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Coronavirus: Patient flew into Nigeria via Turkish Airline

Lagos State has confirmed that the Italian national responsibility for the first recorded case of the deadly Coronavirus disease (COVID-19) in Nigeria, arrived the Lagos international airport onboard a Turkish Airline on Monday, February 24, before making his way to Ogun State on short business trip. The state governor, Babajide Sanwo-Olu, who is the chief incident commander in the efforts to…

Saudis seek bigger oil cut as Coronavirus slashes demand

Saudis seek bigger oil cut as Coronavirus slashes demand Saudi Arabia is pushing for a far more substantial cut in oil production when OPEC and its allies meet next week, as global energy producers scramble to respond to the Coronavirus outbreak that has crippled oil demand. The Kingdom is asking cartel members as well as partner Russia to sign up to a collective production cut of an…

Lagos working to identify contacts of first confirmed Coronavirus case in Nigeria involving Italian

Lagos State government is working to identify all the contacts of the first confirmed Coronna virus case involving an Italian in Lagos, the commissioner for health has said. The case was confirmed on February 27, 2020. It is the first case to be reported in Nigeria since the outbreak in China in January 2020. The Italian citizen entered Nigeria on the Feburary 25 from Milan, Italy for a…

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Sustainability of CBN’s unorthodox policies doubtful

Since 2016, the Central Bank of Nigeria (CBN) has resorted to unorthodox policies and strategies to fix monetary…

Unseemly pressure on the Supreme Court with political cases

What is the latest joke among the nation’s leading political parties? It is to sue for a review of cases upon which…

Red alert ahead Edo 2020 guber elections

Elections in Nigeria always draw out the bad sides of our politicians, but every stakeholder must take note and…

Cracks on the Rock

Confusion over who should direct the national security of Nigeria is a threat to the country. It should not be…

Wealth And Investing

Bitcoin halving in few weeks might create new crypto-millionaires. Here’s why gains may…

The world of cryptocurrency is counting down to an event, as rare as leap years that could boost Bitcoin price and possibly create new millionaires. First Things First The Bitcoin halving is due to…

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Insight

Infograph of the week (UNPACKING LATEST GDP NUMBERS)

Highlights

Women in Business

“How I have been able to Sustain my Business” – Ibukun…

On THE EXCLUSIVE with Kemi Ajumobi,  Editor of the Women's Hub will share the stories of high profile Nigerians.…

“How I have been able to Sustain my Business” – Ibukun…

On THE EXCLUSIVE with Kemi Ajumobi,  Editor of the Women's Hub will share the stories of high profile Nigerians.…

Women in Business: Hadiza Bala Usman

Hadiza Bala Usman (born January 2, 1976) is a Nigerian politician who since 2016 is serving as the Managing…

Women in Business: Yvonne Ike

Yvonne Ike is a managing director and head of Sub Saharan Africa (Ex-RSA) at Bank of America Merrill Lynch. Bank…

Sponsored

Abbey strategic deal with VFD to facilitate bank’s growth plan,…

Abbey Mortgage Bank Plc has announced that the strategic partnership with VFD Group Plc would enable the company…

Leading with Personal Impact during Slow Growth in Lagos

As you know, the operating context of Nigeria is currently characterised by volatility and dynamism but offers a…

CSL Stockbrokers appointed as new stockbroker to Federal Government

CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal…

Companies

FG mulls forensic audit of DISCOs’ account

...Says Govs approved withdrawal of $250m from Excess Crude Account

Reps order probe of slow work on N150bn Lagos-Ibadan expressway, others

The House of Representatives has ordered investigations into the slow pace of work on the N150 billion Lagos-Ibadan…

Konga projects $10million daily turnover by 2024

Popular e-commerce outfit, Konga has revealed that the business is aggressively working towards hitting the $10…

Economy

Why Nigeria’s industrial clusters are losing traction  

The state of Nigeria’s clusters raises more questions than answers. Many of the clusters are hard hit by poor road…

Nigeria Approves $268 Million to Back Entrepreneurs, Innovators

Nigeria approved disbursing $268 million in funding to support agricultural entrepreneurs and young technology…

Border closure: Nigeria stands to benefit more from inter regional trade –…

Nigeria stands to benefit more from inter-regional trade because we are a bigger country and the largest economy in…

Energy

Updated: FG mulls forensic audit of DISCOs account

Following dissatisfactions with reported claims of current level of investments in the electricity sector by the…

FG mulls forensic audit of DISCOs’ account

...Says Govs approved withdrawal of $250m from Excess Crude Account

Angola to privatise state oil firm but Nigerian government keeps grip on…

Sonangol is expected to sell stakes in more than 72 non-core ventures and to transform into an operator rather than…
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Politics

Police foils anti Oshiomhole protest at APC headquarters

A detachment of the Nigeria Police has foiled a planned protest against the National Chairman of the All…

Bauchi gov, Bala Mohammed chairs committee to review PDP’s lost in…

The People's Democratic Party (PDP) on Thursday constituted a 14-man committee chaired by Bauchi state governor, …

Party Congress: Tambuwal Charges PDP to Uphold Fairness, Transparency

The Chairman of the People's Democratic Party Governors Forum (PDP-GF), Gov. Aminu Waziri of Sokoto State has…

Kogi High Court declares Achuba’s impeachment unconstitutional

A High Court sitting in Lokoja, Kogi State capital on Thursday declared the impeachment of the former deputy…

Life and Culture

Africa partners UNWTO on tourism investment, security

Tourism ministers across the African continent are seeking further partnerships with the United Nations World…

‘2020 is a year of acceleration for Radisson Hotel Group’

The last four years have recorded strong growth for the Radisson Hotel Group in Africa. Within the…

Man Enough showing at Terra Kulture Arena every Sunday in February

Man Enough is the voice of man crying to be heard, yelling to be saved from a world that thinks he is ‘Super Man’;…

Tourism’s role in rural development across Africa highlighted at 11th…

The role of tourism and investment in African development took centre stage at the FITUR travel fair in Madrid,…

Technology

Unstable electricity could derail Nigeria’s commercial 5G deployment

Nigeria's poor electricity supply could be the biggest hindrance to deploying 5G technology at a commercial level,…

SMW2020: Despite challenges, Nigeria will not relent in preparing for 5G

The Nigerian Communications Commission (NCC) has said that Nigeria will continue to press on and prepare for the…

Telcos bemoan challenges resulting drop calls, poor service quality

Telecommunication network service providers in Nigeria are urging the Federal Government to wade in and find…

‘Digital agriculture is new way to survive population growth’

While Nigeria’s population is disproportionately growing and has become a constant source of concern for policy…

Market Intelligence

Nigerian billionaire Chart

Forbes recently released its annual exclusive billionaires ranking with only 4 Nigerians, Aliko Dangote, Mike…

Why investors shouldn’t lose hope on a dividend rally this year

Hopes for a dividend rally this year is gradually fading away after the Nigerian Stock Exchange All Share Index…

Investors to receive boost from Zenith Bank’s robust dividends

Investors will receive much in dividend income from Zenith Bank Nigeria Plc’s stock than its peer rivals as the…

Outflow from NSE continues for 2nd year in a row as foreign investors flee…

Foreign investors’ appetite for Nigerian securities appears to be abating as foreign outflows from Nigeria’s…

Financial Times

Fuel-cell producers jump on new hydrogen ‘hype cycle’

Hydrogen-linked stocks have raced to their strongest levels in more than a decade, as investors bet that efforts to…

Disney defends new big cheese at the Mouse House

Walt Disney has spent the past three years making a high stakes transition to online streaming, as the century-old…

Democratic rivals pummel Bernie Sanders during TV debate

Bernie Sanders came under heavy fire in the Democratic debate in Charleston, as the party’s other presidential…

Hunt for next chiefs puts Europe’s banks to test

European banks are facing tough questions about succession planning and corporate governance as they scramble to…

Lead Stories

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Businessday Investigates

Customs, police, army using fake document to extort farmers – Federal agency implies

Some officers of the Nigeria Customs Service (NCS), Nigeria Police, and the Nigerian Army have been at the centre…

Columnists

Short Takes

These are the 10 biggest worries about the economy for Nigerian business leaders 

Fears of a sluggishly recovering economy topped the list of Nigerian corporate leaders’ concerns coming into 2020.…

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Whynigeria is broke (1)

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Oil falls to 3-year low as Nigeria’s headache worsens  

Oil prices touched new lows Thursday, adding to a list of growing headaches for Africa’s largest oil producer.…

More worries for DisCos as FG approves forensic audit of accounts

The Federal Government on Thursday said it would carry out detailed forensic audit of the accounts of power…

In capping estimated billing, NERC avoids addressing failing metering programme

By placing a limit on how much electricity distribution companies (DisCos) can charge some classes of customers on…

Hope for farmers, agric productivity on tractor hailing service

Much as he desires tractors to till the ground and plough his farm, Ademola Adefemi, an Ogun State-based farmer,…

Women In Business

“How I have been able to Sustain my Business” – Ibukun Awosika,…

On THE EXCLUSIVE with Kemi Ajumobi,  Editor of the Women's Hub will share the stories of high profile Nigerians.…

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Companies & Market

Economy & Politics

Energy & Technology

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Financial Times

Fuel-cell producers jump on new hydrogen ‘hype cycle’

Hydrogen-linked stocks have raced to their strongest levels in more than a decade, as investors bet that efforts to…

More Stories

Nigeria has capacity to contain and prevent spread of Coronavirus – Health Minister

Nigeria, Africa's most populous nation, has the capacity to contain and prevent further spread of the Coronavirus,…

Unstable electricity could derail Nigeria’s commercial 5G deployment

Nigeria's poor electricity supply could be the biggest hindrance to deploying 5G technology at a commercial level,…

Dog in Hong Kong tests low positive to Coronavirus

The pet dog of a coronavirus patient in Hong Kong has been found to have a “low level” of the virus, the…

Saudis seek bigger oil cut as Coronavirus slashes demand

Saudis seek bigger oil cut as Coronavirus slashes demand Saudi Arabia is pushing for a far more substantial cut…