Top Stories Add to myBD
Analysis
Building cities of hope, not more states
The clamour has started again. Politicians in Abuja are pushing for 31 new states, as if multiplying governors and assemblies is the key to progress...
Agriculture
Weak naira squeezes cocoa processors, chocolatiers
The steep devaluation of the naira is taking a heavy toll on cocoa processors and chocolate makers who now have to pay more to access their most important input....
Editor | Nov 29, 2024
Stock Market
Fixed-income, equities markets see sell-off after rate hike
The 25 basis points hike by the Central Bank of Nigeria (CBN) monetary policy committee (MPC) resulted in a sell-off across both fixed-income and equity markets, as investors grapple with the implications of tighter monetary conditions....
Editor | Nov 28, 2024
Energy
Is Port Harcourt refinery same as blending plant?
The much-anticipated resumption of the Port Harcourt Refinery’s Old Wing, celebrated as a milestone in Nigeria’s drive for energy self-sufficiency, has been overshadowed by controversy following reports......
Editor | Nov 28, 2024
Inflation
Cardoso says inflation, FX pressures to abate early 2025
The Central Bank of Nigeria (CBN) will deploy every possible ‘orthodox’ strategy to tame inflation, Governor Olayemi Cardoso said on Tuesday, with a firm assurance that ongoing monetary tightening measures......
Editor | Nov 28, 2024
Economy
Argentina’s reform gains expose chink in Nigeria’s armour
The men with two of the world’s toughest jobs are reaping different fruits from far-reaching reforms implemented since they took on the reins of Nigeria and Argentina. Argentina’s reforms, anchored in economic prudence and fiscal discipline...
Editor | Nov 27, 2024
Interest rate
Winners and losers of CBN’s latest rate hike
The Nigerian economy faces mixed consequences from the Central Bank’s 25 basis-point interest rate hike on Tuesday, with clear winners and losers emerging. While higher rates are a powerful tool for taming inflation...
Editor | Nov 27, 2024
Economy
Nigeria’s middle class shrinks as income fails to beat inflation
Gbemisola Ademola, a 44-year-old mother of five children, could stock up food items for the month and buy clothing and other household items last year....
Editor | Nov 26, 2024
Economy
Industries' thirst for palm oil sees prices surge by 120%
In a market survey, BusinessDay found that the price of a 5-litre keg of palm oil rose to N11, 000 this month from N5,000 obtained in November 2023, indicating a 120 percent increase over the period....
Editor | Nov 26, 2024
support_agent
phone
mail_outline
language
help_outline
Conference Ad Conference Ad