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Life and Arts
Kizz Daniel: The rise of Nigeria’s 'King of Bangers'
Kizz Daniel has earned the title of undisputed ‘King of Bangers’ through consistent hit-making since his 2014 breakout. His strategy......
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
Economy
Why state governors must embrace new revenue reality
Recently, the news broke that Northern governors opposed a proposed tax reform bill, describing it as ...
Editor | Nov 14, 2024
Economic Insight
Economic Insight: Deregulation in Nigeria: A journey far from complete
Deregulation in Nigeria’s oil and gas sector may not bring down the price of petrol unless the naira regains its value and global oil prices fall. Despite progress, full deregulation remains a distant goal...
Editor | Nov 05, 2024
Stocks
Aradel to pay N34.8 billion interim dividend less than a month after listing
In nine months in 2024, Aradel Holdings posted a net profit of N110.6 billion, marking a 477 percent year-on-year growth, from the N19.2 billion recorded in the corresponding period in 2023. Hence, the dividend......
Editor | Oct 31, 2024
Debt
States grow debt by 38.1% in one year
Thirty-six states and the Federal Capital Territory (FCT) accumulated a total debt stock of N10 trillion, representing a 38.1 percent increase from N7.25 trillion recorded in 2022...
Editor | Oct 30, 2024
Mutual funds
Investors flock to mutual funds as assets jump 39%
Investors piled into mutual funds in five months to May 2024, pushing up their net asset value by 39 percent. High returns drove the appetite for mutual funds...
Editor | Oct 28, 2024
Oil & Gas
50% drop in PMS usage validates cross-border smuggling
The once-thriving petrol black market in West Africa has been topsy-turvy lately after Nigeria adopted full deregulation in the downstream sector....
Editor | Oct 23, 2024
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