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Broken health centres, roads, schools underscore plight of Imo oil communities

In Obitti, an oil-producing community in Ohaji/Egbema in Imo State, self-medication is the norm.…

Short Takes

Here’s what happens in office space market as companies embrace new normal

The ‘new normal’ of working remotely, mainly from home, triggered by social…

Inside details of CBN’s discretionary bank debits

The Central Bank of Nigeria (CBN) is making discretionary debits on the banks…

Here are 5 catalysts needed to make Africa a global competitive economy 

The challenges constraining Africa’s economy from competing with its global…

‘Not all airports in Nigeria will survive scrutiny of FAAN, NCAA to…

A recent report by Philips Consulting has disclosed that not all airports in Nigeria will survive the scrutiny of…

Lagos’ discharged COVID-19 cases now 1,740 as 45 patients reunite society

Forty-five new COVID-19 patients were on Sunday discharged from isolation facilities in Lagos, bringing to 1,740 …

Ghanaian president goes into isolation after meeting COVID-19 patient

President of Ghana, Nana Akufo-Addo, has gone into isolation for two weeks after someone close to him tested…

2,430 COVID-19 patients in Lagos avoiding admission in isolation centres –…

The Lagos State commissioner for health, Akin Abayomi, says 2,430 patients who tested positive for COVID-19 in the…

PREMIUM

Start-Up Journal

The African SMEs story: Transforming waste to energy

The African SMEs Story, hosted by Linda Ochugbua, aims to propagate hope, telling stories of businesses across…

How 12-year- old Jessica fulfils her dream as kidpreneur

Many children are still grappling with what they wish to become in the future, but the 12- year-old multilingual…

UWGN, ABC provide COVID-19 relief for the elderly, support entrepreneurship

The United Way Greater Nigeria (UWGN) in partnership with American Business Council (ABC) has provided palliatives…

Sustaining Hiring Practices for SMEs and Startups

Our article last week discussed the importance of building trust and collaborative culture as employees work…

Sponsored

How to achieve your financial goals without stress

Imagine that in 3 years time, you might be turning this side hustle into a big business or getting set to buy a…

Honoris United Universities Welcomes Nile University of Nigeria to its…

Abuja, 2nd July 2020 – Honoris United Universities, Africa’s first and largest pan-African network of private…

Could cloud contact centres ease the traditional pains Nigerian companies…

Although Nigeria is an emerging market in many aspects and industries, customers in this region like those across…

Custodian Investment: Exceeding Expectations for 25 years

Every journey starts with a step and ours is not any different with the history of our success beginning in 1991…

OIL PRICE CRASHES, ECONOMY IN TURMOIL

Four ways to protect Nigeria’s economy from unstable oil prices –…

To insulate the economy from unstable oil prices, Nigeria needs a robust ‘rainy day’ fund, wean itself off…

Good news for Nigeria as Citigroup expects bullish crude price at $60 in…

The price of crude oil is expected to become bullish and climb to $60 per barrel in the next 12 months as demand is…

South Korea’s oil refining success shows how Nigeria squandered golden…

Two weeks after the release of the 2017 and 2018 audited accounts of the PortHarcourt, Warri and Kaduna refineries,…

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…

Women in Business

Women in Business: Odunayo Sanya

Odunayo is a versatile professional with 20+ years of postgraduate work experience in the education, financial…

Women in Business: Abimbola Alale

Abimbola H. Alale (Ph.D) is the current Managing Director and Chief Executive Officer of the Nigerian Communication…

Meet Aderinola Mary Ojulari, the boss lady at Mercedes-Benz Nigeria  

Aderinola Mary Ojulari is the Deputy Managing Director/ Chief Finance Officer at Weststar Associates Limited…

Abimbola Fashola, deliberate about teaching morals, upholding the value of…

Dame Abimbola Emmanuella Fashola was born into the Ojo Ibadan family of Ibadan, Oyo State. She is a Secretary…

Interview

Our Target is to close year 2020 with Two Hundred Billion Naira balance…

Hassan Usman is a seasoned and accomplished banker with decades of experience behind him. He is currently the…

‘Digitalisation can help Nigeria achieve inclusive growth and economic…

In a recently published white paper on “Enabling a Digital Nigeria” Microsoft outlined key steps towards the…

We assist organisations monitor funds for Covid-19 to ensure they are not…

Folakemi Falodun is the General Manager for Paga’s Digital Financial Services business and merchant payment…

Companies

RMBN urges businesses to adopt strategies to manage risks 

Rand Merchant Bank Nigeria Limited has urged businesses to adopt strategies that would enable them to manage risks…

Nigeria’s cinema industry faced with over $50m investment losses, seeks…

Nigerian cinema exhibitors, distributors and employees have recently lamented over the imminent collapse of the…

Nosak Farm Produce donates to LASG COVID-19 relief support

Nosak Farm Produce Limited, a subsidiary of Nosak Group has donated cartons of Famili Vegetable Oil to support the…

Economy

Akwa Ibom gives tax waivers to SMEs for 2020

Akwa Ibom has given an exemption to Small and Medium Enterprises with a maximum turnover of N5 million for the…

ESP implementation top agenda as Buhari presides over sixth virtual FEC…

The implementation of the Economic Sustainability Plan (ESP) of the Federal Government is top on the agenda of…

FG begins implementation of ESP

The Federal government on Tuesday kicked off planned implementation of the Economic Sustainability Plan ESP Vice…

Energy

7 die as NNPC confirms explosion at its Benin River valve station

The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun,…

Nigerians enjoy only an average of 7hrs electricity from national grid…

Of the 24 hours spent a day, Nigerians only get to enjoy an average of 6.8 hours of electricity supplied to them…

PH DisCo unveils easy payment system to close up on N3bn monthly revenue…

A scheme to expand the customer base of the Port Harcourt Electricity Distribution Company (PHED) beyond the…

Politics

Indigent students benefits from lawmaker’s N25m scholarship

In a bid to fulfill her campaign promises, Tolu Akande-Sadipe, a lawmaker representing Oluyole Federal…

Security agencies must probe ex-SSG’s confessions on rigged 2016…

Ondo State Governor, Oluwarotimi Akeredolu, on Tuesday called on the security agencies to investigate the former…

2015 general election: Reps direct INEC to refund N73 billion to FG

The House of Representatives has directed the Independent National Electoral Commission (INEC) to refund the extra…

Markets

N16bn maturing OMO bills not enough to improve inter-bank squeezed…

The N16 billion maturing Open Market Operation (OMO) bills expected to hit the financial market this week is seen…

CBN’s official FX rate at N381 will curb round tripping –…

The Central Bank of Nigeria (CBN) on Tuesday adjusted the exchange rate at the official window by 5.54 percent to…

NSE upgrades Issuers’ Portal to enhance market integrity

The Nigerian Stock Exchange (NSE) has upgraded its Issuers’ Portal (X-Issuer) to further enhance market integrity.…

Technology

NCC creates digital economy department to drive FG’s agenda

The governing board of the Nigerian Communications Commission (NCC) has created and approved a digital economy…

COVID-19 shrinks e-bills payment to five-month low

Safety measures to check coronavirus (COVID-19) spread did not spare electronic transactions as the volume of…

Telecom firm seeks approval to build 160km fibre infrastructure in Ekiti

A major telecommunications infrastructure provider has approached the Ekiti State government for approval to build…

IHS Nigeria, TechQuest partner to bring STEM training to 1000 teachers,…

IHS Nigeria, a mobile telecommunication infrastructure provider, has partnered with TechQuest STEM Academy to…

Life and Culture

‘A Thousand Miles’ goes on set soon as promoters announce completion of…

Promoters of ‘A Thousand Miles’, the soulful story of a naïve young girl and a group of desperate Africans bound…

Post COVID-19 Repositioning: Ooni of Ife endorses the €1 billion Open line…

On Friday 3rd July 2020 an inauguration meeting was held between Black Swan Innovations AS (BSI-AS) and the key…

Radisson Hotel Group announces new appointments to drive renewed expansion…

Radisson Hotel Group is pleased to announce the appointment of Ramsay Rankoussi as the new head of development for…

How Dubai as a destination is beefing up efforts in fight against COVID-19

Coronavirus disease 2019 (COVID-19) caused by Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2) proven…

Top Videos

Podcast

Market Intelligence

Valuators face hard times as COVID-19 muddles business

Football matches played in empty stadium. Disruption to supply chain. No pepper souping and big stouting in bars.…

Niger Insurance strange expense reporting confuse analysts

What would have seemed like a perfectly normal financial report for Niger Insurance looks odd when analysts take a…

Investors ignore decline in return on equity performance at Custodian…

Despite posting a consistent decline in return on average equity since the 2016 recession, Custodian Investment has…

Nigerian refineries face impending solvency over debt

Nigeria’s largest refineries face impending insolvency over debt, as they continue to generously pay workers for…

Financial Times

Lockdown heroes: will they ever get a raise?

“Hero pay”, it was dubbed. When coronavirus took hold in the US in March, Christian Zamarrón and his colleagues at…

Oil crash piles pressure on bloated refining sector

Oil refineries are struggling as the worst demand-crash in decades cascades through the industry, leaving plants…

Italian mafia bonds sold to global investors

International investors bought bonds backed by the crime proceeds of Italy’s most powerful mafia, according to…

Tensions rise on the Nile over Africa’s largest dam

Egypt, Ethiopia, and Sudan are engaged in last-ditch talks to resolve a dispute over Addis Ababa’s construction of…

Backpage

Rotimi Akindipe: Re-engineering functional, sustainable housing solution…

With over 20 years of professional experience in managerial capacities cutting across planning, consulting, and…

Nigerian Bottling Company: Providing relief in trying times

In December 2019 when reports of a strange ailment killing people began emerging from Wuhan, China, no one expected…

Avoiding or mitigating recession in post Covid-19 Nigeria

Introduction The massive macro-financial shock caused by Covid-19 has continued to ravage the global economy…

Radical solution to educational crises in Nigeria (Part 1)

It is no longer news that Nigeria’s educational sector is in shambles. United Nations International Children's…

Recent

Today's E-paper

Columnists

Businessday Investigates

Broken health centres, roads, schools underscore plight of Imo oil communities

In Obitti, an oil-producing community in Ohaji/Egbema in Imo State, self-medication is the norm. Villagers say they…

Premium

OIL PRICE CRASHES, ECONOMY IN TURMOIL

Podcast

Magazines

Financial Times

Lockdown heroes: will they ever get a raise?

“Hero pay”, it was dubbed. When coronavirus took hold in the US in March, Christian Zamarrón and his colleagues at…

More Stories

Akwa Ibom gives tax waivers to SMEs for 2020

Akwa Ibom has given an exemption to Small and Medium Enterprises with a maximum turnover of N5 million for the…

Taraba House Speaker calls for strick adherence to hygiene protocols

The Speaker, Taraba state house of Assembly, Joseph Kunini on Tuesday urged the people of the state to strictly…

Nigerians enjoy only an average of 7hrs electricity from national grid daily – NBS 

Of the 24 hours spent a day, Nigerians only get to enjoy an average of 6.8 hours of electricity supplied to them…

Passengers satisfied with safety measures as flights resume

As domestic flights resumed in Nigeria on Wednesday, passengers have expressed satisfaction and confidence over…

RMBN urges businesses to adopt strategies to manage risks 

Rand Merchant Bank Nigeria Limited has urged businesses to adopt strategies that would enable them to manage risks…

Traders lament closure of livestock market in Akwa Ibom

Livestock traders in Akwa Ibom have bemoaned the closure of their market by the state government saying business…