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Buhari sponsors Okonjo-Iweala for WTO top job

President Muhammadu Buhari has formally presented former finance minister, Ngozi Okonjo Iweala for consideration for the position of director general of the world trade organization, WTO. The president in a note dated June 4 sent from the Nigerian…

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Businessday Investigates

LEFT TO SUFFER (IV): Reporter’s Diary: A Journalist’s Self-Immersion In The Pains And Tears Of His Subjects

In the concluding part of this four-part series, IBRAHIM ADEYEMI recounts his personal experience…

Short Takes

What a stitch in time saves nine means for Nigeria in the coronavirus fight

What could have been prevented by restricting international movement into the…

Nigerians’ lockdown lifestyle: 7 things trending on Google

From the declining interest in coronavirus searches, despite a surge in new…

Recordings reveal China withheld data on COVID-19 from WHO

The World Health Organization struggled to get needed information from China…

No facemask no worship, Lagos tells churches, mosques

Ahead of the announced reopening of religious centres in Lagos, from June 19 and 21, 2020, the state government has…

COVID-19 patients can now be discharged between 10 to 14 days – NCDC

The Nigeria Centre for Disease Control (NCDC) says COVID-19 patients can now be discharged between 10 to 14 days…

Lagos safety commission begins registration of religious, social centres…

Lagos State Safety Commission has opened registration of religious and social centres in the state in preparation…

Start-Up Journal

Entrepreneur, Jenny’s Glow narrates journey into skincare business

Skin care and beauty business is a gold mine. Though the its global market is estimated at over $445 billion, the…

Emmanuel Alade: Fashion designer, face mask producer

In recent times, the demand for African- inspired facemasks needed to contain the spread of the novel coronavirus…

Covid-19: How Aba fashion designers turn adversity into opportunity

Fashion designers in Aba, the commercial nerve centre of Abia State, are among several groups that are negatively…

Abhulimhen: Providing online marketplace for entrepreneurs

Purit Abhulumhen is the founder of Spangler Market and Vent Sq, an online market place for Nigerians. Purit was…

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The impact of sports betting on the Nigerian economy

With an estimated 60 million Nigerians actively involved in sports betting, and over 50 betting sites operating in…

Arla Foods Reiterates Commitment to Dairy Farming Development on World Milk…

Milk is an important part of a healthy balanced diet; an excellent source of vitamins and minerals. It is a…

Veritasi Homes Recognises 9 Outstanding Realtors

Veritasi Homes, a foremost real estate development company and developers of the Camberwall Estate, Abijo is…

Aston University Offers Between £3000 – £8,000 Scholarship to…

Aston University, one of UK’s most prestigious University is still accepting applications for September 2020.…

OIL PRICE CRASHES, ECONOMY IN TURMOIL

Oil inches above $41 for first time since March in respite for Nigeria’s…

Brent crude is trading above $41 per barrel on Friday with hopes that OPEC would extend its oil production curb…

Explainer: What wave of bankruptcies in US shale industry means for…

There is light at the end of the tunnel for Nigeria and OPEC+ countries as the biggest independent shale oil groups…

Nigeria’s oil & gas sector attracts $10m capital inflow in Q1 2020,…

Foreign investment into Nigeria’s oil and gas is still in its lowest ebb as inflow hit a low of $10.09 million in…

The many faces of dollar shortage in Nigeria

In Africa’s biggest economy, naira wealth doesn’t guarantee access to dollars. The Central Bank of Nigeria has…

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EDITORIAL

For economic recovery consumption and investment must take-the-wheel

In order not to waste the COVID-19 crisis, an economic plan to stimulate the Nigerian economy and quickly exit the…

Africa and the consequences of COVID-19

While the world mourns the thousands of lives lost due to the fierce blow dealt by the novel coronavirus, COVID-19,…

Bold step on executive pensions in Imo State

Imo State voted for progressive politics on Friday 22 May with the passage into an Act of the Bill repealing…

COVID-19 has disrupted business as we know it   

The impact of the novel coronavirus, COVID-19, on sectors of the Nigerian economy and ways to manage this crisis…

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Infograph of the week

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Highlights

Women in Business

Shola Mos-Shogbamimu, Business Lawyer, women’s rights &…

Shola is a New York Attorney and Solicitor of England & Wales with broad expertise in the financial services…

Habiba Ali, MD/CEO Sosai Renewable Energies Company

Habiba Ali is the Managing Director and CEO of Sosai Renewable Energies Company, one of the largest distributors of…

Bola Preye Ayo, the exceptional political lobbyist on top of her grind

Bola Preye Ayo is a Lawyer by profession with a specification in International Relations, International Business…

Women in Business: Jane Amuta

Jane quit banking six years ago and ventured into private business as a fitness, health and beauty entrepreneur,…

Companies

Virgin Atlantic announces plan to return to passenger flying July 20th

Virgin Atlantic has announced its plan to restart passenger flying, with services from London Heathrow to Orlando,…

Lafarge Africa assures shareholders of growth, pays N1 dividend per share

Lafarge Africa Plc on Thursday June 4 held its 61st Annual General Meeting (AGM) as the company recorded strong…

Oga For Property rebrands as Zylus Homes

Oga For Property, a top real estate firm has rebranded as Zylus Homes to expand its operations and provide better…

Economy

NBS survey shows more Nigerians being jobless, poor from impact of Covid 19

A new survey by the National Bureau of Statistics (NBS) has shown that more Nigerians have become jobless and/or…

Covid-19: NIWA to reduce tariff along inland waterways to encourage…

As the nation's economy has been battered by COVID-19 pandemic, the Nigerian Inland Waterways Authority (NIWA) has…

Worried by dwindling fortunes of petroleum, Reps want FG prepare for…

Apparently disturbed by the dwindling fortunes of the petroleum market in years to come, the House of…

Energy

Despite PPPRA removal of price cap on petrol, multiple exchange rates leave…

The decision by Petroleum Products Pricing Regulatory Agency (PPPRA) to remove the price cap on petrol and allow…

Oil rises in anticipation of OPEC+ meeting on extending supply cuts

Oil prices moved higher Friday morning as traders await cues from a meeting that could take place as soon as this…

Nigeria officially deregulates petrol price as PPPRA issues new regulations

The Nigerian government said on Thursday that it has officially deregulated the petrol price and removed the cap on…

Politics

15 parties jostle for Edo Governorship as INEC raises alarm over…

No fewer than 15 out of the 18 registered political parties would be nominating candidates to contest the September…

Kwara APC loses 10,000 members to PDP

Sequel to incessant conflict and internal crisis rocking the All Progressives Congress (APC) in Kwara State, about…

Edo guber: Obaseki assures residents of adequate security before, during,…

Ahead of the Edo State governorship election slated for September 19, Governor Godwin Obaseki has assured residents…
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Technology

Our IoT technology can eliminate 80% of theft, losses in Nigeria’s…

In this interview, Lare Ayoola, CEO of Tranter IT speaks to Frank Eleanya on how the utility of internet of things…

Mobile industry to add over $565 billion to GDP with unlocking of the right…

A report released by GSMA reveals that unlocking spectrum for the mobile industry to deliver innovative 5G services…

CBN uses Inlaks developed IT platform for Covid-19 funds disbursements 

The Central Bank of Nigeria (CBN) is disbursing the N50 billion COVID-19 targeted credit facility to support …

Minding the skills gap: Steps global organisations can take to replenish…

The global digital skills gap is growing at an exponential rate. According to the Coursera 2019 Global Skills…

Life and Culture

Faith Adesemowo: Building social network for trust, credit and access  to…

With almost a decade of professional experience in finance and financial technology Faith Adesemowo, the CEO and…

How I built a career round brand influencing on social media — Ashmusy

A rising brand ambassador and in influencer, Amarachi Amusi, popularly known as Ashmusy, has charged aspiring…

Hotels business to go contactless post pandemic

While the hospitality industry awaits the full easing of the lockdown, many hoteliers are beginning to be creative…

DJ Cuppy hosts Apple’s first ever African radio show in big dollar deal

Biggest company in the world, Apple Music, is launching its first radio show in Africa on Sunday and DJ Cuppy,…

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Market Intelligence

Stocks hit new highs as Nigeria eases Covid-19 induced lockdown  

As Covid-19 induced lockdown measures are gradually being lifted, the demand for…

COVID-19 to tip Brewers over the edge

The lockdown measures imposed by the government in order to curb the spread of Covid-19 pandemic could tip beer…

Zenith General Insurance’s underlying earnings surges

If Zenith General Insurance Company Limited was a quoted company, then its shares would be rallying following the…

Why CBN $100m weekly dollar sales is not enough to end dollar scarcity

After CBN announced last April that it was going to resume sales of around $100m to Small and Medium…

Financial Times

Silver Lake’s coronavirus bets: a make-or-break moment for Egon Durban

In late March, as the coronavirus pandemic was grinding global travel to a halt, Airbnb chief executive Brian…

ECB boosts bond-buying stimulus package by €600bn

The European Central Bank has added an extra €600bn to the bond-buying programme that it launched to support the…

Covid-19 pandemic hits black voters’ incomes hardest, FT poll shows

Far more African-American than white voters have suffered a reduction in their family’s income due to the…

Eurozone bond prices jump after ECB move

Eurozone bonds rallied on Thursday after the European Central Bank announced a bigger-than-expected boost to its…

Recent

Today's E-paper

Businessday Investigates

LEFT TO SUFFER (IV): Reporter’s Diary: A Journalist’s Self-Immersion In The Pains And Tears Of His Subjects

In the concluding part of this four-part series, IBRAHIM ADEYEMI recounts his personal experience while documenting…

Columnists

OIL PRICE CRASHES, ECONOMY IN TURMOIL

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Wealth And Investing

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AfDB: US mistaken about Adesina, says African Chamber chief

The vice president of Pan African Chamber of Commerce and Industry (PACCI), Adetokunbo Kayode, has affirmed that…

How Nigerians bear brunt of fading foreign direct investments

Nigeria is finding out that attracting foreign direct investment (FDI) into a country that has a larger population…

Respite for insurers as NAICOM extends recapitalisation deadline to Sept. 30, 2021

The National Insurance Commission (NAICOM) has extended full compliance deadline for the ongoing recapitalisation…

Public health concerns limit chances of immediate school reopening

The Federal Government on Monday announced guidelines marking the second phase of the gradual reopening of the…

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Here are confirmed Premier League fixtures for restart

Ahead of  the much talked about Premier League restart on June 17,  here are details of the  of the fixtures.…

Gov Okowa explains why state must continue with road projects despite COVID-19 pandemic

In his fiifth year of governing the people of the state, Governor Ifeanyi Okowa of Delta State, Thursday, assured…

No facemask no worship, Lagos tells churches, mosques

Ahead of the announced reopening of religious centres in Lagos, from June 19 and 21, 2020, the state government has…

Despite PPPRA removal of price cap on petrol, multiple exchange rates leave nothing to cheer

The decision by Petroleum Products Pricing Regulatory Agency (PPPRA) to remove the price cap on petrol and allow…

World Environment Day: Nigerians urged to take ownership of their environment

As Nigerians join the rest of the world to mark this year’s “Environmental Day” (ECO Day), Dorothy Bassey, national…

The impact of sports betting on the Nigerian economy

With an estimated 60 million Nigerians actively involved in sports betting, and over 50 betting sites operating in…