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LEAD STORIES

Fragile states face fiscal storms as FAAC party ends

Olufikayo Owoeye Apr 8, 2020

There are mounting concerns that the federal and other sub-national (states and local) governments may find it difficult to meet their various statutory obligations due to a sharp drop in the oil revenue, their biggest income source, which is…

We must stay the course on lockdown to contain coronavirus

BusinessDay Apr 8, 2020

Citizens have struggled as we march steadily into the second week of the lockdown President Muhammadu Buhari ordered in Lagos and Ogun States as well as the FCT. State governors locked down several states across the country. It has been tough, but…

Shell paid Nigerian government N1.7trn in taxes, royalties, fees in 2019

Isaac Anyaogu Apr 8, 2020

International oil major, Royal Dutch Shell, and its subsidiaries paid the Federal Government of Nigeria over $5.6 billion which, at the exchange rate of N307/$1, comes to N1.7 trillion, the company disclosed in its sustainability report for 2019.…

COLUMNISTS

The fair side of COVID 19: Good thinking (not necessity) is…

Emeka Osuji Apr 8, 2020

COVID 19: A National Lockdown is Imperative!

Franklyn Ngwu Apr 8, 2020

When change comes

Oladapo Akande Apr 8, 2020

The power of narratives

Rafiq Raji Apr 7, 2020

COVID-19 era: Not a time for lamentation

MA Johnson Apr 7, 2020

As markets reel from pandemic, where’s the bottom?

Patrick Atuanya Apr 6, 2020

Recent

BusinessDay kicks off webinar dialogue series

Apr 8, 2020

Stopping community spread of Covid-19 is FG’s immediate task – SGF

Apr 8, 2020

Nigeria confirms 16 new cases of Coronavirus, total now 254

Apr 7, 2020

Oil traders say hopes rising for Friday’s crucial meeting of leading…

Apr 7, 2020

IMF working to respond to Nigeria’s request – Managing Director

Apr 7, 2020

Nigerian economy will contract without stimulus – Finance…

Apr 7, 2020

NAICOM orders Niger Insurance not to dispose assets without its…

Apr 7, 2020

Nigeria plans $6.9bn war chest to fight Covid-19 as FAAC allocations…

Apr 7, 2020

IEA says oil to average $33 a barrel in 2020 and it is seen as boost…

Apr 7, 2020

Updated: Fitch downgrade worsens Nigeria’s dollar-debt prospects

Apr 7, 2020

Updated: NNPC says no more petrol subsidy

Apr 7, 2020

Prev Next

Today's E-paper

Businessday Investigates

‘Ignoring The Bigger Picture’… Why Buhari Cancelled The Metroline Project That Hurts Lagos Till Date

Temitayo Ayetoto Apr 3, 2020

When peers around the continent are mulling an expansion of the metro systems designed in the early…

Short Takes

Here’s what Fitch Rating had to say about Nigerian economy

Olufikayo Owoeye Apr 7, 2020

The downgrade of Nigeria to “B” from “B+” and Negative Outlook is an aggravation…

US Shale economy pants for breath after firms cut spending by $27bn

our reporter Apr 7, 2020

Exxon Mobil Corp. more than doubled the budget cuts announced by any other shale…

Five things to start your day

Segun Adams Apr 7, 2020

COVID-19 update: Local transmission on the rise in Lagos, 238 infections…

Coronavirus Watch

Coronavirus: British PM Boris Johnson set for second night in intensive…

Anthony Nlebem Apr 7, 2020

British Prime Minister Boris Johnson is set to spend a second night in intensive care as he battles the…

Nigeria confirms 16 new cases of Coronavirus, total now 254

Bailey Oluwabunmi Apr 7, 2020

Sixteen new cases of Coronavirus (COVID-19) have been reported in Nigeria: 10 in Lagos, 2 in the FCT, 2 in Oyo, 1…

Coronavirus: SON deploys 29 international standards for medical equipment

Harrison Edeh Apr 7, 2020

The Standards Organisation of Nigeria (SON) says it has deployed 29 internationally certified global standards for…

OIL PRICE CRASHES, ECONOMY IN TURMOIL

Nigeria sells its crude at discount to undercut rivals in bruising oil…

Nigeria seems to be carving out front in the North Sea market covering the Norwegian sea by offering its crude at…

Dollar sells for N400 at black market after CBN adjusted FX

The foreign exchange pressure resumed on Monday, as the dollar sells at N400 at the black market after the Central…

Stock market to remain volatile

The Nigerian stock market will remain volatile today Monday March 23 given the circumstances surrounding the…

Nigeria’s external reserves slip below $36bn, lowest in 29 months

Nigeria’s external reserves on Wednesday fell below $36 billion mark, touching its lowest levels in 29 months. The…

PREMIUM

Fragile states face fiscal storms as FAAC party ends

Olufikayo Owoeye Apr 8, 2020

There are mounting concerns that the federal and other sub-national (states and local) governments may find it…

We must stay the course on lockdown to contain coronavirus

Apr 8, 2020

Shell paid Nigerian government N1.7trn in taxes, royalties, fees in…

Apr 8, 2020

BusinessDay kicks off webinar dialogue series

Apr 8, 2020

Stopping community spread of Covid-19 is FG’s immediate task – SGF

Apr 8, 2020

Stopping community spread of Covid-19 is FG’s immediate task – SGF

Joshua Bassey Apr 8, 2020

The immediate task before the Federal Government is to prevent the spread of the Covid-19 pandemic in communities…

Nigeria plans $6.9bn war chest to fight Covid-19 as FAAC allocations…

Apr 7, 2020

Updated: Fitch downgrade worsens Nigeria’s dollar-debt prospects

Apr 7, 2020

Updated: NNPC says no more petrol subsidy

Apr 7, 2020

45% of new Covid-19 infections in Lagos now community transmission

Apr 7, 2020

EDITORIAL

Coronavirus a challenge to Nigerian pharmacy and manufacturing

By our Reporter

Vitamin A is an essential micronutrient in drug manufacturing and for human and animal nutrition. China and India…

FG, do not let this Coronavirus crisis go to waste

The Editorial Board

With the shutdown of Lagos, Abuja and Ogun States and many others, on account of COVID-19, the Nigerian economy is…

On borders, boundaries and the lockdown

BusinessDay

Two days into the lockdown of three territories, the Federal Government reversed itself virtually by allowing four…

Nigerian political elite and Dubai property market

The Editorial Board

The Nigerian political elite are a special breed who, after contesting and winning elections, become affluent,…

Wealth And Investing

COVID-19 might mean salary cuts. Here’s how to cope

Bailey Oluwabunmi Apr 6, 2020

The impact of Covid-19 has affected or is affecting the financial strength of most companies globally, which has resulted companies to either lay off or do a salary cut for its employee. Although…

Here are the most vulnerable Nigerian state economies amid…

Apr 6, 2020

Here’s what you need to know about Ponzi schemes

Apr 6, 2020

Explainer: Why printing more Naira won’t solve Nigeria’s…

Apr 3, 2020

3 survival tips for Nigerian businesses in a corona economy

Mar 30, 2020

In Focus

Nigeria plans $6.9bn war chest to fight Covid-19 as FAAC allocations…

Updated: Fitch downgrade worsens Nigeria’s dollar-debt prospects

Updated: NNPC says no more petrol subsidy

45% of new Covid-19 infections in Lagos now community transmission

FG says in talks with Innoson, other auto firms on ventilator…

Insight

Infograph of the week

Highlights

Nigerian economy will contract without stimulus – Finance…

Segun Adams Apr 7, 2020

Nigeria plans $6.9bn war chest to fight Covid-19 as FAAC allocations…

Onyinye Nwachukwu (Abuja) & SEGUN ADAMS (Lagos) Apr 7, 2020

Updated: Fitch downgrade worsens Nigeria’s dollar-debt prospects

Olufikayo Owoeye Apr 7, 2020

Updated: NNPC says no more petrol subsidy

Micheal Ani Apr 7, 2020

45% of new Covid-19 infections in Lagos now community transmission

Joshua Bassey Apr 7, 2020

FG says in talks with Innoson, other auto firms on ventilator…

Harrison Edeh Apr 7, 2020

Women in Business

Women in Business: Natasha Akpoti

Kemi Ajumobi

Natasha Hadiza Akpoti (born in 1979) is a Nigerian barrister, social entrepreneur and politician. She ran for the…

Women in Business: Irene Ochem

Kemi Ajumobi

Irene Ochem is the founder and CEO of AWIEF, a premier Pan-African organisation bringing leading women…

Women in Business: Sharon Ikeazor

Kemi Ajumobi

Sharon Ikeazor (born August 28, 1961) is a Nigerian lawyer, politician and management consultant. She is the former…

Women in Business: Anino Emuwa

Kemi Ajumobi

Anino Enuwa is the founder and managing director of Avandis Consulting in France which has a subsidiary in Nigeria.…

Four Ways To Optimise Your Hiring Process as Your Organization Transitions…

BusinessDay Apr 3, 2020

Our world has suddenly been plunged into uncertainty by the COVID-19 crisis. And as markets and industries are…

FCMB Group Records N188bn Revenue, Grows Profit to N20.1bn

BusinessDay Apr 3, 2020

FCMB Group Plc has announced its financial results for the year ended December 31, 2019. The audited results showed…

Tangerine Term Life insurance plan: Protecting your loved ones in uncertain…

Partner Apr 1, 2020

In times of uncertainty, like the world is facing now, it is important to protect ourselves and the people we love.…

Companies

FCMB temporarily suspends season 7 of millionaire promo, commits to…

Micheal Ani Apr 7, 2020

First City Monument Bank (FCMB) has announced a temporary suspension of the season 7 edition of its bumper…

Update: ‪Shell paid Nigerian Government N1.7trillion in taxes, royalties,…

ISAAC ANYAOGU Apr 7, 2020

International oil major, Shell paid the Federal Government over $5.6billion dollars which at the exchange rate of…

Lafarge Africa proposes N1 dividend per share amid N212.9bn FY’19…

Iheanyi Nwachukwu Apr 7, 2020

Lafarge Africa Plc has proposed dividend of N1 per share as shown in its audited results for the full year ended…

Economy

IMF working to respond to Nigeria’s request – Managing Director

Segun Adams Apr 7, 2020

The International Monetary Fund (IMF) is working hard to respond to the request for funds made by Nigeria, so that…

Nigerian economy will contract without stimulus – Finance Minister

Segun Adams Apr 7, 2020

Nigeria, Africa’s most populous country, may fall into recession this year if an economic stimulus plan isn’t put…

Increased insecurity on the back of massive job loss a possibility

Gbemi Faminu Apr 6, 2020

Mariam Osayi, a shop owner in the famous Ile-Epo General Market, sells frozen foods, raw rice, oil, and garri. Last…

Energy

Nigeria, nine others lost over $19bn in revenues to gas flare

Olusola Bello Apr 7, 2020

Nigeria and nine other countries notorious for gas flaring lost over $19bn in revenues last year for failing to…

Oil traders say hopes rising for Friday’s crucial meeting of leading oil…

our reporter Apr 7, 2020

There is rising prospects that the world’s largest oil producers will meet this week for unprecedented talks on a…

8 things we learnt from NEITI latest’s report

Oladehinde Oladipo Apr 7, 2020

Nigeria Extractive Industry Transparency Initiative (NEITI) released its new audited report few days which showed…

Magazines

Politics

Where are the political parties?

Anthony Nlebem Apr 5, 2020

Suddenly, the political parties in Nigeria have gone underground and the so much noise about the power shift in…

Buhari felicitates with Oshiomhole at 68

anthony.ailemen Apr 3, 2020

President Muhammadu Buhari on Friday sent warm greetings to the National Chairman of the All Progressives Congress…

PDP, BMO lock horns over ‘palliatives’ in Buhari’s broadcast

Zebulon Agomuo Mar 31, 2020

The parable over the variegated definitions of an elephant as given by ten blind men appears to be repeating itself…

Coronavirus: Oyo state should be given same treatment as Lagos, Ogun…

remi feyisipo Mar 31, 2020

President Muhammadu Buhari has been asked to include Oyo State and other states with confirmed cases of Covid-19 in…

Life and Culture

International Breweries backs Tuface’s e-concert to curtail coronavirus…

Josephine Okojie Mar 26, 2020

Innocent Idibia, popularly known as Tuface, will on April 12 hold an e-concert in a bid to slow the spread of the…

Africa partners UNWTO on tourism investment, security

Emelike Obinna Feb 25, 2020

Tourism ministers across the African continent are seeking further partnerships with the United Nations World…

‘2020 is a year of acceleration for Radisson Hotel Group’

Emelike Obinna Feb 21, 2020

The last four years have recorded strong growth for the Radisson Hotel Group in Africa. Within the…

Man Enough showing at Terra Kulture Arena every Sunday in February

Press Release Feb 14, 2020

Man Enough is the voice of man crying to be heard, yelling to be saved from a world that thinks he is ‘Super Man’;…

Technology

WhatsApp reduces forwarded messages allowance to curb spread of fake news

Jumoke Akiyode-Lawanson Apr 7, 2020

WhatsApp, a popular mobile chat application, has today (Tuesday) announced that it will be reducing the number of…

Explainer: 5G has no correlation with Covid-19, says NCC

Gift Wada, Abuja Apr 6, 2020

Nigerian Communications Commission (NCC) has said that there is no correlation between the dreaded Covid - 19 and…

The radiation from 5G is not different from that of 2G, 3G and 4G – NCC

Jumoke Akiyode-Lawanson Apr 6, 2020

The Nigerian Communication Commission (NCC), regulator of all telecommunication services in the country, has…

Tech experts debunk fake news on 5G implications to human health

Jumoke Akiyode-Lawanson Apr 5, 2020

Professors of technology and industry experts have debunked the falsehood making the rounds on social media about…

Podcast

Market Intelligence

Dangote Cement Nigeria operations continue to power overall business

Ifeanyi John Apr 6, 2020

The NGN85 billion loss Dangote Cement reported from its Pan African businesses in FY 2019 was the fourth…

Access bank records 39% of forecast merger savings in first year

Ifeanyi John Apr 6, 2020

Access bank shareholders are beginning to reap the efficiency benefits of the diamond bank merger as Nigeria’s…

GTBank generates higher returns to shareholders than any lender

Bala Augie Apr 6, 2020

Guaranty Trust Bank or GTBank has generated much higher returns for its shareholders than any other lender in the…

Coronavirus to boost Pharma stocks on government stimulus

Bala Augie Apr 6, 2020

Analysts are betting that pharmaceutical stocks will appreciate on the back of stimulus announced by government in…

Financial Times

Exxon slashes capital investment by $10bn

Financial Times Apr 7, 2020

ExxonMobil is slashing this year’s capital spending plans by $10bn and will cut cash operating expenses by 15 per…

Income of 73% in US hit by outbreak — FT-Peterson poll

Financial Times Apr 7, 2020

Nearly three-quarters of Americans say the coronavirus pandemic has reduced their family’s income, with nearly half…

US shareholders brace for nine-year squeeze on dividends

Financial Times Apr 7, 2020

Dividends paid to investors by big US companies will take nine years to recover from the downturn caused by…

Coronavirus: Is Europe losing Italy?

Financial Times Apr 7, 2020

A year ago Carlo Calenda ran in European parliamentary elections in Italy under the slogan “We are Europeans”, a…

Get The Latest Updates On The Coronavirus Pandemic And How It Affects You.

live updates Newsletter

Coping with the lockdown

Lead Stories

Fragile states face fiscal storms as FAAC party ends

Olufikayo Owoeye Apr 8, 2020

There are mounting concerns that the federal and other sub-national (states and local) governments may find it…

We must stay the course on lockdown to contain coronavirus

Apr 8, 2020

Shell paid Nigerian government N1.7trn in taxes, royalties, fees in…

Apr 8, 2020

BusinessDay kicks off webinar dialogue series

Apr 8, 2020

Recent

BusinessDay kicks off webinar dialogue series

Apr 8, 2020

Stopping community spread of Covid-19 is FG’s immediate task – SGF

Apr 8, 2020

Nigeria confirms 16 new cases of Coronavirus, total now 254

Apr 7, 2020

Oil traders say hopes rising for Friday’s crucial meeting of leading…

Apr 7, 2020

IMF working to respond to Nigeria’s request – Managing Director

Apr 7, 2020

Nigerian economy will contract without stimulus – Finance…

Apr 7, 2020

NAICOM orders Niger Insurance not to dispose assets without its…

Apr 7, 2020

Nigeria plans $6.9bn war chest to fight Covid-19 as FAAC allocations…

Apr 7, 2020

IEA says oil to average $33 a barrel in 2020 and it is seen as boost…

Apr 7, 2020

Load More Posts

Today's E-paper

Businessday Investigates

‘Ignoring The Bigger Picture’… Why Buhari Cancelled The Metroline Project That Hurts Lagos Till Date

Temitayo Ayetoto Apr 3, 2020

When peers around the continent are mulling an expansion of the metro systems designed in the early 1980s — the…

Columnists

The fair side of COVID 19: Good thinking (not necessity) is…

Emeka Osuji Apr 8, 2020

COVID 19: A National Lockdown is Imperative!

Franklyn Ngwu Apr 8, 2020

When change comes

Oladapo Akande Apr 8, 2020

Coronavirus watch

Coronavirus: British PM Boris Johnson set for second night in intensive care

Anthony Nlebem Apr 7, 2020

British Prime Minister Boris Johnson is set to spend a second night in intensive care as he battles the…

Nigeria confirms 16 new cases of Coronavirus, total now 254

Apr 7, 2020

Coronavirus: SON deploys 29 international standards for medical…

Apr 7, 2020

Coronavirus: FG says immediate task will be stopping community…

Apr 7, 2020

Short Takes

Here’s what Fitch Rating had to say about Nigerian economy

Olufikayo Owoeye Apr 7, 2020

The downgrade of Nigeria to “B” from “B+” and Negative Outlook is an aggravation of ongoing pressures on Nigeria's…

US Shale economy pants for breath after firms cut spending by $27bn

Apr 7, 2020

Five things to start your day

Apr 7, 2020

Banks to cut off lending tap: Five things to start your day

Apr 6, 2020

OIL PRICE CRASHES, ECONOMY IN TURMOIL

Nigeria sells its crude at discount to undercut rivals in bruising oil price war

Isaac Anyaogu Mar 23, 2020

Nigeria seems to be carving out front in the North Sea market covering the Norwegian sea by offering its crude at…

Dollar sells for N400 at black market after CBN adjusted FX

Mar 23, 2020

Stock market to remain volatile

Mar 23, 2020

Nigeria’s external reserves slip below $36bn, lowest in 29…

Mar 20, 2020

Asian stocks gain on WallStreet optimism over stimulus packages

Mar 20, 2020

Premium

Fragile states face fiscal storms as FAAC party ends

Olufikayo Owoeye Apr 8, 2020

There are mounting concerns that the federal and other sub-national (states and local) governments may find it…

We must stay the course on lockdown to contain coronavirus

Apr 8, 2020

Shell paid Nigerian government N1.7trn in taxes, royalties, fees in…

Apr 8, 2020

BusinessDay kicks off webinar dialogue series

Apr 8, 2020

Stopping community spread of Covid-19 is FG’s immediate task – SGF

Apr 8, 2020

Podcast

Wealth And Investing

COVID-19 might mean salary cuts. Here’s how to cope

Bailey Oluwabunmi Apr 6, 2020

The impact of Covid-19 has affected or is affecting the financial strength of most companies globally, which has…

Here are the most vulnerable Nigerian state economies amid Covid-19…

Apr 6, 2020

Here’s what you need to know about Ponzi schemes

Apr 6, 2020

Explainer: Why printing more Naira won’t solve Nigeria’s problems

Apr 3, 2020

More Premium

Stopping community spread of Covid-19 is FG’s immediate task – SGF

Joshua Bassey Apr 8, 2020

The immediate task before the Federal Government is to prevent the spread of the Covid-19 pandemic in communities…

Nigeria plans $6.9bn war chest to fight Covid-19 as FAAC allocations slump

Onyinye Nwachukwu (Abuja) & SEGUN ADAMS (Lagos) Apr 7, 2020

…funds to come from IMF, World Bank, AfDB, SWF …provides N102.5bn direct intervention in health sector

Updated: Fitch downgrade worsens Nigeria’s dollar-debt prospects

Olufikayo Owoeye Apr 7, 2020

Nigeria's hope of raising dollar-denominated cash in the Eurobond market to finance its deficit may have finally…

Updated: NNPC says no more petrol subsidy

Micheal Ani Apr 7, 2020

Nigerian National Petroleum Corporation (NNPC) said on Monday it would no longer cap the price at which fuel is…

Load More Posts

Women In Business

Women in Business: Natasha Akpoti

Kemi Ajumobi Apr 3, 2020

Natasha Hadiza Akpoti (born in 1979) is a Nigerian barrister, social entrepreneur and politician. She ran for the…

Women in Business: Irene Ochem

Apr 3, 2020

Women in Business: Sharon Ikeazor

Mar 27, 2020

Women in Business: Anino Emuwa

Mar 27, 2020

Magazines

Load More Posts

Get The Latest Updates On The Coronavirus Pandemic And How It Affects You

Today's E-paper

PREMIUM

EDITORIAL

In Focus

Insight

Infograph of the week

Women in Business

Magazines

Top Videos

Podcast

Get The Latest Updates On The Coronavirus Pandemic And How It Affects You.

Today's E-paper