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Isolated lockdown: Hard option for FG

The Presidential Task Force (PTF) on Covid-19 was at the Presidential Villa Abuja on Monday to brief President Muhammadu Buhari on the efforts and progress made so far with the fight against the deadly virus that has changed fundamentally the way the…

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Businessday Investigates

How gas firms, Imo government exploit oil-producing communities

The people of oil-rich Ohaji, Egbema and Oguta local councils in Imo State, Southeast Nigeria, are…

Short Takes

Here’s what happens in office space market as companies embrace new normal

The ‘new normal’ of working remotely, mainly from home, triggered by social…

Here are 5 catalysts needed to make Africa a global competitive economy 

The challenges constraining Africa’s economy from competing with its global…

Is Nigeria’s $2.8 billion AKK pipeline project economically viable or bridge to nowhere?

Successive Nigerian governments have talked about better utilising the country’s…

Lagos’ discharged COVID-19 cases now 1,740 as 45 patients reunite society

Forty-five new COVID-19 patients were on Sunday discharged from isolation facilities in Lagos, bringing to 1,740 …

Ghanaian president goes into isolation after meeting COVID-19 patient

President of Ghana, Nana Akufo-Addo, has gone into isolation for two weeks after someone close to him tested…

2,430 COVID-19 patients in Lagos avoiding admission in isolation centres –…

The Lagos State commissioner for health, Akin Abayomi, says 2,430 patients who tested positive for COVID-19 in the…

COVID-19: Reopening schools now is premature – ANAP

The ANAP Foundation COVID-19 Think Tank (the ANAP Think Tank) has viewed with great concern the proposal to re-open…

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Start-Up Journal

The African SME: Investing in women

The African SME story, powered by Support4AfricaSMEs and Business Day, shares stories of African SMEs thriving…

Oma Living Show: Celebrating unsung heroes and bringing them to limelight

Oma Marilyn is a driving force across various sectors of African media, holding key roles as a Radio and TV…

‘SMEs must adapt their business models to workable models to survive’

Kemi Ogunkoya is the Founder of Rellies Works, a leadership consultancy firm that equips business leaders with the…

Rosemary Owolabi: Building successful interior design brand

Building a successful interior design brand can be very tough in Nigeria. But this is not the case for Rosemary…

Sponsored

How to achieve your financial goals without stress

Imagine that in 3 years time, you might be turning this side hustle into a big business or getting set to buy a…

Honoris United Universities Welcomes Nile University of Nigeria to its…

Abuja, 2nd July 2020 – Honoris United Universities, Africa’s first and largest pan-African network of private…

Could cloud contact centres ease the traditional pains Nigerian companies…

Although Nigeria is an emerging market in many aspects and industries, customers in this region like those across…

Custodian Investment: Exceeding Expectations for 25 years

Every journey starts with a step and ours is not any different with the history of our success beginning in 1991…

OIL PRICE CRASHES, ECONOMY IN TURMOIL

Good news for Nigeria as Citigroup expects bullish crude price at $60 in…

The price of crude oil is expected to become bullish and climb to $60 per barrel in the next 12 months as demand is…

South Korea’s oil refining success shows how Nigeria squandered golden…

Two weeks after the release of the 2017 and 2018 audited accounts of the PortHarcourt, Warri and Kaduna refineries,…

Oil inches above $41 for first time since March in respite for Nigeria’s…

Brent crude is trading above $41 per barrel on Friday with hopes that OPEC would extend its oil production curb…

Explainer: What wave of bankruptcies in US shale industry means for…

There is light at the end of the tunnel for Nigeria and OPEC+ countries as the biggest independent shale oil groups…

Women in Business

Women in Business: Odunayo Sanya

Odunayo is a versatile professional with 20+ years of postgraduate work experience in the education, financial…

Women in Business: Abimbola Alale

Abimbola H. Alale (Ph.D) is the current Managing Director and Chief Executive Officer of the Nigerian Communication…

Meet Aderinola Mary Ojulari, the boss lady at Mercedes-Benz Nigeria  

Aderinola Mary Ojulari is the Deputy Managing Director/ Chief Finance Officer at Weststar Associates Limited…

Abimbola Fashola, deliberate about teaching morals, upholding the value of…

Dame Abimbola Emmanuella Fashola was born into the Ojo Ibadan family of Ibadan, Oyo State. She is a Secretary…

Interview

Aig-Imoukhuede on the business of saving lives

He speaks with the management of GBCHealth, a New York based leading private sector coalition on health on ongoing…

New BBC, MTN partnership aims to tackle fake news, reduce data usage

After successfully launching the BBC News Minute Bulletin, an initiative aimed at delivering verified news in…

Lessons from Baef, the EcoSpot farmer

Introduction: Further to our determined quest to meet with young Nigerians, who are actively engaged in modern…

Companies

Stanbic IBTC, EFG Hermes lead as transactions rise by 21% in H1 2020

In spite of the Covid 19 pandemic, stakeholders at the nation’s capital market executed N1.01 trillion worth of…

Julius Berger, Lafarge, MTN boost indices as NSE conducts half year reviews

THE Nigerian Stock Exchange (NSE) has come up with the half year reviews of sectoral indexes and some indices have…

PwC Nigeria admits 8 new partners

PwC Nigeria announced it has admitted eight professionals into its partnership, effective 1 July, 2020. This is a…

Economy

NSIA grows total assets to N649.84bn in 2019

The Nigeria Sovereign Investment Authority recorded a five percent growth in Total Assets from N617.7bn in 2018 to…

Business-friendly environment will help Nigeria attract investments –…

Nigeria must improve its business environment and remove barriers to trade to attract local and foreign direct…

Akwa Ibom grants tax holiday but uncertainty remains over implementation

Akwa Ibom State government has announced plans to grant a waiver to taxpayers as part of efforts to cushion the…

Energy

Market constraints, estimated billing, debts top DisCos’ concerns about new…

Implementing a cap on estimated billing when about 60 percent of customers have no meters and ordering a tariff…

NNPC announces top-management level appointments, redeployments

The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National…

N240bn debt: Pan Ocean condemns AMCON’s ‘illegal takeover’ of assets

Indigenous oil firm Pan Ocean Oil (Nigeria) Limited has expressed dismay over what it termed the "illegal…

Politics

Dangote did not endorse any candidate for Edo guber, says Chiejina

Group chief corporate communications officer of the Dangote Group, Anthony Chiejina, has refuted an allegation that…

PDP constitutes screening appeal panel for Ondo guber

The National Working Committee (NWC) of the People's Democratic Party (PDP) has approved the nomination of party…

Rivers APC: Group raises alarm over plots to compromise court judgment

A group of concerned citizens of Rivers State has raised the alarm over alleged plot to compromise the court…

Markets

Stanbic IBTC, EFG Hermes lead as transactions rise by 21% in H1 2020

In spite of the Covid 19 pandemic, stakeholders at the nation’s capital market executed N1.01 trillion worth of…

Julius Berger, Lafarge, MTN boost indices as NSE conducts half year reviews

THE Nigerian Stock Exchange (NSE) has come up with the half year reviews of sectoral indexes and some indices have…

FX turnover declines by 48.73% as Naira maintains stability 

The foreign exchange daily turnover declined by 48.73 percent to $105.05 million on Friday from $204.90 million…

Technology

After a spectacular previous year, COVID-19 casts spell on Carbon’s 2020…

For Carbon, a Nigerian-based digital banking firm, the year 2019 was a spectacular year in terms of revenue and…

Nigeria Telecoms  subscribers soar over 189mn in Q1 2020

Telecoms active subscribers on voice  increased to 189,282,796 in Q1 2020, representing a 2.48 percent increase…

The good and not so great of CBN’s Regulatory Sandbox

The Central Bank of Nigeria would be ushering in a new era of regulation in the fintech space as soon as its…

Nigeria’s internet users surge 14% in year to May 2020

The number of internet users in Nigeria increased by 14 percent year-on-year in May 2020, according to the data…

Life and Culture

‘A Thousand Miles’ goes on set soon as promoters announce completion of…

Promoters of ‘A Thousand Miles’, the soulful story of a naïve young girl and a group of desperate Africans bound…

Post COVID-19 Repositioning: Ooni of Ife endorses the €1 billion Open line…

On Friday 3rd July 2020 an inauguration meeting was held between Black Swan Innovations AS (BSI-AS) and the key…

Radisson Hotel Group announces new appointments to drive renewed expansion…

Radisson Hotel Group is pleased to announce the appointment of Ramsay Rankoussi as the new head of development for…

How Dubai as a destination is beefing up efforts in fight against COVID-19

Coronavirus disease 2019 (COVID-19) caused by Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2) proven…

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Market Intelligence

Nigerian refineries face impending solvency over debt

Nigeria’s largest refineries face impending insolvency over debt, as they continue to generously pay workers for…

Dangote Cement Plc: Resilient Q1 2020 results amid early impacts of…

While manufacturers have seen earnings go up in flames due to the devastating impact of coronavirus pandemic…

These sectors may shoulder Nigeria during economic recession

The impact of lockdown on economic activities in the three states of Ogun, Lagos, and FCT, that cumulatively…

Quiet trading seen this week on tightened liquidity

The financial market is expected to witness quiet trading sessions this week due to a tightened system liquidity,…

Financial Times

The lockdown death of a 20-year-old day trader

Alex Kearns was an ordinary 20-year-old. He played the trombone, studied at the University of Nebraska and, like…

Ukraine scraps bond sale after central bank governor quits

Ukraine has cancelled a bond sale hours after the country’s central bank chief Yakiv Smolii announced his…

Delistings threaten to spoil Singapore exchange’s challenge to HK

Singapore’s stock exchange is struggling with a rash of delistings and governance scandals that threaten its…

Tesla shares surge as carmaker rides out coronavirus shutdown

Tesla revealed on Thursday it had ridden out the coronavirus shutdown far better than expected, triggering a…

Backpage

Avoiding or mitigating recession in post Covid-19 Nigeria

Introduction The massive macro-financial shock caused by Covid-19 has continued to ravage the global economy…

Radical solution to educational crises in Nigeria (Part 1)

It is no longer news that Nigeria’s educational sector is in shambles. United Nations International Children's…

Covid-19: President Buhari should call Bello to order as gun shots decide…

Battles over the coronavirus pandemic assumed new dimensions at the Federal Medical Centre (FMC), Lokoja, Kogi…

National Consultative Front (NCF) and the challenges ahead

“The opposition can only be victorious in 2023 general election when there is only one united front. Let us work…

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Businessday Investigates

How gas firms, Imo government exploit oil-producing communities

The people of oil-rich Ohaji, Egbema and Oguta local councils in Imo State, Southeast Nigeria, are cut off from the…

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OIL PRICE CRASHES, ECONOMY IN TURMOIL

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CACOVID boosts NCDC’s COVID-19 effort with donation of N1.4bn medical equipment, 26,400 test kits

The private sector-led Coalition against COVID-19 (CACOVID) has donated to the Nigeria Centre for Disease Control…

Reps to verify responses to N161.98m audit queries by Finance Ministry

The House of Representatives Public Accounts Committee has resolved to set up a sub-committee to verify information…

Uzodimma assures on accelerated development of Imo communities

Imo State Governor Hope Uzodimma has assured Imo communities of accelerated development during his tenure and…

Market constraints, estimated billing, debts top DisCos’ concerns about new electricity tariff

Implementing a cap on estimated billing when about 60 percent of customers have no meters and ordering a tariff…

Lagos blames collapsed Mile 2 road, flood on dumping of refuse in drains 

The Lagos State government at the weekend blamed the collapse of Mile 2 section of Lagos-Badagry Expressway and…

COVID-19: Reopening schools now is premature – ANAP

The ANAP Foundation COVID-19 Think Tank (the ANAP Think Tank) has viewed with great concern the proposal to re-open…