BusinessDay

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…

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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…

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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

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…

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

Geely the Giant!

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

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

How to make cherry pie

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

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

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

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…

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…

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…

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

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

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

Economy

Nigerian manufacturers groan as gas supply constraints threaten operations

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 —…

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

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

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

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

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

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

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

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…

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

The stock market of Africa’s largest economy reached a new low by 2.26percent on Tuesday as largest cement maker…

Interview

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

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

Meet Duro Kuteyi, an innovative food technologist

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

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

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

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

FirstBank celebrates youth week

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…

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

Eterna appoints Benjamin Nwaezeigwe as substantive Chief Executive Officer

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

CLIMATE/ ENVIRONMENT

Nigeria commits to UN water treaty

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

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

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…

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

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

Anthony Agenmonmen announces the inaugural Nigerian Marketing Awards

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

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

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

Africa

US outlines new sub-Saharan Africa policy

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

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

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

Buhari urges ECOWAS leaders to imbibe democratic culture

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

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

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

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

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

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

Recent

COLUMNISTS

Today's E-paper

OPINION

News

How to make cherry pie

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

Big Story

Businesses incur billions in demurrage as Customs processes drag

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

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…

TOON OF THE DAY

The Unification Conference

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…

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…

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

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

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.…

Five things to know to start your Saturday

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

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

Geely the Giant!

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

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

How to make cherry pie

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