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Businessday Investigates

LEFT TO SUFFER (I): Boko Haram Rapists Impregnated Them. Now, They Love and Hate their Children at the Same Time

IBRAHIM ADEYEMI spent a month combing the length and breadth of Borno in search of children sired by…

Short Takes

Explainer: Why Nigeria’s Voluntary Offshore Assets Regularisation Scheme matters

Last Friday, President Muhammadu Buhari signed an amendment to Executive Order…

Here are Nigeria’s four best-performing sectors in Q1’2020

In the first three months of 2020, the Nigerian economy reported its worst…

Here are ten major points to know about how Ardova Plc in first quarter 2020

Figures from Nigeria’s listed downstream firm Ardova Plc has revealed how the…

 Kano condemns social media attack on Coalition Against Covid-19…

The Kano State government has described as a mischievous attempt to misrepresent facts, a viral video footage in…

COVID-19: After rift, Anambra, Delta agree to free traffic on Niger bridge

Hours after Delta State Government pulled down the iron barricade mounted at Asaba end of Niger Bridge by the…

COVID-19: Nigeria’s cases rise by 276 to 8344

Nigeria recorded 276 new coronavirus cases on Tuesday, as the country’s total infection rose to 8344. The…

Start-Up Journal

DBN sets up credit guarantee company to boost lending to MSMEs

The Development Bank of Nigeria (DBN) has set up a Credit Guarantee Subsidiary in order to push more lending to the…

Maduka to compete with world’s leading entrepreneurs in Monaco

Cosmas Maduka, founder and president of Coscharis Group of Companies, a leading Nigeria’s indigenous conglomerate,…

Lockdown weighs on SMEs as margins fall on inter-state restrictions

Measures taken to curb the spread of coronavirus may be timely and inevitable, but they are also hurting small…

Fintech start-up, Kiakia, launches P2P lending investment mobile app

KiaKia, one of Nigeria’s leading lending fintech companies, has launched the first lending investment mobile app in…

Sponsored

Nile University Ensures Education Continuity Amid COVID-19 Pandemic

Following the arrival of the COVID-19 pandemic in Nigeria and the realization that the country would need to go on…

Axxela achieves landmark 5 million LTI-Free man-hours

May 4, 2020 (Lagos, Nigeria) — Axxela Limited (“Axxela”), sub-Saharan Africa’s preferred fast-growing gas &…

GroupFarma cultivates 2,500 hectares of premium rice

Groupfarma, a brand owned by Timesellers Limited, an Agritech Company, is cultivating a total of 2,500 hectares of…

FCMB Connects Entrepreneurs To Experts With “Top-5-In-5” Initiative

Leading financial services provider, First City Monument Bank (FCMB), has continued to blaze the trail with…

OIL PRICE CRASHES, ECONOMY IN TURMOIL

Explainer: Why has the pump price of diesel remained same despite oil…

Within the past three months, the oil market has been hit by the twin combination of a price war among producers…

Oil faces stuttering, uneven return to normality

Just one month ago, US oil prices turned negative for the first time in history. Today, oil is back above $30 a…

A Month after oil plunged into the Abyss, prices are rebounding

For the world’s most important commodity, there’s never been a month like it. Just a few weeks ago, crude oil was…

Huge glut of oil sitting on tankers shows signs of shrinking

One of the oil market’s most obvious signs of oversupply -- millions of barrels being stored on tankers all over…

PREMIUM

EDITORIAL

Nigerian scientists’ COVID-19 advances promising for Africa 

Nigeria, often derided as the big for nothing giant of Africa has made two major scientific breakthroughs since the…

A crisis not to be wasted

The confluence of COVID-19 and an oil market collapse means that our oil boom is well and truly over. We have no…

Support Nigeria’s informal sector to spur development

The COVID-19 pandemic has brought negative economic consequences in the form of job losses, threatened the…

Nigerians abroad: Surplus in a time of shortages

It's estimated that more than 4,000 Nigerian doctors practice in the US; over 5,000 in the UK and 568 in Canada (a…

Insight

Infograph of the week

Alaro city

Highlights

Women in Business

Women in Business: Jane Amuta

Jane quit banking six years ago and ventured into private business as a fitness, health and beauty entrepreneur,…

Women in Business: Mofolusade Sonaike

Mofolusade Sonaike is the MD/CEO of Mumpreneur.ng. and Trezorlandia Limited. She is popularly referred to as the…

Abimbola Banu-Ogundere, inspiring a generation of impactful education…

Abimbola Banu- Ogundere is an education advocate and education leadership expert whose life's work is to create a…

Chika Okorafor Aneke, intentional about qualitative teaching

Chika Okorafor Aneke is re-defining what it means to be a teacher. With over 23 years of teaching and 17 years of…

Companies

Premium Pension names Babayo new board chairman

The Board of Premium Pension Limited has announced changes in its corporate structure with the appointment of…

Dangote Cement posts strong performance in Q1 as profit before tax up by…

Africa’s leading cement manufacturer, Dangote Cement plc, has posted a strong performance in the first quarter…

FG bows to pressure, drops Air Peace from evacuating Nigerians from Canada

The Federal Government has bowed to pressure from the Canadian government to drop Air Peace from carrying out the…

Economy

Supply disruptions, structural challenges push trade sector into deeper…

The trade sector, Nigeria’s second-largest sector by output contribution, contracted sharply in three months…

Here is what’s next after subsidy removal

Going forward, the downstream oil and gas industry is expected to be more competitive and liquid following the…

NIMC issues NIN to 41 million Nigerians, as diaspora enrollment continues…

The National Identity Management Commission (NIMC) said it has enrolled and issued the National Identity Number…

Energy

Here is what’s next after subsidy removal

Going forward, the downstream oil and gas industry is expected to be more competitive and liquid following the…

Covid-19: Oil companies face maintenance worry on Nigerian oil assets

The effect of the coronavirus pandemic is causing maintenance worry for most oil and gas companies operating in…

Renewable energy to boost employment as FG reverses VAT imposition

Investors in Nigeria’s renewable energy sector can now heave a sigh of relief as the Federal Government of Nigeria…

Politics

Group backs Oyo govt over loan, says infrastructure, health sector need…

Following criticism by the opposition All Progressive Party (APC), Oyo Kajola Group (OKG), Oyo State-based…

2020 Children’s Day: Gbajabiamila calls for policies to reduce number…

The Speaker of the House of Representatives, Femi Gbajabiamila on Tuesday said all policies, including legislative…

Why Govs are meeting over autonomy of states’ judiciary, legislature

The 36 state governors in the country will meet today, Wednesday to take a decisive position on the financial…
zenth bank

Technology

How agritech firms in Africa are enabling food security, supply amid…

The COVID-19 may have governments, scientists and health workers confused as to how to contain it, it has, however,…

Coven Works launches online AI School, targets 200,000 beneficiaries in 6…

As part of the efforts to democratize and encourage both young people and job seekers to embrace life-long learning…

Understanding how Internet Service Providers estimate data usage and how to…

Due to the Coronavirus pandemic and lockdown of states across the country, Nigerians are staying at home and making…

Jeff Bezos trillionaire tale and Nigeria’s e-commerce

America’s Jeff Bezos, founder of e-commerce giant, Amazon, is becoming a trillionaire in the midst of COVID-19…

Life and Culture

Obasanjo, Abiodun, Amosun mourn as Ogun Muslims head, Orunsolu, dies at 98

Former President Olusegun Obasanjo, ex-Governor Ibikunle Amosun and Governor Dapo Abiodun of Ogun State have…

Condolences pour in for former World Court judge, Adolphus Karibi-Whyte

The rumoured death of the former World Court judge and Supreme Court Justice, Adolphus Godwin Karibi-Whyte, seems…

Eid-el-fitri: Sanwo-Olu calls for moderate  celebrations 

Lagos State governor, Babajide Sanwo-Olu has urged for moderate celebrations as the Muslims mark end of the…

Eid-el-Fitri: Gov Abiodun felicitates Muslims, urges compliance with…

Ogun State governor, Dapo Abiodun, has sent a message to Nigerian Muslim faithful as they join other…

Top Videos

Podcast

Market Intelligence

Why CBN $100m weekly dollar sales is not enough to end dollar scarcity

After CBN announced last April that it was going to resume sales of around $100m to Small and Medium…

Despite period of volatility, Airtel Africa delivers strong earnings growth

Airtel Africa Plc is taking advantage of the country’s population growth and the need for increased connectivity…

Lagos could lose almost N133bn everyday if it implements a total lockdown

Lagos State is unarguably the most populous and prosperity city in Nigeria and accounts for up to one third of the…

Despite Covid-19 crisis, Gtbank remains most efficient lender in Nigeria

Amid the global economic turbulence caused by the coronavirus pandemic, Guaranty Trust Bank (Gtbank) has sweated…

Financial Times

Can New York avoid a coronavirus exodus?

Just over a year ago, before the modern plague descended, Manhattan’s Hudson Yards threw a launch party that was…

Macy’s pledges stores as collateral in $1.1bn bond deal

Macy’s is turning to its real estate portfolio to raise cash in the coronavirus crisis, pledging several of its…

Market ‘distress’ over virus sparked emergency Wall St measures

More than 270 of Wall Street’s key trading staff were summoned for emergency weekend duty to clear a massive…

Global stocks push higher on easing virus nerves

Global stocks climbed on Tuesday, building on a rally that has been defying pessimists for two months. The US…

Recent

Today's E-paper

Businessday Investigates

LEFT TO SUFFER (I): Boko Haram Rapists Impregnated Them. Now, They Love and Hate their Children at the Same Time

IBRAHIM ADEYEMI spent a month combing the length and breadth of Borno in search of children sired by Boko Haram…

Columnists

OIL PRICE CRASHES, ECONOMY IN TURMOIL

Premium

Podcast

Wealth And Investing

Money Is A Tool, Not A Noose

In anticipation of this week’s article, people who follow @findreach on social media were asked to select what they…

More Premium

Relief for taxpayers as LIRS further extends deadline for filing annual returns to June 30

The Lagos State government has further extended the deadline for filing of annual tax returns to June 30, 2020.…

Nigeria’s power infrastructure to get urgent makeover

Nigeria’s power distribution infrastructure is getting a major makeover as President Muhammadu Buhari has directed…

The gloom, doom in Nigeria’s Q1’20 GDP report

With at least 39 activity sectors recording a growth rate of less than 2 percent out of a total of 52 sectors,…

Developers adjust, rethink products offering as property market faces new normal

Real estate developers, particularly commercial office space suppliers, are becoming increasingly creative and…

Women In Business

Women in Business: Jane Amuta

Jane quit banking six years ago and ventured into private business as a fitness, health and beauty entrepreneur,…

Magazines

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More Stories

Naira strengthens by N2.00k as FX market resumes

Nigeria's currency on Wednesday strengthened against the dollar as the foreign exchange market resumed after the…

How agritech firms in Africa are enabling food security, supply amid restrictions

The COVID-19 may have governments, scientists and health workers confused as to how to contain it, it has, however,…

Can New York avoid a coronavirus exodus?

Just over a year ago, before the modern plague descended, Manhattan’s Hudson Yards threw a launch party that was…

Macy’s pledges stores as collateral in $1.1bn bond deal

Macy’s is turning to its real estate portfolio to raise cash in the coronavirus crisis, pledging several of its…

TAJBank announces issuance of N150bn FGN Sukuk

TAJBank, Nigeria’s non-interest financial institution, has announced a N150 billion Sukuk Bond as appointed by the…

Market ‘distress’ over virus sparked emergency Wall St measures

More than 270 of Wall Street’s key trading staff were summoned for emergency weekend duty to clear a massive…