BusinessDay
Nigeria's leading finance and market intelligence news report.

LEAD STORIES

Today's E-paper

#EndSars

ENDSARS: IGP orders AIGs, CPs, others to tackle widespread violence,…

The Inspector-General of Police, (IGP) Mohammed Adamu, has ordered the immediate mobilization of all police…

Lekki Shooting: I went nowhere, I am still the Jagaban of Lagos, Tinubu

Bola Asiwaju Tinunbu, a former governor of Lagos has said he didn't leave the shores of Lagos, as opposed to…

Media Rights Agenda condemns attack on journalists, media houses

Media Rights Agenda (MRA) has condemned recent attacks against journalists and media houses in some parts of the…

Sigh of relief as Computer Village traders cheer police, army for warding…

Residents and business owners in the popular computer village, located in Ikeja, Lagos are now able to heave a sigh…

Top Videos

OUR LIVES MATTER – ISHA SESAY

It’s clear that #Nigeria’s SARS unit has openly operated with impunity for yrs. 'Should the killings be a response…

Investment Opportunities in the Nigeria Stock Market

In this episode of the Ultimate Money Show, Lolade Akinmurele talks about the investment opportunities in the stock…

Nigeria’s food reserves are almost empty

AT the beginning of 2020, Nigeria had about 100,000 metric tonnes (MT) of different grains in the strategic food…

Become a Millionaire with Gold ETF in Nigeria

In the first episode of the Ultimate Money Show, Business Day’s Lolade Akinmurele talks about the investment…

Businessday Investigates

Ticketing corruption by railway staff, soldiers, policemen derailing Abuja-Kaduna rail project (2)

‘Army general buys 30 tickets’ I step out of the train knowing, without…

Short Takes

Six things we learnt from IMF’s latest fiscal monitor

The fiscal monitor of the International Monetary Fund (IMF) is prepared to…

5 things we learnt from NNPC’s audited 2019 financial accounts

The Nigerian National Petroleum Corporation (NNPC) has released its audited…

Three things tech companies eyeing Nigeria Stock Exchange should consider

Private equity and venture capital may be the biggest sources of investment in…

COVID-19: FG recalls Civil Servants from Grade levels 1 to 12

Federal government on Thursday removed the limitation on civil servants allowed to come to work, as the government…

Relief for Nigeria, others as World Bank approves $12 billion for COVID-19…

The clamour for equitable distribution of treatment of COVID-19 appears to have gained substantial backing with the…

COVID-19: PTF says only 600 000 Nigerians tested,warns against laxity

The Presidential Task Force on Coronavirus, PTF COVID-19 on Monday said only about 600 000 persons have been so far…

FG warns on possibility of second wave of COVID-19 in Nigeria

The Federal government has warned Nigerians against non- challant attitude to the COVID-19 protocols, as fresh wave…

AFRICA

#EndSARS: Ghana President says Buhari working on police reforms, urges calm

The president of the Republic of Ghana, Nana Akufo-Addo said on Wednesday that he has spoken to President Muhammadu…

#EndSARS: UK parliamentarians take up Lekki Killings

Members of Parliament of the United Kingdom have taken up the sporadic Lekki toll gate shooting that led to the…

Stop the killing of #EndSARS protesters Hillary Clinton tells Buhari,…

The wife of a former United States of America President, Hillary Clinton, has called on President Muhammadu Buhari…

Buhari to Okonjo-Iweala: We’ll deploy everything to make you…

President Muhammadu Buhari on Monday in Abuja assured Nigeria’s former Minister of Finance and Economy, Ngozi…

COLUMNISTS

PREMIUM

Start-Up Journal

How event professionals can survive now and in future

This may not be the best of times for everyone in the country, judging by the effect of Covid-19 pandemic on the…

How Kusin Ekanem struck gold in skincare business

Kusin Ekanem, an Akwa Ibom State-born entrepreneur, found gold three years ago in natural products. She built a…

Bisi Sotunde gets recognition for leadership, nation-building

Olabisi Sotunde, managing director, BusyBee Group, was among distinguished Nigerians who were honoured recently for…

GEEP & COVID-19: Relief loans uplift lives, revive businesses

The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, in April 2020, activated…

Sponsored

Legacy Global Summit 2020

The Legacy Global summit is a virtual conference and an inter-generational bridge builder for emerging…

Everything you need to know about Cryptocurrency

You definitely must have been hearing about cryptocurrency lately. But I guess you do not know all it entails. If I…

Lekki gardens upgrdes, beautify estates to delight clients

Lekki Gardens, Nigeria’s Premier Pan African Property Investment Company is upgrading and beautifying some of her…

Philips consulting’s ultimate guide to architecting a boundary- less…

Many years ago, the firewall was everything. Defence-in depth was a concept defined as layered defence with…

Wealth And Investing

Government commends X3M Ideas on community engagements, urges organisations to emulate…

As it has become an annual ritual for the echelon of the Lagos State government, especially the ministry of education to converge every August at the behest of Lagos agency, X3M Ideas to commission…

Cartoon and Graphics

Women in Business

Women in Business: Bolanle Austen-Peters

Bolanle attended the University of Lagos for her undergraduate studies and earned a master’s degree in…

Women in Business: Oluwande Muoyo

Oluwande Muoyo was appointed to the Board of First Bank of Nigeria Limited in 2020. She brings to the Board well…

RINU ODUALA, A leading advocate in Nigeria’s need for overdue change and…

RINU ODUALA, the convener of Operation Sanitise and a leading advocate for #ENDSARS, #ENDSWAT and…

Yewande Zaccheaus- CEO, Eventful Limited

Yewande is the CEO of Eventful Ltd, a leading events planning and consulting company in Nigeria. She studied Law at…

Interview

How cost reflective tariff will be a win-win for all Nigerians, by Aiyela

Afolabi Aieyela, the managing director/chief executive officer of Welbeck Electricity Distribution Limited, in this…

Our focus is to make Nigeria’s digital ecosystem support wealth creation…

Kashifu Inuwa Abdullahi, a technology expert and the Director General of the National Information Technology…

‘To change the narrative of paper packaging industry requires innovation,…

The corporate paper packaging industry across Africa is taking a new growth dimension backed by technology and…

Companies

Lagos Continental Hotel rises again

On October 15, 2020, discerning guests and hospitality industry stakeholders witnessed the reopening of Lagos…

Paystack’s $200m acquisition by Stripe sets stage for more exits in tech…

The news US-based global payment company Stripe on Thursday acquired Nigerian payment company Paystack in a deal…

Hervest launches to boosts financial inclusion for women

Hervest, a women-focused financial technology company has launched in Nigeria as the country’s first Fintech…

Economy

Businesses reopening taking stock of losses as relative calm returns to…

After about four days of unrest and restiveness caused by hoodlums, economic activities in Nigeria's commercial…

Reasons emerging economies should prioritise SMEs growth, development

Poverty and economic inequality are the greatest challenges of the 21st Century and the surest route to dealing…

How #EndSARS crisis may impact Nigerian financial markets, economy

A slide in investments into the country, government revenue, and consumer confidence are some of the negative…

Energy

How cost reflective tariff will be a win-win for all Nigerians, by Aiyela

Afolabi Aieyela, the managing director/chief executive officer of Welbeck Electricity Distribution Limited, in this…

OPEC+ production cut might be extended as Nigeria struggle to meet quota

There is every indication that the OPEC+ production cut target might be extended a little far into the coming year…

EndSARS: Nigerians may soon experience network failure

The Telecommunication network systems across the country may soon begin to experience some challenges on account of…

Politics

Analysts demand true federalism, gender equality, e-voting as NASS set for…

As the 9th National Assembly is set to embark on another constitutional review, analysts have demanded for more…

#EndSARS: CUPP condemns extra judicial killings

The National Secretary of United Political Parties (CUPP) and immediate past President of the Inter Party Advisory…

EndSARS: PDP suspends political, electioneering activities

A day after directing its flag to be flown at half mast, the Peoples Democratic Party (PDP) has decided to put all…

Attacks on protesters is a declaration of war against Yoruba -YWC

The Yoruba World Congress (YWC) has condemned Tuesday's attacks on protesters at the Lekki tollgate, saying that it…

Markets

Naira stable as N826.55bn treasury bills, OMO maturities hit financial…

Nigeria's financial market would be awash with liquidity from the maturing treasury bills and Open Market Operation…

Naira remains stable across FX markets

Nigeria's currency remained stable across foreign exchange (FX) segment on Friday as the market remained calm…

Fixed Income, Currency markets turnover decreased to N14.07trn in September

Turnover in the Fixed Income and Currency (FIC) markets for the month ended September 30, 2020 was N14.07trillion,…

NSE ASI rose by 0.13% in week marred by protests

The benchmark performance indicator of Nigeria's stock market increased by 0.13percent in the trading week ended…

Technology

Nigeria targets 50% broadband penetration by 2021

The Minister of Communication and Digital Economy, Isa Ali Pantami has said the government can grow the broadband…

Bitcoin investors await big price moves as active users participation rise

The number of active users in the bitcoin network has surged to levels last seen since December 2017, according to…

Nigeria to increase digital identity database, as NIMC pledges 2.5 million…

Aiming to join other nations in achieving the United Nation’s Sustainable Development Goal (SDG) 16.9 to provide…

Three investment risk lessons from Thrive Agric’s revenue struggles

The unraveling of revenue challenges and the consequent inability to meet up with contractual dividends commitment…

Life and Culture

Reflecting on swift growth of Ake Arts and Book Festival

Many personalities and institutions are showing strength amid Covid-19 disruptions and the Ake Arts and Book…

Poets Factory concludes poem competition virtually

Part of the things Covid-19 pandemic left us with is that we could hold events, learn, as well as do so much…

Burna Boy, Rema, others bag 2020 MTV EMA nominations

MTV has announced nominations for the “2020 MTV EMAs, and Nigerian singers Burna Boy and Rema have been nominated…

Nigerian Jay Traks wins international grant on fashion designing

Founder and creative director at Jay Traks, Trakiriowei Jacintha has won the keenly contested $5,000 growth grant…

Market Intelligence

Gtbank is the most successful lender in Nigeria

Adesoji Solanke Director for Frontier and subSaharan African banks at Renaissance Capital in a recent note to…

Analysts maintain Buy Ratings on Dangote Cement

A slew of analysts have retained and maintained their Buy recommendation on the shares of Dangote Cement, thanks to…

AXA Mansard overtakes AIICO Insurance to become most profitable listed firm

Axa Mansard has overtaken AIICO Insurance to become the most profitable listed insurers in Africa’s largest economy…

PZ Cussons Nigeria receives more money from operation to support business

PZ Cussons Nigeria Plc is efficient in turning raw materials and labour into income as the company receives more…

Backpage

Private equity-owned companies in “intensive care” due to pandemic

One in 10 companies owned by private equity managers is in “intensive care” as a result of the coronavirus…

5 things FG must do to build resilient, industrial economy

It is indisputable that some of the issues affecting Nigeria’s industrial success in 1980s and 1990s are still the…

A house divided: Covid-19 and an atmosphere of distrust pose grave risks to…

IN HIS FINAL debate with Hillary Clinton in 2016, Donald Trump refused to commit himself to accepting the results…

The New Normal – Lessons from a Crisis

It has been more than six months since the unprecedented global crisis precipitated by COVID-19 broke, impacting…

Recent

Top Videos

OUR LIVES MATTER – ISHA SESAY

It’s clear that #Nigeria’s SARS unit has openly operated with impunity for yrs. 'Should the killings be a response…

Today's E-paper

Columnists

Businessday Investigates

Ticketing corruption by railway staff, soldiers, policemen derailing Abuja-Kaduna rail project (2)

‘Army general buys 30 tickets’ I step out of the train knowing, without being told, that…

Premium

Opinion

Lekki massacre and God’s anger

“Woe unto them that call evil good, and good evil, that put darkness for light, and light for darkness; that put…

Podcast

Women In Business

Women in Business: Bolanle Austen-Peters

Bolanle attended the University of Lagos for her undergraduate studies and earned a master’s degree in…

Magazines

More Stories

Analysts demand true federalism, gender equality, e-voting as NASS set for another constitutional review

As the 9th National Assembly is set to embark on another constitutional review, analysts have demanded for more…

#EndSARS protests and season of curfews in states

These, indeed, are troublesome times in Nigeria, especially in Lagos, the country’s commercial nerve centre which…

ENDSARS: IGP orders AIGs, CPs, others to tackle widespread violence, looting

The Inspector-General of Police, (IGP) Mohammed Adamu, has ordered the immediate mobilization of all police…

Six things we learnt from IMF’s latest fiscal monitor

The fiscal monitor of the International Monetary Fund (IMF) is prepared to analyse the latest public finance…

#EndSARS: Access Bank to issue guidelines for N50bn interest-free loan, grant for MSMEs, youth

Access Bank Plc will on Monday next week issue a guideline for accessing the N50 billion interest-free free loan…

FCT Covid-19 palliatives are safe, secured – Minister

Despite attempted break-in into the Cyprian Ekwensi Centre for Arts Culture, Abuja, Ramatu Aliyu, the Minister of…