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Coronavirus: 80-bed space facility, 2 test centres created in Lagos

An 80-bed isolation facility has been made ready in Lagos, as part of measures to contain the deadly Coronavirus (COVID-19) in the event of possible spread of the disease beyond the first index case already recorded in Nigeria. Lagos, Abuja, Kano and other cities where international flights touchdown are also placed on special surveillance, just as details of persons arriving from abroad are…

Coronavirus: Patient flew into Nigeria via Turkish Airline

Lagos State has confirmed that the Italian national responsibility for the first recorded case of the deadly Coronavirus disease (COVID-19) in Nigeria, arrived the Lagos international airport onboard a Turkish Airline on Monday, February 24, before making his way to Ogun State on short business trip. The state governor, Babajide Sanwo-Olu, who is the chief incident commander in the efforts to…

Saudis seek bigger oil cut as Coronavirus slashes demand

Saudis seek bigger oil cut as Coronavirus slashes demand Saudi Arabia is pushing for a far more substantial cut in oil production when OPEC and its allies meet next week, as global energy producers scramble to respond to the Coronavirus outbreak that has crippled oil demand. The Kingdom is asking cartel members as well as partner Russia to sign up to a collective production cut of an…

Recent

Businessday Investigates

Customs, police, army using fake document to extort farmers – Federal agency implies

Some officers of the Nigeria Customs Service (NCS), Nigeria Police, and the Nigerian Army have been at the centre of extortion suffered by some local farmers to an estimated N1.33 billion, facilitated through what has now been established to be a fake document by the agency whose identity has been used to scam helpless farmers for up to five months. “The supposed receipt used…

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SHORT TAKES

Coronavirus Watch

Coronavirus scare hits Premier League clubs

Liverpool could be denied their first ever Premier League title should the domestic season be cut short by…

Bond yields jump on Coronavirus scare

Government and corporate bonds sold off Friday after Nigeria joined a growing list of countries to report cases of…

Coronavirus: Investors dump equities amid fears of global recession

Global economies and businesses are facing one of the most difficult times in history as countries on three…

Both US coronavirus patients in Illinois have fully recovered, freed to go…

In a world overtaken by fear and pain along paths of the rampaging Coronavirus there is one good news Friday; Both…

PREMIUM

EDITORIAL

Sustainability of CBN’s unorthodox policies doubtful

Since 2016, the Central Bank of Nigeria (CBN) has resorted to unorthodox policies and strategies to fix monetary…

Unseemly pressure on the Supreme Court with political cases

What is the latest joke among the nation’s leading political parties? It is to sue for a review of cases upon which…

Red alert ahead Edo 2020 guber elections

Elections in Nigeria always draw out the bad sides of our politicians, but every stakeholder must take note and…

Cracks on the Rock

Confusion over who should direct the national security of Nigeria is a threat to the country. It should not be…

Wealth And Investing

Bitcoin halving in few weeks might create new crypto-millionaires. Here’s why gains may…

The world of cryptocurrency is counting down to an event, as rare as leap years that could boost Bitcoin price and possibly create new millionaires. First Things First The Bitcoin halving is due to…

In Focus

Insight

Infograph of the week

Highlights

Women in Business

The story of the Lady Carpenter who thrived above defeat to attain her feat

Agatha Eric-udorie is a professional interior designer, who exude sara remix of deep passion and intuitive…

Women in Business: Adeyinka Adekoya

Adekoya started her professional career with Lambert Willis & Associate (Insurance Brokers). She spent 23…

Women in Business: Temie Giwa-Tubosun

Temie Giwa-Tubosun is a Nigerian-American health manager, founder of LifeBank (formerly One Percent Project), a…

“How I have been able to Sustain my Business” – Ibukun…

On THE EXCLUSIVE with Kemi Ajumobi,  Editor of the Women's Hub will share the stories of high profile Nigerians.…

Sponsored

Abbey strategic deal with VFD to facilitate bank’s growth plan,…

Abbey Mortgage Bank Plc has announced that the strategic partnership with VFD Group Plc would enable the company…

Leading with Personal Impact during Slow Growth in Lagos

As you know, the operating context of Nigeria is currently characterised by volatility and dynamism but offers a…

CSL Stockbrokers appointed as new stockbroker to Federal Government

CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal…

Companies

Nigerian stocks fall by most in 7 months, as country reports first…

Nigerian Stocks hit their lowest level in the year after declining by the most in 7 months in intra-day trade as…

FG mulls forensic audit of DISCOs’ account

...Says Govs approved withdrawal of $250m from Excess Crude Account

Reps order probe of slow work on N150bn Lagos-Ibadan expressway, others

The House of Representatives has ordered investigations into the slow pace of work on the N150 billion Lagos-Ibadan…

Economy

Why Nigeria’s industrial clusters are losing traction  

The state of Nigeria’s clusters raises more questions than answers. Many of the clusters are hard hit by poor road…

Nigeria Approves $268 Million to Back Entrepreneurs, Innovators

Nigeria approved disbursing $268 million in funding to support agricultural entrepreneurs and young technology…

Border closure: Nigeria stands to benefit more from inter regional trade –…

Nigeria stands to benefit more from inter-regional trade because we are a bigger country and the largest economy in…

Energy

Updated: FG mulls forensic audit of DISCOs account

Following dissatisfactions with reported claims of current level of investments in the electricity sector by the…

FG mulls forensic audit of DISCOs’ account

...Says Govs approved withdrawal of $250m from Excess Crude Account

Angola to privatise state oil firm but Nigerian government keeps grip on…

Sonangol is expected to sell stakes in more than 72 non-core ventures and to transform into an operator rather than…
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Politics

MPC hails Supreme Court’s review of Imo governorship election…

The Mbaise People’s Congress (MPC), a group of Mbaise professionals have commended the Supreme Court of Nigeria for…

Police foils anti Oshiomhole protest at APC headquarters

A detachment of the Nigeria Police has foiled a planned protest against the National Chairman of the All…

Bauchi gov, Bala Mohammed chairs committee to review PDP’s lost in…

The People's Democratic Party (PDP) on Thursday constituted a 14-man committee chaired by Bauchi state governor, …

Party Congress: Tambuwal Charges PDP to Uphold Fairness, Transparency

The Chairman of the People's Democratic Party Governors Forum (PDP-GF), Gov. Aminu Waziri of Sokoto State has…

Life and Culture

Africa partners UNWTO on tourism investment, security

Tourism ministers across the African continent are seeking further partnerships with the United Nations World…

‘2020 is a year of acceleration for Radisson Hotel Group’

The last four years have recorded strong growth for the Radisson Hotel Group in Africa. Within the…

Man Enough showing at Terra Kulture Arena every Sunday in February

Man Enough is the voice of man crying to be heard, yelling to be saved from a world that thinks he is ‘Super Man’;…

Tourism’s role in rural development across Africa highlighted at 11th…

The role of tourism and investment in African development took centre stage at the FITUR travel fair in Madrid,…

Technology

CRC Credit’s new mobile app makes tracking personal credit-score easier 

CRC Credit Bureau Limited, a credit reporting firm has launched a mobile application to help individuals quickly…

Unstable electricity could derail Nigeria’s commercial 5G deployment

Nigeria's poor electricity supply could be the biggest hindrance to deploying 5G technology at a commercial level,…

SMW2020: Despite challenges, Nigeria will not relent in preparing for 5G

The Nigerian Communications Commission (NCC) has said that Nigeria will continue to press on and prepare for the…

Telcos bemoan challenges resulting drop calls, poor service quality

Telecommunication network service providers in Nigeria are urging the Federal Government to wade in and find…

Market Intelligence

Nigerian billionaire Chart

Forbes recently released its annual exclusive billionaires ranking with only 4 Nigerians, Aliko Dangote, Mike…

Why investors shouldn’t lose hope on a dividend rally this year

Hopes for a dividend rally this year is gradually fading away after the Nigerian Stock Exchange All Share Index…

Investors to receive boost from Zenith Bank’s robust dividends

Investors will receive much in dividend income from Zenith Bank Nigeria Plc’s stock than its peer rivals as the…

Outflow from NSE continues for 2nd year in a row as foreign investors flee…

Foreign investors’ appetite for Nigerian securities appears to be abating as foreign outflows from Nigeria’s…

Financial Times

Fuel-cell producers jump on new hydrogen ‘hype cycle’

Hydrogen-linked stocks have raced to their strongest levels in more than a decade, as investors bet that efforts to…

Disney defends new big cheese at the Mouse House

Walt Disney has spent the past three years making a high stakes transition to online streaming, as the century-old…

Democratic rivals pummel Bernie Sanders during TV debate

Bernie Sanders came under heavy fire in the Democratic debate in Charleston, as the party’s other presidential…

Hunt for next chiefs puts Europe’s banks to test

European banks are facing tough questions about succession planning and corporate governance as they scramble to…

Live | Latest on coronavirus in nigeria.

Lead Stories

Recent

Businessday Investigates

Customs, police, army using fake document to extort farmers – Federal agency implies

Some officers of the Nigeria Customs Service (NCS), Nigeria Police, and the Nigerian Army have been at the centre…

Columnists

Short Takes

These are the 10 biggest worries about the economy for Nigerian business leaders 

Fears of a sluggishly recovering economy topped the list of Nigerian corporate leaders’ concerns coming into 2020.…

Coronavirus watch

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Whynigeria is broke (1)

Wealth And Investing

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Oil falls to 3-year low as Nigeria’s headache worsens  

Oil prices touched new lows Thursday, adding to a list of growing headaches for Africa’s largest oil producer.…

More worries for DisCos as FG approves forensic audit of accounts

The Federal Government on Thursday said it would carry out detailed forensic audit of the accounts of power…

In capping estimated billing, NERC avoids addressing failing metering programme

By placing a limit on how much electricity distribution companies (DisCos) can charge some classes of customers on…

Hope for farmers, agric productivity on tractor hailing service

Much as he desires tractors to till the ground and plough his farm, Ademola Adefemi, an Ogun State-based farmer,…

Women In Business

The story of the Lady Carpenter who thrived above defeat to attain her feat

Agatha Eric-udorie is a professional interior designer, who exude sara remix of deep passion and intuitive…

Magazines

Companies & Market

Bond yields jump on Coronavirus scare

Government and corporate bonds sold off Friday after Nigeria joined a growing list of countries to report cases of…

Economy & Politics

Energy & Technology

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Financial Times

Fuel-cell producers jump on new hydrogen ‘hype cycle’

Hydrogen-linked stocks have raced to their strongest levels in more than a decade, as investors bet that efforts to…

More Stories

Coronavirus: FG shuts down Lafarge’s Ewekoro plant

The Nigerian Government has shut down Lafarge, a cement manufacturing company in Ewekoro, Ogun State after the…

Coronavirus: Ogun confirms 28 people quarantined

To follow up with contact tracing, twenty- eight people have been quarantined say Dapo Abiodun Ogun State Governor.…

Both US coronavirus patients in Illinois have fully recovered, freed to go home

In a world overtaken by fear and pain along paths of the rampaging Coronavirus there is one good news Friday; Both…

Coronavirus: Lafarge initiates medical protocol at Ewekoro plant

Lafarge has initiated a medical protocol at its Ewekoro plant where the Italian reported to have tested positive to…