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Businessday Investigates

Covid-19 adds to misery of homeless Nigerians in Lagos

IBRAHIM ADEYEMI spent three nights with some homeless Nigerians in Lagos, to have a front-row…

Short Takes

Nigeria’s biggest beer makers record first loss in 7 years

Nigeria’s biggest beer makers posted their first combined loss in seven years in…

Here’re 5 issues Nigeria must pay urgent attention to avoid increasing poor population

With an economic growth that is too slow to create sufficient opportunities for…

Why financial literacy needs to be expanded in Nigeria

Many Nigerians who keep savings accounts do not have adequate knowledge on the…

PTF gives N1bn each to states to support Covid-19 fight

The Presidential Task Force (PTF) on Covid-19 Monday said 34 states across the country had received N1billion each…

COVID-19: Why we cannot celebrate drop in rates now- FG

Federal government on Monday said current drop in the cases of those who test positive for the Coronavirus is not a…

COVID-19: Edo govt directs civil servants to resume work Monday

The Edo State Government has directed civil servants from grade level 01-10 to resume work in their respective…

Nigeria not flattening COVID-19 curve as testing drops by 36% – NCDC

The Nigeria Centre for Disease Control (NCDC) has insisted the country is not yet flattening the COVID-19 curve,…

REST OF AFRICA

Nigeria, Congo are among worst hotspots for hunger – Bloomberg

The Democratic Republic of Congo and the continent’s giant, Nigeria are emerging as countries with the world’s…

Exporters explore sea option to reach West, Central African market

Nigerian non-oil exporters are tapping sea transport to reach the neighbouring west and central African markets as…

How have major African currencies performed this year?

Africa’s top currencies have been hit greatly this year as a result of the coronavirus pandemic, but the Egyptian…

Ghana’s treatment of Nigerian traders raises red flag ahead AfCFTA

The recent closure of shops belonging to Nigerian traders in Ghana highlights major hurdles to cross ahead of the…

COLUMNISTS

PREMIUM

Start-Up Journal

Ibe: Mobilising African entrepreneurs to tap $12bn digital opportunity

Like Tony Elumelu, young Just Omomo Ibe is mobilising African youths to re-think, re-focus and re-strategise while…

SunTrust walks lending talk as 6 SMEs get 46m each

SunTrust Bank is walking its talk of increasing lending towards Nigeria’s budding entrepreneurship projects with…

Meet Evelyn Aylor, entrepreneur simplifying baby-care for mothers

Evelyn Aylor is the founder of Pritty Little Packages, an online firm that teaches mothers useful hacks and tricks…

Survival of MSMEs imperative for economic rebound post-COVID-19 pandemic,…

Amid the COVID-19 pandemic that has battered the Nigerian economy, experts have called on the government to provide…

Sponsored

How do you get 10k followers on Instagram?

According to Stormlikes Review, you can get a lot of Instagram followers if you buy Instagram likes or buy…

Best Free Bitcoin Wallet Address In Nigeria – Cardtonic

Everyone knows trading bitcoin can not be separated from a bitcoin wallet address. Peradventure you do not know…

Huawei Connect 2020

Technologies like cloud, AI, and 5G are giving new momentum to digital and intelligent transformation, triggering…

Huawei Rack Servers Rank Third in Global Shipments

The 2019 Gartner report on the global server market has recently confirmed Huawei’s growing market strength.…

Top Videos

Nigeria’s food reserves are almost empty

AT the beginning of 2020, Nigeria had about 100,000 metric tonnes (MT) of different grains in the strategic food…

Become a Millionaire with Gold ETF in Nigeria

In the first episode of the Ultimate Money Show, Business Day’s Lolade Akinmurele talks about the investment…

Women’s Hub celebrates role in Nigeria’s Development

NOMINATE YOUR WOMEN CHAMPIONS In celebration of Nigeria’s 60th independence, BusinessDay’s WOMEN’S HUB presents…

CBN gives official nod to telecom operators to offer mobile money service

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

Wealth And Investing

Government commends X3M Ideas on community engagements, urges organisations to emulate…

As it has become an annual ritual for the echelon of the Lagos State government, especially the ministry of education to converge every August at the behest of Lagos agency, X3M Ideas to commission…

Cartoon and Graphics

Women in Business

Women In Business: Pearlena Igbokwe

Pearlena Igbokwe is the Chairman of Universal Studio Group, a division of NBC Universal. She is responsible for all…

Women In Business: Simi Fajemirokun

Simi Fajemirokun is a distinguished visionary offering a diverse career in driving significant and profitable…

TIMIPRE WOLO, leading honourable initiatives in the Niger-delta, tackling…

Timipre Wolo is the visionary and CEO of TFN Energy Limited, an indigenous new entrant into the Nigerian energy…

First Lady Of Niger State, AMINA ABUBAKAR BELLO, empowering women, solving…

Childhood Memories I had an average childhood. I have a very large extended family and growing up, we had a lot…

Interview

PFAs face ‘reinvestment risk’ due to the negative real interest rate

Real return on assets has remained largely below inflation after a policy by the Central Bank restricted non-bank…

Despite opposition, Peace Corps Bill will be passed, assented to by Buhari’

The National Commandant of the Peace Corps of Nigeria, Dickson Akor, has expressed confidence that despite the…

We Have Strong Passion to Leverage Technology, Says Lanre Ashaolu, MD/CEO…

Lanre Ashaolu is the MD/CEO of Four Pulley limited, FPL, a leading outdoor advertising agency in Nigeria. In this…

Companies

NSE lists United Capital Plc N10bn 5-year bond

The Nigerian Stock Exchange (NSE) on Tuesday, September 22, 2020, listed on its Daily Official List the United…

DafriBank appoints new CEO as it plans commercial banking operations in…

South Africa-based borderless digital-only financial institution, DafriBank has appointed a new chief executive…

Nigerian Breweries’ profit dips by 58%, lowest in 7 years amid Covid-19

Nigeria’s largest brewery by market value, Nigerian Breweries, has recorded its lowest net profit in 7 years since…

Financial Times

Thailand: youthful protesters break the kingdom’s biggest political taboo

As darkness fell on August 10, a 21-yearold student stood in front of a crowd of up to 10,000 pro-democracy…

Trump says Biden would bring chaos and socialism to America

Donald Trump said Joe Biden would bring chaos to US cities and spread socialism across the nation, as he used his…

Shinzo Abe to step down as Japanese prime minister

Shinzo Abe will stand down as prime minister of Japan on Friday evening because of a worsening medical condition,…

Economy

Ebonyi Government signs agreement with Silverbird group, Lagos Computer…

The government of Ebonyi State on Tuesday held a Business summit in Abakaliki and sign a business agreement with…

FG looks inward to upturn dwindling revenues

Federal Government of Nigeria is refocusing attention on its own agencies and strengthening surveillance on their…

Skyrocketing prices shift consumer tastes to value brands

Nigerian consumers are seeking cheaper alternatives in the face of stubborn inflation that has lowered their…

Energy

Despite cost-cutting plans, Shell will continue operations in Nigeria

Royal Dutch Shell has its sights still trained on Nigeria, despite announcing plans to slash as much as 40 percent…

How potential investors can qualify for Nigeria’s 2021 crude lifting…

Prospective local and international oil companies who desire to lift Nigerian crude next year must provide…

Goldman Sachs Made $100 Million Off Tesla Trades in 2020

Over the past 6 months, special attention has been paid to Tesla and - more specifically - euphoric call-buying in…

Politics

Obaseki pays thank you visit to Okowa

Moved by the overwhelming support he received from the Delta State Governor, Ifeanyi and the entire governor's from…

APC Governors felicitate with Okorocha, Tinubu on birthday anniversaries

The Progressive Governors Forum (PGF), an umbrella body of Governors elected on the platform of the All…

We’ve ended godfatherism, caged lions, tigers in Edo politics – Obaseki

The Edo State governor and governor-elect, Godwin Obaseki, on Monday hailed Edo people for ensuring his victory at…

Makinde promises dividends of democracy to all, installs new monarch in…

Governor Seyi Makinde has said that his administration would not leave any stone unturned in ensuring that…

Markets

Naira maintains stability after CBN sells dollars to BDCs

Nigeria’s currency on Tuesday remained stable exchanging at N465 against the dollar on the black market. The…

MTNN, others seen driving Nigeria stock market’s N43bn gain

Investors at the Nigerian stock market booked about N43billion gain on Tuesday, September 22 as investors raised…

In six charts, how prices of staple food items in Nigeria have fared in…

A hike or fall in food prices directly affects Nigerians as a whole but particularly troubles the close to 90…

NSE highlights retail investment opportunities in today’s Nigerian capital…

The Nigerian Stock Exchange (NSE) has expressed its commitment to redefining and improving investors’ overall…

Technology

90% institutional investors to increase bitcoin holdings in next five years

A survey of institutional investors that oversee some $78.4 billion worth of collective assets said they intend to…

DafriBank appoints new CEO as it plans commercial banking operations in…

South Africa-based borderless digital-only financial institution, DafriBank has appointed a new chief executive…

NCC to review international termination rate for voice services

The Nigerian Communications Commission (NCC) has embarked on a cost-based study to set the new pricing regime for…

Digital Encode gets license to help organisations with cyber security, data…

Digital Encode Limited, an indigenous consulting and integration firm has become a Capability Maturity Model…

Life and Culture

Fashion enthusiast, Noble Igwe, seals ambassadorial deal with ‘Wear It All…

Popular fashion enthusiast, Noble Igwe, has clinched yet another ambassadorial deal with a leading fashion brand in…

Nollywood remake of Tunde Leye’s ‘Finding Hubby’ hits cinemas soon

The Nollywood remake of Tunde Leye’s viral story ‘Finding Hubby’ is set to hit the cinemas in November, the movie…

AAToy unveils online store in move to enhance consumers’ experience

AAToy Shop, a Nigerian-based retail shop for toys has opened an online store designed to boost its business in…

Irefin Palace in Ibadan to rival Buckingham Palace says Oyo Govt

Oyo State government says the historical Irefin Palace in Ibadan has been positioned to rival the Buckingham Palace…

Market Intelligence

Naira weakens marginally against dollar despite strong oil price rally

The Nigerian market has been filled with a lot of ups and downs in the past week but none of the news have been…

How IDSL is spearheading NNPC’S moves for $10 oil production cost

For Integrated Data Services Limited (IDSL), a subsidiary of the Nigerian National Petroleum Corporation (NNPC),…

Zenith Bank consolidates earnings and profitability amid Covid-19 shock

Zenith Bank Nigeria Plc gives more money to investors in form of dividend than its peers in Emerging and Frontier…

Sanusi and Soludo were superior managers of Nigeria’s exchange rate

If you were to guess the one economic problem that every Nigerian and business has struggled with regardless of…

Backpage

When will Nigeria fix age-old problems hurting industrial prosperity?

It is a crying shame that some of the issues hurting Nigeria’s industrial prosperity in 1980s and 1990s are still…

FX scarcity: Time to promote non-oil exports 

The Central Bank of Nigeria (CBN) is investing efforts in managing Nigeria’s foreign exchange (FX) crisis to…

Industrialisation: Lessons from India’s model

Nigeria must begin to mimic worthy examples to exit high poverty rate and become an industrialised nation. One of…

Is the coup making a comeback in Africa?

The coup is back in Africa. Last week, soldiers in Mali overthrew the unpopular president, Ibrahim Boubacar Keita,…

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Today's E-paper

Columnists

Businessday Investigates

Covid-19 adds to misery of homeless Nigerians in Lagos

IBRAHIM ADEYEMI spent three nights with some homeless Nigerians in Lagos, to have a front-row experience of how…

Premium

Sponsored

How do you get 10k followers on Instagram?

According to Stormlikes Review, you can get a lot of Instagram followers if you buy Instagram likes or buy…

Podcast

Women In Business

Women In Business: Pearlena Igbokwe

Pearlena Igbokwe is the Chairman of Universal Studio Group, a division of NBC Universal. She is responsible for all…

Magazines

Backpage

When will Nigeria fix age-old problems hurting industrial prosperity?

It is a crying shame that some of the issues hurting Nigeria’s industrial prosperity in 1980s and 1990s are still…

More Stories

Africa has a tremendous amount of hope – If only we knew it

Before I get started, I must first of all clarify that this is not an “Africa Rising” article. As I am sure we have…

Insecurity and the death of rural credit markets (2)

Last week, we began a discussion of informal credit markets, particularly with regard to the impact of insecurity…

Good intentions aren’t enough

It was the scientific genius Albert Einstein who said, “Education is not the learning of facts but the training of…

Revamped Haojue motorcycle targets S/West market penetration

Nigeria motorcycle market came up alive once again following the official launch of its Haojue Xpress 125cc…

Reimagining sustainable climate financing for developing countries for Post-2020 Paris Agreement Implementation Era

Mobilising sustainable climate finance for developing countries especially in a post-2020 Paris Agreement…

Banks’ requirements before granting new credit facilities in 2020/2021 fiscal years

Nigerian Banks are expected to meet certain criteria in order to be allowed to grant new credit facilities in the…