Nigeria's leading finance and market intelligence news report.

LEAD STORIES

Border re-opening: Businesses, W/African nations await FG as Jan. 31 deadline nears

As the January 31 deadline for the expiration of the first phase of the Joint Security Operation ‘EX-SWIFT’ Response approaches, businesses in Nigeria and other neighbouring West African countries have raised expectations that the Federal Government would finally come to agreement with its neighbours to re-open the borders to genuine import and export trade. Nigeria’s land borders have been…

PDP may change name, merge with others as party holds NEC meeting Monday 

As the 88th National Executive Committee (NEC) meeting of the People's Democratic Party (PDP) is scheduled to hold on Monday, indications have emerged that the party may finally resolve on its earlier plan to change name.  This is just as the party may during the meeting, conclude arrangements to merge with some other political parties towards retrieving power from the All Progressives Congress…

Insecurity defies measures as more Nigerians die from ruthless attacks

At the height of the Niger Delta militancy crisis, Nigeria was always on global news for the wrong reasons. Then, kidnapping was the order of the day, though targeted at expatriate oil workers in the region whose employers were always willing to negotiate ransom with the particular militant group that kidnapped their staff. Of course, efforts were made to dislodge the groups who often claimed…

Recent

Columnists

Businessday Investigates

Editor's Pick

Davos 2020

PREMIUM

Wealth And Investing

Here are five insights from December inflation data

Owing to seasonality and the border closure, inflation rose to 11.98 percent in December, but like in November, the reading remained below 12.48 percent established in April 2018. Food inflation…

In Focus

Insight

Screen Shot 2020-01-16 at 7.51.50 PM

Infograph of the week

Highlights

Women in Business

‘We need to build bridge between female engineering graduates and…

Funmilola Ojelade is the newly installed president of the Association of Professional Women Engineers of Nigeria…

Reva Stryder, first African footwear brand to partner Azzedine Alaia in…

In 2014, Temitola Olanrewaju started her career as an Executive Trainee in Corporate Banking. As a relationship…

Women in Business: Clare Omatseye

Clare is the Founder and Managing Director of JNC International,   a 12-year old Turnkey Medical Equipment…

Women in Business: Nkasi Obim Nebo (PhD)

Nkasi Obim Nebo (PhD) was recently named Nigeria’s winner for the Commonwealth Points of Light Award by Her…

Sponsored

An overview of The Insurance Industry in Nigeria

The insurance industry of Nigeria consists of 57 registered insurance companies. 14 of them are in the life…

Rage Group, Africa’s Fastest Growing Media and Communications Company…

It’s no surprise that a company fueled by the instinct of the king of the jungle tops the Business Day’s 100…

Kuda Starts Banking Revolution In Nigeria With Free Transfers For All…

Kuda, a digital-only bank licensed by the Central Bank of Nigeria, has kickstarted a revolution in Nigeria’s…

Companies

Air Peace Chairman Condemns Stigmatisation against Nigerians

Allen Onyema, the chief executive officer of Air Peace, has condemned international stigmatisation of Nigerians,…

Nestle eyes larger market share as it re-launches Golden Morn

In its drive to improve customer satisfaction and earn a larger market share, Nestlé Nigeria, a top player in the…

Why we created Connect Nigeria business fair- MD

Managing director, Connect Nigeria Business, an information portal for Medium Small and Medium Enterprises (MSMEs),…

Economy

Border re-opening: Businesses, W/African nations await FG as Jan. 31…

As the January 31 deadline for the expiration of the first phase of the Joint Security Operation ‘EX-SWIFT’…

South-South governors to agree on strategies to non-oil exports

Six state governors of the South-South geo-political zone of Nigeria are to deliberate and agree on the strategies…

Clarity, accountability must justify new government borrowings in 2020

It is a sad reality that the Nigerian economy has failed to rise above its recovery phase since its exit from the…

Energy

IPMAN threatens strike over non-supply of kerosene to NNPC Calabar depot

The Independent Marketers Association of Nigeria, (IPMAN), Cross River State chapter has explained that the Union …

Nigeria Says Official Got Bag of Cash from ‘Sham’ Energy Firm

Nigeria is alleging that suspicious payments were made to officials involved in the award of a 20-year gas supply…

Imo rural electrification boss eyes solar power, compressed gas

To deliver an alternative energy system with solar energy and mini-grids, a cooperative system and a convoluted…

Politics

Bello will clean PDP mess, APC assures Kogi people

Ahead of the inauguration of Yahaya Bello for a second term as Governor this Monday, the ruling All Progressives…

Kano rerun: Jibrin concedes defeat, accuses INEC of conspiracy

The candidate of the All Progressives Congress (APC) in the Saturday rerun election for Kiru/Bebeji Federal…

Badaru counters Fayemi, says APC will wax stronger after Buhari

Jigawa State Governor, Abubakar Badaru has countered the claims by his Ekiti State counterpart, Kayode Fayemi that…

Imo judgment: Group faults Supreme Court

A coalition of civil society organisations has faulted the Supreme Court judgment which sacked Emeka Ihedioha as…

Life and Culture

Minister woos investors to Nigeria’s Creative Industry

The Minister of Information and Culture, Lai Mohammed, has urged investors to take advantage of the burgeoning…

Mr Jollof and other Influencers create value in a struggling economy

How did Mr Jollof, Warri-born, social media influencer, end up being chauffeured through London in the back of a…

‘I spend ₦ 200,000 on therapy sessions every month’

In the spirit of World Mental Health Day,  on today’s episode of ''How I spend it'', we share the diary of a young…

How I Spend It: Is ₦2million enough savings in Nigeria?

Going by how boring life can get for young professionals, the need to add some spice comes up more often than not.…

Technology

Airtel gets new number range, 0904

Telecommunications services provider, Airtel Nigeria, has announced that it has added 0904 number series to its…

Impact on the Digital Economy

Technological changes are constantly shaping business relationships and organizations have continued to refine…

What you should know about PSBs as CBN delays licence

The Payment Service Bank (PSB) licence is seen by many people as the last hurdle to unleashing a new era of…

Did OPay really violate Google’s predatory lending policy?

Opera the parent company of OPay, a payment company with major operations in Nigeria has been accused of violating…

Market Intelligence

Why Presco’s stock price fell by almost 30% in 2019

Presco Plc, Nigeria’s second largest agricultural firm by market capitalization saw its stock price decline by 26…

The N781bn wall of liquidity set to sustain equities rally

Analysts are increasingly pointing to potential investments from Nigerian pension funds this year to sustain a…

Investment sentiment for consumer goods stock may not improve in 2020

Investment sentiments for consumer goods stocks haven’t improved and may continue to be poor as tax increases by…

Check out these 4 impressive value stocks in 2020

Twenty days have passed in 2020, and it’s time for investors to evaluate the stock markets in a new light. Last…

Financial Times

Isabel dos Santos charged with money laundering

Angola’s attorney-general has brought charges of money laundering against Isabel dos Santos as the legal net around…

The world needs a Libor for carbon pricing

Global leaders made plenty of bold — and often pious — pledges about climate change this week as they gathered in…

US and France agree deal on digital tax

The US and France have formally declared a truce in their fight over digital taxation after the US dropped its…

China extends travel restrictions in effort to contain coronavirus 

Hospitals in Wuhan overwhelmed by country’s worst viral outbreak since Sars China has expanded travel…

Lead Stories

Recent

Businessday Investigates

UNDERCOVER (II): Staff Shortage, Ghost Workers, Principalities and Powers… Many Things Not Right At ‘Yaba Left’

After altering his looks and taking psychiatric lessons every day for one week, investigative journalist ‘FISAYO…

Columnists

Davos 2020

Premium

INSIGHT

state of the nation
Whynigeria is broke (1)

Wealth And Investing

Here are five insights from December inflation data

Owing to seasonality and the border closure, inflation rose to 11.98 percent in December, but like in November, the…

More Premium

Insurers’ premium income may rise 40% on PenCom’s life cover enforcement

Life insurance premium currently growing at an average of 32 percent annually since 2014 following implementation…

BusinessDay’s ‘Lead battery’ investigation wins world’s biggest journalism prize

BusinessDay’s investigative series “Dying in installments,” which uncovered the harmful effects of unsafe lead…

Nigeria’s prosperity in next decade will hinge on data, productivity, population 

A riddle for Sub-Saharan African countries which enjoyed impressive growth in the last decade but failed to bridge…

Coronavirus: Nigeria ramps up preparedness as Lagos puts residents on red alert

The Nigerian government is ramping up its level of preparedness and has included a vast system to its port health…

Women In Business

Companies & Market

Economy & Politics

Bello will clean PDP mess, APC assures Kogi people

Ahead of the inauguration of Yahaya Bello for a second term as Governor this Monday, the ruling All Progressives…

Energy & Technology

Financial Times

Isabel dos Santos charged with money laundering

Angola’s attorney-general has brought charges of money laundering against Isabel dos Santos as the legal net around…

More Stories

PDP tasks NASS to Summon Buhari over Nigeria’s rating as third most terrorism nation

The Peoples Democratic Party (PDP) has tasked the National Assembly to while it will resume from recess, quickly…

Basketball legend Kobe Bryant dies in a helicopter crash

US Media report says Basketball legend Kobe Bryant has passed away in a helicopter crash in California. Bryant was…

Buhari orders air strikes against bandits in Niger State

President Muhammadu Buhari on Sunday, authorised massive air attacks against bandits terrorizing local communities…

2020 Access Bank Lagos City Marathon: ValueJet joins the marathon family

The Central Car Park of the Teslim Balogun Stadium Surulere promises to be a beehive of activity from Monday 27th…