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INEC extends deadline for primaries by one week

The Independent National Electoral Commission (INEC) has extended the June 3 deadline for the conduct of primary election by political parties for about one week, shifting the new date to June 9, 2022. Festus Okoye, INEC National Commissioner…

Live updates: Nigeria 2023 party primaries

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Nigeria Stockwatch

RUSSIA - UKRAINE CONFLICT

Putin to visit injured Russian soldiers at Moscow hospital

Russian President Vladimir Putin will visit the soldiers that were injured in the war against Ukraine in a Moscow…

Ukrainian minister wants complete halt to Western trade with Russia

Ukrainian Foreign Minister Dmytro Kuleba has called for a complete suspension of Western trade with Russia. “The…

Red Cross wants Mariupol fighters to contact relatives

The International Committee of the Red Cross (ICRC) wants to ensure that the Ukrainian fighters who are now…

Germany’s leader Scholz to reach out to Putin, lawmaker says

German Chancellor, Olaf Scholz has told lawmakers that he wanted to hold renewed talks with Russian President…

CLIMATE/ ENVIRONMENT

NNPC’s emissions reduction plan opens opportunity for new energy investors

Nigeria’s state-owned oil firm says it will begin to invest in new commercial-ready technologies that can meet…

Revisiting Seplat Energy ‘Tree4Life’ Initiative

On Tuesday May 17, Seplat Energy Plc, Nigeria’s leading indigenous energy company formally launched its "Tree4Life"…

Ban Ki-moon says rich countries prioritise arming Ukraine over climate…

From Daegu, South Korea 24th of May, 2022 Ban Ki-moon, a former Secretary-General of the United Nations has…

Nigeria, others benefit as Bloomberg invests $242 million in clean energy

Nigeria and nine other developing countries are set to benefit from a $242 million fund to expand Bloomberg…

Videos

PRINVEST 2022: Interview with COO, Arkland Properties & Investment…

BusinessDay's Dipo speaks with Evelyn Edumoh, Chief Operating Officer at Arkland Properties & Investment Company.

Less cars are produced in Nigeria because demand isn’t encouraging – Nord…

Oluwatobi Ajayi, is the founder and CEO of Nord automobile limited, also known as Nord Motion, a Nigerian automotive firm that assembles…

In memoriam: Dick Kramer, tireless builder, inspired BusinessDay

The life of Richard ‘Dick’ Kramer was remarkable enough that he was once described as a ‘modern-day pioneer and management missionary.’ That…

Remembering the Chibok girls 8 years after

Joy Bishara, Lydia Pogu and Mercy Paul were among 276 teenage girls who Boko Haram terrorists kidnapped from their school in April 2014 to…

Patrice Evra graces the exclusive with Kemi Ajumobi

Patrice Evra is not just a football legend and one of the best left-backs in the world, the ex-Manchester United player is an author and…

TechBridge new episodes

Akua Aboabea Aboah, CEO of Sambus speaks on the $18bn geospatial market in Africa

LBS at 30: Interview with Prof. Chris Ogbechie, Dean, Lagos Business School

A few months ago, the Lagos Business School (LBS) clocked 30 years, a milestone for an institution that has been redefining business…

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

BD Weekender

Interview with Bunmi Agusto

On our cover this week, you will see art by BUNMI AGUSTO (NIGERIAN, b. 1999), Longer throat (Part of a Triptych),…

Isimi Lagos: A Tranquil Escape in the Mega City of Lagos

Noise, traffic, overpopulation, lack of constant power supply, never-ending race to somewhere. These are some of…

What’s in a name?

Coming up with a name for a new business can be nerve-racking, especially if it’s your first business, and…

Young filmmakers must focus on building a fanbase first before chasing…

The Annual Film Mischief Festival has become a platform to celebrate low budget filmmakers who test their…

Entrepreneur

Meet Frances Osadebe, entrepreneur creating unique perfumes

Frances Osadebe's unwavering love for perfumes is rare. Her expertise has today made her a sought-after perfume…

Small businesses need financial advisory – Ex Skye Bank CEO

In a bid to support overall growth in the SME sector, Timothy Oguntayo, veteran financial advisor and CEO of DLK…

Amusan: Entrepreneur using tech to support Africa’s migrants

Abimbola Amusan, the co-founder of Vesti Technologies Inc – a business disrupting migrant financing and migration…

Meet Chukwuemeka Orukwowu, a phenomenal social entrepreneur

Chukwuemeka Orukwowu is a man of many parts. He is an exceptional social entrepreneur making a tangible difference…

Sponsored

Children’s day: Fairmoney launches free financial literacy for kids

If you randomly ask people to explain some of the most basic financial concepts like loans, savings, assets and so…

FCMB offers up to N30m auto loan to make vehicle ownership easy

To encourage and simplify vehicle ownership for personal use by millions of Nigerians, First City Monument Bank…

Exclusive Dinner or Luxurious Spa Date for You  – Match and Go!

In today’s world, colours mean a lot more than just nice bright hues you put on for fun. They represent causes,…

Brand new look, Evermark tear rubber!

The real estate industry is globally known for its innovation, and it continues to grow. In Nigeria, the sector has…

Technology

Industry internet subscriber growth fail to lift 9Mobile

While MTN, Globacom, and Airtel saw a significant increase in the number of internet subscribers added in Q1 2022,…

Electronic payment transactions rise by 44% in four months

Value of transactions on the electronic bills payment platform rose by 44 percent year on year to hit N114.8…

Ten new technologies unveiled at Microsoft Build 2022

Satya Nadela, CEO Microsoft, has identified ten new technologies that are “coming together as a powerful platform”…

Why crypto’s bruising comedown matters

BITCOIN offices in Istanbul, Turkey seen on May 11, 2022. . Parallel to the global stock market, which has been…

Economy

Abia reinstates commitment to rid state of touts, illegal tax collectors

Abia State Government has reinstated it's commitment to rid the State of illegal revenue collectors, who violate…

Nigeria’s economy to grow average of 3.2% till 2023- AfDB

The African Development Bank (AfDB) has forecasted Nigeria’s economy to grow by an average of 3.2 percent in two…

HR managers contend with Gen Z workers

Members of Gen Z, who grew up with social media and a different set of work ethic and compensation expectations,…

Bank stocks jump after CBN rate hike

Bank stocks rose Thursday as investor sentiments improved after the Central Bank of Nigeria (CBN)‘s blockbuster…

Energy

UK firm set to checkmate energy theft in Nigeria

A United Kingdom-based energy company, SteamaCo, says it is ready to ensure that electricity theft and other…

NLNG considers hydrogen in long-term strategy

The Nigerian LNG Limited (NLNG) will be considering diversifying into hydrogen production as part of its long-term…

FG, gas producers in talks over new LNG trains

The Federal Government of Nigeria is in talks with major gas producers in the country for the development of more…

Nigeria’s subsidy bill doubles to near N600bn in one month, data…

The finances of Africa’s largest crude producer are sinking under weight of a wasteful gasoline subsidy which…

Markets

Nigeria’s stocks gain over N590bn in rate-hike week

Nigeria’s equities market defied expectations from last Tuesday’s monetary policy rate (MPR) hike to 13percent…

Nigeria stocks defy rate hike, gain N302bn

Nigeria's equities market furthered its gain on Thursday by 1.06 percent or about N302billion, thereby defying…

Dangote Cement, MTN, 8 others top highest dividend payouts

Investors in the Nigerian capital market have earned over N1trillion from dividend payout by companies listed on…

Investors to exit stocks for fixed income on rate hike

Nigeria’s monetary policy committee (MPC) recent hawkish approach no doubt was informed by the need to dampen…

Interview

Kwavi Agbeyegbe, empowering women in their 50s and above

Kwavi Agbeyegbe is a certified life coach for women 50 and beyond, an author (50 Questions to Answer When Your…

To sanitize building industry in Nigeria, quacks and charlatans must go –…

Aliyu Oroji Wammako is the Chairman/CEO, Jedo Investment Company Ltd and President, Real Estate Developers…

We’ll introduce specialized board, comprehensive strategy for tech listings…

TEMI POPOOLA is the chief executive officer of the Nigerian Exchange Limited. In this interview with JOSEPHINE…

Why we want presidency to come to South East in 2023, by Ezeife

Chukwuemeka Ezeife (Okwadike) was born at Igbo-Ukwu Anambra State on 20th November 1939. He did not attend…

Companies

TAJBank grows pre-tax profit by 433% in 2021

TAJBank Limited, Nigeria’s second non-interest bank recorded more milestones in its second year of operations with…

FMDQ Exchange: Markets in April show remarkable upward trajectories

Ahead of month end, FMDQ Securities Exchange has released its financial markets monthly report for April. The…

Why BUA cement’s production capacity jumped to 300% in 7years –…

BUA Cement, Nigeria's 4th largest company listed on the Stock Exchange has achieved a record 300 percent increase…

NGX CEO asks investors to diversify portfolios

Nigerian Exchange Limited (NGX) has emphasised the need for diversification of portfolios by investors to ensure…

Politics

First Lady congratulates Binani on victory as APC guber Candidate

The first lady, Aisha Buhari, on Saturday felicitated the Senator Representing Adamawa Central, Aisha Binani, on…

Ohakim withdraws from Imo north senatorial race

Ikedi Ohakim, former governor of Imo, has withdrawn from the Imo North Senatorial district primary election of the…

Jimmy Odimayo wins APC ticket for Okitipupa/Irele Federal constituency

A businessman, Prince Jimmy Odimayo, has been declared the winner of the All Progressives Congress (APC) primary…

Zango wins Yola-Girei Federal Constituency ticket

Abubakar Zango has emerged candidate of the All Progressive Congress (APC) to contest for…

Women in Business

Barbara Iyayi: CEO & Founding Partner, Unicorn Growth Capital

Barbara Iyayi is an experienced venture capital and growth equity investor, and entrepreneur with over 16 years’…

Yejide Wyse: Founder/CEO, AugustaMay

Yejide Wyse is an insightful and accomplished business consultant and chief economist in the oil & energy…

Bisola Fasade: Head, Affluent Clients (Private Bank), Stanbic IBTC, Nigeria

As Head, Affluent Clients, Bisola oversees private and executive banking businesses, develops and implements all…

Oluwatoyin Aralepo: Director, Corporate Excellence and Programme…

Oluwatoyin Aralepo is a first-class Accounting graduate. A Fellow of the Institute of Chartered Accountants of…

Toon of the Day

Podcast

Life + Art

Netflix: Top original film on release from June to September 2022

The beginning of the year has provided many high profile Netflix new releases, including the final season of Ozark…

Wizkid, Ayra Starr, Tems lead nominations at 15th Headies Awards

Ayodeji Balogun popularly known as Wizkid leads with up to 9 nominations at the 15th Headies Awards with other…

Nigerian Idol season 7 winner takes home N100 million grand price

After a night of electrifying music performances, 21-year-old Progress Chukwuyem emerged the winner of Nigerian…

Buga becomes the most shazamed song in the world

Oluwatobiloba Daniel Anidugbe, better known as Kizz Daniel has added his name to the list of artists whose songs…

Africa

Mozambique declares public emergency after first wild polio virus in 30…

Mozambique Health Ministry (MISAU) has declared a public health emergency in the country after confirming that a…

FX risk, others stall venture capital funding in Africa

Foreign exchange risk, difficulty in repatriating funds and other challenges are limiting venture capital financing…

Africa’s democracy under threat, retreating – Gbajabiamila

Femi Gbajabiamila, Speaker of the Nigerian House of Representatives says democracy is under threat and in retreat…

Guinea orders legal proceedings against ousted President Conde

Guinea’s attorney general has ordered legal proceedings against ousted President Alpha Conde and 26 of his former…

World

Philippine Congress proclaims Marcos Jr as next president

The Philippine Congress on Wednesday proclaimed the son of late dictator Ferdinand Marcos as the country’s next…

German Chancellor condoles with US over Texas shooting

German Chancellor Olaf Scholz has expressed his condolences to the bereaved and injured after the deadly shooting…

Taliban orders female tv presenters to cover their faces

The Taliban authorities on Thursday issued an official order that female journalists in all Afghan media outlets…

Poland will help Sweden, Finland if attacked before NATO membership – PM

Poland will assist Sweden and Finland, should they be attacked before obtaining membership in the North Atlantic…

Live updates: Nigeria 2023 party primaries

Ohakim withdraws from Imo north senatorial…

Ikedi Ohakim, former governor of Imo, has withdrawn from the Imo North Senatorial…

PDP in crucial meeting, may postpone convention

There are indications that the People’s Democratic Party ( PDP) may postpone its…

Reps’ appropriation chair, Betara wins APC…

Muktar Aliyu-Betara, Chairman of the House of Representatives committee on…

Top Stories

2023: Zoning not part of conditions for Nigeria’s presidency – Falae

The Former Minister of Finance, Olu Falae has faulted the calls that the presidency should be zoned to a particular…

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OPINION

In Other News

Nigeria’s stocks gain over N590bn in rate-hike week

Nigeria’s equities market defied expectations from last Tuesday’s monetary policy rate (MPR) hike to 13percent…

Putin to visit injured Russian soldiers at Moscow hospital

Russian President Vladimir Putin will visit the soldiers that were injured in the war against Ukraine in a Moscow…

Ogun rolls out N1bn MSME grants to stimulate economy

The Ogun State government has rolled out N1 billion operational grants to boost the operations of Micro, Small and…

CLIMATE/ ENVIRONMENT

NNPC’s emissions reduction plan opens opportunity for new energy investors

Nigeria’s state-owned oil firm says it will begin to invest in new commercial-ready technologies that can meet…

Revisiting Seplat Energy ‘Tree4Life’ Initiative

On Tuesday May 17, Seplat Energy Plc, Nigeria’s leading indigenous energy company formally launched its "Tree4Life"…

Ban Ki-moon says rich countries prioritise arming Ukraine over climate…

From Daegu, South Korea 24th of May, 2022 Ban Ki-moon, a former Secretary-General of the United Nations has…

Nigeria, others benefit as Bloomberg invests $242 million in clean energy

Nigeria and nine other developing countries are set to benefit from a $242 million fund to expand Bloomberg…

Coronavirus

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

World Health Organization (WHO) on Thursday said Africa COVID-19 cases had risen largely by the doubling of cases…

Kamala Haris, US VP, tests positive for COVID-19

Kamala Harris, Vice President of the United States has tested positive for COVID-19 on Tuesday, underscoring the…

Local vaccine production now matter of national security – Buhari

President Muhammadu Buhari has said building capacity for in-country production of vaccines and medical supplies…

Nigeria to produce COVID candidate vaccine in 2023

The Nigerian government says it has begun processes to produce the first candidate vaccine for the prevention of…

COVID-19 VACCINE TRACKER

BD Weekender

Interview with Bunmi Agusto

On our cover this week, you will see art by BUNMI AGUSTO (NIGERIAN, b. 1999), Longer throat (Part of a Triptych),…

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

How poor, out-of-school children gain education with N100 in the FCT

Nigeria has been ranked highest in the number of out-of-school children recorded in the world. The United…

Jimmy Odimayo wins APC ticket for Okitipupa/Irele Federal constituency

A businessman, Prince Jimmy Odimayo, has been declared the winner of the All Progressives Congress (APC) primary…

Abia reinstates commitment to rid state of touts, illegal tax collectors

Abia State Government has reinstated it's commitment to rid the State of illegal revenue collectors, who violate…

Zango wins Yola-Girei Federal Constituency ticket

Abubakar Zango has emerged candidate of the All Progressive Congress (APC) to contest for…

Music business is about strategy, growth – Olayeni

Victor Olayeni, a renowned worship leader and a recording artist who rose to prominence with a string of hits, has…

Idimogu loses Oshodi APC House of Assembly primaries

The Lagos State House of Assembly member, representing Oshodi-Isolo constituency 11, Mr Jude Idimogu, did not poll…