economy

Gift Wada, Abuja
The Federal government has commissioned eleven projects to aid implementation of digital Economy in the country.…

Champions League: Battle of the titans as 8 teams fight for spots in the semis

Anthony Nlebem
The UEFA Champions League quarter-finals get underway in Lisbon on Wednesday, four months later than scheduled…

Akeredolu inaugurates Amotekun Corps

Koretimi Akintunde
Ondo State Governor, Oluwarotimi Akeredolu, on Tuesday said his administration would not tolerate any form of…

COVID-19: US donates 200 ventilators to Nigeria

Godsgift Onyedinefu
The United States (US) government on Tuesday donated 200 ventilators to support Nigeria's fight against COVID-19.…