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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 where wealth managers in Nigeria are telling clients to park cash

Wealth managers in Nigeria are telling rich clients to invest in risk-free fixed…

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…

Governors resolve to ramp up testing to curb community spread of COVID-19

Thirty-six governors under the auspices of the Nigerian Governors' Forum have agreed to scale up testing measures…

‘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…

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Start-Up Journal

MSMEs: Positioning for Collaboration and Continuity

The world is at a phase where life is lived not as we know it or imagined it to be. This is what experts have…

Lagos set to empower 1m youths in digital skills, entrepreneurship by 2023

The Lagos State Government is set to empower one million youths in digital skills and entrepreneurship by 2023…

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…

Sponsored

FCMB, SME.NG and WFW Group Urge Women to take the Lead in Driving Growth of…

Women in Nigeria have been urged to play a more active and frontal role to stimulate the growth of businesses and…

Africa needs Nigeria to flourish again if there is to be a new dawn on the…

Let’s be frank about this, tough love is sometimes the best medicine. We can talk and talk all day about Africa’s…

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…

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

COVID-19 has forced operators to re- imagine digital money transfer –…

Gbenga Okejimi, country manager of WorldRemita digital money transfer service that transfers money around the…

‘Nigeria’s Microfinance Policy, Regulatory Framework among best in the…

GODWIN EHIGIAMUSOE  has just completed his tenure as the managing director of LAPO Microfinance Bank. Over thirty…

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…

Companies

Shareholders endorse Dangote Sugar, Savannah Sugar merger

Shareholders of Dangote Sugar Refinery Plc have given the nod for the formal takeover of Savannah Sugar Company…

Nigerian companies choose commercial papers over bonds amid lower finance…

While Nigerian companies are taking advantage of the low interest rate environment to raise capital, the short term…

FirstBank honours 28 successful graduands at maiden management programme

Firstbank, one of Nigeria's biggest lenders has completed its first ever management program, celebrating 28…

Economy

Buhari to sign N10.8trn revised 2020 budget Friday 

President Muhammadu Buhari will on Friday sign into law the revised 2020 appropriation bill of N10.8 trillion,…

N2.3trn ESP: FG incorporate state Governors in implementation committee

The Federal Government will incorporate state governors in the implementation committees to drive its N2.3 trillion…

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…

Energy

Reps summon CBN, AGF over constant power failure

The House of Representatives has summoned the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, and the…

DisCos say minimum remittance order, capping of estimated bills worsen…

Power distribution companies (DisCos) in Nigeria have said there is a need for the current minimum remittance order…

PNG Gas achieves two million man-hours without loss time incident

PNG Gas Limited, operators of Egbaoma Gas Processing Plant, said it has achieved two million man-hours without…

Politics

I’ve no regrets suspending Oshiomhole – APC ward chairman

The ward 10 chairman of the All Progressives Congress (APC) in Etsako West local Government of Edo State, Stephen…

Edo Guber : Sustain current level of development – LP candidate tasks…

Edo State chapter of Labour Party (LP) on Thursday called on electorate to vote for a candidate that will improve…

Edo guber: Teachers, retirees swell support base for Obaseki’s…

Edo State Chapter of the Nigeria Union of Teachers (NUT) and pensioners in the state have pledged their support for…

Markets

Low liquidity at official FX window pushes demand to black market 

Nigeria's currency fell sharply by N5.00k as the dollar was trading at N465 on Thursday from N460 on Wednesday due…

FMDQ Exchange admits N11.5bn Axxela Bond 

FMDQ, through its subsidiary, FMDQ Securities Exchange Limited (FMDQ Exchange or the Exchange) has admitted for…

FX turnover declines by 88.43% as Naira weakens on tight liquidity 

Nigeria's foreign exchange daily turnover declined significantly by 88.43 percent to $11.96 million on Wednesday…

Technology

Wimbart Office Hours second edition expands startup participants to 30

The second edition of Wimbart Office Hours starting in August will have 30 startups as participants, 8 more than…

Twitter eyes paid-subscription platform to solve revenue shortfall

US-based microblogging and social network service, Twitter is planning to release a paid subscription feature,…

April relief over, 9Mobile voice subscriber loss mounts

Nigeria’s fourth-largest mobile network operator, 9Mobile’s recovery in April is proving to be short-lived…

New application open, as 23 entrepreneurs graduate from Founder Institute…

Founder Institute (FI), one of the world’s largest pre-seed startup accelerators, has celebrated the graduation of…

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

Sunak skilfully serves up a boost for consumption

Have a dish on Rish. The chancellor’s summer stimulus has something for everyone prepared to consume for their…

Gold shoots above $1,800 for first time since 2011

Gold prices rose to more than $1,800 an ounce on Wednesday for the first time in nine years as data showed…

Trump’s niece calls president a lying narcissist

Donald Trump developed a penchant for employing hyperbole and lying after watching his “high-functioning sociopath”…

Political insiders benefited from US small business rescue plan

A new trove of data has revealed that politicians and some of Washington’s top lobbying firms benefited from the US…

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

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Lagos Assembly urges Sanwo-Olu to accredit more private hospitals for treatment

The Lagos State House of Assembly Thursday called on Governor Babajide Olusola Sanwo-Olu to direct the state…

N2.3trn ESP: FG incorporate state Governors in implementation committee

The Federal Government will incorporate state governors in the implementation committees to drive its N2.3 trillion…

Reps summon CBN, AGF over constant power failure

The House of Representatives has summoned the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, and the…

Makinde pledges stiff measures against gender-based violence

Governor Seyi Makinde has declared that his government will put in place stiff measures to curtail gender-based…

Osinbajo petitions IGP over Jackson Ude’s N4bn bribery allegation

Vice President Yemi Osinbajo on Thursday sent a petition to the Inspector-General of Police, Mohammed Adamu,…

Coronation Merchant Bank commences full automation of its Trade Finance Operations

Leading financial institution in Nigeria, Coronation Merchant Bank, has partnered with Union Systems to fully…