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Food insecurity risk high on naira crunch

The persistent cash crunch facing households and businesses could trigger a food crisis in Africa’s most populous nation in the second quarter of the year if the government fails to act fast, farmers have said. More than a week after the Central…

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Report on voting pattern

NigeriaDecides2023

Datti Ahmed urge Buhari, CJN not to swear in Tinubu as President

Datti Baba Ahmed, the vice presidential candidate of the Labour Party in the February 25 presidential election, has…

Tinubu’s presidency will disenfranchise, suppress people, create one party…

In an emotional world press conference held in Lagos on Wednesday, Gbadebo Rhodes-Vivour, the governorship…

Governor-elect advised to carry Rivers’ youth along

The man who seems to command the attention of the youth of Rivers State, Tony Okocha of the All Progressives…

My re-election is for the good people of Bauchi State-Governor Bala

Governor Bala Abdulkadir Mohammed of Bauchi State on Wednesday said that his re-election was not for him alone but…

Cost of Living Crisis

Cash crunch: Households unable to stock up home ahead of Ramadan

Several Muslim households are unable to stock up on food items ahead of the 2023 Ramadan period owing to the…

Food prices rises for second straight month to 24.35%

Food prices in Africa’s biggest economy rose for the second straight month to 24.35 percent in February 2023,…

Belarus nabs ‘terrorist’ behind attempted sabotage at airfield base – Belta

Belarus detained on Tuesday what it said was a “terrorist” working with Ukrainian and U.S. intelligence services…

Zelensky insists talk with Putin possible only after Russian troops…

Ukrainian President Volodymyr Zelensky has reiterated his rejection of negotiations with Russia before a withdrawal…

Videos

BD Weekender

Success in Business is a Game -A Review of Don Eugene Ogbebor’s Dice

Title: Dice: Playing to Win as An Entrepreneur Author: Don Eugene Ogbebor Publisher: WORITAL GLOBAL Year…

Mega trouble 2

As Mega approached me, I knew instinctively that this was going to be the end for me. I have never seen so much…

How diverse leadership teams boost innovation

As the business landscape continues to evolve, it's becoming increasingly clear that diversity and inclusion are…

Good governance: Maryam Shetty leading by empowering others

The notion of providing women with opportunities to invest and change their circumstances for the better seems to…

Sponsored

SEO at gambling niches – Siarhey Sitis from OnlineBettingSA.co.za

In this interview, we talk to an experienced SEO specialist who has been in the field for five years. They discuss…

Delivery quality services to Lagos citizens through Ministry of Commerce

Hon. Lola Akande is a product of Queen’s School, Ibadan. She holds a Bsc in Botany from the University of Ife (now…

A woman of substance with a patriotic vision

She is a woman of substance who has continued to distinguish herself through her participation in diverse…

Nigeria has not encouraged the ascendency of women

What would you describe as the greatest passion that has brought you this far in your career? The desire to break…

Technology

E-payment adoption slows on transaction failures, stamp duty charges

Many Nigerians, mostly traders and commercial bus drivers, are not accepting online transfers due to transaction…

Nigeria recorded over 3.8m cyber attacks during governorship elections…

The federal government has announced that about 3,834,244 hacking attempts were made on Nigeria’s cyberspace…

Nigeria fintech to gain as funding rise in 2023

With the Nigerian government renewed focus on promoting and funding startups, fintech is set to record the highest…

FG removes planned 5% duty on telecom operators equipment

The outgoing Nigerian government said it has suspended the plan to impose a 5 percent excise duty on telecom…

Economy

PoS operators reduce charges as naira scarcity eases

Transaction fees charged by Point of Sale (PoS) operators have reduced as naira scarcity has begun to gradually…

FX market auction records highest ever bid as naira firms

The foreign exchange (FX) market auction conducted on Wednesday at the investors and Exporters (I&E) forex…

CBN raises interest rate to 18% on rising inflation, fragile growth

The Central Bank of Nigeria (CBN) on Tuesday after the second two-day Monetary Policy Committee (MPC) in the year,…

Naira redesign didn’t check rising inflation – KPMG

A new report by KPMG Nigeria has revealed the change in the design of the Nigerian naira notes has no impact on…

Energy

Explainer: How Lagos plans to fund 1GW solar energy by 2030

The Lagos State Government has planned to achieve 1 gigawatt (GW) of solar photovoltaic generation by 2030 through…

FG unveils regulations for midstream, downstream petroleum sector

The federal government on Wednesday launched six regulations to govern the activities of the midstream and…

Lagos power plan sets blueprint for others

The Lagos Electricity Market plan of the Babajide Sanwo-Olu’s government seeks to provide a cheaper, cleaner…

New law paves way for states’ power markets

The newly approved constitutional amendment that empower sub-nationals to generate, transmit and distribute…

Markets

GTCO, Lasaco, Transcorp, others cause market’s N18bn gain

Nigeria’s equities market reached new high on Wednesday, rising by 0.06percent or N18billion, as more investors…

Market sees first gain this week amid MPR hike

Though on a slightly positive note, the Nigerian equities market recorded its first gain this week, rising by…

Stocks shed N17bn as market rout continues

Nigeria’s equities market on Monday continued its journey into the negative region as investors cautiously…

Stock market drops by 1.58% in week ended March 17

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and its equities Market Capitalisation depreciated by…

Interview

Daniel Bamidele: Social entrepreneur on a mission to develop talents

Daniel Bamidele is the founder and executive director of Grow with Path, a talent management start-up based in…

Conduct of 2023 presidential poll downgraded Nigeria’s rating globally…

Peter Obi was the presidential candidate of the Labour Party (LP) in the February 25 election and former governor…

Victoria Ekhomu – MD/ Vice-President, Trans- World Security Systems…

Victoria Ekhomu is an ASIS Foundation Board of Trustee and past Chairman of the African Advisory council of ASIS…

Aisha Abubakar – Independent Non-Executive Director, Union Bank of…

Aisha Abubakar is an accomplished public sector administrator with over 30 years of professional working experience…

Companies

Afreximbank raises financing facility for Fidelity Bank to $180m

African Export-Import Bank (Afreximbank) on Wednesday said it has raised its financing facility for Fidelity Bank…

May & Baker’s foreign exchange gains hit N458m, highest in a…

May & Baker Nigeria reported a foreign exchange gain of N458.9 million in 2022, the highest in a decade despite…

NGX, partners further advocate financial literacy for young Nigerians

Nigerian Exchange Limited (NGX) continues to build on its advocacy of inculcating a culture of saving and investing…

FCMB partners leading Real Estate firms on affordable housing

First City Monument Bank (FCMB) has partnered with Brains & Hammers Limited and Brooks Assets & Resources…

CLIMATE/ ENVIRONMENT

LBS executive programme members turn thrashed tyres to income source

In the last decade, Africa’s biggest economy has experienced a surge in population growth and urbanization, which…

The danger of choosing to ignore impact of climate change in Nigeria

Nigeria, like other nations to the United Nations Framework Convention on Climate Change (UNFCCC) and other…

Osinbajo leads FG’s team to launch energy transition plan in August

The Federal Government of Nigeria will on Wednesday, August 24, 2022, launch its Energy Transition Plan, tailored…

Nigeria commits to UN water treaty

Africa’s most populous country has taken a significant step towards ensuring the sustainable management of its…

Toon of the Day

Early Start Towards 2027

Podcast

Life + Art

Davido is back online promoting his new album ‘TIMELESS’

After months of disappearing from social media and deleting parts of his posts following the death of his son,…

Funke Akindele speaks on election loss, next move

Funke Akindele, deputy governorship candidate of the Peoples Democratic Party (PDP) in Lagos State has said she…

Alison Cole’s book mirrors existential crisis, religious transition,…

Alison Cole, London based Nigerian writer, in his new book titled ‘NOrTh of My Mind’ explores themes of existential…

Nigeria needs investments to boost local art market – Patrons

Keturah Ovio, a director of Patrons MCAA, an art advisory and dealership firm, Nigeria requires huge private and…

Africa

Why West Africa needs single currency, by GITFiC

West Africa needs a single currency to protect itself against global shocks; achieve deeper economic integration,…

Visa Foundation commits $1m to uplift women entrepreneurs in Africa

Visa foundation has announced a $1 million grant partnership with two African organizations highlighting the…

IWD2023: AfDB marks progress in gender equality with EDGE certification

The African Development Bank (AfDB) group announced that it has made an appreciable achievement in the area of…

Egypt offers to sell own 10% stake in Telecom Egypt – Sources

Egypt is offering to sell a 10 percent stake in state-controlled Telecom Egypt, sources with knowledge of the offer…

World

Flagstar Bank acquires Signature Bridge Bank despite $2.5bn loss to FDIC

Flagstar Bank entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to acquire Signature…

ICC issues arrest warrant for Putin over alleged war crimes in Ukraine

The International Criminal Court (ICC) has issued an arrest warrant for Russian President Vladimir Putin over…

U.S. regulators transfer assets of Silicon Valley Bank to ‘bridge bank’

The Federal Deposit Insurance Corporation (FDIC) on Monday transferred all deposits—both insured and uninsured—and…

North Korea fires two short-range ballistic missiles — South Korea military

The South Korean military said that North Korea fired two short-range ballistic missiles into the sea off its east…

Top Stories

Food insecurity risk high on naira crunch

The persistent cash crunch facing households and businesses could trigger a food crisis in Africa’s most populous…

Recent

COLUMNISTS

Today's E-paper

OPINION

In Other News

Big Story

Lagos eyes 1GW by 2030 on new law – Sanwo-Olu

Babajide Sanwo-Olu, governor of Lagos State, has said the bill signed by President Muhammadu Buhari granting states…

NigeriaDecides2023

Datti Ahmed urge Buhari, CJN not to swear in Tinubu as President

Datti Baba Ahmed, the vice presidential candidate of the Labour Party in the February 25 presidential election, has…

Tinubu’s presidency will disenfranchise, suppress people, create one party…

In an emotional world press conference held in Lagos on Wednesday, Gbadebo Rhodes-Vivour, the governorship…

Governor-elect advised to carry Rivers’ youth along

The man who seems to command the attention of the youth of Rivers State, Tony Okocha of the All Progressives…

My re-election is for the good people of Bauchi State-Governor Bala

Governor Bala Abdulkadir Mohammed of Bauchi State on Wednesday said that his re-election was not for him alone but…

Belarus nabs ‘terrorist’ behind attempted sabotage at airfield base – Belta

Belarus detained on Tuesday what it said was a “terrorist” working with Ukrainian and U.S. intelligence services…

TOON OF THE DAY

Early Start Towards 2027

Daily income earners worst hit as naira scarcity persist

Wage earners who rely on daily remuneration to fend for themselves are hard hit by the persistent naira scarcity in…

Coronavirus

NSSF to support more states to ramp up COVID-19 vaccination

The intervention by the Nigeria Solidarity Support Fund (NSSF), a private sector-led not-for-profit organisation is…

Lagos to open infectious disease institute as Covid-19 enters 6th wave

Covid-19 infection in Nigeria’s commercial capital, Lagos, is now in the 6th wave, and the state is set to open the…

Private Health Alliance, Sanofi team up to assess Covid-19 vaccine…

Concerned about the low uptake of COVID-19 vaccines in Nigeria despite the availability of supply, the Private…

First made-in-Africa Covid-19 vaccine debuts in South Africa

The first made-in-Africa Covid-19 vaccine has debuted in South Africa. Biovac Institute, a…

BD Weekender

Success in Business is a Game -A Review of Don Eugene Ogbebor’s Dice

Title: Dice: Playing to Win as An Entrepreneur Author: Don Eugene Ogbebor Publisher: WORITAL GLOBAL Year…

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More Stories

A ‘victory’ on trial: When the ‘popular’ vote is unpopular

Since the end of military juntas and the return to a democratic system of government in Nigeria about a quarter of…

Don’t be deceived, elections in Nigeria are shams

The Nigerian government and its corrupt and hollowed institutions have perfected the art of deception and…

World leaders, TEF alumni celebrate Tony Elumelu at 60

Leaders across the globe and some alumni of Tony Elumelu Foundation congratulated Tony Elumelu, the chairman of…

Businesses, households groan as diesel prices jump 168% in one year

The average retail price of Automotive Gas Oil, popularly known as diesel, paid by consumers increased by 168…

PoS operators reduce charges as naira scarcity eases

Transaction fees charged by Point of Sale (PoS) operators have reduced as naira scarcity has begun to gradually…
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