BusinessDay

Nigeria Equities Market:   Top gainers: CHAMS (+8.0%) , ARDOVA (+7.4%) and SOVRENINS (+3.6%) ,   Top losers: JAPAULGOLD (-10.0%), FCMB (-9.8%) and CHIPLC (-8.6%).

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Today's E-paper

Report on voting pattern

NigeriaDecides2023

Supreme Court recognises Adeleke as Osun PDP guber candidate

The Supreme Court has affirmed that Ademola Adeleke is the authentic candidate of the People’s Democratic Party…

Tinubu absent as Atiku, Obi, others sign peace accord

Bola Tinubu, the All Progressives Congress (APC) presidential candidate was conspicuously missing at the signing of…

Lawan accepts court judgement barring him from contesting 2023 senatorial…

President of the Senate, Ahmad Lawan has said that he will not appeal the judgement delivered on Wednesday by the…

APC NWC makes U-turn, denies disapproval of presidential campaign council

The All Progressives Congress (APC) National Working Committee (NWC) has made a U-turn on its earlier disapproval…

Cost of Living Crisis

How SMEs are coping with cost of doing business crisis

As Nigeria faces a fresh cost-of-doing-business crisis, a large chunk of the country’s 41.5 million small and…

Consumers seek cheaper variants of drugs as prices surge

The high cost of medicines is forcing Nigerians to seek cheaper variants of drugs as prices surge, a development…

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…

VOTER CARDS REGISTRATION TRACKER

Videos

Video: Weekly market update

The Nigerian equity market closed last week's trading session with a contraction, declining by 33bps as the NGX-ASI closed at 49,026.62…

Video: Weekly market updates

In last week's trading session, the Nigerian equity market experienced a largely bearish performance as all indices under our coverage…

Weekly market update

Top gainers on the last trading session of the week were led by NEM (+7.6%), CHAMS (+6.9%) and FCMB (+6.1%), while HONYFLOUR (-10.00%),…

Obituary: Times Queen Elizabeth II was also Queen of Nigeria

Video- In Memoriam: Times Queen Elizabeth II was also Queen of Nigeria

The missing barrels

Watch a short summary of the oil theft phenomenon that Nigeria is yet to unravel despite being largely an oil dependent economy.

Video: IMF bailout animation

IMF bailout animated

Weekly market update 22nd-26th August 2022

The Nigerian equities market declined 4bps or 0.04% as the NGX-ASI closed at 49,682.15 points. Accordingly, the Year-To-Date (YTD) return of…

Video: Half year financial result of Lafarge cement on the Nigerian…

Half year financial result of Lafarge cement on the Nigerian Exchange Group

The ‘bad’, bad & ugly: Four charts showing Nigeria’s…

The "bad", bad & Ugly: Four charts showing Nigeria's fiscal performance between January & April 2022

BD Weekender

News Roundup: Putin won’t attend Queen Elizabeth’s funeral, 20,000 Nigerian…

Putin won’t attend Queen Elizabeth’s funeral – Kremlin Vladimir Putin, Russian President, is not planning on…

What could be causing your child’s bad behaviour in school? – A…

Title: I am not a Troublemaker Author: Tolu' A. Akinyemi Illustrator: Ishika Sharma Publisher: The Roaring…

Essentials of Marketing Collaterals

Successful marketing starts with a consistent brand and a compelling message. But how do you get your brand and…

To live or not to leave

I knew from an early age that my father could disown me if I ever did contrary to his instructions. He was a very…

Sponsored

Guinness extends Black Shines Brightest campaign with extraordinary women…

Guinness Nigeria on Thursday, September 22nd hosted Tobi Amusan, Ese Brume and other extraordinary female Athletes…

Experts highlight how Nigerian economy can be transformed with blockchain…

EMURGO Africa’s Adaverse hosted another Blockchain Founders Hangout #BFH3.0 in Abuja last weekend to bring together…

Titan Trust Bank’s dom account holders to get up to 4% interest for…

Titan Trust Bank Limited (TTB), one of the three newest entrants into the Nigerian banking industry, has announced…

Technext unveils Polygon, Hashgreed, GIGX as official sponsors of…

Technext, one of the leading tech media organizations in Africa, has unveiled its lineup of sponsors of…

Technology

Building a network for everyone

The impact connectivity has had on the Nigerian economy and the everyday lives of Nigerians cannot be…

iidentifii’s $15 million pre-seed funding sets record in verification…

iidentifii, an innovative biometrics tech firm has raised $15 million in growth capital, the largest African series…

Tek Experts doubles down on tech talents amid migration wave

Tek Experts, a global provider of tech support services, said it is doubling down its investment in nurturing…

DHL sites €7m ultramodern head office in Johannesburg

DHL Global Forwarding has inaugurated a new transshipment hub and head office in Johannesburg, South Africa. The…

Economy

Demand pressure pushes naira to new low of N740 per dollar

Naira on Thursday fell to a record new low of N740 per dollar at the parallel market due to increased demand for…

How SMEs are coping with cost of doing business crisis

As Nigeria faces a fresh cost-of-doing-business crisis, a large chunk of the country’s 41.5 million small and…

Campus business owners lament prolonged ASUU strike

Oyenusi Peter, a 30-year-old family man, was able to conveniently provide basic needs for his family before the…

Nigerian stock return fails to beat inflation

Investors holding the shares of listed Nigerian companies are getting negative returns as inflation has surged to…

Energy

Some local producers exporting LPG amidst scarcity – NLNG

While the Nigerian LNG Limited has kept faith with its commitment last year to supply all the Liquefied…

Russia’s oil pipeline leak stokes fear of possible sabotage

On Tuesday, European nations investigated a mysterious leak in two Russian gas pipelines that cross the Baltic Sea…

Daystar targets 400MW capacity after Shell acquisition

With many global firms signed up to 2030 clean energy targets, more companies are turning to mergers and…

Top renewables firm Daystar snapped up by Shell in latest push away from…

Global energy giant, Shell has made its first power sector acquisition in Africa with its acquisition of a major…

Markets

Stock market fails to sustain gain

Nigeria's equities market on Thursday failed to sustain previous day's gain as it dropped by 0.42percent or…

Nigeria’s SEC exposes new rule on Shariah Advisory Services

Nigeria's Securities and Exchange Commission (SEC) has exposed new rules on Shariah Advisory Services for…

Stocks gain N14bn as investors hunt for bargain

The stock market of Africa’s largest economy routed slightly northward on Wednesday as investors bought shares of…

Nigeria’s equities return fails to beat inflation

Investors who to date hold the shares of Nigeria’s listed companies are trodden by inflation-adjusted negative…

Interview

Ease of payment must be solved to deepen intra-African trade – Goott

Ecommerce has been helping small businesses find a way to gain access to markets they would not have had access,…

‘Why we take different approach to startup valuation at Cardinal Stone’

Shirley Somuah, Partner, Cardinal Capital Advisers, in this interview with BusinessDay’s Frank Eleanya shares the…

Meet Sokunbi, an entrepreneur helping to secure admissions, scholarships…

Oludayo Sokunbi is the founder and chief executive officer at JapaConsults, an academic consulting firm registered…

We want Lagosians to whistle-blow on all financial misconducts – LIRS

Last month, the Lagos State government kicked off a whistle blowing program, which it said was to drive good…

Companies

Dentsu Creative launches in Nigeria

Dentsu International, a multinational communications network has merged two of its creative business arms into an…

Group seeks engagement with politicians to deepen democracy

Ahead of next year’s general elections, professionals under the aegis of the Association of Professional Bodies of…

Interswitch, Providus harps on adequate security in payment ecosystem

Interswitch, an integrated payments and digital commerce company, in collaboration with Providus Bank, has…

How Bethel, Astra, Esusu won EFInA/GIZ hackathon contest

EFInA and GIZ have declared teams Bethel, Astra and Esusu as the winners of its recently concluded ‘MSME Finance...…

CLIMATE/ ENVIRONMENT

The danger of choosing to ignore impact of climate change in Nigeria

Nigeria, like other nations to the United Nations Framework Convention on Climate Change (UNFCCC) and other…

Osinbajo leads FG’s team to launch energy transition plan in August

The Federal Government of Nigeria will on Wednesday, August 24, 2022, launch its Energy Transition Plan, tailored…

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…

Toon of the day

From UNGA to Hunger

Podcast

Life + Art

Caleb Anis: Nigerian chef living out dream abroad

If you are among those who see every negative about Nigeria, there is a young talent that will change your mind and…

Audiomack Africa appoints Charlotte Bwana, Director of Brand & Media…

Audiomack has appointed music executive Charlotte Bwana as the Director of Brand & Media partnerships for its…

Coolio, Gangsta’s Paradise rapper dies at 59

US rapper Artis Leon Ivey Jr. popularly known as Coolio, known for the iconic hit Gangsta's Paradise, died at the…

Tems, Burna Boy, Rema keep Afrobeats run on Billboard Hot 100

Burna Boy's "Last Last," Tems' "Free Mind," and Rema's "Calm Down" remix with Selena Gomez all remain on the…

Africa

AfDB, Cameroon govt partner to boost agricultural value chains with €115.05…

The African Development Bank (AfDB) on Thursday entered into a strategically viable partnership with Cameroon that…

William Ruto sworn in as Kenya’s President

William Ruto has been officially sworn in as the fifth president of Kenya. Thousands gathered in the Kasarani…

Buhari meets former president Jonathan

President Muhammadu Buhari on Wednesday, received former President Goodluck Jonathan, at the Presidential Villa,…

ECOWAS launches forum to boost research, innovation

The Economic Community of West African States (ECOWAS), on Tuesday, launched a forum that is aimed at boosting the…

World

Light out in Cuba, Florida as Hurricane Ian rages

About 2.5 million people have been ordered to evacuate their homes to be sheltered in safer locations as a result…

Russia’s oil pipeline leak stokes fear of possible sabotage

On Tuesday, European nations investigated a mysterious leak in two Russian gas pipelines that cross the Baltic Sea…

Mass shooting in Russia leaves 7 children, 6 others dead

A lone shooter killed 13 people Monday morning when he attacked a school in Izhevsk, a city located in Udmurtia…

King Charles the ‘Green Monarch’ and future of the British monarchy

The Queen's death came at a volatile period in British politics, with a recent scandal-induced change of prime…

Top Stories

Nigerian stock return fails to beat inflation

Investors holding the shares of listed Nigerian companies are getting negative returns as inflation has surged to…

Recent

COLUMNISTS

Today's E-paper

OPINION

News

Ehingbeti Summit: Lagos to care for 40m population by 2050

The Lagos State Government has stated that the Ehingbeti Summit scheduled to hold on October 11 and 12, 2022, would…

Big Story

Pension for mortgage seen as ‘massive’

The guidelines released by the National Pension Commission (PenCom) that allows pension contributors access to…

NigeriaDecides2023

Supreme Court recognises Adeleke as Osun PDP guber candidate

The Supreme Court has affirmed that Ademola Adeleke is the authentic candidate of the People’s Democratic Party…

Tinubu absent as Atiku, Obi, others sign peace accord

Bola Tinubu, the All Progressives Congress (APC) presidential candidate was conspicuously missing at the signing of…

Lawan accepts court judgement barring him from contesting 2023 senatorial…

President of the Senate, Ahmad Lawan has said that he will not appeal the judgement delivered on Wednesday by the…

TOON OF THE DAY

From UNGA to Hunger

Cost of Living crisis

How SMEs are coping with cost of doing business crisis

As Nigeria faces a fresh cost-of-doing-business crisis, a large chunk of the country’s 41.5 million small and…

Coronavirus

Private Health Alliance, Sanofi team up to assess Covid-19 vaccine…

Concerned about the low uptake of COVID-19 vaccines in Nigeria despite the availability of supply, the Private…

VOTER CARDS REGISTRATION TRACKER

Videos

Video: Weekly market update

The Nigerian equity market closed last week's trading session with a contraction, declining by 33bps as the NGX-ASI…

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

Collaboration, innovation, others key to improving insurance sector – Elumelu

More collaboration, innovation, awareness, technology, and digital adoption are critical to improve the Nigerian…

Building a network for everyone

The impact connectivity has had on the Nigerian economy and the everyday lives of Nigerians cannot be…

Nigerians ask #WhereisTinubu on Twitter

#WhereisTinubu is trending on social media. Bola Ahmed Tinubu, the presidential candidate of the APC was absent at…

Some local producers exporting LPG amidst scarcity – NLNG

While the Nigerian LNG Limited has kept faith with its commitment last year to supply all the Liquefied…

Guinness extends Black Shines Brightest campaign with extraordinary women of the 2022 Commonwealth games

Guinness Nigeria on Thursday, September 22nd hosted Tobi Amusan, Ese Brume and other extraordinary female Athletes…

Nigeria needs FX, subsidy reforms to attract foreign investment – Razia Khan

To attract investment Nigeria needs to liberalise its foreign exchange regime and complement it with fuel subsidy…