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Nigeria's leading finance and market intelligence news report.

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How to make money with your smartphone

Frank Eleanya
Smartphones are getting more sophisticated with in-built cameras that could rival most traditional cameras. Storage has also been getting a lot of attention. In the 2019-2020 period, nearly half of Huawei’s and Apple’s smartphone shipments came…

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Commentary

In Other News

Today's Epaper

Covid-19 Vaccine Tracker

Coronavirus Watch

NCDC, global scientists develop strategies to strengthen COVID-19 response…

Godsgift Onyedinefu

Africa to receive first of 400m J&J vaccines next week

Our reporter

COVID-19: Breach of measures fuels third wave amid poor communication

Temitayo Ayetoto

Awareness on new COVID-19 variant at risk as Twitter ban persists

Churchill Okoro

Nigeria’s imported Covid-19 cases jump 478% in a week

Temitayo Ayetoto

COVID-19: Africa records 43% increase in deaths – WHO

Godsgift Onyedinefu

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Food Security and National Insecurity: Pathways to averting an impending alimentary crisis
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Top Videos

BusinessDay Diary (Ep 3): A dive into the world of baking with Nike…

In this episode of BusinessDay Diary, Nike Majekodunmi, the CEO, 'Nuts About Cakes', talks about the baking…

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In this episode of BusinessDay Dairy, the CEO of Pundit Bookkeeping Services, spoke about the imprortance of…

BusinessDay Diary (Ep 1): An entrepreneur transforming the dry-cleaning…

With 31 years in dry-cleaning, half of which he has spent running his own company, Eni-Ibukun Adebayo, founder of…

Sponsored

The Fidelity Bank Virtual Card Will Transform Your Online Shopping…

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Fidelity Bank Plc is continuously proving to be a force to be reckoned with in the digital banking space and this…

Making new Kings of mastery

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Let’s be honest, we do not adore those African traditional movies anymore. The ones where coronation ceremonies are…

Descasio Leads the Digital Transformation Journey for SMEs and Startups…

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As part of Descasio’s strategic plan to close the gaping distance between the current position of many African…

Your opportunity to earn up to a 75% Scholarship for a UK Master’s degree 

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Unicaf, the leading online higher education provider, hosts a virtual open day where you can discover multiple UK…

Start-Up Journal

How Babalola built DJBTV into a global brand

Babalola Idowu Olumide has disclosed how he developed DJBTV, an indigenous media into a global one, renowned for…

Majekodunmi’s recipe for a successful baking business

Like many things, the baking industry has changed significantly over a number of years. For instance, when Nike…

How cashbox helps people cultivate healthy savings habit

Sydney Imuetinyan Aigbogun is the CEO of CashBox, an online saving platform helping thousands of users cultivate a…

Olumide Soyombo: from selling mail accounts to funding startups

It started in 1996, Yahoo was just incorporated and went on to become the most popular starting point for web users…

Companies

Dangote Cement’s profit hits record-high on increased sales

Mercy Ayodele
Dangote Cement, Nigeria’s largest company, posted record profit in the first half of the year as demand for the…

Seplat declares interim dividend of 2.5 cents, half year PBT up 142.7%

Iheanyi Nwachukwu
Seplat Energy Plc has pronounced an interim dividend at a rate of US2.5 cents (United States Two and Half Cents)…

Fidelity Bank doles out N39mn to 15 lucky customers

Iheanyi Nwachukwu
In yet another show of its commitment to reward loyal customers for maintaining a savings habit, leading financial…

Sabiman Initiative: A big move to cut unemployment

Daniel Obi
Nigeria’s population growth without corresponding economic growth is a concern. At 33.3 %, unemployment is equally…

Interview

VOME AGHOGHOVBIA-GAFAAR, keen on shaping Africa’s future through energy…

Kemi Ajumobi
Vome Aghoghovbia-Gafaar is an award-winning chemical engineer, energy consultant and the founder of Ignite Energy…

Sickle cell, gender selection can be addressed with technology –…

Obinna Nwachukwu
The prevalence of sickle cell anaemia is high in Nigeria and Sub-Saharan Africa, but access to necessary genetic…

‘Legislation can make healthcare affordable for everyone’

Hope Moses-Ashike
OBINNA UKACHUKWU, divisional head, Health and Education sectors with Sterling Bank Plc, in this interview with HOPE…

Youth Day of Service 2021: ‘We are targeting 1,000 projects, 100,000…

Lolade Akinmurele
Initiated by one of Nigeria’s foremost non-profit organisations, LEAP Africa, the Youth Day of Service (YDoS) is an…

Economy

Low base effect seen lifting Nigeria to 7.9% growth in Q2

Okafor Endurance
The second-quarter gross domestic product (GDP) figures for Nigeria are expected to show as much as a 7.9 percent…

Nigeria’s economic growth far from reducing poverty

Bailey Oluwabunmi
Nigeria's GDP per capita income or what economists interpret as economic growth per head is projected to rise in…

Soaring price of cooking gas drains consumers’ pockets

Churchill Okoro
Liquefied Petroleum Gas (LPG), otherwise called cooking gas, is a necessity for every Nigerian due to its…

Nigeria’s recovery from pandemic is on but there’s one problem

Mercy Ayodele
Nigeria's near-term economic growth is made more uncertain by high inflation which is affecting business sentiments…

Women in Business

Suzanne Iroche, Independent Non-Executive Director at Coronation Merchant…

Kemi Ajumobi
Recently in Nigeria, we have been celebrating women being elevated to top positions. By top positions, I mean…

Abimbola Onakomaiya, MD/CEO of PeakThrust Insurance Brokers Limited

Kemi Ajumobi
Abimbola Onakomaiya is the MD/CEO of PeakThrust Insurance Brokers Limited, an insurance broking company…

Ukinebo Dare, MD of the Edo State Skills Development Agency

Kemi Ajumobi
Ukinebo oversees the Edojobs initiative and the Edo State Skills Development Agency. Coordinating efforts and…

Chioma Afe, Group Head, Retail Marketing & Analytics at Access Bank…

Kemi Ajumobi
Chioma is a motivated, proactive, strategic thinker, leader and digitally driven brand advocate. A successful…

Energy

Nigeria’s biggest indigenous oil firm to pay shareholders $14.7m dividend…

Oladehinde Oladipo
Seplat Petroleum Development Company Plc, Nigeria’s largest listed Oil & Gas firm by market value, will pay a…

Shareholders mount pressure on Big Oil firms to cut upstream emission

Oladehinde Oladipo
There is growing pressure from shareholders in some of the world’s biggest oil-producing companies to reduce…

PowerGen secures financing from CrossBoundary Energy Access, others, to…

Isaac Anyaogu
PowerGen, a developer in Africa of on-grid and off-grid distributed energy, has secured long term project financing…

How Solar Power is Reducing Maternal Mortality Rates in Zimbabwe

Isaac Anyaogu
A renewable energy innovation has improved obstetric care to last-mile communities across Zimbabwe, successfully…

Magazines

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Politics

Lagos APC congress: Lagos4Lagos kicks against consensus arrangement

Iwok Iniobong
Lagos4lagos, a pro-All Progressives Congress (APC) group in Lagos State, has kicked against the consensus…

Appeal Court sacks Odey as Cross River North Senator

Mike Abang
The Court of Appeal sitting in Calabar Friday nullified the election of senator Stephen Odey as senator…

APC dismisses impending danger of Ondo guber Supreme Court judgement on…

James Kwen
The All Progressives Congress (APC) has dismissed insinuations that the Supreme Court judgement that upheld the…

APC governors to roll out job creation, economic stimulation, poverty…

James Kwen
Governors elected on the platform of the ruling All Progressives Congress (APC) have reaffirmed their commitment…

Markets

Naira strengthens further to N517 as dollar demand slows

Hope Moses-Ashike
Nigeria’s currency on Friday strengthened further by 0.57 percent to N517 per dollar compared with N520/$ it closed…

UACN grows half-year pre-tax profit by 25.3%

Iheanyi Nwachukwu
UAC of Nigeria Plc has announced its unaudited results for the half year (H1) ended 30 June 2021. The…

Seplat kicks off Capital Markets Day with NGX Closing Gong ceremony

Iheanyi Nwachukwu
Nigerian Exchange (NGX) Limited hosted Seplat Energy Plc to a digital Closing Gong Ceremony to commemorate the…

Naira pares losses in parallel market as bank CEOs expect more gains

Lolade Akinmurele
The naira appreciated to N520 to a dollar on the parallel market on Thursday after hitting a four-year low of N525…

Technology

How to make money with your smartphone

Frank Eleanya
Smartphones are getting more sophisticated with in-built cameras that could rival most traditional cameras. Storage…

Here’s why Bitcoin is above $40,000, first time since June

Frank Eleanya
The price of bitcoin went above $40,000 for the first time since June when a China-led bearish sentiment pushed…

Inside MTN’s current remote work strategy for 80% employees

Frank Eleanya
The COVID-19 pandemic took many industries in Africa by surprise, but for players like MTN, it was like walking…

Sophos to expand cyber threat detection with acquisition of Braintrace

Frank Eleanya
Sophos, backed by private equity firm Thoma Bravo said it has acquired Braintrace, a cybersecurity startup to…

Toon of the Day

Podcast

Life and Culture

All you need to know about the BBNaija Shine Ya Eye House

Anthony Nlebem
Big Brother Naija (BBNaija), the popular and biggest reality TV show in Africa is officially in its sixth season…

Glo Expands its 22X Recharge value to All Prepaid Customers

BusinessDay
Nigeria’s innovative telecommunications service provider, Globacom, has announced the extension of its…

The business hurdles women encounter

Kemi Ajumobi & Ada Njemanze
Saira Syed loves to write short reads on meaningful thoughts staggering through her legal journey. For her,…

What is Aura by Transcorp and how can money be made from it?

Caleb Ojewale
It is not unusual to get invited to a social function out of town, say a wedding ceremony, get there and have no…

Top Stories

Naira strengthens further to N517 as dollar demand slows

Hope Moses-Ashike
Nigeria’s currency on Friday strengthened further by 0.57 percent to N517 per dollar compared with N520/$ it closed…

Nigeria’s economic growth far from reducing poverty

How to make money with your smartphone

Nigeria’s recovery from pandemic is on but there’s one…

Recent

Dangote Cement’s profit hits record-high on increased sales

Low base effect seen lifting Nigeria to 7.9% growth in Q2

Naira pares losses in parallel market as bank CEOs expect more gains

Curious case of agric crowdfunding going comatose, after regulation

Nigerian police chief indicted in U.S. over ‘Hushpuppi’…

Commentary

“Haramball” as a metaphor for Africa’s…

David Hundeyin

Debt and civilisation (2)

Obadiah Mailafia

The case for leadership agility

Toye Sobande

Survival strategies for Nigeria’s manufacturers battling COVID-19…

Ignatius Chukwu

Self-audit principle and document retention standards

Harold Nwariaku

Nigeria’s infrastructural deficit: A clarion call for private sector…

MANNY ITA

Today's Epaper

In Other News

Goodluck Jonathan congratulates Emiko, Olu designate of Warri Kingdom

Amaka Anagor
Goodluck Ebele Jonathan, former president of Nigeria, has sent a congratulatory message to Tsola Emiko, the Olu…

Dame Okowa commissions sickle cell clinic in Warri

Ogun deepens ease of doing business with automation of building…

Quick implementation of plant variety protection act seen boosting FDI

How Nigeria exports wealth, jobs through its raw materials

Chika Otuchikere
The minister of Labour and Employment Chris Ngige has called for a reversal of the trend of exporting raw materials…

NIS tells FAAN to strengthen Visa on section at Lagos airport

Okowa concludes reconstitution of cabinet as he swears in 11 more…

Supreme Court verdict: Abiodun congratulates Akeredolu on victory

Explainer: The $5.7bn money changers market in Nigeria

Iheanyi Nwachukwu
What is Bureau De Change (BDC)? A Bureau De Change (plural Bureaux De Change) or currency exchange - is a…

13 million Nigerians are at risk of acute food insecurity

Here is how fixed income, currencies markets performed in June

Buhari’s attendance at GPE Summit and Nigeria’s educational…

Investors lose N24bn as Nigeria’s stock market closes in red

Iheanyi Nwachukwu
Nigeria’s stock market closed southwards on Tuesday July 27 as investors expectedly moved to take profit after…

MTN Foundation invites applications for scholarships

2023 elections: PDP-GF urges NASS to entrench electronic transmission…

Stock market gains N94bn as investors buy Oando, Ardova, others

Coronavirus

NCDC, global scientists develop strategies to strengthen COVID-19 response…

The Nigeria Centre for Disease Control (NCDC) hosted  scientists  and experts who work at global, regional and…

COVID-19: Nigeria records 535 new cases, highest since detection of Delta…

Nigeria on Wednesday recorded 535 new cases of COVID-19 across 18 states, the highest number of infections since…

Africa to receive first of 400m J&J vaccines next week

Africa, battling a severe third wave of Covid-19 infections, will receive the first batch of 400-million doses of…

COVID-19: Breach of measures fuels third wave amid poor communication

The breach of essential preventive measures for COVID-19 has contributed to the rise of a third wave in Nigeria,…

COVID-19 VACCINE TRACKER

Top Videos

BusinessDay Diary (Ep 3): A dive into the world of baking with Nike Majekodunmi

Desmond Okon
In this episode of BusinessDay Diary, Nike Majekodunmi, the CEO, 'Nuts About Cakes', talks about the baking…

BusinessDay Diary (EP 2): With the CEO OF Pundit Bookkeeping Services,…

BusinessDay Diary (Ep 1): An entrepreneur transforming the…

Jiji and Cars45 merge to go bigger and Autochek is taking its services…

Premium

Naira strengthens further to N517 as dollar demand slows

Hope Moses-Ashike
Nigeria’s currency on Friday strengthened further by 0.57 percent to N517 per dollar compared with N520/$ it closed…

Nigeria’s economic growth far from reducing poverty

How to make money with your smartphone

Nigeria’s recovery from pandemic is on but there’s one…

Insecurity to keep food prices surging

Business Of Health In Lagos

Today's Newspaper
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Sponsored

The Fidelity Bank Virtual Card Will Transform Your Online Shopping experience

Sponsored Post
Fidelity Bank Plc is continuously proving to be a force to be reckoned with in the digital banking space and this…

Making new Kings of mastery

Descasio Leads the Digital Transformation Journey for SMEs and…

Your opportunity to earn up to a 75% Scholarship for a UK Master’s…

Top 3 Investments in 2021

Africa

Africa to receive first of 400m J&J vaccines next week

Our reporter
Africa, battling a severe third wave of Covid-19 infections, will receive the first batch of 400-million doses of…

COVID-19 Delta variant raises new risks for African countries

Africa needs to accelerate renewable energy growth – Huawei

Jacob Zuma: South Africa’s former president hands himself over to…

Start-Up Journal

How Babalola built DJBTV into a global brand

Ifeoma Okeke
Babalola Idowu Olumide has disclosed how he developed DJBTV, an indigenous media into a global one, renowned for…

Majekodunmi’s recipe for a successful baking business

How cashbox helps people cultivate healthy savings habit

Olumide Soyombo: from selling mail accounts to funding startups

Opinion

Survival strategies for Nigeria’s manufacturers battling COVID-19 effects

Ignatius Chukwu
When manufacturers in the south-south found their businesses in ruins with high rate of extinction in the heat of…

Self-audit principle and document retention standards

Nigeria’s infrastructural deficit: A clarion call for private sector…

Do it afraid: Omilola Oshikoya discusses fear, discipline, success at…

Businessday Investigates

Poor hearts in barrels of harmful oils

Temitayo Ayetoto
As unbridled access to unhealthy fats consumption increasingly hurts the human heart, thousands of Nigerians die…

Podcast

Women In Business

Suzanne Iroche, Independent Non-Executive Director at Coronation Merchant Bank Ltd

Kemi Ajumobi
Recently in Nigeria, we have been celebrating women being elevated to top positions. By top positions, I mean…

Abimbola Onakomaiya, MD/CEO of PeakThrust Insurance Brokers Limited

Ukinebo Dare, MD of the Edo State Skills Development Agency

Chioma Afe, Group Head, Retail Marketing & Analytics at Access…

Companies & Market

Naira strengthens further to N517 as dollar demand slows

Hope Moses-Ashike
Nigeria’s currency on Friday strengthened further by 0.57 percent to N517 per dollar compared with N520/$ it closed…

Dangote Cement’s profit hits record-high on increased sales

Seplat declares interim dividend of 2.5 cents, half year PBT up 142.7%

UACN grows half-year pre-tax profit by 25.3%

Magazines

Interview

VOME AGHOGHOVBIA-GAFAAR, keen on shaping Africa’s future through energy technology

Kemi Ajumobi
Vome Aghoghovbia-Gafaar is an award-winning chemical engineer, energy consultant and the founder of Ignite Energy…

Sickle cell, gender selection can be addressed with technology –…

‘Legislation can make healthcare affordable for everyone’

Youth Day of Service 2021: ‘We are targeting 1,000 projects, 100,000…

Economy & Politics

Lagos APC congress: Lagos4Lagos kicks against consensus arrangement

Iwok Iniobong
Lagos4lagos, a pro-All Progressives Congress (APC) group in Lagos State, has kicked against the consensus…

Low base effect seen lifting Nigeria to 7.9% growth in Q2

Nigeria’s economic growth far from reducing poverty

Soaring price of cooking gas drains consumers’ pockets

Energy & Technology

How to make money with your smartphone

Frank Eleanya
Smartphones are getting more sophisticated with in-built cameras that could rival most traditional cameras. Storage…

Nigeria’s biggest indigenous oil firm to pay shareholders $14.7m…

Here’s why Bitcoin is above $40,000, first time since June

Shareholders mount pressure on Big Oil firms to cut upstream emission

Life and culture

All you need to know about the BBNaija Shine Ya Eye House

Anthony Nlebem
Big Brother Naija (BBNaija), the popular and biggest reality TV show in Africa is officially in its sixth season…

Glo Expands its 22X Recharge value to All Prepaid Customers

The business hurdles women encounter

What is Aura by Transcorp and how can money be made from it?

More Stories

Dame Okowa commissions sickle cell clinic in Warri

Francis Sadhere
Wife of the Delta State Governor and Founder, O5 Initiative, Dame Edith Okowa, on Friday through her initiative,…

Naira strengthens further to N517 as dollar demand slows

Hope Moses-Ashike
Nigeria’s currency on Friday strengthened further by 0.57 percent to N517 per dollar compared with N520/$ it closed…

Dangote Cement’s profit hits record-high on increased sales

Mercy Ayodele
Dangote Cement, Nigeria’s largest company, posted record profit in the first half of the year as demand for the…

Lagos APC congress: Lagos4Lagos kicks against consensus arrangement

Iwok Iniobong
Lagos4lagos, a pro-All Progressives Congress (APC) group in Lagos State, has kicked against the consensus…

Sanwo-Olu urges investors to tap agric opportunities

Josephine Okojie
Babajide Sanwo-Olu, Governor of Lagos state has urged investors in the private sector to tap opportunities in the…

NSIA to invest $200m in world-class hospital, 20 others, across Nigeria- Orji

Anthony Ailemen
The Nigerian Sovereign Investments Authority, NSIA, said it has concluded plans to build a world-class hospital in…