BusinessDay
Nigeria's leading finance and market intelligence news report.

TOP STORIES

Commentary

Today's Epaper

Past Event

Food Security and National Insecurity: Pathways to averting an impending alimentary crisis

Top Videos

BusinessDay Weekender Turns One: The Editor Speaks

Over the weekend BusinessDay Weekender turned 1. 52 editions, 52 weeks, 52 weekends. On August 1st, 2020 we…

BusinessDay Diary (Ep 3): A dive into the world of baking with Nike…

In this episode of BusinessDay Diary, Nike Majekodunmi, the CEO, 'Nuts About Cakes', talks about the baking…

BusinessDay Diary (EP 2): With the CEO OF Pundit Bookkeeping Services,…

In this episode of BusinessDay Dairy, the CEO of Pundit Bookkeeping Services, spoke about the imprortance of…

Sponsored

FCMB empowers agribusiness, healthcare and others with AFDB’s $50M…

Women empowered businesses and local enterprises involved in agribusiness, manufacturing, health care, and…

The Fidelity Bank Virtual Card Will Transform Your Online Shopping…

Fidelity Bank Plc is continuously proving to be a force to be reckoned with in the digital banking space and this…

Making new Kings of mastery

Let’s be honest, we do not adore those African traditional movies anymore. The ones where coronation ceremonies are…

Descasio Leads the Digital Transformation Journey for SMEs and Startups…

As part of Descasio’s strategic plan to close the gaping distance between the current position of many African…

Start-Up Journal

FCMB empowers agribusiness, healthcare, others with AfDB’s $50m credit

FCMB empowers agribusiness, healthcare, others with AfDB’s $50m credit Women empowered businesses and local…

How Babalola built DJBTV into a global brand

Babalola Idowu Olumide has disclosed how he developed DJBTV, an indigenous media into a global one, renowned for…

Majekodunmi’s recipe for a successful baking business

Like many things, the baking industry has changed significantly over a number of years. For instance, when Nike…

How cashbox helps people cultivate healthy savings habit

Sydney Imuetinyan Aigbogun is the CEO of CashBox, an online saving platform helping thousands of users cultivate a…

Companies

Airtel announces first closing of money minority investments with The Rise…

Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries…

Nigerian Breweries grows half year profit by 38.80%

Nigerian Breweries Plc reported N209.22 billion revenue for the first half (H1) of the 2021 financial year which…

6000 homes on the way as Shelter Afrique signs MoU with developers

About 6000 homes that have the potential to take away an equal number of families out of the crowded housing market…

NAHCO records N478m profit, declares dividend despite COVID-19 impact

The Nigerian Aviation Handling Company Plc, NAHCO Aviance, has recorded N478,090 million as profit from operations…

Interview

Nigeria needs to put value on productivity to drive growth – Ogunbiyi

AKIN OGUNBIYI is the chairman of Mutual Benefits Assurance Plc, a leading player in Nigeria’s financial services…

‘St. Kitts and Nevis’ GDP will see strong rebound of 5.5% in 2021 alone’

LES KHAN is the CEO of the Citizenship by Investment Unit of St. Kitts and Nevis. He has been CEO of the programme…

To really answer the educational challenge in a fast-growing country is…

Margee Ensign is the president of American University of Nigeria (AUN), Yola, Adamawa State. In 2017, she left AUN…

VOME AGHOGHOVBIA-GAFAAR, keen on shaping Africa’s future through energy…

Vome Aghoghovbia-Gafaar is an award-winning chemical engineer, energy consultant and the founder of Ignite Energy…

Economy

N6bn in-flight catering market takes hit as airlines slow to resume

The business of local in-flight catering is currently hurting, as some airlines operating in Nigeria have failed to…

Companies navigate COVID-19 third wave to stay open, protect staff

Nigeria’s private companies are adopting several measures to hedge their businesses against the potential fallout…

Naira ends week with 2.18% loss to dollar as market reacts to CBN’s…

The five trading days foreign exchange market ended on Friday with Nigeria's currency losing 2.18 percent to the…

Urban poverty shows Nigerians need social security, jobs

Economic activities are gradually picking up in Nigeria but the pace is not enough for jobs to be rapidly created,…

Women in Business

Suzanne Iroche, Independent Non-Executive Director at Coronation Merchant…

Recently in Nigeria, we have been celebrating women being elevated to top positions. By top positions, I mean…

Abimbola Onakomaiya, MD/CEO of PeakThrust Insurance Brokers Limited

Abimbola Onakomaiya is the MD/CEO of PeakThrust Insurance Brokers Limited, an insurance broking company…

Ukinebo Dare, MD of the Edo State Skills Development Agency

Ukinebo oversees the Edojobs initiative and the Edo State Skills Development Agency. Coordinating efforts and…

Chioma Afe, Group Head, Retail Marketing & Analytics at Access Bank…

Chioma is a motivated, proactive, strategic thinker, leader and digitally driven brand advocate. A successful…

Energy

Rising the Energy Access Ladder

Sandra Dozie is the Chief Executive Officer at Salpha Energy and the mastermind behind the company’s implementation…

NEF 2021 virtual conference to focus on powering sustainable energy for…

The 2021 Nigeria Energy Forum (NEF2021) conference will focus on energy transition priorities for Nigeria and…

What to expect from Seplat’s production plans in H2’2021

The latest report of Nigeria’s biggest indigenous oil firm, Seplat Energy has unveiled the firm’s exploration and…

Nigerian company pioneering Africa’s first electric van

Jet Motors, a Nigerian automobile manufacturer that designs and builds vehicles is testing new waters with the…

Politics

National unity: Ganduje, Fashola, others to speak on Nigeria’s…

In response to the recent agitations for separation by some groups and individuals, some Nigerian leaders will…

2023: APC tackles Jega for asking Nigerians not to vote for party again

The proverb: 'what is good for the goose is good for the gander' has been given new meaning by the All Progressives…

Nigeria’s ex-envoy to Mali, Abang, defects to APC

Chief Sony Abang Nigeria former Ambassador to Mali, has defected to the ruling All Progressive Congress, APC.…

No parallel congress in Ogun – Committee Chairman

The Chairman of the Ogun State Ward Congress Committee of the All Progressives Congress (APC) Wale Ohu, has…

Markets

Julius Berger, other stocks spur NGX positive start to new week

Nigeria’s equities market opened the new week on a positive note (+0.15percent) as construction giant Julius Berger…

Naira gains 0.58% as banks compete to meet dollar demand

Nigeria’s currency on Monday strengthened further against the dollar, gaining 0.58 percent to N512/$ compared with…

Nigerian BDCs assure of continuous provision of foreign exchange services

Bureaux De Change (BDC) operators, through their associates have assured members of the public that money changers…

Cement companies bounce back from COVID downturn

The half year (H1) results of Nigeria’s cement makers show they are recovering from pandemic-induced downturn that…

Technology

Target Global backs Kuda Bank on path to unicorn

Less than a year after it signed its first cheque for an African startup, Target Global, a Berlin-based venture…

Here are four solutions driving Softcom’s new growth

Softcom last week released four solutions s part of the company’s desire to foster inclusive growth of humans and…

Yele Badamosi steps down as CEO of crypto platform

Yele Badamosi has stepped down as the CEO of Bundle Africa and will now focus his energy on driving the adoption of…

These five apps get you started on foreign assets investment

The value of the naira dropped to a record low against the dollar and other foreign currencies, after the Central…

Toon of the Day

Podcast

Life and Culture

Collaborations key to succeeding in Nigeria’s music industry –…

Talented artist, Uyinmwen Omosigho, aka Don VS, has said that one of the ways to rise swiftly in the music industry…

Sinach becomes first African to win big at BMI Christian Awards

Osinachi Kalu Joseph has become the first African gospel music artist to win the Song of the Year at Broadcast…

All you need to know about the BBNaija Shine Ya Eye House

Big Brother Naija (BBNaija), the popular and biggest reality TV show in Africa is officially in its sixth season…

Glo Expands its 22X Recharge value to All Prepaid Customers

Nigeria’s innovative telecommunications service provider, Globacom, has announced the extension of its…

Recent

Commentary

Today's Epaper

FMDQ Group holds AGM, reports significant developments

Africa’s first vertically integrated financial market infrastructure (FMI) group, FMDQ Holdings PLC, (“FMDQ Group…

Coronavirus

FG declares third wave of COVID-19 pandemic amid strike action by medical…

The Federal government on Monday said Nigeria has now entered the third wave of the COVID-19 pandemic following a…

COVID-19: Nigeria battles slow vaccination as variants increase infections

As Nigeria’s fate for vaccination hangs on the goodwill of countries with abundant vaccines, one main factor stands…

Nigeria’s COVID-19 spike continues with 590 infections, 8 deaths

Nigeria has recorded 590 new COVID-19 cases in daily figures, the Nigeria Centre for Disease Control (NCDC) stated…

Akwa Ibom worries over high number of third wave Covid-19 cases

Akwa Ibom has expressed worry over the number of Covid-19 infections following the outbreak of the third wave of…

COVID-19 VACCINE TRACKER

Premium

Business Of Health In Lagos

Opinion

CBN’s decision to stop Forex to BDCs changes dynamics

The decision by the Central Bank of Nigeria (CBN) to stop the sale of foreign exchange (Forex) to Bureau De Change…

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

CORA partners NLNG on book party for 11 shortlisted authors for literature prize

As part of the preparations for the grand finale of the 2021 edition of the Nigeria Prize for Literature (NPL), the…

A look at Duke Asidere’s paintings

No doubt, Duke Asidere has paid his dues as one of Nigeria’s most talented contemporary artists. If you are a keen…

High mobile phone ownership present opportunity to reverse Kaduna’s financial exclusion – EFInA

The EFInA Access to Financial Services in Nigeria 2020 Kaduna State Deep Dive Survey indicates significant market…

6000 homes on the way as Shelter Afrique signs MoU with developers

About 6000 homes that have the potential to take away an equal number of families out of the crowded housing market…

Summer beckons at inbound destinations this year

Once again, summer, the season for memorable holidays is here. Regrettably, many could not travel for their dream…

Mickael Marabou deepens commitment to charity work across Africa

Mickael Marabou, an American-Haitian singer has declared her intention to show appreciation to Africa following the…