BusinessDay

Ticker Tape by TradingView

Nigeria Equities Market:   Top gainers: NAHCO (+10.0%) , FCMB (+9.8%) and IKEJAHOTEL (+9.4%) ,   Top losers: ABCTRANS (-6.6%), JAIZBANK (-5.5%) and STANBIC (-3.3%).

TOP STORIES

Food, fuel, others gulp $14.5bn amid dollar scarcity

Amid lingering dollar scarcity, the amount of foreign exchange used by Nigeria for food, fuel and other imports jumped by 45 percent in the first half of this year compared to the same period last year. The country spent $14.5 billion on imports…

Recent

Columnists

Opinion

NEWS

Today's E-paper

Report on voting pattern

Politics

Insecurity: Will the military fervor in Owo check killings in Nigeria?

In the last few weeks, Nigerians have been regaled with news about arrest of the masterminds of the Owo killings.…

Gbadebo Rhodes-Vivour emerges Labour Party Lagos guber candidate

Gbadebo Rhodes-Vivour on Wednesday night won the rescheduled governorship primary of the Labour Party in Lagos…

Wike threatens block vote against those who ‘despise’ Rivers…

Gov Nyesom Wike who is still furious over his being overlooked as both the presidential candidate of his party and…

NASS seeks protection of legislature to sustain democracy

The management of the National Assembly has called on Nigerians and all lovers of democracy to protect the…

Cost of Living Crisis

Inflation hits Nigerians’ favourite breakfasts

Bread, akara (baked beans), indomie, egg and tea are favourite for breakfast for most Nigerians. But the…

MSMEs’ survival threatened as cost of doing business soars

The rising cost of living is heaping fresh pressure onto small business owners, with nearly two-thirds believing…

RUSSIA - UKRAINE CONFLICT

UN report shows magnitude of war’s toll on Ukrainian civilians

The UN Human Rights Office has outlined a litany of abuses and possible war crimes carried out by Russian forces in…

How Russia-Ukraine war may stress Nigerians, others beyond 2022

There are fears that the Russia-Ukraine war will likely drive economic instability in Nigeria and other countries…

VOTER CARDS REGISTRATION TRACKER

Big Story

Businesses incur billions in demurrage as Customs processes drag

Amaka Anagor

How importers struggle to navigate Customs bottlenecks

Amaka Anagor

Singapore, Rwanda, Kenya’s electronic single window hold lessons for…

Amaka Anagor

Coronavirus Watch

Only 24.4% of eligible Nigerians vaccinated so far- FG

Anthony Ailemen

COVID-19 vaccine supply now sufficient but demand lacking – WHO

Godsgift Onyedinefu

COVID-19 cases rise in Africa driven by South Africa – WHO

NAN

Videos

The ‘bad’, bad & ugly: Four charts showing Nigeria’s…

The "bad", bad & Ugly: Four charts showing Nigeria's fiscal performance between January & April 2022

Cocoa’s rise and fall as Nigeria’s top export

Cocoa was one of the main sources of income in Nigeria prior to Independence, but that changed following the exportation of crude oil in…

Jailbreaks in Nigeria since 2016: Timelines and numbers

Jailbreaks in Nigeria since 2016: Timelines and numbers

Olawale Fasanya, SMEDAN’s DG/CEO, is committed to helping SMEs grow

OLAWALE FASANYA, SMEDAN’s DG/CEO, is committed to helping SMEs grow

How to make money from stocks amid rising interest rates

How to make money from stocks amid rising interest rates

Watch how to calculate your personal inflation rate

How to Calculate Your Personal Inflation Rate

Animation: Comparing Nigeria’s economy in 2015 and 2022

The comparison of total debt, the cost of a plane ticket, the cost of household items (palm oil, gas, four, pasta, bread, fish, rice),…

Nigeria Eurobonds near junk, shut out of debt market

Nigeria Eurobonds near junk, shut out of debt market

Buhari rebuked for saying Nigerians better off today than in 2015

Buhari gets the rebuke for saying Nigerians better off today than in 2015

Video: Tinubu’s convoy attracts attention

The numbers that show outsized role of oil in Nigeria’s economy

In the first quarter of 2022, Nigeria’s oil and gas sector led in volume and value of imports and exports, accounting for nearly 88 percent…

Watch ‘Father’s Land’, the story of Indians in Nigeria

Devesh Uba, an Indian - who lived in Lagos, Nigeria - tells a story Indian families who've been settled in the economic capital of Nigeria…

BD Weekender

Three Black Women’s Stories in Sweden-A Review of Akinmade…

Titilade Oyemade
Title: In Every Mirror She is Black Author: Akinmade Åkerström Publisher: Parresia Publishers Year of…

Geely the Giant!

KayodeLagos
Here is how Geely became one of the top ten car manufacturers in the world Geely, a private automobile…

5 Ways To Improve Your Company’s Internal Communications

Feyisitan Ijimakinwa
By now, I hope anyone who is a regular follower of this column understands the importance of effective marketing…

How to make cherry pie

BusinessDay
INGREDIENTS: 4 and 1/2 cups halved & quartered pitted fresh cherries 2/3 cup (135g) granulated sugar…

Sponsored

TECNO bringing forth magic in collaboration with ABG Tiwa Savage

Sponsored Post
The Camon 19 train is not over. According to credible sources, TECNO is unveiling another variant to join the Camon…

Nigerian graduate set to transform and save lives in home country

Sponsored Post
Graduates from a leading UK university who missed out on in-person graduation celebrations due to the pandemic are…

Project Empower: Fueling a Skill-Driven Economy

Sponsored Post
Economies the world over are powered by businesses that provide jobs for citizens and pay taxes to the government,…

Leveraging digital engagement channels to help enhance tax compliance, IGR…

Sponsored Post
Nigeria’s thirty-six federating states achieved a 38.5% Internally Generated Revenue (IGR) growth at the national…

Technology

How we grew into one of the largest photographers’ communities on…

Frank Eleanya
Gregory Adedayo Akinlotan, who is the community leader of the Nigerian Photographer’s Hub community on Facebook in…

Ogun digital summit: DG NITDA harps on innovation as a tool to create a…

Joseph Johnson
In a bid to achieve it's ambitious traget of 95 percent Digital Literacy by 2030, the Director-General, National…

NITDA kick-off 2022 e-Government Capacity Building Programme Nationwide

Nneka Blessing Ukachukwu
In continuation of the implementation of the e-Government Master Plan and the National Digital Economy Policy and…

Flutterwave recruits 200 trainees in fresh expansion drive

Ebunoluwa Ladipo
Flutterwave, a payments technology company, has completed the recruitment process for its inaugural Graduate…

Economy

Nigerian manufacturers groan as gas supply constraints threaten operations

Isaac Anyaogu
Manufacturers are struggling to keep their plants running on account of acute shortage of gas supply arising from…

Yield on CBN’s N19trn overdraft to 100-year bond unattractive —…

Favour Ashinze
Analysts have expressed concern over the suggestion by governors that the debt owed by the federal government to…

Food, fuel, others gulp $14.5bn amid dollar scarcity

Amid lingering dollar scarcity, the amount of foreign exchange used by Nigeria for food, fuel and other imports…

Nigeria’s T-bills yield worst among Kenya, Egypt, others

Opeyemi Kalejaiye
Africa’s largest economy, Nigeria, has the highest treasury bills(T-bills) negative rate of return when compared to…

Energy

PC renews five oil bloc licenses, expects to unlock $500bn

Oladehinde Oladipo
The Nigerian National Petroleum Company (NNPC) Limited has signed a contract extension with its partners for five…

Seplat Energy refutes media reports on withdrawal of ministerial consent

Abubakar Ibrahim
Seplat Energy Plc has refuted reports published in the Nigerian media that the ministerial consent the firm…

OPEC, IEA disagree on 2022 oil demand growth

Oladehinde Oladipo
In separate outlook reports about the world oil market, the International Energy Agency (IEA) and Organisation of…

Nigerian manufacturers groan as gas supply constraints threaten operations

Isaac Anyaogu
Manufacturers are struggling to keep their plants running on account of acute shortage of gas supply arising from…

Markets

Stock investors lose over N570bn in sell-pressured week

Iheanyi Nwachukwu
In the trading week ended Friday August 12, Nigeria's equities market decreased by 2.09 percent or about…

Investors lose N33bn as market reroutes south

Iheanyi Nwachukwu
Nigeria's equities market on Thursday failed to sustain previous day's gain, despite earlier expectations of…

Market sees first positive close this week as Dangote Cement leads…

Iheanyi Nwachukwu
Nigeria’s stock market on Wednesday recorded its first gain this week as Dangote Cement Plc led the advancers…

Market hits new low as Dangote Cement, others drive over N600bn loss

Iheanyi Nwachukwu
The stock market of Africa’s largest economy reached a new low by 2.26percent on Tuesday as largest cement maker…
women's hub
See Past Editions
Download
Download
screenshot_20210129-162433
Download
weekender
See Past Editions

Interview

How Onuoha built a system that coordinate MSMEs operations, track growth

Chinwe Michael
Chinedu Onuoha is the founder of Kashia, a digital financial data platform that assists macro and…

Meet Duro Kuteyi, an innovative food technologist

Charles Ogwo
Duro Kuteyi is a renowned food technologist and the managing director of Spectra Industries Limited, a firm…

Government at all levels must budget for health emergencies – Nsofor

Josephine Okojie
IFEANYI NSOFOR is the senior new voices fellow at the Aspen Institute in Washington DC. In this interview with…

Ononuju Irukwu – Head, Private Banking, FBN Bank (UK) Limited

Kemi Ajumobi
Ononuju Irukwu is an investment management professional with over two decades of experience in investment…

Companies

Parthian Partners issues N10bn bond to increase liquidity in debt market

Hope Moses-Ashike
Parthian Partners Limited on Tuesday announced the successful issuance of its debut N10 billion 3-year Fixed Rate…

FirstBank celebrates youth week

Charles Ogwo
First Bank of Nigeria (FBN) Limited has announced plans to commemorate the 2022 International Youth Day. The day…

Mouka rewards business partners to enhance trade, assures enduring…

Seyi John Salau
Mouka, Nigeria’s leading manufacturer of mattresses, pillows, and other bedding products, recently rewarded its…

Eterna appoints Benjamin Nwaezeigwe as substantive Chief Executive Officer

Iheanyi Nwachukwu
Benjamin Nwaezeigwe has been appointed as the substantive Managing Director/Chief Executive Officer of Eterna Plc…

CLIMATE/ ENVIRONMENT

Nigeria commits to UN water treaty

Josephine Okojie
Africa’s most populous country has taken a significant step towards ensuring the sustainable management of its…

How to curb the flood menace in Lagos

Chinedu Ndigwe
As the rainy season emerged during the first week of March, residents of Satellite Town, Lagos have been troubled…

Reps ask NNPC to put out ‘unending’ fire at Caritas University

James Kwen
The House of Representatives has called on the Nigerian National Petroleum Company Ltd (NNPC) and its subsidiaries,…

Buhari to attend Commonwealth conference on governance, climate change in…

Godsgift Onyedinefu
President Muhammadu Buhari will lead a Nigerian delegation to participate in the Commonwealth Heads of Government…

Toon of the day

The Unification Conference

Podcast

Life + Art

Naira woe: It’s time to look inwards this summer

Emelike Obinna
As the high exchange rate, exorbitant airfares and rising hotel accommodation bills discourage long-distance flyers…

Anthony Agenmonmen announces the inaugural Nigerian Marketing Awards

Anthony Udugba
Marketing is a necessary operation for any business looking to take a leap toward success and as a crucial branch…

Director of ‘Blood sisters’ Biyi Bandele is dead

Usoro Glory Esther
Biyi Bandele, the director of 'Blood Sisters,' has passed away. According to a statement released on Monday by his…

Fozter wins Boomplay ‘Pass the Mic Rap’ competition

Amaka Anagor
After several intense battle rounds and an eclectic display of creativity, Fozter Nnamdi Chima, a talented…

Africa

US outlines new sub-Saharan Africa policy

Iwok Iniobong
The United States has outlined new strategy for sub-Saharan Africa targeted at boosting economy and deepening…

AfDB to help Ivory Coast achieve all-inclusive economic growth

Kelvin Okojie
The African Development Bank (AfDB) has promised to continue its partnership with the government of Ivory Coast and…

Why Kenya’s hospitality sector attracts global capital amid pandemic effect

Chuka Uroko
For reasons ranging from recoveries to increased domestic tourism, and friendly environment for foreign investors,…

Buhari urges ECOWAS leaders to imbibe democratic culture

Anthony Ailemen
President Muhammadu Buhari Tuesday in Monrovia, Liberia called on leaders in West Africa to do all within their…

World

African Union, others condemn Israel’s attack on Gaza

Faith Omoboye
The recent attack on Gaza by Israeli forces has met widespread condemnation from African countries. Moussa Mahamat,…

Blinken visits South Africa, two others in new Africa tour

Faith Omoboye
Antony Blinken, US Secretary of State, has arrived in Africa for his three-nation tour of the continent. He arrived…

Earth spinning faster than ever

Damilola Odifa
Scientists are saying that the earth is spinning faster than 24 hours. The UK’s National Physical Laboratory has…

America stands with Taiwan – Nancy Pelosi

Faith Omoboye
US lawmaker Nancy Pelosi has ended her Taiwan visit. She had arrived on Tuesday evening in Taipei alongside some…

Top Stories

PC renews five oil bloc licenses, expects to unlock $500bn

Oladehinde Oladipo
The Nigerian National Petroleum Company (NNPC) Limited has signed a contract extension with its partners for five…

Nigeria’s gas flares lowest since 2012 as use increases

Food, fuel, others gulp $14.5bn amid dollar scarcity

Recent

Five things to know to start your Saturday

Three Black Women’s Stories in Sweden-A Review of Akinmade…

5 Ways To Improve Your Company’s Internal Communications

What to know about 12 Nigerian states owing salaries

COLUMNISTS

Our collective Nollywood, Apostle Suleiman and bras and…

Eugenia Abu

No choir boys in politics – the travails of President…

Femi Olugbile

How to attract the right leadership team (1)

Toye Sobande

Caring for your people (2)

Olamide Balogun

Why conduct a test in the classroom?

Dr Ganiu Bamgbose

Today's E-paper

OPINION

Walking the tightrope: Party interest or personal ambition?

Augusta Nneka

Infringing the rights of others in a civil manner

Olusegun Fashakin

2023 presidential election: Can we get it right?

Chiedu Uche Okoye

News

How to make cherry pie

BusinessDay
INGREDIENTS: 4 and 1/2 cups halved & quartered pitted fresh cherries 2/3 cup (135g) granulated sugar…

News Roundup: Covid-19 increases Africa’s unemployment rate by 8.9%,…

Big Story

Businesses incur billions in demurrage as Customs processes drag

Amaka Anagor
Businesses in Nigeria that depend on imports for production inputs are losing billions of naira yearly to demurrage…

How importers struggle to navigate Customs bottlenecks

Politics

Insecurity: Will the military fervor in Owo check killings in Nigeria?

In the last few weeks, Nigerians have been regaled with news about arrest of the masterminds of the Owo killings.…

Gbadebo Rhodes-Vivour emerges Labour Party Lagos guber candidate

Gbadebo Rhodes-Vivour on Wednesday night won the rescheduled governorship primary of the Labour Party in Lagos…

Wike threatens block vote against those who ‘despise’ Rivers…

Gov Nyesom Wike who is still furious over his being overlooked as both the presidential candidate of his party and…

Stock investors lose over N570bn in sell-pressured week

Iheanyi Nwachukwu
In the trading week ended Friday August 12, Nigeria's equities market decreased by 2.09 percent or about…

$1.3bn Exxon Mobil/ Seplat Energy deal: I wasn’t consulted –…

Seplat Energy refutes media reports on withdrawal of ministerial…

Flutterwave recruits 200 trainees in fresh expansion drive

TOON OF THE DAY

The Unification Conference

FG presses for access to finance for 39,000 Niger Delta youths, women through…

Ignatius Chukwu
The Federal Government is said to press on with its plans to create access to almost 39,000 youths and women in the…

Nigeria Falconets edge out French ladies, secures maximum 3points

Reducing Africa’s poverty hinges on youth’s education- Experts

Electrical fault caused fire outbreak in NASS – Agada

Cost of Living crisis

Inflation hits Nigerians’ favourite breakfasts

Bunmi Bailey
Bread, akara (baked beans), indomie, egg and tea are favourite for breakfast for most Nigerians. But the…

MSMEs’ survival threatened as cost of doing business soars

Coronavirus

Only 24.4% of eligible Nigerians vaccinated so far- FG

The federal government on Monday said the present record of only 24.4% of the total eligible population fully…

VOTER CARDS REGISTRATION TRACKER

BD Weekender

Three Black Women’s Stories in Sweden-A Review of Akinmade Åkerström’s In…

Titilade Oyemade
Title: In Every Mirror She is Black Author: Akinmade Åkerström Publisher: Parresia Publishers Year of…

Geely the Giant!

5 Ways To Improve Your Company’s Internal Communications

How to make cherry pie

Start-Up Journal

How Onuoha built a system that coordinate MSMEs operations, track growth

Chinwe Michael
Chinedu Onuoha is the founder of Kashia, a digital financial data platform that assists macro and…

Meet Duro Kuteyi, an innovative food technologist

Meet Onanuga, entrepreneur maximising e-commerce gains

Videos

The ‘bad’, bad & ugly: Four charts showing Nigeria’s fiscal…

BusinessDay
The "bad", bad & Ugly: Four charts showing Nigeria's fiscal performance between January & April 2022

Cocoa’s rise and fall as Nigeria’s top export

Jailbreaks in Nigeria since 2016: Timelines and numbers

Olawale Fasanya, SMEDAN’s DG/CEO, is committed to helping SMEs grow

TECNO bringing forth magic in collaboration with ABG Tiwa Savage

Sponsored Post
The Camon 19 train is not over. According to credible sources, TECNO is unveiling another variant to join the Camon…

Nigerian graduate set to transform and save lives in home country

Project Empower: Fueling a Skill-Driven Economy

Leveraging digital engagement channels to help enhance tax compliance,…

Shop for all types of women shoes at UrbanVibes London

Interview

How Onuoha built a system that coordinate MSMEs operations, track growth

Chinwe Michael
Chinedu Onuoha is the founder of Kashia, a digital financial data platform that assists macro and…

Meet Duro Kuteyi, an innovative food technologist

Government at all levels must budget for health emergencies – Nsofor

Technology

How we grew into one of the largest photographers’ communities on Facebook…

Frank Eleanya
Gregory Adedayo Akinlotan, who is the community leader of the Nigerian Photographer’s Hub community on Facebook in…

Ogun digital summit: DG NITDA harps on innovation as a tool to create…

NITDA kick-off 2022 e-Government Capacity Building Programme…

Flutterwave recruits 200 trainees in fresh expansion drive

Tizeti eyes expansion in Nigeria, others to boost digital access

Economy

PC renews five oil bloc licenses, expects to unlock $500bn

Oladehinde Oladipo
The Nigerian National Petroleum Company (NNPC) Limited has signed a contract extension with its partners for five…

Seplat Energy refutes media reports on withdrawal of ministerial…

OPEC, IEA disagree on 2022 oil demand growth

Nigerian manufacturers groan as gas supply constraints threaten…

Nigeria’s gas flares lowest since 2012 as use increases

Markets

Stock investors lose over N570bn in sell-pressured week

Iheanyi Nwachukwu
In the trading week ended Friday August 12, Nigeria's equities market decreased by 2.09 percent or about…

Investors lose N33bn as market reroutes south

Market sees first positive close this week as Dangote Cement leads…

Market hits new low as Dangote Cement, others drive over N600bn loss

Ardova, Coronation Insurance, C&I Leasing, 9 others pay N78.6m…

Premium

PC renews five oil bloc licenses, expects to unlock $500bn

Oladehinde Oladipo
The Nigerian National Petroleum Company (NNPC) Limited has signed a contract extension with its partners for five…

Nigeria’s gas flares lowest since 2012 as use increases

Food, fuel, others gulp $14.5bn amid dollar scarcity

Fake bank alerts put small businesses at risk

Nigeria’s T-bills yield worst among Kenya, Egypt, others

Africa

South Africa license first locally produced rapid antigen test kit for Covid

Our Reporter
South Africa’s Health Products Regulatory Authority (Sahpra) has approved the first locally developed antigen test…

South African scientists lash out at countries imposing travel bans…

Omicron variant: AfDB postpones Africa investment forum

Danish military kills four pirates off Nigeria coast

Businessday Investigates

Poor hearts in barrels of harmful oils

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

Podcast

Women In Business

Ononuju Irukwu – Head, Private Banking, FBN Bank (UK) Limited

Kemi Ajumobi
Ononuju Irukwu is an investment management professional with over two decades of experience in investment…

Nnenna Onyewuchi – Co-Founder/Chief Growth Officer, Halo Invest

Bunmi Bajomo (PhD) – Head, Group Corporate Bank/COO, Corporate…

Tokunbo Ifaturoti – Independent Contractor, Project, Change…

Magazines

More Stories

Insecurity: Will the military fervor in Owo check killings in Nigeria?

Zebulon Agomuo
In the last few weeks, Nigerians have been regaled with news about arrest of the masterminds of the Owo killings.…

Five things to know to start your Saturday

Kelvin Okojie
Social media won’t win Obi the election, says Dino Melaye Senator Dino Melaye, the spokesman of the Atiku Campaign…

Three Black Women’s Stories in Sweden-A Review of Akinmade Åkerström’s In Every Mirror She is Black

Titilade Oyemade
Title: In Every Mirror She is Black Author: Akinmade Åkerström Publisher: Parresia Publishers Year of…

Geely the Giant!

KayodeLagos
Here is how Geely became one of the top ten car manufacturers in the world Geely, a private automobile…

5 Ways To Improve Your Company’s Internal Communications

Feyisitan Ijimakinwa
By now, I hope anyone who is a regular follower of this column understands the importance of effective marketing…

How to make cherry pie

BusinessDay
INGREDIENTS: 4 and 1/2 cups halved & quartered pitted fresh cherries 2/3 cup (135g) granulated sugar…