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How Nigeria can ease subsidy removal pain

The Federal Government has said it is unwilling to inflict an additional burden on Nigerians as a major reason for the decision to suspend its petrol subsidy removal. However, understanding how countries in similar situations solved the problem…

Columnists

Today's E-paper

Nigeria Stockwatch

REVIEW: NIGERIA IN 2021

5 inflation highlights that trended in 2021

As the tension and panic that associated the COVID-19 pandemic in the earlier parts of the year began easing off…

How rising insecurity affected the economy in 2021

Nigerians cheered when new service chiefs were appointed in the first month of 2021 to fight the rising insecurity…

OUTLOOK: NIGERIA IN 2022

Cautious optimism reinforces analysts’ stance of another positive year

Nigeria's equities market ended the year 2021 with an impressive positive return of 6.7percent amid remarkable…

Nigeria will need more than oil to lift economy

Nigeria will get another chance this year to lay the building blocks of a long-touted transition away from oil and…

CLIMATE/ ENVIRONMENT

How to unlock, mobilise private capital for climate change action

As the world faces extreme weather conditions that underpin climate change, the need to mobilise private capital…

Global coal demand set to hit new high stirring fresh climate concerns

One month after the world pledged to abandon coal at COP 26, global demand for the commodity is set to hit an…

Climate change: Businesses, Nonprofits leading momentum towards net-zero

The enthusiasm among non-Party stakeholders around the globe towards achieving a net-zero, resilient future…

Days after COP26 deal, oil producers angle to pump more

While the ink on which the climate change agreement was written has barely dried, oil producers gathered at a…

Videos

Tony Elumelu receives Inspiring Woman Series HE FOR SHE award for…

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

We have supported thousands of farmers to double yields, farm sizes –…

Dimeari Von Kemedi, managing director of Alluvial, a company that supports smallholder farmers with inputs, #finance, and access to market,…

Inspiring Woman Series – The journey so far

Inspiring Woman Series

What’s News Today

Watch the review, in reference to reports from the Lagos Judicial Panel, on how the Nigerian army covered up the Lekki toll gate massacre…

Des Amey is guest on The Exclusive with Kemi Ajumobi

DES AMEY, Founder/CEO, Amey Finance Academy was recently in Nigeria to connect project owners with potential investors. In this exclusive…

Airtel Africa could double mobile money revenues with Nigeria operations

Airtel, Nigeria’s second-largest telco by number of subscribers, could make an additional $405 million a year from mobile money operations…

What’s News Today

Watch this week's summary report on trending stories on our BusinessDay website.

Dr. Ogho Okiti – Managing Director, BusinessDay Media talks about…

"Don't think too much about economics as the Macro, just think of your personal situation"

Think Business with Dr. Ogho Okiti

Dr. Ogho Okiti - Managing Director, BusinessDay Media talks about Nigeria's economic recovery. "Don't think too much about economics as…

What’s News Today

BusinessDay introduces you to 'What's News Today'- a summary report on trending stories on our BusinessDay website. Watch today's recap in…

The Shift: Why WhatsApp, Facebook, Instagram shutdown for 6hrs Monday

Private and personal information of over 1.5 billion Facebook users is being sold on a popular hacking-related forum, potentially enabling…

BD Weekender

Who needs a brand culture?

Brand culture is a type of company culture that is completely aligned with a brand. It is also referred to as…

Africa cup of nations: What stands out?

Fifty-seven goals have been scored in 30 games, making for an average of 1.9 goals per match. Going by the number…

Is it worth living in Lagos?-A review of Professor Hope Eghagha and Karen…

Title: International Sisi Eko and Other Stories Author: Professor Hope Eghagha and Karen King-Aribisala…

Netflix reviews for the week

ACT OF VALOR (2012) The US Navy seal were sent in to rescue a young lady who was meant to spy on a very bad guy…

Entrepreneur

Meet Nkesi Enyioha, entrepreneur changing the face of Nigeria’s…

Nkesi Enyioha is a seasoned cook and executive chef and owner of HSE Gourmet, a restaurant in Lekki area of Lagos…

Wumi Jubril: Raising the bar in hospitality industry

Wumi Jubril is the CEO steering the wheels of the Seattle Residences and Spa, a leading luxurious residence in…

Kay Obi: From finance executive to serial entrepreneur

If there's one person who has found success in the investment space, it is Kay Obi. Although he has had his fair…

Jennifer Awirigwe: Building a community of financial experts

Many entrepreneurs often struggle to find a community they can serve early in their entrepreneurship journey, and…

Sponsored

AFCON 2021: Tough test for Super Eagles as Nigeria face familiar foe…

The Super Eagles of Nigeria face a sort of difficult test in the last 16 of AFCON 2021 after their record finish at…

DPO Group granted regulatory licence to provide payments services in…

One Payment Limited, a subsidiary of the leading Pan-African digital payments group, DPO Group has been granted a…

‘Biodun and Ibikunle Foundation names Oriyomi Adebare-Anthony as PRESIDENT…

Lagos, Nigeria (January 17, 2022) - ‘Biodun and Ibikunle Foundation today announced Oriyomi Adebare-Anthony as its…

How Iroham is making waves in Nigeria’s energy space

Faith Iroham FCPAN, FIOGR is the founder and managing director/CEO of Gove Energy. Gove Energy is an indigenous Oil…

Technology

Bitcoin to surpass $90,000 this year despite regulatory clampdown –…

The price of Bitcoin (BTC) will peak at $93,717 in 2022 on average, before ending the year at $76,360, a 33 member…

Money laundering accounts for 0.05% of crypto transaction volume in 2021

Cybercriminals laundered $8.6 billion worth of cryptocurrency in 2021 representing 0.05 percent of the total…

TLcom secures first close of $150m fund to invest in African tech companies

TLcom, an Africa-focused venture capital firm has secured the first close of $70 million for its $150 million tech…

FEC approves Revenue Assurance Solution to block leakage in telecom sector

The Federal Executive Council (FEC) approved the deployment of Revenue Assurance Solution (RAS), for the Nigerian…

Economy

World Bank sees oil price rally eluding Nigeria on N3trn subsidy

For cash-strapped Nigeria, it may not matter if oil prices top $100 per barrel this year, not with a controversial…

2022 budget: Nigeria to spend N3trn on subsidy

The Nigerian National Petroleum Corporation (NNPC) has requested the Federal Executive Council (FEC), to approve N3…

Nigeria faces higher budget deficit on revived subsidy

Nigeria's Federal Government budget deficit in 2022, already tipped to top public estimates, will rise further with…

No worries over capital flight – CBN

Nigeria’s economy will not be hit as the United States and other advanced economies aggressively move to normalise…

Energy

Husk Power Systems to deploy 500 mini-grids in Nigeria

Husk Power Systems, a clean energy company that has been at the forefront of fueling rural electrification since…

How Nigeria can ease subsidy removal pain

The Federal Government has said it is unwilling to inflict an additional burden on Nigerians as a major reason for…

Next-generation batteries get wet in dollar rains

On Tuesday, General Motors Co. announced the single biggest manufacturing investment in its history - $7 billion to…

Despite high oil price, Nigeria’s cost of borrowing spikes to highest level…

Nigeria’s oil industry woes are starting to capture the attention of bond investors according to Bloomberg. The…

Markets

Stock market dips by 1.12% as investors sell Dangote Cement, others

Nigeria equities market rerouted to the red zone on Thursday, January 27, declining by 1.12 percent or N281billion…

Nigeria’s Fixed Income, Currencies Markets turnover up 29.9% to N20.54trn

The turnover in the Fixed Income and Currencies (FIC) Markets in December 2021 was N20.54trillion, representing a…

Airtel, other stocks cause over N680bn gain on Nigerian Exchange

Nigeria’s equities market gained about N682billion on Wednesday as investors raised bet on stocks like Airtel…

Stocks see slight gain as CBN holds interest rate

Nigeria’s equities market closed slightly in green on Tuesday, rising by 0.02percent or N6billion as the Central…

Interview

Nigeria needs a global-thinking president from 2023 to lead her –…

On February 24, 2022 the Apostolic Round Table (ART) which was inaugurated in 2020 will be hosting another ART…

Regulators count on custodial services to protect investors – AACN…

BABATUNDE MAJIYAGBE, Vice President of the Association of Asset Custodians of Nigeria (AACN), speaks on a wide…

I am going to give Abia Central quality representation in 2023 – Ikoh

Henry Ikoh, from Ahuwa Oboro in Ikwuano Local Government Area of Abia State, is a former commissioner for Industry…

‘Pilots, engineers should not limit themselves to flying, repairing…

MODIBBO ALKALI MAHMUD is the Rector, Nigerian College of Aviation Technology (NCAT), Zaria. In this interview with…

Compaines

Domino’s Pizza rewards customer with trip to AFCON final

In a bid to reward customers during the AFCON 2021 tournament, Domino's Pizza Nigeria, one of the country’s leading…

FCMB Group grows full year pre-tax profit by 9.2% to N24bn

FCMB Group Plc sustained its impressive performance last year by earning N208.5 billion in gross revenue for the…

FIRS says achieves over 100% of 2021 collection target

The Federal Inland Revenue Service (FIRS) said it achieved over 100 percent of its collection target for the year…

WACOT Rice says to complete expansion of 120,000-ton mill in 15 months

WACOT Rice Nigeria Limited, a subsidiary of Tropical General Investments (TGI) Group, has disclosed that the…

Politics

Musa vows to end APC crisis, lead party to victory in 2023

As the February 26 National Convention of the All Progressives Congress (APC) inched closer, an aspirant for the…

Adamawa Governor commissions 9.7km road in Oyo State

Governor Seyi Makinde of Oyo State on Thursday, joined by his Adamawa State counterpart, Governor Ahmadu Fintiri to…

2023: Progressive youth hold parley to deepen youth inclusion in politics

All is now set for Saturday’s Progressive Youths parley between young business stakeholders and political aspirants…

PDP group backs Senator Sandy’s guber ambition

Ahead of the 2023 general election, Reclaim Cross River a political support group with the vision of restoring the…

Women in Business

Bukkie Adeyemi Adewuyi, Vice President, Internal Audit at Prospera Credit…

Bukkie is a business leader with over 18 years of consulting and audit experience. In her past role with SNG Grant…

Ibilola Amao, Principal Consultant, Lonadek Global Services

Ibilola Amao is the Principal Consultant of Lonadek Global Services Lonadek is a multi-award-winning, woman-owned,…

Inimfon Etuk, Founder She Forum Africa

Inimfon Etuk is a versatile and resilient person driven by purpose and a plan. A 2015 alumna of the International…

Adenike Olumide- Emmanuel, MD/CEO at Shea Baby Brand

Adenike Olumide-Emmanuel, is an entrepreneur and a young global leader with several years of productive experience…

Toon of the Day

Podcast

Life + Art

Tony Elumelu C.O.N wins Inspiring Woman Series ‘He For She’…

10th of December 2021 was the celebration of the 10th anniversary of Inspiring Woman Series, and one of the…

Streaming vs cinemas: How Nollywood can thrive

Nigeria’s over 100 million internet subscribers may not fit into the about 70 cinemas across the country or even be…

Shatta-Burna Boy feud: Ajisebutu urges African artists to unite

Following recent rifts between Nigerian and Ghanian music artists, Ayo Manuel Ajisebutu, an entrepreneur and…

Nigerian Breweries sponsors major #DettyDecember Concerts for Christmas

The memories of Christmas still lingers as Nigerian Breweries, supported musical concerts that took place across…

Africa

UK’s DFI surpasses £2bn investment pledge in Africa

CDC Group, the UK’s development finance institution, on Thursday announced that it had exceeded its 2020 commitment…

US billionaire opens vaccine manufacturing plant in South Africa

U.S. billionaire and founder of NantWorks, a multinational biotechnology firm, Patrick Soon-Shiong and South…

Africa in race to buy Pfizer’s COVID-19 pills

The Africa Centres for Disease Control and Prevention is seeking to work with Pfizer to supply its COVID-19 oral…

Tanzania’s $1.9bn with Turkey to deliver 368km of rail tract

Tanzania is turning away from China as it seeks to rebuild its vital railway links and has instead turn to Turkey…

World

IMF downgrades 2022/2023 global economic forecast amid “multiple…

The International Monetary Fund (IMF) in its recent World Economic Outlook (WEO), downgraded the global economic…

Pressure mounts for Boris Johnson to go as Police investigators move in

British police will investigate alleged lockdown breaches at Prime Minister Boris Johnson's Downing Street…

Impeachment managers present powerful case against Trump’s impeachment…

On the second day of the impeachment trial of former US President Donald Trump, on Wednesday, House Impeachment…

US 5G problem: Airlines worldwide hasten to change flights

Airlines across the world rushed on Wednesday, January 19 to cancel or change flights heading into the United…

Recent

COLUMNISTS

OPINION

In Other News

Today's E-paper

2021 IN REVIEW: Four force majeures that shut down Nigeria’s oil production in…

Nigeria’s struggles to stem falling oil production suffered four major force majeure in 2021. They happened for…

Industry to see uniform reporting of PFAs’ performance

In 2022, contributors and retirees would begin to see clearly the difference in performance of all the registered…

Ukraine crisis: Macron seeks dialogue with Russia

Emmanuel Macron, the President of France is preparing to hold talks with Vladimir Putin, the Russian President in…

Group backs Sani Musa to emerge APC nat’l chair

The Niger State APC Progressives Vanguard has pledged their support for Mohammed Sani Musa to become the national…

CLIMATE/ ENVIRONMENT

How to unlock, mobilise private capital for climate change action

As the world faces extreme weather conditions that underpin climate change, the need to mobilise private capital…

Global coal demand set to hit new high stirring fresh climate concerns

One month after the world pledged to abandon coal at COP 26, global demand for the commodity is set to hit an…

Climate change: Businesses, Nonprofits leading momentum towards net-zero

The enthusiasm among non-Party stakeholders around the globe towards achieving a net-zero, resilient future…

Days after COP26 deal, oil producers angle to pump more

While the ink on which the climate change agreement was written has barely dried, oil producers gathered at a…

Coronavirus

COVID-19: Nigeria missing as South Africa, Kenya, Egypt to produce Merck…

Nigeria is missing on the list of African countries that have been selected in a landmark deal to produce low-cost…

Africa in race to buy Pfizer’s COVID-19 pills

The Africa Centres for Disease Control and Prevention is seeking to work with Pfizer to supply its COVID-19 oral…

Why Lagos ranks low despite hitting highest COVID-19 vaccination volume

Rating the fraction of the target population vaccinated over the absolute amount of individuals vaccinated from the…

COVID-19: WHO to decide on extending public health emergency

The World Health Organisation (WHO) will consider whether to extend the global public health emergency on Thursday…

COVID-19 VACCINE TRACKER

BD Weekender

Who needs a brand culture?

Brand culture is a type of company culture that is completely aligned with a brand. It is also referred to as…

Premium

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…

Podcast

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More Stories

Adamawa Governor commissions 9.7km road in Oyo State

Governor Seyi Makinde of Oyo State on Thursday, joined by his Adamawa State counterpart, Governor Ahmadu Fintiri to…

Lekki Gardens bags ISO 9001:2015 quality management system certification

Lekki Gardens Estate Limited, Nigeria’s foremost indigenous property development company, has joined the league of…

Washington unmasks Nigeria

At the moment, there is a lot of noise in the land. This is to be expected since 2022 is a pre-election year. Amid…

Six persons injured in helicopter accident in Bauchi

The Accident Investigation Bureau, AIB, has disclosed that six people were seriously injured in a helicopter…

Emefiele wants manufacturers to reduce price of building materials

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Thursday urged manufacturers to reduce the price…

Police arraign Ebonyi PDP chieftain over ‘false publication’

The police on Thursday arraigned the publicity secretary of the People’s Democratic Party (PDP), Ebonyi State,…