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Businessday Investigates

Covid-19 adds to misery of homeless Nigerians in Lagos

Ibrahim Adeyemi
IBRAHIM ADEYEMI spent three nights with some homeless Nigerians in Lagos, to have a front-row…

Short Takes

Five things to start your day

Olufikayo Owoeye
The domestic equities market yesterday sustained its bullish streak for the…

5 reasons a fund manager is your plug in a declining yield environment 

Okafor Endurance
The uncertainty in Nigeria’s investment environment, heightened by the outbreak…

Here’s why Shoprite is leaving Nigeria after 15 years

Okafor Endurance
Africa's largest food retailer, Shoprite Group of Companies, said in…

Coronavirus Watch

Updated: COVID-19: FG extends protocols for another four weeks

Anthony Ailemen
Federal government said it will maintain the COVID-19 protocols which are currently in operation for managing…

Only 1.2% Nigerians enjoyed government’s COVID-19 palliatives – SBM…

Bailey Oluwabunmi
The Federal Government’s effort to cushion the impact of economic and health crisis brought about by the COVID-19…

Covid-19: Governor Diri lifts ban on midweek church services in Bayelsa

Samuel Ese
Governor Douye Diri of Bayelsa State has lifted the ban on midweek church services, which he imposed as part of…

Kwara deputy governor’s wife tests positive for COVID-19 

Sikirat Shehu
The Kwara State Deputy Governor and Chairman of the state Technical Committee, Kayode Alabi and his wife, Abieyuwa…

COLUMNISTS

Why Nigerians steal when they ‘get there’

Dr. Remi Adekoya

Nigeria is a politician’s perfect haven

Chris Akor

UBA’s MSME workshop – a pivot point for economic development

Babs Olugbemi

Recovery 108: Ending the lip service to cost containment in…

Emeka Osuji

Olumide Akpata: Make a difference!

Franklyn Ngwu

Pogom

Oladapo Akande

A prosperous Nigeria is possible… but why unmake your…

MA Johnson

Economic cost of Nigerian insecurity

Cheta Nwanze

PREMIUM

PWR advocates for gender diversity on Board seats in companies listed on…

Mercy Ayodele & Oluwafadekemi Areo
The Professional Women Roundtable (PWR) has advocated for gender diversity on board seats as this will help…

Why Nigeria needs single FX rate – IMF

Fuel queues loom as government’s swap deals come under pressure

Investors may rethink Unilever shares on plans to separate N1trn worth…

How Flour Mills rides on agro-allied business to post highest profit…

How Flour Mills rides on agro-allied business to post highest profit growth…

Okafor Endurance
Flour Mills of Nigeria plc, market operator in food and agro-allied products, finished the year strong with record…

Stanbic IBTC, Heirs entry to disrupt insurance sector, retail space

Equity vs Debt: Making a choice for Nigeria

Why motorists spend longer hours on Eko Bridge

Five reasons fund manager is your plug in a declining yield…

Start-Up Journal

‘Savvy fellowship’ launched to groom fresh entrepreneurs, calls…

A global fellowship program has been launched to impact 10,000 professionals through an initiative called “Savvy…

Benedicta Enodiana: Building successful fashion business

Benedicta Enodiana, founder, Dreamy Fabrics &More, is among the few female entrepreneurs that are building…

How Dunnice became successful brand in event industry

Dunnice is one of the successful brands in Nigeria’s event industry. But its success did not come overnight. It…

GEEP: Timely intervention for Nigeria’s bottom of the pyramid

It is indisputable that the Government Enterprise & Empowerment Program (GEEP) came at the appropriate time.…

Sponsored

FCMB Group Records Impressive Half Year Results as Profit Before Tax Rose…

BusinessDay
FCMB Group Plc has again proved its resilience and capability to deliver outstanding performance and returns to…

CLOUD set to drive Africa’s inclusive AI future

BusinessDay
JOHANNESBURG, July 2020 – Cloud computing offers unique opportunities to drive inclusive growth and economic…

Optimising the Cloud journey

BusinessDay
Cloud services are critical for SMEs in the current environment, but they require experienced advisory…

Why study Business in 2021?

Partner
Prof Bill Russell, an Economist and Associate Dean for International in the School of Business, at the University…

Third Mainland Bridge Closure

Only 25 percent of vehicles on 3rd Mainland Bridge being diverted- FRSC

Only 25 percent of total daily vehicular traffic on the partially closed Third Mainland Bridge are being diverted.…

Why motorists spend longer hours on Eko Bridge

The Federal Government has explained why motorists on Eko Bridge in Lagos have had to endure pains and stress of…

Third Mainland Bridge closure: Here are alternative routes for you

Don't get trapped in the heavy traffic build-ups that have become the order of the day on Third Mainland Bridge…

Fashola assures motorists of improved traffic situation on Third Mainland…

Minister of Works and Housing, Babatunde Fashola, has assured the motoring public that the traffic…

Editorial

With the economy in ruins, business-killing regulations should go

The Editorial Board
The Nigerian economy has seen five years of negative per capita growth, shed millions of jobs and about half of the…

Opinion

The boy child: Unseating his social validation as an endangered specie

A Nigerian President of Igbo extraction is a desideratum now

Lagos must stay grounded to solve its transportation challenges

Building power plants in a regulated price regime

COVID-19 and what lies ahead for Nigerian travellers

From risk to reward: The SMEs perspective

5 ways African governments can address chronic homelessness in cities

The COVID-19 impact on the youth: Analysis, trends and insight

Survival instinct of real estate during recession

Wealth And Investing

Here’s how wealth, fund managers are solving client’s worries

Micheal Ani
As the financial markets respond to the unprecedented public health crisis that has brought the global economy to its knees, wealth and fund managers across the globe are leveraging digital…

How ABIT makes your portfolio diversification goal easier

Here’s what you should know about the artisanal gold mining…

Signature 50 ranking unveils Nigeria’s biggest corporations

Recapitalisation: Small insurers have option of merger or…

In Focus

Stanbic IBTC, Heirs entry to disrupt insurance sector, retail space

Equity vs Debt: Making a choice for Nigeria

Why motorists spend longer hours on Eko Bridge

Five reasons fund manager is your plug in a declining yield…

Covid-19 could leave bitter aftertaste in education as students opt…

Women in Business

H.E Bisi Adeleye-Fayemi, the social entrepreneur and gender development…

Kemi Ajumobi
Her Excellency, Erelu Bisi Adeleye-Fayemi is the First Lady of Ekiti state. She is a feminist activist,…

Women groups want G20 members to recognise women as drivers of economic…

Desmond Okon
While the COVID-19 pandemic is expected to cause an unprecedented global economic downturn, UN Women, the UN arm…

BUKKY GEORGE, on scaling HealthPlus Pharmacy, surviving COVID-19 and…

Kemi Ajumobi
Bukky George is the Founder & CEO of HealthPlus Limited, Nigeria’s first integrative pharmacy, the…

Women in Business: Binta Masi Garba

Kemi Ajumobi
Binta Masi Garba is a Nigerian politician, businesswoman and administrator. She served the Federal House of…

Interview

How I-invest can help to build wealth from stock market, by Oluseye Olusoga

BusinessDay
Sterling Bank Plc, in collaboration with Parthian Partners, launched a new mobile banking application known as…

Covid Hero interview with Bola Atta

The Luxury Network
The Covid Hero campaign by The Luxury Network Nigeria, in partnership with Business Day, and Robert Taylor Media…

‘Child labour education will reduce use of underage domestic staff’

Josephine Okojie
Elizabeth Ajetunmobi is the chief executive officer of Aymie Staffing Solutions and the president of the…

Companies

FBN Holdings to inject N25bn into FirstBank

Iheanyi Nwachukwu
FBN Holdings Plc said it is injecting N25 billion capital into the group commercial banking arm, FirstBank Limited.…

NOVA Merchant bond issuance to increase earnings capacity, CFO says

Bala Augie
Nova Merchant Bank Limited said the derby bond issuance will increase earnings capacity and help build a more…

FCMB Group records impressive half Year 2020 results as PBT rose by 26%

Micheal Ani
FCMB Group Plc has again proved its resilience and capability to deliver outstanding performance and returns to…

Financial Times

How to close the gender pay gap

Financial Times
Women around the world will have to wait another two centuries for the global gender gap to fully close. That’s…

TikTok deal tests Microsoft’s decades of China experience

Financial Times
More than two decades of efforts by Microsoft to put down roots in China may soon bring a partial pay-off, if it…

Beirut explosion: Blast bares failings of a ‘collapsing’ system

Financial Times
The traders and shippers who spent their days cutting deals and counting containers in Beirut’s port knew there was…

Economy

Ortom signs fiscal responsibility, three other laws

Benjamin Agesan
In fulfillment of his promise to ensure transparency and accountability in government, Benue State Governor, Samuel…

Lagos engages stakeholders on 2021 budget

Seyi John Salau
Lagos State government has begun engagement with stakeholders to get their inputs into the making of the 2021…

A guide into Nigeria’s multiple exchange rate

BusinessDay
Besides the official exchange rate, used mainly for government transactions and the budget, Nigeria maintains a…

Energy

Port Harcourt joins to sell fuel at N150 per litre

Ignatius Chukwu
Port Harcourt has joined in adjusting their pumps to N150 per litre flat for fuel. The Petroleum Products Marketing…

NNPC wants to become an integrated energy company, what does it really…

Oladehinde Oladipo
The Nigerian National Petroleum Corporation (NNPC) says its on-going reform is geared towards transforming the…

ENI says allegations against it in respect of OPL245 were all false

Olusola Bello
Eni one of the companies that is involved in the controversial OPL245 has debunked the allegations that were levied…

Politics

Edo Assembly invasion: We don’t control the police, says APC

Idris Momoh
The Edo State chapter of the All Progressives Congress (APC) says it has no control over the activities of the…

Groups condemn Thursday invasion of Edo Assembly Complex

Idris Momoh
The failed attempt, Thursday, to forcefully take over the Edo State House of Assembly Complex at Ring Road, Benin…

Only leadership with integrity can guarantee a prosperous nation –…

Remi Feyisipo
Governor Seyi Makinde has said that Nigeria would become prosperous when its leadership begins to demonstrate…

Markets

Volume of dollar sales at I&E forex window falls to $937.27m

Hope Ashike
The volume of dollars traded in the Investors and Exporters (I&E) FX window fell by 6 percent to $937.27…

Bargain hunting puts over N120bn in Nigeria stock investors pockets

Iheanyi Nwachukwu
Within just four trading days into this week, Nigeria's stock investors have pocketed about N123billion as capital…

Stocks close another trading session in green as investors buy Mobil, CAP,…

Iheanyi Nwachukwu
Nigeria’s stock market witnessed positive close for the third time this week, thanks to investors that bought…

Magazines

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Technology

NCC says Nigerian banks owe telcos N17billion for USSD transactions

Jumoke Akiyode-Lawanson
The Nigerian Communications Commission (NCC) has said that commercial banks in Nigeria are currently in debt of…

Luno inks Genesis partnership to enable crypto holders earn interest from…

Frank Eleanya
Luno’s over 4 million customers across the world will now be able to earn interest from their cryptocurrency…

Google Pay speed up US launch with 6 new partners 

Frank Eleanya
Google’s plan to launch a digital banking service may be accelerating with the recruitment of six banking partners…

New survey reveals financial and lifestyle impact of COVID-19 on Gig…

Jumoke Akiyode-Lawanson
The COVID-19 pandemic has revealed the struggles and lapses in sectors of different economies globally. Earlier in…

Life and Culture

Lilo, Ka3na speak on relationship with housemates 

Anthony Nlebem
Big Brother Naija Lockdown housemates witnessed their very first Eviction Night show on Sunday, August 2, 2020.…

Bayegun (Woli Arole) changing his narrative with film production

Kemi Ajumobi
Oluwatoyin Bayegun, Known as Woli Arole, is a Nigerian comedian, actor and on-air personality. He was born on…

Online social platform ‘mentoring her’ set to empower women

Ifeoma Okeke
‘Mentoring Her’, an online social platform that virtually connects female mentors and mentees where they can…

EbonyLife TV pulls plug on DSTV, to begin life as streaming service

Frank Eleanya
Weeks after it announced that it was ending its service on DSTV, EbonyLife TV has finally pulled the plug on the…

Top Videos

Podcast

Market Intelligence

The paradox of lower yield but higher risk

Bala Augie
It is amazing how everyone looked forward to 2020 as the “magic year” only for the yearning aspirations to be…

Unilever see share price and gross profit drop by 60 percent in 3 years

Bala Augie
Unilever Nigeria has seen their share price decline by around 63 percent as investors repriced the company…

Nigeria’s Stock Market adds 4,000 points since hitting multiyear lows in…

Ifeanyi John
Since falling to multi-year lows in April, the Nigerian Stock Market All Share Index has now jumped around 4,000…

Aswath Damodaran: Valuations: Key lessons to take away

Bala Augie
The Second edition of the Coronation Capital Masterclass which discussed "Corporate Finance and Business Valuation"…

Backpage

Nigeria’s free fall into China’s debt trap!

BusinessDay
Quote: “A dog that refuses to heed the warning call from the hunter’s whistle will end up missing.”…

Assessing performance of Nigeria’s industrial plan

Odinaka Anudu
In early 2014, economic and development experts gathered in Abuja to launch the National Industrial Revolution Plan…

Adewunmi Ogunsanya – Visionary behind MultiChoice success story in…

Daniel Obi
MultiChoice Nigeria Limited, a leading entertainment company and operator of DStv and Gotv is a success story that…

Climate change: asset managers join forces with the eco-warriors

Attracta Mooney in London and Patrick Temple-West in Tampa
As 2020 kicked off, Dan Gocher at the Australasian Centre for Corporate Responsibility, a shareholder advocacy…

Lead Stories

PWR advocates for gender diversity on Board seats in companies listed on NSE

Mercy Ayodele & Oluwafadekemi Areo
The Professional Women Roundtable (PWR) has advocated for gender diversity on board seats as this will help…

Nigeria’s delayed $1.5bn World Bank loan affects you in more…

Hope rises for e-voting as INEC introduces election result viewing…

Flight resumption: Travellers to arrive 3 hours before international…

Recent

Flight resumption: Travellers to arrive 3 hours before international…

Port Harcourt joins to sell fuel at N150 per litre

Without FG’s pricing template, filling stations jack petrol prices to…

World Bank delays $1.5bn loan for Nigeria over fuel subsidy, power…

Why Nigeria needs single FX rate – IMF

In Other News

LEAD STORY

PWR advocates for gender diversity on Board seats in companies…

Opinion

The boy child: Unseating his social validation as an endangered …

Health

HIV: Secondary school students in S/West Nigeria engage in risky…

Health

Asthma: A travel message – Is it a storm or fair weather?

Health

COVID-19: Sambus Geospatial Ltd donates N5m worth software to…

Politics

Edo Assembly invasion: We don’t control the police, says…

Today's E-paper

Qries
Subscribe to read e-paper

Columnists

Why Nigerians steal when they ‘get there’

Dr. Remi Adekoya

Nigeria is a politician’s perfect haven

Chris Akor

UBA’s MSME workshop – a pivot point for economic development

Babs Olugbemi

Recovery 108: Ending the lip service to cost containment in…

Emeka Osuji

Olumide Akpata: Make a difference!

Franklyn Ngwu

Pogom

Oladapo Akande

Businessday Investigates

Covid-19 adds to misery of homeless Nigerians in Lagos

Ibrahim Adeyemi
IBRAHIM ADEYEMI spent three nights with some homeless Nigerians in Lagos, to have a front-row experience of how…

Short Takes

Five things to start your day

Olufikayo Owoeye
The domestic equities market yesterday sustained its bullish streak for the fourth consecutive session, following…

5 reasons a fund manager is your plug in a declining yield environment…

Here’s why Shoprite is leaving Nigeria after 15 years

Early Data Shows FMCGs Slashing Capital Expenditure to Preserve Cash…

Coronavirus watch

Updated: COVID-19: FG extends protocols for another four weeks

Anthony Ailemen
Federal government said it will maintain the COVID-19 protocols which are currently in operation for managing…

Only 1.2% Nigerians enjoyed government’s COVID-19 palliatives – SBM…

Covid-19: Governor Diri lifts ban on midweek church services in…

Kwara deputy governor’s wife tests positive for COVID-19 

Premium

PWR advocates for gender diversity on Board seats in companies listed on NSE

Mercy Ayodele & Oluwafadekemi Areo
The Professional Women Roundtable (PWR) has advocated for gender diversity on board seats as this will help…

Why Nigeria needs single FX rate – IMF

Fuel queues loom as government’s swap deals come under pressure

Investors may rethink Unilever shares on plans to separate N1trn worth…

How Flour Mills rides on agro-allied business to post highest profit…

Start-Up Journal

‘Savvy fellowship’ launched to groom fresh entrepreneurs, calls for…

Caleb Ojewale
A global fellowship program has been launched to impact 10,000 professionals through an initiative called “Savvy…

Benedicta Enodiana: Building successful fashion business

How Dunnice became successful brand in event industry

GEEP: Timely intervention for Nigeria’s bottom of the pyramid

Sponsored

FCMB Group Records Impressive Half Year Results as Profit Before Tax Rose by 26%…

BusinessDay
FCMB Group Plc has again proved its resilience and capability to deliver outstanding performance and returns to…

CLOUD set to drive Africa’s inclusive AI future

Optimising the Cloud journey

Why study Business in 2021?

Third Mainland Bridge Closure

Only 25 percent of vehicles on 3rd Mainland Bridge being diverted- FRSC

Joshua Bassey
Only 25 percent of total daily vehicular traffic on the partially closed Third Mainland Bridge are being diverted.…

Why motorists spend longer hours on Eko Bridge

Third Mainland Bridge closure: Here are alternative routes for you

Fashola assures motorists of improved traffic situation on Third…

Opinion

The boy child: Unseating his social validation as an endangered specie

CHIKE NWODO
There are conversations that are difficult for us to have because these conversations are seemingly not…

A Nigerian President of Igbo extraction is a desideratum now

Lagos must stay grounded to solve its transportation challenges

Building power plants in a regulated price regime

Podcast

WEALTH AND INVESTING

Here’s how wealth, fund managers are solving client’s worries

Micheal Ani
As the financial markets respond to the unprecedented public health crisis that has brought the global economy to…

How ABIT makes your portfolio diversification goal easier

Here’s what you should know about the artisanal gold mining…

Signature 50 ranking unveils Nigeria’s biggest corporations

Women In Business

H.E Bisi Adeleye-Fayemi, the social entrepreneur and gender development…

Kemi Ajumobi
Her Excellency, Erelu Bisi Adeleye-Fayemi is the First Lady of Ekiti state. She is a feminist activist,…

Women groups want G20 members to recognise women as drivers of…

BUKKY GEORGE, on scaling HealthPlus Pharmacy, surviving COVID-19 and…

Women in Business: Binta Masi Garba

Financial Times

How to close the gender pay gap

Financial Times
Women around the world will have to wait another two centuries for the global gender gap to fully close. That’s…

TikTok deal tests Microsoft’s decades of China experience

Beirut explosion: Blast bares failings of a ‘collapsing’…

Beirut explosion: Lebanon death toll climbs to 100 as day of mourning…

Companies & Market

FBN Holdings to inject N25bn into FirstBank

Iheanyi Nwachukwu
FBN Holdings Plc said it is injecting N25 billion capital into the group commercial banking arm, FirstBank Limited.…

Volume of dollar sales at I&E forex window falls to $937.27m

NOVA Merchant bond issuance to increase earnings capacity, CFO says

Bargain hunting puts over N120bn in Nigeria stock investors pockets

Magazines

Interview

How I-invest can help to build wealth from stock market, by Oluseye Olusoga

BusinessDay
Sterling Bank Plc, in collaboration with Parthian Partners, launched a new mobile banking application known as…

Covid Hero interview with Bola Atta

‘Child labour education will reduce use of underage domestic staff’

Effective Economic Sustainability Plan implementation is antidote to…

Economy & Politics

Edo Assembly invasion: We don’t control the police, says APC

Idris Momoh
The Edo State chapter of the All Progressives Congress (APC) says it has no control over the activities of the…

Groups condemn Thursday invasion of Edo Assembly Complex

Only leadership with integrity can guarantee a prosperous nation …

Monarch suspends chiefs over illegal land acquisition, disobedience

Energy & Technology

NCC says Nigerian banks owe telcos N17billion for USSD transactions

Jumoke Akiyode-Lawanson
The Nigerian Communications Commission (NCC) has said that commercial banks in Nigeria are currently in debt of…

Port Harcourt joins to sell fuel at N150 per litre

Luno inks Genesis partnership to enable crypto holders earn interest…

NNPC wants to become an integrated energy company, what does it really…

Life and culture

Lilo, Ka3na speak on relationship with housemates 

Anthony Nlebem
Big Brother Naija Lockdown housemates witnessed their very first Eviction Night show on Sunday, August 2, 2020.…

Bayegun (Woli Arole) changing his narrative with film production

Online social platform ‘mentoring her’ set to empower women

EbonyLife TV pulls plug on DSTV, to begin life as streaming service

Backpage

Nigeria’s free fall into China’s debt trap!

BusinessDay
Quote: “A dog that refuses to heed the warning call from the hunter’s whistle will end up missing.”…

Assessing performance of Nigeria’s industrial plan

Adewunmi Ogunsanya – Visionary behind MultiChoice success story…

Climate change: asset managers join forces with the eco-warriors

More Stories

COVID-19: Sambus Geospatial Ltd donates N5m worth software to government

Sikirat Shehu
As part of measures to combat COVID-19 spread through Geographical Information System (GIS) solutions, Sambus…

Edo Assembly invasion: We don’t control the police, says APC

Idris Momoh
The Edo State chapter of the All Progressives Congress (APC) says it has no control over the activities of the…

Debt Management Office to resume Savings Bond offer

Iheanyi Nwachukwu
The Debt Management Office (DMO) has announced the resumption of its Offer of the Federal Government of Nigeria…

Groups condemn Thursday invasion of Edo Assembly Complex

Idris Momoh
The failed attempt, Thursday, to forcefully take over the Edo State House of Assembly Complex at Ring Road, Benin…

FBN Holdings to inject N25bn into FirstBank

Iheanyi Nwachukwu
FBN Holdings Plc said it is injecting N25 billion capital into the group commercial banking arm, FirstBank Limited.…

NCC says Nigerian banks owe telcos N17billion for USSD transactions

Jumoke Akiyode-Lawanson
The Nigerian Communications Commission (NCC) has said that commercial banks in Nigeria are currently in debt of…