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Coronavirus Watch

N/Assembly orders minister to suspend N10bn COVID-19 vaccine production

Dozie Emmanuel
Not satisfied with explanation from the Federal Ministry of Health, the National Assembly Joint Committee on Health…

Moderna’s fresh trials find vaccine still protects against emerging…

Temitayo Ayetoto
Results from Moderna’s latest clinical trial on how its vaccine reacts against emerging variants of COVID-19 has…

COVID-19: FG extends guidelines for another one month

Anthony Ailemen
The Federal Government on Monday announced the extension of the extant measures prescribed in the guidelines for…

Osinbajo raises hope for Nigeria-made COVID-19 vaccine

Anthony Ailemen
Vice President Yemi Osinbajo on Friday said Nigerian scientists are currently engaged in ground-breaking research…

Recession Watch

More Nigerians lose job, fall back on pension savings for survival

Incidences in Nigeria in 2020, particularly Covid-19 pandemic, #EndSARS protest and eventual nose-diving into…

Nigeria may not wriggle out of recession in first quarter of this year –…

Johnson Chukwu, an economic/ financial expert, has said that Nigeria cannot wriggle out of the present recession in…

The perils of being an economist

The year 2020 was a rather tumultuous one for the world economy. The spread of the novel coronavirus from the…

Leadership: Addressing the challenges of a Recession

While the COVID-19 pandemic has caused a virulent recession in many countries globally, Nigeria's case is a bit…

Top Videos

Tips for setting financial goals in 2021

Our financial experiences can change if only we are willing to change our approach. Here are a few tips to help you…

What to know before you delete your #WhatsApp

Here are some things you should consider that WhatsApp is not doing with your data

What did Nigeria gain from Border Closure?

After 16 months of shutting the country's land borders, they are now being reopened but the reasons for which they…

5 Reasons why Bitcoin prices fluctuate

When it comes to cryptocurrencies like Bitcoin if there is one thing you can be sure of, it is that the prices can…

#EndSars

233,000 candidates miss NECO exams due to ENDSARS protest

A total of 233,000 candidates could not write the National Examination Council (NECO) Senior School Certificate…

#EndSARS protest: How best to mitigate the losses at least in the future

The chickens have finally come home to roost nationwide as the dusts raised by the #EndSARS crisis settle – at…

#EndSARS losses: What assets, business owners need to do to have adequate…

The aftermath of October 2020 #EndSARS protest in Nigeria and subsequent loss experienced by businesses and…

EndSARS protest: The youth rage that defined 2020

The EndSARS protest that rocked Nigeria in early October 2020 was perhaps the most significant event that shaped…

AFRICA

Dangote retains spot as richest man in Africa for 10th time -Forbes

Micheal Ani
For the 10th time in a row, Aliko Dangote, chairman of Dangote Group, retained his spot as being the wealthiest man…

Nigeria offers $100m to ECOWAS anti-terrorism action plans

Anthony Ailemen
President Muhammadu Buhari has directed the immediate remittance of $100 million to support the Economic Community…

Gambia’s ex-vice president nominated for AU Commission deputy…

Hope Ashike
Republic of The Gambia has named former vice president, Fatoumata CM Jallow Tambajang, as the nation’s candidate…

Uncertainty dots Africa’s COVID recovery but AfCFTA could hold key

Bailey Oluwabunmi
Africa’s path to economic recovery from the global COVID-19 pandemic is uncertain and fragile, investment experts…

PREMIUM

Local investors flock to stocks at fastest pace since 2008 crash

Lolade Akinmurele
You would have to go back to 2008 for when Nigerians were more active in the stock market than they were last year.…

Ignoring oil investors’ concerns may derail PIB

Used clothes going out of reach for many Nigerians as inflation bites

Aba’s COVID-19 response created PPE industry, yearns for support

Aviation sector sees steady but slow growth in five years

Aviation sector sees steady but slow growth in five years

Ifeoma Okeke
The Nigerian aviation sector has in the last five years experienced a slow but steady growth as regards safety,…

Companies look to crack market of 35m internet users

14 COVID-19 vaccines jostling for approval in final trials

Quality healthcare elusive despite promise of world-class hospitals

Nigerians groan under weight of two economic recessions

Start-Up Journal

SMEs in baking industry urged to embrace innovation to scale

Experts have urged operators of small and medium scale enterprises (SMEs) in the country’s baking and confectionery…

Ngozi Ikemefuna: Passionate about making memorable events for clients

Like the mother hen, completely immersed in the affairs of her chick, Ngozi Ikemefuna once desired a complete…

Meet Maryann, entrepreneur redefining Nigeria’s luxury and lifestyle…

Over the last decade, Nigeria’s with its growing consumer class has represented exciting and vast marketing…

Kehinde Muibi: Entrepreneur building a successful construction business

In the highly competitive world of the construction industry, it is traditionally difficult for young entrepreneurs…

Sponsored

The payday revolution is here

BusinessDay
Now you can pay yourself! Come and experience this USSD based service which allows you to pay yourself as…

Otunba Subomi Balogun officially Hands over Otunba Tunwase National…

BusinessDay
The Founder of FCMB Group and notable philanthropist, Otunba Olasubomi Balogun (CON), has formally handed over his…

Fidelity Bank Hosts National Capacity Building Webinar For SMEs

BusinessDay
Fidelity Bank Plc, top Nigerian lender, is set to organise a National Capacity Building Webinar For Small Medium…

Top Reasons to Invest in Grenada

BusinessDay
Investors looking for a solid, international real estate investment should consider the unique opportunity…

Editorial

Taming inflation to stop pressure on household income

The Editorial Board
As many households in Nigeria groan under the weight of inflation, the Federal Government should do well to tame…

Opinion

Fallacy, ambiguity in Finance Act (2020) with respect to FIRS,…

What is Nigeria’s standard for good governance?

How to conduct a growth-focused marketing impact audit

AfCFTA: Understanding the challenge of implementing free trade…

Time to put an end to period poverty

BAFI Awards supplement download photo

Women in Business

Esther Longe, a story of determination, focus and commitment to impact…

Kemi Ajumobi
Esther Longe (PhD) is a transformative leader, pioneering the new movement of the 7000 audaciously. She is…

Women in Business: Carolyn Seaman

Kemi Ajumobi
Carolyn is a development professional highly experienced in program design and management with bias in girl-centred…

Women in Business: Doris Okechukwu Mbadiwe

Kemi Ajumobi
Doris Okechukwu Mbadiwe is the Executive Director at InterBau Construction Ltd, a leading indigenous construction…

Women in Business: Abiodun Mamora

Kemi Ajumobi
Abiodun Mamora is the Executive Director, Finance at Construction Kaiser Limited, a highly reputable construction…

Interview

‘Lekki Port needs better road, rail infrastructure to be successful’

Amaka Anagor
Du Ruogang is the chief executive officer, Lekki Port LFTZ Enterprise Limited, a Special Purpose Vehicle (SPV)…

Telecommunication Companies: Driving Broad Band Penetration In Nigeria

BusinessDay
Biodun Omoniyi is the Managing Director/chief Executive Officer of VDT Communications Limited, one of the leading…

‘Concentration of Nigeria’s wealth in the hand of a few people, bane of…

Ifeoma Okeke
Fijeh Roseline Aadum is a renowned corporate trainer, an enterprise and human capital development expert. In this…

‘Transport industry has capacity to generate more revenue to Nigeria if…

Obinna F. Nwachukwu
Dr Bayero Salih-Farah was appointed Director-General/Chief Executive Officer Nigerian Institute of Transport…

Companies

Company taxes paid via e-channels surge to most in 5yrs

Micheal Ani
Companies operating in Nigeria paid the highest amount of taxes via e-channels since 2015 last year. Although…

Olam rated employer of choice in Africa

Daniel Obi
Olam, foremost food and agribusiness conglomerate, has been rated as an employer of choice in the African region,…

Nigerian Islamic finance industry nascent but with growth potential—Fitch

Micheal Ani
Nigeria’s Islamic finance industry remains nascent and in its early stages of development, but potentials for…

AVCA appoints new CEO

Micheal Ani
The African Private Equity and Venture Capital Association (AVCA) has appointed Abi Mustapha-Maduakor as its new…

Economy

From health to tech: COVID-19 opens opportunities for investment

Stephen Onyekwelu
Despite the relentless growth in the transmission of COVID-19 in Nigeria, some enterprising Nigerians are using the…

Nigeria’s VAT is growing, but here is why it’s still not enough

Micheal Ani
Africa's biggest economy may have raked in the most revenue from value added tax (VAT) in the last five years in…

CBN holds rates, defends financing of FG

Hope Ashike
The Central Bank of Nigeria (CBN) has signalled intentions to continue financing the Federal Government through…

CBN votes to retain MPR, citing inflation concerns

Onyinye Nwachukwu & Tochukwu Okafor, Abuja, Hope Ashike-Moses, Lagos
In line with wide expectations by analysts, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria…

Energy

200,000 bpd at risk as PENGASSAN threatens to shut Agip Oil operations

Joshua Bassey
At a time Nigeria is still struggling with low oil prices and economic recession occasioned by the coronavirus…

Oil rises, driven by hopes of improving demand in Asia and US data

Our Reporter
Oil prices are up Wednesday after industry data showed US crude stockpiles fell unexpectedly last week and China,…

Oil Companies fear Nigerian plan may deter offshore investment

BusinessDay
International energy companies working in Nigeria are worried that proposals in the country’s long-delayed oil…

Electric Cars’ Looming Recycling Problem

PERRY GOTTESFELD
In September, Tesla announced that it would be phasing out the use of cobalt in its batteries, in an effort to…

Magazines

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Politics

Reps will pass PIB in April, says Gbajabiamila

James Kwen
The House of Representatives will pass the Petroleum Industry Bill (PIB) into law in April this year, House Speaker…

Disappointment, excitement as Buhari bows to pressure on service chiefs

Iwok Iniobong
Perhaps, for many Nigerians the news of the appointments of new service chiefs Tuesday by President Muhammadu…

Nigeria on course despite COVID-19, security, economic challenges –…

Francis Sadhere
Governor Ifeanyi Okowa of Delta State, says Nigeria as a nation is on course despite the COVID-19 pandemic,…

Markets

Naira reverses loss, strengthens by 0.42% on black market

Hope Ashike
Nigeria’s currency on Wednesday appreciated by 0.42 percent to N478 per dollar after weakening to N480/$ on Tuesday…

Stock market rally masks Nigeria’s wobbling economy

LOLADE AKINMURELE & TOCHUKWU OKAFOR
Nigerian stocks are rallying at a time when the economy is gasping for breath. No year better captures the growing…

Naira falls by 0.63% to N480 on strong demand for dollar

Hope Ashike
Nigeria’s currency on Tuesday depreciated by 0.63 percent as the dollar traded at N480, weaker than N477 traded on…

Nigeria’s Collective Investment Scheme now worth N1.512trn

Iheanyi Nwachukwu
The value of Nigeria’s Collective Investment Scheme (CIS) increased to N1.512 trillion as at week ended January 15,…

Technology

Value locked in DeFi rise 75% in January amid drop in crypto market…

Frank Eleanya
The total value locked in decentralised finance (DeFi) has grown by 75 percent to sit at $26.3 billion since…

FirstCheck launches to level equity field for women founders

Frank Eleanya
Eloho Omame, managing director, Endeavor Nigeria, and Odunayo Eweniyi, co-founder and COO, Piggyvest have launched…

How exchanges’ investment in crypto education is paying off in Nigeria

Frank Eleanya
The cryptocurrency market has gained popularity in Nigeria no thanks to persistent economic headwinds that have…

Cybersafe Foundation, UK government take cyber hygiene to 10m Nigerians

Frank Eleanya
Over 10 million Nigerians have benefited from the campaign to digitally equip vulnerable groups and small and…

Life and Culture

The Jimi Tewe company to showcase income, investment windows in millionaire…

Joshua Bassey
For thousands of employees who daily struggle with indecision on how to invest, what to invest in, and where to…

At 87, Legendary Larry King is dead

Kemi Ajumobi
Larry King, the host of the show Larry King Live is dead. Larry, the 87-year-old was previously admitted into a…

Joe Biden and Kamala Harris, historic inauguration, all shades of…

Kemi Ajumobi
I was in America when President Obama became the President of America. I couldn’t sleep a day before…the anxiety…

BusinessDay’s Desmond Okon wins reporting grant by Maternal Figures

BusinessDay
Maternal Figures has selected Desmond Okon, a reporter with BusinessDay for a reporting grant, for an investigation…

Market Intelligence

Shell, Wike and OML 11 – reaching a compromise

Bala Augie
A news story in The Sun newspaper of Friday November 27th, 2020 was trigger for this piece. The headline – “Supreme…

Nigerian Banks groan under huge write offs

Bala Augie
As 2020 dawned, bankers were digging out of the harsh regulatory environment and a stock market rout that sent…

Zenith Bank is Nigeria’s largest lender by total asset as valuations remain…

Bala Augie
Zenith Bank Plc is Nigeria’s largest lender by total assets as valuations remain attractive even amid a punitive…

Cement makers’ earnings surge during pandemic as economy slumps

Bala Augie
The coronavirus pandemic and a difficult business environment have sent the economy in a tailspin, and a recession…

Lead Stories

Naira reverses loss, strengthens by 0.42% on black market

Hope Ashike
Nigeria’s currency on Wednesday appreciated by 0.42 percent to N478 per dollar after weakening to N480/$ on Tuesday…

From health to tech: COVID-19 opens opportunities for investment

Nigeria’s N50bn floating dockyard remains unused 31 months after

Stock market rally masks Nigeria’s wobbling economy

Columnists

Physical infrastructure and the continental free trade zone

Fola Fagbule

Gold, spices and leather: What intra-Africa trade looked…

Emmanuel Ogomegbunam

Africa’s delusional self-image: The virus without a vaccine

David Hundeyin

The far side of the 2020 finance act

Emeka Osuji

Finance bill 2020: Promoting financial inclusion or…

Franklyn Ngwu

And off we go again

Oladapo Akande

Recent

Stock market rally masks Nigeria’s wobbling economy

Nigeria’s VAT is growing, but here is why it’s still not enough

Local investors flock to stocks at fastest pace since 2008 crash

Ignoring oil investors’ concerns may derail PIB

Oil rises, driven by hopes of improving demand in Asia and US data

In Other News

Banks show resilience but rising credit exposure, NPLs are concerns – IMF

Hope Ashike
Banks across the globe including Nigeria have not been part of the Covid-19 problem so far as they entered the…

Security issues must not be mixed with politics, says Ooni

N/Assembly orders minister to suspend N10bn COVID-19 vaccine…

Stock market rally masks Nigeria’s wobbling economy

Insecurity: We are in a State of emergency- Buhari

It’s unlikely Nigeria met 80% financial inclusion target of 2020 –…

Gov Abdulrazaq signs N137.6bn 2021 appropriation bill for Kwara

FG seeks dialogue to tackle insecurity in Ondo, Oyo, others

In Other News

Banks show resilience but rising credit exposure, NPLs are concerns – IMF

Hope Ashike
Banks across the globe including Nigeria have not been part of the Covid-19 problem so far as they entered the…

Security issues must not be mixed with politics, says Ooni

N/Assembly orders minister to suspend N10bn COVID-19 vaccine…

Stock market rally masks Nigeria’s wobbling economy

Insecurity: We are in a State of emergency- Buhari

It’s unlikely Nigeria met 80% financial inclusion target of 2020 –…

Gov Abdulrazaq signs N137.6bn 2021 appropriation bill for Kwara

FG seeks dialogue to tackle insecurity in Ondo, Oyo, others

In Other News

Banks show resilience but rising credit exposure, NPLs are concerns – IMF

Hope Ashike
Banks across the globe including Nigeria have not been part of the Covid-19 problem so far as they entered the…

Security issues must not be mixed with politics, says Ooni

N/Assembly orders minister to suspend N10bn COVID-19 vaccine…

Stock market rally masks Nigeria’s wobbling economy

Insecurity: We are in a State of emergency- Buhari

It’s unlikely Nigeria met 80% financial inclusion target of 2020 –…

Gov Abdulrazaq signs N137.6bn 2021 appropriation bill for Kwara

FG seeks dialogue to tackle insecurity in Ondo, Oyo, others

NUT dares Edo govt on school resumption, insists on strike

Churchill Okoro
The leadership of the Edo State chapter of the Nigeria Union of Teachers (NUT) on Wednesday insisted that the…

FG moves to raise Nigerian export goods quality to curb rejection

Value locked in DeFi rise 75% in January amid drop in crypto market…

Reps will pass PIB in April, says Gbajabiamila

Company taxes paid via e-channels surge to most in 5yrs

Thomas Tuchel is Chelsea’s new manager

Lagos launches 3 mobile chest X-ray vans for TB screening

MPC’s ‘hold’ decision to strengthen investors’ interest in…

Coronavirus

N/Assembly orders minister to suspend N10bn COVID-19 vaccine production

Not satisfied with explanation from the Federal Ministry of Health, the National Assembly Joint Committee on Health…

Moderna’s fresh trials find vaccine still protects against emerging…

Results from Moderna’s latest clinical trial on how its vaccine reacts against emerging variants of COVID-19 has…

CACOVID supplies oxygen to isolation centres as COVID-19 second wave rages

The private sector-led Coalition Against COVID-19 (CACOVID) has again stepped up the fight against the pandemic…

COVID-19: FG extends guidelines for another one month

The Federal Government on Monday announced the extension of the extant measures prescribed in the guidelines for…

Recession

More Nigerians lose job, fall back on pension savings for survival

Incidences in Nigeria in 2020, particularly Covid-19 pandemic, #EndSARS protest and eventual nose-diving into…

Nigeria may not wriggle out of recession in first quarter of this year –…

Johnson Chukwu, an economic/ financial expert, has said that Nigeria cannot wriggle out of the present recession in…

The perils of being an economist

The year 2020 was a rather tumultuous one for the world economy. The spread of the novel coronavirus from the…

Leadership: Addressing the challenges of a Recession

While the COVID-19 pandemic has caused a virulent recession in many countries globally, Nigeria's case is a bit…

Top Videos

Tips for setting financial goals in 2021

Toju Akapa
Our financial experiences can change if only we are willing to change our approach. Here are a few tips to help you…

What to know before you delete your #WhatsApp

What did Nigeria gain from Border Closure?

5 Reasons why Bitcoin prices fluctuate

Today's E-paper

Today's Newspaper
Subscribe to read e-paper

Businessday Investigates

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

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

Nigeria Stock Watch

Today's Newspaper
Subscribe to read

Sponsored

The payday revolution is here

BusinessDay
Now you can pay yourself! Come and experience this USSD based service which allows you to pay yourself as…

Otunba Subomi Balogun officially Hands over Otunba Tunwase National…

Fidelity Bank Hosts National Capacity Building Webinar For SMEs

Top Reasons to Invest in Grenada

Unicaf Essay Competition for Women empowerment

#EndSars

233,000 candidates miss NECO exams due to ENDSARS protest

Godsgift Onyedinefu
A total of 233,000 candidates could not write the National Examination Council (NECO) Senior School Certificate…

#EndSARS protest: How best to mitigate the losses at least in the…

Police debunk reported resumption of ENDSARS protests in Abuja

Police ask court for order to disband EndSARS panels of inquiry

Lekki shooting: Army insists carrying live weapon part of rule of…

Buhari pledges to ensure EndSARS protest does not reoccur

Police Brutality: Panel receives 92 petitions in Akwa Ibom

We must rebuild trust between Government and the governed –…

Africa

Dangote retains spot as richest man in Africa for 10th time -Forbes

Micheal Ani
For the 10th time in a row, Aliko Dangote, chairman of Dangote Group, retained his spot as being the wealthiest man…

Nigeria offers $100m to ECOWAS anti-terrorism action plans

Gambia’s ex-vice president nominated for AU Commission deputy…

Uncertainty dots Africa’s COVID recovery but AfCFTA could hold key

Premium

Local investors flock to stocks at fastest pace since 2008 crash

Lolade Akinmurele
You would have to go back to 2008 for when Nigerians were more active in the stock market than they were last year.…

Ignoring oil investors’ concerns may derail PIB

Used clothes going out of reach for many Nigerians as inflation bites

Aba’s COVID-19 response created PPE industry, yearns for support

Aviation sector sees steady but slow growth in five years

Start-Up Journal

SMEs in baking industry urged to embrace innovation to scale

Josephine Okojie
Experts have urged operators of small and medium scale enterprises (SMEs) in the country’s baking and confectionery…

Ngozi Ikemefuna: Passionate about making memorable events for clients

Meet Maryann, entrepreneur redefining Nigeria’s luxury and lifestyle…

Kehinde Muibi: Entrepreneur building a successful construction…

Opinion

Fallacy, ambiguity in Finance Act (2020) with respect to FIRS, financial…

INNOCENT OKWUOSA
It is no longer news that the Finance Act (2020), which was signed into law on 31st December, 2020 by President…

What is Nigeria’s standard for good governance?

How to conduct a growth-focused marketing impact audit

AfCFTA: Understanding the challenge of implementing free trade…

Podcast

Women In Business

Esther Longe, a story of determination, focus and commitment to impact humanity

Kemi Ajumobi
Esther Longe (PhD) is a transformative leader, pioneering the new movement of the 7000 audaciously. She is…

Women in Business: Carolyn Seaman

Women in Business: Doris Okechukwu Mbadiwe

Women in Business: Abiodun Mamora

Companies & Market

Naira reverses loss, strengthens by 0.42% on black market

Hope Ashike
Nigeria’s currency on Wednesday appreciated by 0.42 percent to N478 per dollar after weakening to N480/$ on Tuesday…

Stock market rally masks Nigeria’s wobbling economy

Company taxes paid via e-channels surge to most in 5yrs

Olam rated employer of choice in Africa

Magazines

Interview

‘Lekki Port needs better road, rail infrastructure to be successful’

Amaka Anagor
Du Ruogang is the chief executive officer, Lekki Port LFTZ Enterprise Limited, a Special Purpose Vehicle (SPV)…

Telecommunication Companies: Driving Broad Band Penetration In Nigeria

‘Concentration of Nigeria’s wealth in the hand of a few people, bane…

‘Transport industry has capacity to generate more revenue to Nigeria…

Economy & Politics

From health to tech: COVID-19 opens opportunities for investment

Stephen Onyekwelu
Despite the relentless growth in the transmission of COVID-19 in Nigeria, some enterprising Nigerians are using the…

Nigeria’s VAT is growing, but here is why it’s still not enough

Reps will pass PIB in April, says Gbajabiamila

Disappointment, excitement as Buhari bows to pressure on service…

Energy & Technology

200,000 bpd at risk as PENGASSAN threatens to shut Agip Oil operations

Joshua Bassey
At a time Nigeria is still struggling with low oil prices and economic recession occasioned by the coronavirus…

Value locked in DeFi rise 75% in January amid drop in crypto market…

Oil rises, driven by hopes of improving demand in Asia and US data

Oil Companies fear Nigerian plan may deter offshore investment

Life and culture

The Jimi Tewe company to showcase income, investment windows in millionaire…

Joshua Bassey
For thousands of employees who daily struggle with indecision on how to invest, what to invest in, and where to…

At 87, Legendary Larry King is dead

Joe Biden and Kamala Harris, historic inauguration, all shades of…

BusinessDay’s Desmond Okon wins reporting grant by Maternal Figures

More Stories

N/Assembly orders minister to suspend N10bn COVID-19 vaccine production

Dozie Emmanuel
Not satisfied with explanation from the Federal Ministry of Health, the National Assembly Joint Committee on Health…

Nigeria’s N50bn floating dockyard remains unused 31 months after

Amaka Anagor
Every year, Nigerian ship operators spend an estimated N36 billion due to lack of dry-docking facilities, as it…

Opportunities beckon on investors in Africa’s used-car market

Mike Ochonma
Low hanging fruits are available for prospective Nigerian investors in the country’s and continent’s growing…

Stock market rally masks Nigeria’s wobbling economy

LOLADE AKINMURELE & TOCHUKWU OKAFOR
Nigerian stocks are rallying at a time when the economy is gasping for breath. No year better captures the growing…

Insecurity: We are in a State of emergency- Buhari

Anthony Ailemen
President Muhammad Buhari Wednesday said the country is currently in “ a state of emergency , following the…

Sanwo-Olu honors Fashola, names Iponri LagosHOMS

Joshua Bassey
Lagos State governor, Babajide Sanwo-Olu, on Wednesday, honoured the former governor of the state, Babatunde…