BusinessDay
Nigeria's leading finance and market intelligence news report.

LEAD STORIES

COLUMNISTS

Recent

Today's E-paper

Businessday Investigates

Broken health centres, roads, schools underscore plight of Imo oil communities

In Obitti, an oil-producing community in Ohaji/Egbema in Imo State, self-medication is the norm.…

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…

Inside details of CBN’s discretionary bank debits

The Central Bank of Nigeria (CBN) is making discretionary debits on the banks…

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

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

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…

PREMIUM

Start-Up Journal

How 12-year- old Jessica fulfils her dream as kidpreneur

Many children are still grappling with what they wish to become in the future, but the 12- year-old multilingual…

UWGN, ABC provide COVID-19 relief for the elderly, support entrepreneurship

The United Way Greater Nigeria (UWGN) in partnership with American Business Council (ABC) has provided palliatives…

Sustaining Hiring Practices for SMEs and Startups

Our article last week discussed the importance of building trust and collaborative culture as employees work…

SMEs require insights, skills to transform challenges into opportunities—…

Entrepreneurial insights and skills are needed to transform challenges into opportunities, according to the Lagos…

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

Valentine Chime appointed as MD of Vodacom Business Nigeria

The board of Vodacom Business Africa (Nigeria) Limited has appointed Valentine Chime in the role of Managing…

Why CWG is driving five strategic Pillars – CEO

Adewale Adeyipo, the chief executive Officer of CWG Plc, Nigeria’s largest system integration company, has given…

Omoluabi Mortgage Bank plc changes name, holds 6th annual general meeting

Leading financial service provider, Omoluabi Mortgage Bank Plc, on Thursday, held its sixth Annual General Meeting…

Economy

Signature 50 ranking unveils Nigeria’s biggest corporations

For the second year running, Signature 50 has unveiled Nigerians biggest corporations. The ranking, based on market…

FX shortage impedes new investment in Nigeria, says EFG Hermes

Nigeria’s foreign exchange shortage, which has blocked foreign investors from repatriating funds and forced the…

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…

Energy

Obaseki boosts Edo economy with 55MW CCETC-Ossiomo power plant

The role of steady power supply in promoting businesses, driving industrialisation and productivity can't be…

Nigeria records 80% compliance in OPEC June oil production cut

Nigeria, Africa’s biggest oil-producing country, recorded 80% compliance in OPEC June oil production cut, coming…

Niger Delta group threatens to disrupt oil production over 57 marginal oil…

A group in Nigeria’s oil-rich Niger Delta region, Movement for the Development of Itsekiri Oil/Gas Producing…

Politics

We’ll win Edo at all cost, APC vows

The ruling All Progressives Congress (APC) has vowed that the party will do everything possible to win the…

Akeredolu didn’t win 2016 governorship election, we rigged him in…

Less than 12 hours after his sudden resignation, Ifedayo Abegunde, immediate past secretary to the Rotimi…

Akeredolu’s deputy debunks plot to violently unseat governor, prays for his…

Ondo State Deputy Governor, Agboola Ajayi, has debunked claims that he was planning protests in Akure and Abuja to…

Markets

Naira weakens as external reserves decline by $52.10m

Nigeria’s currency on Monday weakened across black market and the Nigerian Autonomous Foreign Exchange Fixing…

COVID-19: FG gives guidelines on Edo, Ondo gubernatorial elections

Ahead of the Edo and Ondo States gubernatorial elections, the Federal government on Monday released guidelines for…

Bears hold sway on Nigerian Stock Exchange    

The Nigerian stock market opened this new week on a negative note, extending its record downward trend despite the…

Technology

HiiT PLC offers N20 million digital skills acquisition scholarship to…

HiiT, an Information and Communications Technology (ICT) training service provider in Nigeria, has concluded plans…

How technology adoption in Africa is shifting amid COVID-19

The new normal in Africa is expected to re-direct the priorities of governments and business. For consumers across…

5G today is like electricity over 100 years ago, says Huawei’s…

Guo Ping, Huawei's rotating Chairman has likened the development of the 5th generation of networks (5G) to the…

Start-ups looking to build tech products have a range of options for…

In the last four months, technology has become unavoidable for most, if not all, businesses. Where there were…

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…

Top Videos

Podcast

Market Intelligence

Valuators face hard times as COVID-19 muddles business

Football matches played in empty stadium. Disruption to supply chain. No pepper souping and big stouting in bars.…

Niger Insurance strange expense reporting confuse analysts

What would have seemed like a perfectly normal financial report for Niger Insurance looks odd when analysts take a…

Investors ignore decline in return on equity performance at Custodian…

Despite posting a consistent decline in return on average equity since the 2016 recession, Custodian Investment has…

Nigerian refineries face impending solvency over debt

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

Financial Times

Martin Wolf: ‘Democracy will fail if we don’t think as citizens’

“It is clear then that the best partnership in a state is the one which operates through the middle people, and…

Companies pause frantic fundraising to assess pandemic damage

Companies are pausing for breath after a frantic four-month race to secure cash, drawing down bank credit lines,…

Argentina sweetens debt offer to bondholders to break deadlock

Argentina has announced an improved offer to holders of $65bn of foreign debt, hoping to break a deadlock that has…

Ayala wins over Duterte with rapid response to Covid-19

In mid-March, when Philippine president Rodrigo Duterte declared a “state of calamity” after a spike in Covid-19…

Backpage

Nigerian Bottling Company: Providing relief in trying times

In December 2019 when reports of a strange ailment killing people began emerging from Wuhan, China, no one expected…

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…

Recent

Today's E-paper

Columnists

Businessday Investigates

Broken health centres, roads, schools underscore plight of Imo oil communities

In Obitti, an oil-producing community in Ohaji/Egbema in Imo State, self-medication is the norm. Villagers say they…

Premium

OIL PRICE CRASHES, ECONOMY IN TURMOIL

Podcast

Magazines

More Stories

Armstrong’s strong arm tactics threaten Nigeria’s $1bn broadcasting industry

In October 2016, Information Minister Lai Mohammed stood before an audience at the Biennial Conference of African…

Martin Wolf: ‘Democracy will fail if we don’t think as citizens’

“It is clear then that the best partnership in a state is the one which operates through the middle people, and…

Companies pause frantic fundraising to assess pandemic damage

Companies are pausing for breath after a frantic four-month race to secure cash, drawing down bank credit lines,…

The highest duty of citizens (3)

Once the rule of law is submissive to either national security or politics, then the nation is doomed. We should…

Network failures, cashless policy push deprive bank customers of cash at ATMs on weekends

It was a cold, drizzly Friday evening in June. Osamuede was completely tired out and frustrated. He had visited…

Did we really have no victor, no vanquished?

There has been a lot of fighting on Twitter about one of the less discussed outcomes of Nigeria’s brutal Civil War…