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June 12 Protest in Lagos

Clips from the protest in Lagos.

Nigeria continues to be a key focus area for Coca-Cola as we grow our…

"Rather than amplifying what the challenges are, the question is, to what extent are we listening to our consumers?…

Dr Dupe Elebute-Odunsi, on Marcelle Ruth Cancer Centre & Specialist…

West Africa's most authoritative business daily, a diversified provider of superior business, financial and…

How Nigerian businesses can thrive after the pandemic

Benjamin Ola Akande is a Nigerian-born American academic and professor. Dr. Akande has an extensive career that…

AFRICA

400m Africans covered as AU attracts $12b World Bank backing for…

In a boost to the African Union’s target to vaccinate 60 percent of the continent’s population by 2022, the World…

FDI flows to Africa significantly cut by pandemic

The COVID-19 pandemic had a significant impact on Foreign Direct Investment (FDI) in Africa as flows to the…

Kenneth Kaunda: The end of an era

The demise of the first president of Zambia, Kenneth Kaunda at the age of 97 last Thursday has continued to send…

Nigeria’s intra-Africa trade data show no clue of AfCFTA impact

It has been six months since the African Continental Free Trade Area (AfCFTA) took off on January 1, but impossible…

PREMIUM

Lubricants prices up 200% on poor local capacity, import dependence

In Africa’s biggest oil-producing country, the price of lubricant, a by-product of crude oil, has skyrocketed as…

In Nigeria, ghost of Kingsway, Leventis haunts second-generation retailers

Nigeria’s second-generation formal retailers may soon find themselves travelling down the ill-fated path of first-generation retailers from Leventis to Kingsway, who took off in the face of weak consumer purchasing power…

Start-Up Journal

Tony Elumelu Foundation trains 200,000 African entrepreneurs

The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering young entrepreneurs has trained over…

Adenike Akinyemi: Entrepreneur making mark in Nigeria’s event decor…

Nigeria's event planning and rental business is highly competitive and among the few entrepreneurs making their…

Adebunmi Philips-Ojo: Juice maker making Zobo with a difference

Adebunmi Philips-Ojo is the founder and executive director of Lola’s Drinks. Her start-up is a healthy brand…

Deji Garuba: Communication strategist rebranding businesses

Deji Garuba is a communications strategist and the lead partner at Belfry Africa, a communication intelligence…
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Portfolio Outlook — Does bitcoin have a portfolio role?

The popularity of bitcoin and other cryptocurrencies has surged with the conversation entering the mainstream, and…

KFC opened its doors to the city of Port Harcourt

Last week, the leading fast-food brand, KFC Nigeria, opened its doors to the city of Port Harcourt at The Vineyard…

Nigeria: The road map to sustainability

The Nigerian economy recorded another positive growth over the first quarter of 2021, marking the second…

Invest in Recyclan: Recyclan partners with Piggyvest to create…

Recyclan, the market leader in sustainable recycled PET supply from Africa, has partnered with the savings…

Editorial

Modular refineries and Nigeria’s energy quicksand

Of the 26 valid licences to build refineries as listed on the Department of Petroleum Resources' website, three are conventional refineries. Two of these conventional refineries have a nameplate capacity of 100,000 barrels of oil per day. The other, has 500,000bpd capacity. The rest, 23 of them, are modular refineries with nameplate ranging from 30,000bpd to 5,000bpd. These modular refineries are at…

Women in Business

Annette Fisher, Founder/Chair Let’s Build

Annette Fisher is a practicing international British/Nigerian architect. Her practice, FA Global operates in London…

Tolulope Opeoluwa Role, Founder, Nolar Hair Loss Restoration Clinic

Did you know that the condition of one's hair is an indicator of one's general health? Many Nigerians are dealing…

Sanyade Okoli, CEO, Alpha African Advisory Limited

Sanyade is Chief Executive Officer at Alpha African Advisory Limited. She has over 21 years of financial advisory,…

Markie Idowu, MD/CEO Xpress Payment Solutions Limited

Markie Idowu is distinguished by her ability to identify, leverage and develop business policies. Throughout her…

Interview

Nigerians want affordable prices but premium products – Uzo

Nigeria’s retail space has seen the departure of many foreign brands that have been successful elsewhere in Africa…

From passion to impact: How to build successful NGOs

As a catalyst in the intersecting worlds of Nigerian business and philanthropic management, fundraising,…

Despite economic slowdown, investors expect more M&A activities in…

Arun Velusami is a Partner in the Infrastructure, Energy, Resources, and Projects team at Hogan Lovells, a global…

There is room for improvement in how media portrays Africa – Asher

Zain Asher is an anchor for CNN International based in New York. She anchors the new global news program, One World…

Companies

USTDA, InfraCredit partner to develop quality infrastructure in Nigeria

InfraCredit, a ‘AAA’ rated specialised infrastructure credit guarantee institution, backed by the Nigerian…

Stanbic IBTC enlightens preteens, teenagers on financial literacy

Stanbic IBTC Holdings, a member of Standard Bank Group, recently concluded its annual NewSchoolMoney event. The…

Nestle bets on ‘affordability’ to retain consumers as cost of…

As consumer firms devise ways to ensure patronage of their products not only remain steady, but also increase,…

Shoprite’s exit and lessons about Nigerian consumers

Nigerian consumers come in different shades and shapes, promising retailers acres of diamond to mine from, Shoprite…

Economy

Lubricants prices up 200% on poor local capacity, import dependence

In Africa’s biggest oil-producing country, the price of lubricant, a by-product of crude oil, has skyrocketed as…

Series of fires, explosions show growing risks for Lagos residents

It has been a tale of woes for some Lagos residents and neighbourhoods, and businesses in recent times, as numerous…

Huge gap in official, parallel rates worsens Nigeria’s remittances slump

Nigeria’s remittances have been on a steady slump, down to 75 percent in the first quarter (1Q) of 2021, from 88…

For Nigeria, simply exiting recession is not enough

The Nigerian economy consolidated its recovery from recession as it grew further by 0.5% in Q1 2021. This…

Energy

Stakeholders seek leeway as FG, CBN address autogas loopholes

Energy experts have called for a holistic plan that would create a sustainable energy mix in Africa’s biggest…

Job cull, shutdown herald era of leaner oil for which Nigeria is ill…

A key oil refinery for U.S. East Coast consumers is halting operations after escalating environmental scrutiny made…

Oil Surges past $75, a first in 30 months

Brent oil hit $75 a barrel for the first time in more than two years amid signs of a rapidly tightening market and…

Oil may hit $100 a barrel next year on demand rebound- Bank of America Says

Oil may surge to $100 a barrel next year as travel demand rebounds, Bank of America Corp. said, the strongest call…

Politics

Again, Buhari vows to bring ‘criminals’ threatening Nigeria justice

President Muhammadu Buhari has for the umpteenth time, vowed that his administration would bring to book, all…

The legacy of a Jeroboam

Two years to the expiration of the administration of President Muhammadu Buhari, many Nigerians have continued to…

Mid-term result: poor oversight, unfulfilled promises weaken Rep’s marks

The 9th House of Representatives has received more knocks than kudos as its performance is considered less…

When two years seem like eternity

Looking at where Nigeria is today, in terms of worsening insecurity, poverty, economic malaise, among other ills,…

Markets

Naira gains at official market as turnover rise by 79.54%

Nigeria’s currency on Tuesday strengthened against the dollar at the official market following increased liquidity…

SAHCO shareholders approve 16.5 kobo dividend for 2020

Skyway Aviation Handling Company Plc (SAHCO) has assured shareholders of enhanced returns on their investments in…

On Custom Street, there’s bearish bias in June

It is less than seven trading days to end of June 2021, the bearish bias clouding the month’s trading activities is…

Over N360bn lost as investors sell Airtel, other Nigerian stocks

Nigeria’s stock market decreased further by 2.15percent or N364billion as Airtel and other stocks recorded major…

Technology

IPI SPL inks deal with global ISO certificate provider for Nigerian…

IPI Strategy Partners, a Nigerian-based consulting firm that leverages technology to assists organizations to…

Tecno Camon 17 Pro sets high bars for selfie cameras, other features

You may have seen many smartphone selfie cameras but one that is capable of identifying a user based on gender and…

GTBank closes in on payment disruptors with Holdco licence

Payment companies like Paystack, Flutterwave, and Interswitch may be enjoying the time of their lives in Nigeria’s…

Digital currency, cross border payment is centre of attention as FintechNGR…

The second edition of FintechNGR’s Intercontinental Webinar that brings together regulators from across the globe…

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Podcast

Life and Culture

Fast and Furious 9 hits cinema on June 25, thrills first viewers

Viewers at the exclusive ‘Press Screening’ of the ‘Fast and Furious 9 (F9); The Fast Saga’, which was held over the…

Netflix, Realness Institute partner on creative skills development in…

In a bid to strengthen the foundation of quality storytelling in Africa, Netflix has kicked off its creative…

RED’s Culture Intelligence hosts inaugural marketing leaders’ summit

Driven by a commitment to help business leaders and associated professionals leverage culture and social data in…

Nigeria movie industry moves to stop smoking scenes in films

The Nigerian movie industry, popularly called Nollywood, has pledged to stop smoking scenes in films produced in…

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Today's Epaper

Coronavirus

400m Africans covered as AU attracts $12b World Bank backing for…

In a boost to the African Union’s target to vaccinate 60 percent of the continent’s population by 2022, the World…

COVID-19 cases, deaths surging in Africa, near first wave peak – WHO

COVID-19 cases in Africa are surging by over 20 percent week-on-week as the continent's third wave gains pace and…

A $4bn fight against next pandemic has started in America

The pandemic is not over but US scientists are preparing to fight the next one with a huge funding of almost four…

Nigeria to receive 3.92m doses of AstraZeneca vaccines end July – FG

The Federal Government through the National Primary Health Care Development Agency (NPHCDA) on Tuesday said it has…

COVID-19 VACCINE TRACKER

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Business Of Health In Lagos

Businessday Investigates

Poor hearts in barrels of harmful oils

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

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Naira gains at official market as turnover rise by 79.54%

Nigeria’s currency on Tuesday strengthened against the dollar at the official market following increased liquidity…

Nigerians want affordable prices but premium products – Uzo

Nigeria’s retail space has seen the departure of many foreign brands that have been successful elsewhere in Africa…

It ain’t rocket science

Q: No government that fails to protect lives and ensure the safety of its citizens has any…

The Place of SMEs in Africa’s Free Trade (1)

The African Continental Free Trade Area (AfCFTA) agreement is the culmination of many years of efforts to deepen…

Modular refineries and Nigeria’s energy quicksand

Of the 26 valid licences to build refineries as listed on the Department of Petroleum Resources' website, three are…

The role of private sector leaders in irregular migration & reintegration of returnees

In 2014, Therietta Vershima was a single mum, School drop out and a struggling pastry chef. A friend and colleague…