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Markets
Northern Billionaires split biggest chunk of Jaiz Bank’s N4.91bn dividend
Nigeria’s premier non-interest financial institution, Jaiz Bank Plc recently got shareholders approval for a massive 57 percent increase in its dividend payout to 11 kobo per share following a stellar financial year 2025....
Oil & Gas
Frontier Exploration Fund faces scrutiny amid oil production struggles
Nigeria’s Frontier Exploration Fund created to finance the exploration of crude oil and gas in Nigeria’s inland basins is facing increased scrutiny following the nation’s oil output...
Editor | Nov 06, 2024
US Election
Immigration tops Nigerians’ concerns as U.S. elects new president
Nigerians are mostly concerned about immigration issues as the United States of America votes to elect its 47th president. BusinessDay’s search on social media...
Editor | Nov 06, 2024
US Election
How Trump or Harris' win will shape Nigerian markets
The world is bracing itself for a Donald Trump or Kamala Harris' win in the Tuesday presidential election in the United States. No matter who wins, markets will react in certain ways...
Editor | Nov 05, 2024
Inflation
Banks’ N1.2trn loans at risk on inflation, interest rates
Rising interest rates, surging inflation and naira devaluation led to a 107 percent surge in impaired loans’ value in the books of nine out of 10 listed banks in the first nine months of 2024...
Editor | Nov 05, 2024
Economy
70 firms exited Nigeria in 7 years on FX, power
In the last seven years, more than 70 companies have exited Nigeria owing to familiar challenges such as foreign exchange crunch, high energy costs and inflationary pressures....
Editor | Nov 04, 2024
Technology
Nigeria’s smartphone adoption surpasses feature phones first time ever
Smartphone adoption in Nigeria surpassed feature phone penetration for the first time in September 2024, according to new data from the Nigerian Communications Commission (NCC)....
Editor | Nov 01, 2024
Manufacturing
Manufacturers raise investments by 32% on rising confidence
It was the usual hum of conveyor belts and the pounding of hammers at an Agbara, Ogun State-based factory. Outside the factory was a set of newly arrived machines that could process...
Editor | Oct 31, 2024
Aviation
Airfares jump 250% in 12 months amid Christmas bookings
Christmas bookings from Nigerians from various parts of the world have begun amid 250 percent rise in airfares in 12 months. Outbound and inbound one-way economy class tickets...
Editor | Oct 31, 2024
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