BusinessDay

Nigeria Equities Market:   Top gainers: NEIMETH (+9.7%) , UNITYBNK (+4.7%) and FCMB (+4.2%) ,   Top losers: PRESCO (-10.0%), MULTIVERSE (-7.8%) and IKEJAHOTEL (-5.5%).

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Today's E-paper

Report on voting pattern

Politics

No plan to resign, I will complete my tenure- Ayu

Iyorchia Ayu, national chairman of the People’s Democratic Party (PDP), on Monday, said he has no plan to quit…

William Ruto wins Kenya’s presidential election

William Ruto has won Kenya's presidential election. Ruto the current deputy president of the country was…

New force emerges in Rivers governorship race as Dawari George picks…

The man who was believed to hold the Chibuike Rotimi Amaechi camp together, Dawari Ibietela George, who resigned…

I did not drag Atiku to court, remove PDP flags – Wike

Governor Nyesom Wike of Rivers State has flatly denied taking the presidential candidate of the Peoples Democratic…

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

SIRF trains youths on digital skills

To reduce the poverty rate and unemployment in Nigeria, Still I Rise Foundation, a non-governmental organisation…

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,…

Technology

QED makes first Africa investment, backs Nigerian TeamApt in $50m pre-seed

QED Investors, a U.S. fintech-focused venture capital firm, has led a new investment in TeamApt, a Nigerian fintech…

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…

Economy

Nigeria’s SEC says investor protection its top priority

Nigeria's Securities and Exchange Commission (SEC) has restated that the protection of investors in the capital…

Nigeria’s headline inflation rises to 19.64% in July, highest in 16 years

Nigeria’s Consumer Price Index(CPI) otherwise known as the headline inflation sustained its upward movement as it…

Cash-strapped Nigeria prioritises disputed Paris Club payment

The Nigerian government, which is facing a revenue crunch, has drawn fire for prioritising the payment of the…

What to know about the contentious $418m Paris Club consultancy fee

Nigeria's 36 governors under the auspices of the Nigerian Governors Forum (NGF) are currently locked in a battle…

Energy

Buhari’s Exxon sale flip-flop risks to discourage investment in Nigeria…

Nigerian President Muhammadu Buhari’s flip-flop over the sale of Exxon Mobil Corp.’s assets could discourage…

How regional grids can fix Nigeria’s power woes

With Nigeria’s power grid suffering at least 222 partial and total collapses in the last 12 years, operators have…

Minerals offer Nigeria new income as oil falters

As crude oil output declines, the mining of minerals may offer Nigeria a way to earn revenue to fund its budget,…

NNPC 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…

Markets

Presco, Dangote Sugar, others cause market’s negative start to new week

Nigeria’s equities market opened this week on a slightly negative note (-0.01percent). Investors lost about…

NGX says bond issuance on its platform hits N2.5trn in H1

Nigerian Exchange Limited (NGX) said the Federal Government and corporate issuers’ confidence in the capital market…

FMDQ advances thought leadership in derivatives market, launches…

FMDQ Securities Exchange Limited continues to play a pivotal role in the development of the derivatives market in…

SEC says Master Plan, fintech roadmap, commodities trading top agenda at…

Nigeria’s Securities and Exchange Commission (SEC) is set to hold the second Capital Market Committee (CMC) meeting…

Interview

Buhari brought religion, ethnicity and sectionalism to a level that is…

The General Superintendent of Holy Spirit Mission Church (a.k.a Happy Family Centre), Charles Ighele, recently…

Adequate finance, innovative ideas not enough to grow sustainable business…

Somkwe John-Nwosu is the chief executive officer of Credo Consult Limited. In an interview with Josephine Okojie,…

Grace Amuzie: Entrepreneur using recycling to promote education

Grace Amuzie is the founder of Isrina Schools – a low-cost learning centre that offers basic quality education to…

2023: Why PDP, Labour Party alliance is needed to dislodge APC –…

Segun Adewale, popularly known as Aeroland, is the candidate of the People’s Democratic Party (PDP) for Lagos West…

Companies

Brill Realty targets Gen Z and millennial for real estate investment

Brill Realty Limited, a Lagos-based property development company, is championing the drive for real estate…

Bank of Industry concludes another EURO 1 billion landmark transaction

The Bank of Industry (BoI) has announced the successful completion of a landmark EURO 1 billion Guaranteed Senior…

H1’22: Transcorp Hotels shows strength to improve profitability, growth

Transcorp Hotels Plc recently released its results for the half year (H1) ended June 30, 2022, sustaining its…

FITC says bringing organisational transformation to Nigerian mortgage…

FITC is set to support AG Mortgage Bank Plc in their organizational transformation journey, in an effort to further…

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 Expendables

Podcast

Life + Art

A timeout with Squad at Bature

It was a cool evening on Tuesday August 2, 2022 at Bature Brewery. The atmosphere was also right for lifestyle and…

New York museum acquires Angèle Etoundi Essamba’s three photographs for its…

SMO Contemporary Art (SMO) is pleased to announce that The Museum of Modern Art (MoMA) New York, has acquired three…

Meet young artists at Crossroads

On August 6, 2022, art lovers, collectors and guests at Wheatbaker Hotel Ikoyi, Lagos, witnessed the opening of one…

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…

Africa

William Ruto: From campaign team treasurer to president

United Democratic Alliance’s Yellow flooded the streets of Kenya as the electorate rejoiced at the announcement of…

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,…

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

Banana Island land value defies economy, rises 100% in 3 years

Despite the swings in the Nigerian economy with all the macro-economic indicators beating analysts’ expectations…

Recent

COLUMNISTS

Today's E-paper

OPINION

News

Falconets book quarter-finals ticket, beat Korea Republic 1-0

The Falconets of Nigeria on Sunday booked their quarter-final ticket, by beating the Korea Republic's Taegeuk…

Big Story

Cash-strapped Nigeria prioritises disputed Paris Club payment

The Nigerian government, which is facing a revenue crunch, has drawn fire for prioritising the payment of the…

Politics

No plan to resign, I will complete my tenure- Ayu

Iyorchia Ayu, national chairman of the People’s Democratic Party (PDP), on Monday, said he has no plan to quit…

William Ruto wins Kenya’s presidential election

William Ruto has won Kenya's presidential election. Ruto the current deputy president of the country was…

New force emerges in Rivers governorship race as Dawari George picks…

The man who was believed to hold the Chibuike Rotimi Amaechi camp together, Dawari Ibietela George, who resigned…

TOON OF THE DAY

The Expendables

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

…as we wait for Kenya to decide or has it?

I went to bed early Sunday morning with Raila ahead in the Kenyan presidential poll tally. By the time I woke up…

Innovative strategies to build a competent workforce in African pharmaceutical industry

The realization of the right to healthcare and access to medicines in Africa is contingent on adequate empowerment…

Kogi: Mothers charged to make breastfeeding a must for infants

Mothers all over the country have been charged to take seriously the issue of making breastfeeding a must for their…

Giant strides in MSMEs development

Few weeks ago, the Federal Government of Nigeria awarded Ogun State the best State in Micro, Small and Medium…

Where are ideas that matter in today’s politics?

The road to the Villa is very long, tortuous, expensive and exhausting. What is perhaps disturbing as political…

Bad economy and foreign capital

The hoarding of the greenback by political big wigs in preparation for the forthcoming 2023 general elections has…