Nigeria's leading finance and market intelligence news report.

LEAD STORIES

Watertight security as Supreme Court hears Bayelsa  judgment review

The hearing and possible judgment  in the Bayelsa governorship election appeal at the Supreme Court Wednesday has heightened tension in the Federal Capital Territory, Abuja as the three-arms zone in the city has been flooded with security agents. Right from the Secretariat end of Shehu Shagari road to the Appeal Court axis has virtually been taken over by security personnel. The apex court…

Agric crowdfunding at risk of Ponzi schemes as regulation lags

Agriculture crowdfunding platforms that sell products promising higher returns than the rates the companies can earn on risk-free investments may be pushing risky bets that are increasingly skirting the lines of Ponzi schemes amid a hunt for yield by investors and weak regulations. Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business…

Here’s why Nigeria’s economic growth in 2019 is not sustainable

Nigeria may have recorded its biggest real economic growth yet in the past three years in 2019, but it leaves nothing to cheer as the growth was majorly driven by the oil sector, exposing the country’s weakness in achieving its diversification goals. The economy grew 2.27 percent in 2019 to record its biggest annual growth in about three years, and has got fiscal policymakers singing its…

Recent

Businessday Investigates

Columnists

SHORT TAKES

Coronavirus Watch

PREMIUM

EDITORIAL

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…

When courts count ballots

By law, disputed elections are meant to be decided by the courts and in the case of governorship elections, the…

Buratai’s depressing verses

Chief of Army Staff Lieutenant General Tukur Yusuf Buratai recently engaged in the military art of deflection on…

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 (UNPACKING LATEST GDP NUMBERS)

Highlights

Women in Business

“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.…

Women in Business: Hadiza Bala Usman

Hadiza Bala Usman (born January 2, 1976) is a Nigerian politician who since 2016 is serving as the Managing…

Women in Business: Yvonne Ike

Yvonne Ike is a managing director and head of Sub Saharan Africa (Ex-RSA) at Bank of America Merrill Lynch. Bank…

Nonny Ugboma, enthusiastic about future opportunities, charting her path to…

BIOGRAPHY Nonny Ugboma has shown how much difference a single individual can make. She has spent the last 17…

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

CreditRegistry celebrates 17yrs of credit risk management in Nigeria

CreditRegistry, Nigeria's largest and pioneer credit bureau, on Friday marked almost two decades of helping to…

Local investors drive January market rally as total transaction jumps 84%…

After underperforming its global peers in 2019, the nation’s bourse started the year on a good note early this year…

Nigeria’s InfraCredit forges new partnership with USAID to spur…

The United States government through its Agency for International Development (USAID) and Infrastructure Credit…

Economy

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…

Why Nigerians must pay taxes- KPMG, FIRS

Nigerians must make paying taxes more seriously to facilitate the execution of infrastructure projects and build a…

Nigeria’s GDP expands by 2.55% in Q4 2019

Nigeria’s economy received a positive performance report, with the Gross Domestic Product (GDP) growth at about …

Energy

Multi-national oil companies shun Reps as Britainnia-U Nigeria Oil &…

The Management of most Multi-national Oil Companies were absent at the one day public hearing on holistic review of…

Emel Solar Signs REA/NEP Grant Agreement to improve power access

The Rural Electrification Agency, REA has officially signed grant agreement with the Nigerian Electrification…

AEDC says consumers cost reflective tariff could spike cost of power to 35…

The Abuja Electricity Distribution Company, AEDC said in the event of enforcement of cost reflective tariff…
zenth bank

Magazines

Politics

Religious bodies, PDP, civil society, others support ‘Amotekun’ in Lagos

Stakeholders across Lagos State and environs have pledged their support for the creation of Amotekun in the state.…

Group calls for entrenchment of internal party democracy in Nigeria

A political pressure group, the Movement for the Advancement of Internal Democracy (MAID), which was inaugurated on…

PDP seeks review of 2019 Presidential election petition tribunal judgement 

The Peoples Democratic Party (PDP) is seeking the review of the judgement of the 2019 Presidential election…

Buhari commends Omo-Agege for his doggedness in politics

President Muhammadu Buhari on Sunday commended the dogged nature of the Deputy President of the Senate saying that…

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

Here are the best tech startup cities outside Lagos

For many years, Lagos with its unwieldy noise and patience-sapping traffic, has been the first port of call for…

How Decagon is tackling software talent deficit one squad at a time

A report released last year by Indeed, a US-based tech talent recruiter, estimates that 9 in 10 business owners are…

Up-skilling workforce is critical for the future of work- Tomi Otudeko

During one of the breakout sessions at the recently held Lagos State Employment Trust Fund (LSETF) Employment…

The business of making money on social media 

Nigeria has 29.3 social network users. This figure is projected to grow, reaching 36.8 million or more by 2023.…

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

Libya: how regional rivalries fuel the civil war

Pick-up trucks carrying fighters from Libya’s Brothers Brigade speed along sandy roads, past the carcasses of…

Wall Street opens lower after Italy’s coronavirus lockdown

Wall Street fell sharply in opening trading, extending a global wave of selling as the coronavirus that originated…

Will economic data heighten fears of a recession in Japan?

Will economic data heighten fears of a recession in Japan? The received wisdom on the state of the Japanese…

Buffett stands by strategy of pouring cash into stocks

Berkshire Hathaway’s Warren Buffett on Saturday stood by his decision to plough ever greater sums of the company’s…

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

Five Things to Start Your Day

Weak regulation puts Agric crowdfunding at risk of Ponzi schemes  Agriculture crowdfunding platforms that sell…

Coronavirus watch

Premium

INSIGHT

state of the nation
Whynigeria is broke (1)

Wealth And Investing

More Premium

Agric crowdfunding at risk of Ponzi schemes as regulation lags

Agriculture crowdfunding platforms that sell products promising higher returns than the rates the companies can…

Here’s why Nigeria’s economic growth in 2019 is not sustainable

Nigeria may have recorded its biggest real economic growth yet in the past three years in 2019, but it leaves…

Nigeria plans game-changing move to allow PFAs invest in infrastructure

An infrastructure-focused fund that draws contributions from pension funds, Development Finance Institutions (DFI)…

CBN to offer N111.11bn worth of T-Bill to investors today  

The Central Bank of Nigeria (CBN) will today (Wednesday) offer to investors N111.11 billion worth of Treasury-Bill…

Women In Business

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

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

Magazines

Companies & Market

Economy & Politics

Energy & Technology

zenth bank

Financial Times

More Stories

Here are the best tech startup cities outside Lagos

For many years, Lagos with its unwieldy noise and patience-sapping traffic, has been the first port of call for…

How Decagon is tackling software talent deficit one squad at a time

A report released last year by Indeed, a US-based tech talent recruiter, estimates that 9 in 10 business owners are…

Five Things to Start Your Day

Weak regulation puts Agric crowdfunding at risk of Ponzi schemes  Agriculture crowdfunding platforms that sell…

Agric crowdfunding at risk of Ponzi schemes as regulation lags

Agriculture crowdfunding platforms that sell products promising higher returns than the rates the companies can…