business day news

In spite of the present challenges in the Nigerian economy, opportunities still abound locally in key sectors such as the agriculture and manufacturing. Cucumber and watermelon production in Nigeria are some of those opportunities that still need to be explored. Nigeria has comparative...

Nigerian listed insurers are paying more claims due to exposure to the oil and gas sector which should help bolster confidence in insurers by customers. Of the N77.16 billion claims expenses incurred by 20 insurers in the third quarter (Q3) of 2018, life business made up … Read more via...

Former president Goodluck Jonathan has said that corruption has gotten worse since he left office in 2015. Jonathan, whose administration was painted as one of the most corrupt in the country’s history, argued in his book, released yesterday that corruption in Nigeria has actually gotten …...

The Federal Government has begun the process for the commercialization of four River Basin Development Authorities (RBDAs) in the country – the Niger-Delta, Sokoto-Rima, Ogun-Osun and Upper Niger. Alex Okoh, Director General of the Bureau of Public Enterprises (BPE) announced this during the...

Atiku Abubakar, the presidential candidate of the People’s Democratic Party (PDP) has promised to set Nigeria on the path of becoming a $900 billion economy by 2025 if elected into office in 2019. The promise is contained in his policy document seen by BusinessDay yesterday. … Read more via...

President Muhammadu Buhari has assured that Nigeria will overcome issues threatening the nation’s unity despite threats The President stated this on Thursday while launching the “Buhari Unity Band” organized by the Good Governance Ambassador of Nigeria (GOGAN).... Read more via BusinessDay...

President Muhammadu Buhari on Thursday was conferred with the prestigious Polio Champion Award in recognition of his uncommon commitment and leadership in the polio eradication programme in Nigeria. The award was conferred on him at the Presidential Villa, Abuja, by the Rotary International...

Nigerian drug makers want the federal government to ask its ministries, departments and agencies (MDAs) to implement Executive Order 03 to drive patronage of locally manufactured medicines. Nigeria’s President Muhammadu Buhari came up with Executive Order 03 in 2017 to enhance local content...

Nigeria’s first livestock e-commerce platform, Livestock247, launches animal identification and traceability technology to compliment government’s efforts of regulating, structuring, transforming and promoting investments in the livestock sector of the economy. The platform is structured to...

Less than six months after commissioning its 1.5million metric tonnes per annum (mtpa) Kalambaina Cement Plant in Sokoto State, BUA Cement has announced completion of its newest Obu plant in Edo State, which has a capacity to churn out 3 million mtpa of cement … Read more via BusinessDay ...

Bunmi Aliyu is a project manager with Clarion Events, with extensive experience in marketing and communications strategy and business development. In this interview, she spoke on the potential in the retail industry, exhibition business and expectations at IGF Expo this November. How has the …...

Central Bank of Nigeria (CBN) on Friday said there were no plans to phase out the lower denomination banknotes, specifically the N100 note. The N100 banknote has been scarce and the ones available are mutilated, raising concern among Nigerians, who are wondering whether the … Read more via...

Yakubu Dogara, Speaker of the House of representatives on Friday expressed disgust over poor implementation of federal capital projects across the country. The Speaker who expressed the concern during the tour of multi-billion naira permanent site of National Institute of Legislative and...

The Central Bank of Nigeria (CBN) on Tuesday issued exposure draft on revised standard on Nigerian Uniform Bank Account Number (NUBAN) for Deposit Money banks and Other Finance Institutions (OFIs). The standards are for the efficient operations of Electronic Funds Transfer and cheque clearing...

Diamond Bank Plc, has gotten an offer from a major investor who is willing to inject cash by increasing its stake that would enable the tier two lender boost its capital adequacy ratio above the Central bank threshold of 15 percent maximum, Seyi Bickersteth … Read more via BusinessDay : News...

As the Independent National Electoral Commission (INEC) displays voters register at Polling Units across the country from Tuesday, the National Chairman of the Peoples Democratic Party (PDP), Uche Secondus has charged Nigerian voters to troop out to their various polling booths to check their …...

No fewer than 300, 000 Nigerians have been disenfranchised ahead of the 2019 as the Independent National Electoral Commission (INEC) said it had removed their names from the voter register last week. Mahmood Yakubu, INEC Chairman said the names were removed from the voter register … Read...

There are strong indications that the scheduled nationwide strike may be suspended, owing to emerging developments from the ongoing Tripartite Committee meeting on the new minimum wage. Feelers from the meeting show that Federal and subnational government may concede to Organised labour’s...

A breakdown of the $373 million said to have been facilitated to different areas of the agricultural value chain by the Nigerian Incentive Based Risk Sharing System for Agricultural Lending, (NIRSAL), has been provided to BusinessDay. In a detailed response provided by NIRSAL .... Read more...

A Nigerian firm has set up a donation- based crowdfunding website to raise funds in the form of grants for start-ups, micro, small and medium enterprises in Nigeria and beyond. The MSME Crowd Funding Foundation is set to officially launch www.fundanenterprise.org through which start-ups can...