business day news

Access Bank Plc is growing fast; swallowing one bank at a time to achieve an old ambition that came closer with the acquisition of Diamond bank. Access Bank’s rise started with its acquisition of a bigger bank in the shape of Intercontinental Bank in 2012, … Read more via BusinessDay...

Raymond Azuka, who was prosecuted by the Economic and Financial Crimes Commission, EFCC for forging a reference letter purportedly signed by Okonjo-Iweala, in order to gain employment at the Nigerian Security Printing and Minting, NSPM as Security Assistant 1A has been sentenced to four years …...

Despite the massive shedding of jobs in the economy over the last three years, where a record nine million people lost their jobs – and despite the doubling of the unemployment figure from 8.9 percent in the second quarter of 2015 to 18.8 percent Q3 … Read more via BusinessDay Online, TV, and...

A monthly job approval rating survey, which gauges public support for the president, conducted by NOI polls shows that President Muhammadu Buhari’s approval ratings has hit a four year low, dropping to 36 percent in October 2018 from a high of 80 percent in October … Read more via BusinessDay...

After almost four years of dismal performance as reflected in sharp drop in productive capacity, reduced consumer purchasing power and poor standard of living for citizens, Nigerians are edgy and apprehensive of a possible return of Muhammadu Buhari-led government in the aftermath of the 2019 …...

Not in any of Africa’s largest economies will you find cheaper company stocks yet investors want nothing to do with Nigeria at the moment and it could get worse as oil prices endure their longest losing streak since 2016. Investors currently pay as low as … Read more via BusinessDay Online...

Nigerian banks are yet to catch the bug that agriculture should be the new oil, going by their lending patterns as shown in the latest data from the National Bureau of Statistics (NBS). Despite the government’s push to have Nigerians return to the farm so … Read more via BusinessDay Online...

Scores of farmers continue to be killed in some parts of the Northeast by Boko Haram, many of which go unreported. For as long as the killings continue and farmers have to stay away from farms out of fear, it will be impossible to achieve … Read more via BusinessDay Online, TV, and Podcast...

Machines are not likely to replace doctors, at least not in any foreseeable future, but through Artificial Intelligence (AI), efficiency in diagnosing patients, and administering healthcare can be improved. This is particularly important for Nigeria, which has an acute shortage of medical...

Technology adoption, particularly in Agriculture has often been slow in Nigeria, yet the potentials to make tremendous impact exists. The use of Artificial Intelligence in some parts of the world, may offer solutions to some of the problems confronting agricultural productivity in Nigeria...

The Nigerian Stock Exchange All Share Index yesterday fell to its lowest point since May last year as continued negative sentiment in the stock market pulled stock prices lower. At market close yesterday, the broad index fell 1.33 percent, settling at 30,611 points, its lowest … Read more...

Nigeria’s lost a total $467 million in July due to shut-in of production from leaking pipelines carrying crude oil from wells to flow stations in the Niger Delta, where more than 90 percent of the country’s crude are explored. The loss comes from 6.29 million … Read more via BusinessDay...

The Central Bank of Nigeria (CBN) on Tuesday, November 27, 2018, enhanced liquidity by intervening in the wholesale segment of the foreign exchange market, offering the sum of $100 million to dealers in that window. In the latest round of intervention, which was made public … Read more via...

The West African Examination Council, WAEC results for private candidates in the 2018 November/December Examination, shows a 60 percent failure rate. The Head, Nigeria National Office of WAEC, Olu Adenipekun, while announcing the results on Wednesday in Calabar said that 39, 557 candidates...

From the recent disputes with international oil companies over production sharing contracts and a regulatory collusion involving the local unit of MTN Group, to the long-standing spat with local company, Continental Transfert Technique Ltd, there are a pile of legal landmines facing Nigeria’s...

Uncertainty surrounding the possible outcome of Nigeria’s forthcoming elections is reflecting on the volume of equities that are trading on the nation’s bourse. The remarkable disinterest for Nigerian stocks shown by both foreign and domestic investors became glaring in the recently released...

Federal government on Wednesday said the Port Harcourt-Maiduguri standard gauge railway which transverses several states including those in the South East, will be executed at the cost of $12b. The project, considered the single most costly rail project to be undertaken by the President...

President Muhammadu Buhari has completed his term of office. His campaign was premised on fighting corruption, insecurity and fixing the economy. Three and half years down the road, his administration claimed to have accomplished these goals. Lai Mohammed, Minister of Information, consistently...

The presidential candidate of Alliance for New Nigeria (ANN), Fela Durotoye, has said he would strive to build equal opportunities where every Nigerian would have equal stake if elected the president of the country in next year’s presidential election. Durotoye, who is a renowned management...

The Independent National Electoral Commission, INEC is to review the progress made on the collection of outstanding Permanent Voter Cards (PVCs) and new modalities for a more efficient administration of the collection process. INEC is also considering the method of recruitment and training of...