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Some of Nigeria’s top bankers and business elites are increasingly buying London property as a hedge against economic uncertainty and currency volatility, despite rising taxes in the United Kingdom’s luxury housing market. What was once viewed largely as a status symbol is increasingly becoming a broader strategy for wealth preservation, international diversification and long-term asset […]

…Opposition call for INEC reversal of 2027 timetable. …INEC cow to appeal judgement. Nigerian opposition political parties have overwhelmingly praised the Federal High Court ruling delivered by Justice M.G. Umar, which nullified the Independent National Electoral Commission’s (INEC) restrictive guidelines and deadlines for the 2027 general elections. The landmark judgment triggered by a lawsuit from […]

The National Agricultural Development Fund (NADF), in a bid to promote standardised farming practices, has launched a comprehensive, nationwide fertiliser manual designed to maximise crop production and enforce critical safety protocols across Nigeria. This new harmonised guide bridges the gap between modern agricultural science and local farming communities, providing a unified framework to protect both […]

Business Day, established in 2001, is a daily business newspaper based in Lagos. It is the only Nigerian newspaper with a bureau in Accra, Ghana. It has both daily and Sunday titles. It circulates in Nigeria and Ghana… Read More… Phone:+234-803-322-5506 |+234-802-601-1296 |+234-813-346-4051 Source link

Nigeria has thrown its weight behind the Food and Agriculture Organisation’s (FAO) push for deforestation-free finance, signalling a major step towards embedding sustainability into the country’s food systems. The endorsement, made at a two-day workshop organised by FAO in Lagos recently, with the theme ‘Advancing Deforestation-Free Finance in Nigeria’s Banking Sector: From Roadmap to Implementation,’ […]

Nigeria’s power sector continues to face a persistent liquidity crisis driven less by capacity constraints and more by structural weaknesses in cashflow collection tariff design and counterparty creditworthiness. The Nigerian Electricity Supply Industry historically operated on a sequential payment chain from customers to Distribution Companies (DisCos), Nigeria Bulk Electricity Trader (NBET), Generation Companies (GenCos), and […]

Femi Otedola, chairman of First HoldCo, has said proceeds from the sale of his stake in Geregu Power Plc will be channelled into the planned private placement and IPO of the Dangote Petroleum Refinery. Speaking during a visit to the refinery alongside top executives of First HoldCo, Otedola disclosed that he would acquire shares worth […]

Atiku Abubakar, former vice president has condemned the abduction of school children in Oyo State and the continued killings in Katsina State, describing the incidents as further proof of a worsening security crisis and what he called a failure of leadership under President Bola Tinubu. He accused the Federal Government of offering “empty statements” while […]

From Aliko Dangote’s growing dominance on Nigeria’s stock market to weakening remittances in Kenya and renewed inflation pressures across major economies, policymakers and investors are navigating a tougher macroeconomic environment marked by higher oil prices, global uncertainty and rising fiscal risks. Here are some of the stories shaping the week Dangote rejoins Rabiu, Elumelu with […]

…opens market opportunities for Nigerian palm oil exporters Russia has expressed interest in expanding palm oil imports from Nigeria as part of efforts to diversify its supply chain and strengthen economic cooperation with Africa’s largest economy. The Russian Trade Mission in Nigeria said the growing demand for palm oil in Russia presents significant export opportunities […]