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Nigeria's leading finance and market intelligence news report.

LEAD STORIES

Covid-19: Danger of a second wave

Tomorrow, Monday January 18, 2021, going by the assurances of the Federal Government, through the Ministry of Education, primary and secondary schools across the country will reopen for the second term, while most universities and other tertiary…

COLUMNISTS

Today's E-paper

Nigeria Stock Watch

Nigeria records 1,867 new COVID-19 cases, highest daily infections since…

The Nigeria Centre for Disease Control (NCDC) on Friday confirmed 1,867 new cases of COVID-19, the highest daily…

NAFDAC says it has not approved any COVID-19 vaccines for public use

The National Agency for Food Drug Administration and Control (NAFDAC) has warned that it has not approved any…

Primary healthcare agency denies releasing COVID-19 vaccine distribution…

The chief executive officer of the National Primary Healthcare Development Agency (NPHDA), Faisal Shuaib, has…

Lagos still in the lead as Nigeria confirms 1,479 new COVID-19 cases

Lagos, Nigeria’s commercial hub, continues to take the lead in new COVID-19 infections in the country as it…

Recession Watch

More Nigerians lose job, fall back on pension savings for survival

Incidences in Nigeria in 2020, particularly Covid-19 pandemic, #EndSARS protest and eventual nose-diving into…

Nigeria may not wriggle out of recession in first quarter of this year –…

Johnson Chukwu, an economic/ financial expert, has said that Nigeria cannot wriggle out of the present recession in…

The perils of being an economist

The year 2020 was a rather tumultuous one for the world economy. The spread of the novel coronavirus from the…

Leadership: Addressing the challenges of a Recession

While the COVID-19 pandemic has caused a virulent recession in many countries globally, Nigeria's case is a bit…

Top Videos

What did Nigeria gain from Border Closure?

After 16 months of shutting the country's land borders, they are now being reopened but the reasons for which they…

5 Reasons why Bitcoin prices fluctuate

When it comes to cryptocurrencies like Bitcoin if there is one thing you can be sure of, it is that the prices can…

Inksnation founder is the most wanted person on the EFCC website

Inks Nation Founder Omotade-Sparks Amos Sewanu is now the most wanted person on the Economic and Financial Crimes…

Facebook Libra is coming

After nearly a year of back and forth with regulators in developed markets, the Libra project by Facebook and its…

#EndSars

#ENDSARS: Ports & Cargo terminal donates office equipment to NPA

Ports & Cargo Handling Services Limited (PCHS), operator of Terminal C, Tin-Can Island Port in Lagos, has…

Police debunk reported resumption of ENDSARS protests in Abuja

The Federal Capital Territory (FCT) Police Command has debunked reported resumption of the ENDSARS protests in the…

Police ask court for order to disband EndSARS panels of inquiry

The Nigeria Police on Thursday filed an application at the Federal High Court, Abuja, asking the court for an order…

#ENDSARS: FG writes CNN, threatens legal action over report on lekki…

The Federal Government of Nigeria has warned the United States television station CNN that it will take any action…

AFRICA

Museveni wins Uganda disputed presidential poll

President Yoweri Museveni has been announced as the winner of Uganda’s presidential election to continue his…

AFC secures $250 million loan to bridge Africa’s infrastructure deficit

Africa Finance Corporation (AFC) one of Africa’s leading infrastructure solution providers has secured tier-2…

Foreign holding in Egypt’s debt jumps to $24bn

Foreign holdings of Egypt’s debt have ballooned to near twenty five billion dollars in a spectacular come back that…

Sudan counts on its workforce, agriculture, industry to ride AfCFTA

Sudan has begun thinking about and planning how to become competitive using its strong points as the Africa…

PREMIUM

Start-Up Journal

Riding on Covid-19 gains these Nigerian tech start-ups top 2021 watch list

Despite it been a tough 2020 for businesses, the tech start-up space in Nigeria has shown great strength as…

FBN deepens financial inclusion with largest agent banking network,…

At present, there are over 86,000 banking agents across 772 out of the 774 local government areas in Nigeria, a…

Ecobank Nigeria launches radio programme for SMEs

Ecobank Nigeria has launched a radio programme – “Ecobank Business Hour” targeted at empowering small and medium…

Start-Ups tapping pandemic opportunities

Despite the pandemic pushing millions of Nigerian businesses to the brink, it has also created new opportunities…

Sponsored

One Doctor’s business model is solving global healthcare problems for free

In the business world today, many companies focus on making good revenue without offering a scaled-down free…

Artificial Intelligence, Now new Technology to trade Forex and Cryptos

You have probably already heard about Artificial Intelligence (AI) and how it is helping people across various…

5 reasons why I am registering my business on PayWithSpecta

As a business owner, I have struggled with building a client base, serving my customers and delivering on…

Bitcoin Millionaires and How They Made It

It's an undisputed fact that bitcoin is the top digital assets across the globe. Bitcoin price is currently sitting…

Women in Business

Women in Business: Abiodun Mamora

Abiodun Mamora is the Executive Director, Finance at Construction Kaiser Limited, a highly reputable construction…

Women in Business: Deborah Nicol-Omeruah

Deborah Nicol-Omeruah is an accomplished C-Level Executive and Director with over 20 years’ experience in real…

Nigeria’s first Cardiac Physiologist, FOLARINLE T. AKINRINLOLA is nobly…

Folarinle T. Akinrinlola is the Channels Sales Director at General Electric Health Care. She is a graduate of the…

For Iman Sulaiman-ibrahim, as DG of NAPTIP, it is a NO to human…

Iman Sulaiman-Ibrahim is a new generation multi-award winning business executive par excellence with core expertise…

Interview

‘The second wave of Covid-19 in Nigeria could wreak more havoc than the…

Year 2020 was one hell of a year. The outbreak of the novel Coronavirus (Covid-19) pandemic, hit the world…

‘Our big vision at MDaaS is to shift African healthcare from sick care to…

Amid challenges, the 2020 Africa’s Business Heroes (ABH) prize hosted its grand finale on November 28, 2020 and…

How Nigerian economy can exit present economic recession – Financial Expert

Philip Nto is the provost, Abia State College of Education (Technical) Arochukwu. A financial expert, World Bank…

We are determined to contribute to economic development and transformation…

Sikiru Apologun, chief operating officer of Chapter Four Estate Limited, a development and management company, a…

Companies

Xiaomi shares down 10.9% after US blacklist in clash against China

Shares of Chinese smartphone maker, Xiaomi Corp., plunged 10.9 percent in the early hours of Friday (Nigerian time)…

Multichoice brings back special offer on Dstv, discount on Gotv Max this…

Multichoice is delighted to bring back the hugely popular Step Up campaign offer to its Dstv and Gotv customers…

Agbitech, GAIL partner to distribute Fawligen biological control for Fall…

Farmers in Nigeria, the first country where Fal l Armyworm (FAW) was detected in Africa in 2016, will soon get…

COVID-19 drags NAHCO revenue by 70% in 2020, CEO says

At the peak of the COVID-19 pandemic in Nigeria, the revenue generation of Nigerian Aviation Handling Company (…

Economy

Nigeria’s inflation soars further to 15.75% as economy struggles towards…

Pushed majorly by soaring food prices, Nigeria’s inflation hastened by 15.75 percent (year-on-year) in December…

Nigeria saves N18.3bn from T-bills interest payment as lower yields crash…

Nigeria is riding on the gains of a repressed yield to bring down the cost of servicing domestic debt, but analysts…

In six charts, Nigeria’s fiscal performance in 2020

The federal government budget for 2021 was recently presented with a total of N13.59 trillion, 31 percent higher…

Lagos says Ehingbeti to hold February, kick-starts rebuild agenda

The Lagos State government on Wednesday announced that Ehingbeti, the private sector-centred economic…

Energy

Ray of hope for Nigeria as EIA predicts spot prices at $52 per barrel for…

The U.S. Energy Information Administration (EIA) has raised its Brent spot average and West Texas Intermediate…

Electricity tariff increment is needed to transform sector – says…

Chukwueloka Umeh, chief executive officer of Century Power Generation Limited, says electricity tariff increment is…

Equity investment, debt financing possible options for marginal field…

Assuming the Bid Round runs its course, there are various challenges to potential preferred bidders. One of these…

Petroleum Industry Bill: New law to make Nigeria largest crude production…

Ahead of the passage of the Petroleum Industry Bill, Stakeholders in the oil industry have been urged to find and…

Politics

Ndubuisi Kanu: Demise of a gallant soldier, democrat and builder

Last Wednesday the nation was thrown into mourning following the death of former military administrator of Imo and…

APC shows no commitment to restructuring 3 years after El-Rufai committee…

The ruling All Progressives Congress (APC) has shown no commitment to the clamour by Nigerians for restructuring in…

Arab uprising proved that when united, people can upstage oppressive regime…

It has been a decade after the Arab spring. In this exclusive interview, Professor of Political Science, Sylvester…

Markets

Nigeria’s December inflation rate quickens to 33-month high on rising food…

The consumer price index, (CPI) which measures inflation accelerated by 15.75 percent in December 2020, a 0.86…

FMDQ kicks off 2021 with admission of Commercial Papers for Total Nigeria…

The new year 2021 arrived with renewed hopes for the continued development of the Nigerian financial markets as…

Stanbic IBTC discontinues its Bureau De Change business

Stanbic IBTC Holdings Plc (Stanbic IBTC) has announced that its Bureau De Change Subsidiary, Stanbic IBTC Bureau De…

Naira firms against dollar across FX markets

Nigeria’s currency on Wednesday strengthened against the dollar across foreign exchange market segment, driven by…

Technology

WhatsApp to delay privacy update till May but users still leaving

After WhatsApp blundered by releasing a privacy policy update which appeared to have ordered users to endorse the…

Bitcoin needs more than institutional investors to sustain rally

After a wild run to multiple all-time highs between December and early January, the price of bitcoin plummeted from…

Women make 90% of mobile transactions through USSD, not apps – Report

A new report has found that while men are likely to conduct their digital transactions via a mobile application, 90…

Nigeria’s internet subscribers hit over 151 million in three months…

In its telecoms sector report, the National Bureau of Statistics (NBS) on Tuesday disclosed that internet…

Life and Culture

BusinessDay’s Desmond Okon wins reporting grant by Maternal Figures

Maternal Figures has selected Desmond Okon, a reporter with BusinessDay for a reporting grant, for an investigation…

Art icons celebrate Nike Davies Okundaye at launch of her biography

For the first time, Nike Davies-Okundaye, Nigeria’s textile queen and internationally renowned artist, is sharing…

Hembadoon releases culturally inspired track Kule Kule Hemba Ayem

Singer and Songwriter, Hembadoon, is following up her music offerings with a new single written and fully rendered…

Government, wealthy Nigerians need to support art workshops, extra-tertiary…

If art workshops and extra-tertiary art institutions are given the necessary support by both the government and…

Market Intelligence

Shell, Wike and OML 11 – reaching a compromise

A news story in The Sun newspaper of Friday November 27th, 2020 was trigger for this piece. The headline – “Supreme…

Nigerian Banks groan under huge write offs

As 2020 dawned, bankers were digging out of the harsh regulatory environment and a stock market rout that sent…

Zenith Bank is Nigeria’s largest lender by total asset as valuations remain…

Zenith Bank Plc is Nigeria’s largest lender by total assets as valuations remain attractive even amid a punitive…

Cement makers’ earnings surge during pandemic as economy slumps

The coronavirus pandemic and a difficult business environment have sent the economy in a tailspin, and a recession…

Columnists

Recent

Coronavirus

Why prominent Nigerians are dying more than the poor

For the first time in over a century, the world is dealing with a global pandemic that has left a path of distress…

Nigeria records 1,867 new COVID-19 cases, highest daily infections since…

The Nigeria Centre for Disease Control (NCDC) on Friday confirmed 1,867 new cases of COVID-19, the highest daily…

NAFDAC says it has not approved any COVID-19 vaccines for public use

The National Agency for Food Drug Administration and Control (NAFDAC) has warned that it has not approved any…

Primary healthcare agency denies releasing COVID-19 vaccine distribution…

The chief executive officer of the National Primary Healthcare Development Agency (NPHDA), Faisal Shuaib, has…

Recession

More Nigerians lose job, fall back on pension savings for survival

Incidences in Nigeria in 2020, particularly Covid-19 pandemic, #EndSARS protest and eventual nose-diving into…

Nigeria may not wriggle out of recession in first quarter of this year –…

Johnson Chukwu, an economic/ financial expert, has said that Nigeria cannot wriggle out of the present recession in…

The perils of being an economist

The year 2020 was a rather tumultuous one for the world economy. The spread of the novel coronavirus from the…

Leadership: Addressing the challenges of a Recession

While the COVID-19 pandemic has caused a virulent recession in many countries globally, Nigeria's case is a bit…

Top Videos

What did Nigeria gain from Border Closure?

After 16 months of shutting the country's land borders, they are now being reopened but the reasons for which they…

Today's E-paper

Businessday Investigates

Ticketing corruption by railway staff, soldiers, policemen derailing Abuja-Kaduna rail project (2)

‘Army general buys 30 tickets’ I step out of the train knowing, without being told, that…

Nigeria Stock Watch

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More Stories

‘The second wave of Covid-19 in Nigeria could wreak more havoc than the first’

Year 2020 was one hell of a year. The outbreak of the novel Coronavirus (Covid-19) pandemic, hit the world…

Why prominent Nigerians are dying more than the poor

For the first time in over a century, the world is dealing with a global pandemic that has left a path of distress…

Ndubuisi Kanu: Demise of a gallant soldier, democrat and builder

Last Wednesday the nation was thrown into mourning following the death of former military administrator of Imo and…

Ohanaeze: Obiozor and the burden of leading a divided people

What seemed to have tested the way the South East would go in their agitation for the presidency and the…

What a ‘refinancier’ could do for mortgage market in time of pandemic

The Coronavirus (Covid-19) pandemic, a global health emergency that wrecked nations’ economies, was here and it is…

‘Our big vision at MDaaS is to shift African healthcare from sick care to preventative healthcare for Africa’s next billion’

Amid challenges, the 2020 Africa’s Business Heroes (ABH) prize hosted its grand finale on November 28, 2020 and…