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Nigeria's leading finance and market intelligence news report.

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2023: Don’t sit on the fence

Nigerians have been advised to get involved in the electoral process in 2023 and not to adopt the past lackadaisical attitude that has not helped the country. A number of politicians, analysts, groups and observers who spoke to our reporters and…

Columnists

Today's E-paper

Nigeria Stockwatch

COP26

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…

After #COP26 Glasgow, what next?

The 26th Conference of Parties (COP) in Glasgow Scotland which had stakeholders from all over the world in…

Climate crisis: Nigeria vows to reach net zero by 2060, but how?

President Muhammadu Buhari made a significant statement at the just-concluded United Nations climate change summit,…

COP26 keeps 1.5C hanging by a thread – experts

The United Nations Climate Change Conference ended on Saturday night in Glasgow with nearly 200 countries agreeing…

Videos

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…

BusinessDay Diary (EP 11: Inside a Lagos factory changing the game in ice…

In today's episode of BusinessDay Diary, Kikelomo Adeniji, CEO, Iceplace Millennial, explains how she meets the demand for edible ice in the…

Businessday Diary Ep 10: Beyond the lens: The life, art of a Nigerian…

Today’s episode of BusinessDay Diary captures the life and art of Ayokunle, the CEO of Klala Photography. “The first person that booked us…

Businessday Diary Ep 9: How Olufon is helping businesses step up…

On today's episode of BusinessDay Dairy, Toyin Olufon, Principal Consultant, Lefort Consulting, speaks on managing finance, data analytics…

BD Weekender

The Mail Man

Bolu and I were first friends, then we became lovers. We attended the same University, then fate threw us in the…

How to spot a valuation art

In this digest, we will learn why one piece of art is seemingly more valuable than others. We also take some time…

News Roundup: What to know as Nigeria detects COVID-19 Omicron variant,…

What to know as Nigeria detects COVID-19 Omicron variant Nigeria has recorded its first cases of the new Omicron…

Seyi Shay Receives Accolades from Industry Titans at the Listening of Her…

Saturday November 20th was a memorable day in music history as Seyi Shay held a private listening party…

Entrepreneur

Ayodeji Razaq wins Young Person of the Year at 2021 Yea Summit

Ayodeji Razaq, a serial entrepreneur and marketing expert has won the Young Person of the Year at the 2021 edition…

Nigerian entrepreneur clinches Jack Ma’s Africa business hero prize

Chidi Nwaogu, a Nigerian tech entrepreneur and software developer has emerged as one of 10 finalists of Africa's…

Three Nigerian entrepreneurs win N185.2m grant from Jack Ma Foundation

The Jack Ma Foundation through Africa’s Business Heroes (ABH) competition has awarded N186.2million ($450,000) in…

How Adeniji built his business from roadside apprenticeship

Adeniji Olumide is the founder of AOJ Electricals, a startup that provides engineering services in Lagos –…

Sponsored

Crypto News: Ethereum Bounces, Shiba Inu Jumps, and HUH Token Releases…

Ethereum has continued its climb this week despite being under pressure from the announcement of a new Covid-19…

The New Meaning of Money

Money. The fuel that powers the world. Despite being widely accepted and commonly spoken about, it remains…

Knorr rewards 24 winners in 12 weeks with 500k each

The Knorr Nigeria unwrap and win consumer promo has ended on the 26th of October 2021, rewarding 24 consumers with…

Use your income to make an income: Nigeria’s capital markets offer every…

Nigeria’s increasingly sophisticated and well-endowed capital markets have seen a 63% growth in mutual funds over…

Technology

Expert urges Senate to investigate rise of Crypto adoption despite…

An expert on Cryptocurrency and alternative finance has called on the Nigerian Senate to toe the path of their…

Creditclan pivots into Buy Now Pay Later to deepen consumer credit

With the Buy Now Pay Later (BNPL) model gaining momentum in the credit ecosystem across Africa, Creditclan, a…

Experts Urge Security Compliance against Cyber threats

With organisations facing increasing cyber threats, experts have urged improvement in security tools which can be…

What to know about 5G spectrum licence

The Nigerian Communications Commission (NCC) said it has qualified three bidders for the auction of a 3.5GHz…

Economy

Petrol subsidy burden will affect payment of salaries in 2022, World Bank,…

The economic case for the removal of Nigeria’s fuel subsidy regime is mounting by the day even though the present…

Africa needs fresh $7.1trn to recover from pandemic – ECA

With its current population of 1.37 billion Africa will need a socio-economic stimulus worth $7.1 trillion to…

High prices pinch Nigerians amid slowing inflation

Inflation rate has slowed for seven straight months but Nigerians still feel the pinch with ravaging hunger levels…

Infrastructure spend, climate to drive growth in construction market

The global construction market is set for a sustained period of strong growth post-Covid-19, driven by government…

Energy

Why Nigeria will struggle to meet OPEC’s production quota

Some oil majors are excluding Nigeria from their capital expenditure budgets for 2022, others are divesting out of…

Omicron: Oil demand could fall by 2.9m bpd early 2022

The new COVID-19 variant Omicron could cost the global oil market as much as 2.9 million barrels per day (bpd) of…

Subsidy removal: Govt, citizens must agree – World Bank

The Nigerian government and the citizens must agree on the removal of petrol subsidy that will cost Nigeria over N3…

Oil industry going through critical phase – Kyari

The group managing director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari has told a…

Markets

Stocks lose over N590bn in week ended Dec. 3

Nigeria’s listed stocks lost about N595billion in the trading week ended Friday, December 3 as investors took…

Ronchess targets N7.3bn from listing shares on Nigerian Exchange

Ronchess Global Resources Plc has gotten approval to list 91million units of its shares by way of introduction.…

Stock investors lose N113bn as sell pressure continues on Nigerian Exchange

Nigeria's equities investors booked additional loss of about N113billion on Thursday as activities of profit takers…

NGX says remains preferred listing destination

Nigerian Exchange Limited (NGX) said it has continued to be the preferred listing destination for companies seeking…

Interview

We have delivered to informal retailers at no cost for over two years…

Alerzo Limited, a business-to-business e-commerce platform in Nigeria, recently offered a 20 percent discount to…

African economic zones need to connect to global value chains –…

With 203 operational special economic zones, (SEZs) across the continent, and 73 completed projects, African…

There is strong correlation between economic growth and capital markets –…

Temi Popoola, CFA, is the chief executive officer of the Nigerian Exchange Limited. In this interview with Opeyemi…

We stimulate growth by showcasing companies revolutionising African…

Rob Bradley is the senior vice president, CNN International Commercial. In this interview with BusinessDay’s…

Compaines

BUA Group set to list food businesses on Nigerian Exchange

BUA Group, Nigeria's leading foods, infrastructure, mining and manufacturing conglomerate is at the verge of…

BAT Nigeria establishes N200m farmers’ fund

BATN with a multi-billion Naira investment in Nigeria has launched a N200 million Farmers Fund. The fund is for the…

COVID 19 : Savory & Partners advise on investment migration

Savory & Partners, one of the largest Citizenship by Investments providers globally, has explained that being…

SBG Insurance Brokers institutes funds for UNILAG best graduating insurance…

SBG Insurance Brokers Limited (former subsidiary, Sterling Bank Plc) has instituted a N2.5 million ten-year tenured…

Politics

2023: Don’t sit on the fence

Nigerians have been advised to get involved in the electoral process in 2023 and not to adopt the past…

Why Buhari must sign 2021 Electoral Bill – CSOs

A coalition of civil society groups has called on President Muhammadu Buhari to urgently assent to the 2021…

Direct primaries: Reps summon INEC Chairman over N500bn cost

The House of Representatives has invited Mahmood Yakubu, chairman of the Independent National Electoral Commission…

Ondo ADP collapses structure into PDP, vows to unseat APC

Leadership and membership of the Action Democratic Party (ADP) in Ondo State have resolved to join the People's…

Women in Business

Hadiza Adukonu, Vice President, Corporate Development, West Titan Energy

Hadiza Adukonu is the Vice President, Corporate Development for West Titan Energy. She has the ultimate…

Bola Oduyale, Founder /Chief Executive Officer of CreditWise

Bola Oduyale is the Founder and Chief Executive Officer of CreditWise. She has operated in the financial services…

Adetayo Okusanya, Co-Founder/ COO of H.C. Bonum LTD

Adetayo Okusanya is Co-founder and COO of H.C. Bonum LTD. H.C. Bonum Ltd is a performance-oriented management…

Eneni Oduwole, Managing Consultant, Alter-Ed Limited

Eneni is a seasoned risk, operations management, environmental, social and governance risk strategist and…

Toon of the Day

Podcast

Life + Art

The Experience 16 holds live today

Today, the 16th edition of the 2021 annual Gospel music festival tagged "The Experience", will be held at The Rock…

Nigeria art, fashion, music take centre stage at Dubai Expo 2020

From a celebrated sculptor to its award-winning singer, Wizkid, to some of its best fashion designers, Nigeria's…

House of Gucci premieres amidst glamour at Silverbird cinema

The American biographical crime drama film, House Of Gucci premiered at Silverbird cinema, victoria island Lagos on…

Watch Netflix, Kunle Afolayan’s ‘A Naija Christmas’…

Christmas time in Nigeria is a joy to experience, with not to be missed festive events dotting everyone’s calendar.…

Africa

Botswana says travel bans over Omicron variant hurts its tourism sector

Botswana said on Monday that travel bans imposed against southern African countries over the presence of the new…

Somalia set to announce deadline for maiden licensing round

Somalia will announce the deadline to bid for its first crude oil offshore licensing round "soon" after receiving…

COVID cases increase in South Africa as fourth wave predicted

Coronavirus cases are escalating in South Africa as the positivity rate of tests increases, according to an…

Boosting intra-African trade crucial for Africa’s inclusive…

Wilfred Machage, high commissioner of Kenya to Nigeria has said that African countries need to boost trade…

World

Austria to commence full lockdown as Covid cases increase

Austria, a Western European country, will enter a fourth national lockdown on Monday as Covid-19 cases continue to…

Otoniel, Columbian drug lord is trending, this is why

Dairo Antonio Úsuga, Colombia’s most wanted drug lord, also known as Otoniel, has been caught and will be…

Trump set to launch own social media platform

Donald Trump, former president of the United States of America is set to announce the launch of his own social…

MP David Amess dies after being stabbed

David Amess, a British conservative member of the parliament has died after being stabbed at a constituency…

Top Stories

Nigeria’s Covid-19 response: 5 things to know, do when travelling

The Presidential Steering Committee on COVID-19 has updated travel protocols for travellers as part of its efforts…

Recent

COLUMNISTS

OPINION

Today's E-paper

COP26

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…

After #COP26 Glasgow, what next?

The 26th Conference of Parties (COP) in Glasgow Scotland which had stakeholders from all over the world in…

Climate crisis: Nigeria vows to reach net zero by 2060, but how?

President Muhammadu Buhari made a significant statement at the just-concluded United Nations climate change summit,…

COP26 keeps 1.5C hanging by a thread – experts

The United Nations Climate Change Conference ended on Saturday night in Glasgow with nearly 200 countries agreeing…

Coronavirus

South African scientists lash out at countries imposing travel bans over…

South Africa’s top scientists say that at the time European and other countries began to impose travel bans, the…

Omicron: UK adds Nigeria to its travel red list

Nigeria will be added from Monday to the red list of countries from where people arriving must quarantine in a…

Nigeria to begin rollout of COVID-19 booster shots December 10

Nigeria will begin the much-awaited administration of COVID-19 vaccine booster shots December 10 as Africa's most…

People three times more likely to be reinfected by Omicron- South African…

The risk of reinfection from the Omicron coronavirus variant is three times higher than for any previous strain,…

COVID-19 VACCINE TRACKER

BD Weekender

The Mail Man

Bolu and I were first friends, then we became lovers. We attended the same University, then fate threw us in the…

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

Magazines

More Stories

Behaviourally informed policies can deepen impact of social interventions in Nigeria – PIC

Indigenous not-for-profit, the Policy Innovation Centre (PIC), has said behaviourally informed policies can…

Nigeria’s Covid-19 response: 5 things to know, do when travelling

The Presidential Steering Committee on COVID-19 has updated travel protocols for travellers as part of its efforts…

COVID-19: As Omicron variant creeps in on us

“At this point, we need to increase community testing, make sure that people are fully vaccinated. This is not just…

Makinde restates commitment to making Oyo top investment destination

Governor Seyi Makinde has restated the commitment of his administration towards ensuring that the state becomes a…

Hacey to implement Clean Water Project in Delta, visits health commissioner

A non-governmental organisation, HACEY Health Initiative is set to implement and sustain Clean Water Initiative…

2023: Don’t sit on the fence

Nigerians have been advised to get involved in the electoral process in 2023 and not to adopt the past…