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Food crisis
Farm input demand spikes on food price hike
Farm inputs dealers are smiling to the bank as increased food prices have pushed up demand for fertilisers, herbicides, pesticides and seeds....
Food crisis
Farm input demand spikes on food price hike
Farm inputs dealers are smiling to the bank as increased food prices have pushed up demand for fertilisers, herbicides, pesticides and seeds....
Editor | Jan 16, 2025
Debt
Customers to lose banking lifeline over N160bn USSD debt
Millions of banking customers will lose access to the Unstructured Supplementary Service Data (USSD) of nine banks after telecommunication firms stop supporting these codes because of a N160 billion debt....
Editor | Jan 16, 2025
Consumer Insight
What to expect from consumer goods firms in 2025
The Nigerian consumer goods sector was confronted with significant challenges in 2024 which include heightened inflation, FX volatility, and declining consumer spending....
Editor | Jan 13, 2025
Inflation
Here’re five projections of the naira, inflation in 2025
The year 2025 promises to be one of moderation for the naira and inflation as analysts have predicted that the Nigerian economy will witness a steady ride unlike the rampant pains occasioned by rising prices, weak currency in the outgone year....
Editor | Jan 13, 2025
Stock Market
Why MTN Nigeria shares are off to a flying start in 2025
In 2025, MTN Nigeria has been one of the outstanding performers in the Nigerian Exchange, appreciating by 21 percent since the start of the year....
Editor | Jan 13, 2025
CBN Policy
Ghost of 2022 cashless policy haunts PoS operators
The Central Bank of Nigeria’s (CBN) new agent banking transactions policy signals a repetition of its 2022 cashless and withdrawal policy, which caused widespread cash scarcity and disrupted economic activities in early 2023....
Editor | Dec 19, 2024
Energy
African Energy 2024: Surging investment, waves of change
Capex trends all demonstrate that investors won’t limit themselves to mature fields: Eyes are on fresh locations, fresh facilities, and fresh opportunities in Africa...
Editor | Dec 18, 2024
Stock Market
Foreign investors rake in N439bn from Nigerian stocks in 10yrs
Foreign portfolio investors who took long term positions in Nigeria’s equities market have made about N439.48 billion since 2014. ...
Editor | Dec 18, 2024
Manufacturing
Seven highlights of BUA Foods nine-month financials
BUA Foods, a fast-moving consumer goods firm, recorded a 91 percent after-tax profit growth to N201.4 billion in the nine months of 2024 from N105.6 billion in the similar period of 2023....
Editor | Dec 12, 2024
FX Reserve
Foreign portfolio inflows boost Nigeria’s FX reserves by $7.7bn
Nigeria's external reserves grew by $7.7 billion over the 11 months period to November 2024, swelling to $40.3 billion as portfolio investors took advantage of the elevated interest rate environment. ...
Editor | Dec 10, 2024
Politics
Giant of Africa? Ghana’s flawless presidential election exposes Nigeria’s INEC
In Accra this week, Ghana delivered a masterclass in democratic excellence. The country conducted a presidential election devoid of violence, credible disputes, or logistical chaos—a sharp contrast to the shambolic spectacles ...
Editor | Dec 09, 2024
Naira
Why naira is appreciating and how long it may last
The naira has seen steady appreciation since the Eurobond sales and the introduction of the Electronic Foreign Exchange Matching System (EFEMS) on Monday....
Editor | Dec 09, 2024
Agriculture
The curious case of how Netherlands’ agricultural productivity trumps Nigeria’s
Despite Nigeria's vast agricultural resources (about 70.8 million hectares of arable land), favourable climatic conditions, a youthful and growing population, and a large market that attracts investors, hunger and poverty remain a persistent issue. ...
Editor | Nov 22, 2024
Manufacturing
Local input sourcing rises 17% on forex crunch
Foreign exchange scarcity pushed Nigerian manufacturers into sourcing more raw materials locally, raising domestic input sourcing by 17 percent in 10 years, according to BusinessDay analysis...
Editor | Nov 18, 2024
Economy
Volatile naira sours South African investors’ appetite for Nigeria
South African business owners recognise the vast potential of Africa’s most populous nation, but many are hitting a roadblock—the unpredictable swings of the naira....
Editor | Nov 14, 2024
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