Publication
Niger ia’s equit y boom pushes mar ket value beyond N130tr n
The Nigerian Exchange Limited (NGX) has officially crossed the N130 trillion market capitalisation mark, a milestone that says much about the country’s economic resurgence as it does about growing investor optimism. Nigeria’s stock market...
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Gas-r ich Niger ia faces blackouts amid five-year high flar ing
Nigeria holds one of the world’s largest untapped gas endowments, yet millions of its citizens continue to grapple with chronic electricity shortages led by grid collapses, load shedding or disturbances. Despite sitting on an estimated 600 trillion...
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Middle East war threatens Tinubu’s reform gains
Thousands of kilometres away from Nigeria’s shores, rising tensions between the United States-israel and Iran are beginning to ripple through the global economy. For Nigeria, the fallout may come at a delicate moment, just as the country was beginning...
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OPINION
Why well-funded public healthcare often serves nations better than private healthcare
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World’s largest shipping line wins 45-year Lagos por t deal
Mediterranean Shipping Company (MSC), the world’s largest container shipping line, has secured a 45-year concession to develop a new container terminal at Snake Island Port in Lagos. The Geneva-based group said it had signed the concession agreement...
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Niger ia’s $400m expor t r oute cr umbles as major car r ier s shun Gulf por ts
Muhammad Gummi, chief executive officer of G-baneen Nigeria, is living on a Ramadan prayer that his shipments will successfully arrive in the Gulf. His sesame seeds and cashew left the Apapa port in Lagos on February 26 aboard a Maersk vessel headed...
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The dark millions behind Federal School of Statistics’ unaccredited courses
When Kunle Olayode received his admission letter from the Federal School of Statistics, Ibadan, in 2021, it felt like the first real step toward the future he had carefully imagined. At 25, he believed a Higher National Diploma in Business...
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Rising f uel pr ices r eignite inflation nightmar e
Nigeria’s fragile progress in taming inflation is once again under threat as a new surge in fuel prices ripples through Africa’s biggest oil-producing country, stoking fears that the country could slide back into a prolonged cost-ofliving...
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Federal finances under strain as debt costs swallow revenues
When President Bola Tinubu swept away Nige-ria's petrol subsidy and allowed the naira to float shortly after taking office in 2023, the reforms were framed as a painful but necessary reset. The government argued the measures would unlock trillions of...
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Makoko: Life on edge, as govt halts demolition, residents still in fear
It is just a stroke of luck or probably divine mercies that Ebikamo Eruwari, a 72-year-old retiree, survived death after his home was demolished in Makoko, a slum waterfront community in Lagos. Originally from Sagbama in Bayelsa State, Eruwari, who...
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INTERVIEW
When a woman understands her strengths, she stops shrinking to fit into spaces - Yetunde Ajibade
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Indian companies invest over $27bn in Niger ia, says High Commissioner
Amb. Abhishek Singh, High Commissioner of India, on Thursday estimated that Indian companies have cumulatively invested around $27 billion in Nigeria. These companies, he said, are active in sectors including pharmaceuticals, power, transmission,...
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How Tinubu’s cabinet reshuffle reached the White House before his Minister did
Doris Uzoka-anite, now former minister of state for finance, was midway through a carefully choreographed investment and diplomatic mission in Washington when the news of her movement from the finance ministry began to ripple through her phone. At...
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Niger ians feel pinch of US-IR an war as petr ol jumps 13% in 48 hour s
When Taiwo Adeyemi, a logistics driver attached to Uber in Nigeria’s commercial capital, pulled into a filling station on Tuesday morning, the price board stopped him cold. Petrol had jumped to N970 per litre, up from the N860 he paid just days...
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Niger ia bleeds $21m daily as output gap dents oil w indfall
Africa’s biggest oil-producing country is forfeiting an estimated $21 million in oil revenue daily despite a surge in crude prices triggered by escalat
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Expanding economy yet to ease Nigeria’s living costs
Nigeria’s economy may be growing at its fastest pace in three years, but for many households, the recovery remains largely statistical. Data from the National Bureau of Statistics show the economy grew 3.87 percent in 2025, with fourth-quarter output...
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Real peace, fellow-feeling replace xenophobia in South Africa
Call it peace at last, or whatever that sounds good, that is the reality in South Africa now. Citizens and foreigners are at peace with each other, as little or no unrests and attacks have been witnessed for a long time. Interestingly, Nigerian...
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INTERVIEW
Busayo Olanipekun: Expanding Responsible Retail Credit Access in Nigeria
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Sony ’s AI music detection tool spotlights Niger ia’s copyr ight gaps
The recent unveiling of a new Sony Group AI system, capable of measuring the use of copyrighted material in tracks created by arti cial intelligence, has brought Nigeria’s legal framework into sharp focus, highlighting the urgent need for updated...
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L-R: Ayoolanrewaju Kuyebi,
MD/CEO, GHM Luxury; Oludare Makinde, chief commercial officer, Qshelter Limited; Akin Opatola, Chapter president, FIABCI-NIGERIA; Okereke Bright, co-founder/ chief operating officer, Fling Realty Limited; Olayinka Abiodun Olumide, commissioner for...
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CBN delivers cautious rate cut on election jitters
The Central Bank of Nigeria delivered a rate cut on Tuesday, but the 50-basis-point reduction to 26.5 per cent was more of a cautious nudge than the aggressive pivot many had anticipated, even as headline in ation slowed to an 11-year low.
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Businesses strained under advert regulator’s vetting regime
Nine months a er the Advertising Regulatory Council of Nigeria (ARCON) introduced additional vetting processes to curb the use of online adverts for scams, questions are arising whether the policy is achieving its intended aim. e May 2025 directive,...
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Naira rally lifts Nigeria stocks to Afr ica’s top spot
Nigeria is o cially the best stock market in Africa right now, riding on the back of a strong naira, foreign investor appetite, and a bull market run to become the continent’s top performer in 2026. Businessday analysis of the data from African...
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Low turnout, votebuying, logistical gaps mar FCT council polls
The Federal Capital Territory (FCT) council elections commenced on Saturday amid tight security, but the exercise was characterised by low voter turnout, reports of vote-buying, logistical setbacks and late arrival of electoral officials in several...
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INTERVIEW
Africa’s monetization maverick: How Apollo’s blueprint turned creativity into currency
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As lawmakers tinker, trust in 2027 election wanes
By 8 a.m. on February 20, 2027, millions of Nigerians are expected to queue under the sun, ballot papers in hand, once again placing their faith in a system many believe is still struggling to protect their votes. Yet, nearly a year before the first...
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CBN r eopens dollar tap for BDCS to cur b nair a gap
The widening exchange rate gap between Nigeria’s o cial and parallel markets is expected to narrow a er the Central Bank of Nigeria (CBN) reopened access to the official foreign exchange market for more than 80 licensed Bureaux De Change, following a...
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Stocks rally as pension funds igniteliquiditytsunami
Nigeria’s stock market surged on Tuesday a er a quiet but powerful rule change released fresh
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FX market gap widens first time in three years
The gap between Nigeria’s o cial and parallel exchange rates has widened to more than N90, marking the widest divergence
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NLC threatens election boycott over Senate inconsistency on e-transmission of results
The Nigeria Labour Congress (NLC), on Sunday, expressed deep concern over the confusion and contradictory narratives emerging from the Senate regarding the amendment to the 2022 Electoral Act, particularly on electronic transmission of results,...
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Nigeria lags Ghana, Senegal in election management
On election day in Ghana in 2024, the mood was calm. Voters queued patiently, polling officials worked with quiet efficiency, and results flowed with minimal drama. By the end of the process, Ghana had once again reinforced its reputation as one of...
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‘I was inspired by the vision of building something meaningful’, lessons from Morenike Molehin’s journey
PROFILE
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Telecom giants chase data as subscr iber gr ow th plateaus
Nigeria’s telecommunications giants have turned their attention to data as subscriber growth plateaus in the country’s maturing mobile market, spurring a shi in infrastructure investment.
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Naira mutual funds surge 140% as dollar bets cool
Naira-denominated mutual funds surged by about 140 percent in one year as investor appetite shi ed away from dollar
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Oil output r ace tilts in favour of local fir ms af ter 70 year s
Nigerian indigenous oil companies have eclipsed their international counterparts for the
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Budget pr ior ities under scr utiny as finance outpaces gr ow th ministr ies
Nigeria’s federal budgets over the past decade have consistently favoured the ministry of finance, reflecting the heavy burden of rising debt at the expense of growth-driving sectors such as agriculture, power and works. A review of budget allocations...
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Nigeria’s rusty affair with Ajaokuta Steel leaves billions wasted
Nigeria has spent N46.62 Day.billion on its agship Ajaokuta Steel Company over the past decade, even as the facility has failed to produce a single tonne of steel commercially, according to budget data analysed by Business Conceived in the late 1970s...
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Governance falters as Nigeria slips into 2027 campaign mode
While Nigerians await the release of the 2027 general election timetable from the Independent National Electoral Commission (INEC), political machinery is already grinding into campaign mode. Across the country, the signs are unmistakable: solidarity...
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PROFILE
How a Nigerian tech founder is redefining global digital infrastructure intelligence
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Niger ian female ar tistes loved abr oad, over looked at home
Nigerian female Afrobeat stars are gaining more prominence on the international music scene than in their home country, data analysed by Businessday shows. According to a 2025 review of airplay and streaming data by Turntable Charts, not one female...
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Niger ia’s tax law deliver s ear l y pay gains for wor ker s
Nigeria’s new tax law is already translating into higher takehome pay for several formal sector workers, with January salaries re ecting reduced Pay-asyou-earn (PAYE) deductions, according to early payroll data and human resource managers. e changes,...
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Niger ia settles N501bn power debt as T inubu tackles decades-old cr isis
Nigeria raised N501 billion in its rst bond sale dedicated to clearing power sector debts, achieving full subscription as President Bola Tinubu’s administration moves to address payment arrears that have choked electricity generation for over a decade.
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Nigeria caught in borrowing web as deficit surges 984% in 11 year s
Nigeria has been caught in a borrowing web in the last decade as the budget de cit widened from N2.2 trillion in 2016 to N23.85 trillion in 2026, representing a 984 percent increase in 10 years. Debt servicing jumped from N1.48 trillion to N15.52...
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Niger ia’s power math flips as solar becomes cheaper than gr id
Solar power has become cheaper than electricity from Nigeria’s national grid for the rst time, marking a turning point in the nation’s e orts to deliver reliable
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Nigerians task FG, states on proper deployment of tax revenue
L-R: Pauline Koelbl, founder and managing partner, Shequity; Adesuwa Okunbo-rhodes, founder and managing partner, Aruwa Capital Management; Lise Birikubdavyi, managing partner, BKR Capital, and Payel Farasat, chief growth advisor, FINCA International...
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