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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
Shell/Renaissance deal setback exposes crack in Nigeria's oil industry
An executive of global oil giant, Shell, once described Nigeria as the “jewel in the crown” of the oil major’s empire. Yet in recent years the jewel has lost its lustre....
Editor | Oct 28, 2024
Naira
Dollar funds' assets value nearly triple on naira devaluation
The net asset value of dollar funds rose to N1.67 trillion in the first nine months of 2024, from N550.5 billion reported in the corresponding period of 2023, according to BusinessDay analysis...
Editor | Oct 28, 2024
Economy
Economic Week Ahead: US GDP data & Nigeria PMI
The United States' third quarter GDP report is the biggest economic data release scheduled for this week with Stanbic IBTC's Nigeria's Purchasing Managers Index (PMI) ...
Editor | Oct 28, 2024
Election
Do we still need elections in Nigeria?
Elections are losing their values in Nigeria. They are becoming moribund and anachronistic. The question is why do we still pretend that elections are of any use in this country? ...
Editor | Oct 27, 2024
Oil & Gas
Four ways FX-starved Nigeria can boost oil output
On October 22, Wale Edun, finance minister and coordinating minister of the economy, told investors in Washington DC that Nigeria needed to raise oil production to address foreign exchange (FX) supply issues....
Editor | Oct 25, 2024
Economy
What can derail gains of Nigeria’s economic reforms?
Summary: Nigeria is at a critical juncture in its economic reform journey, but without pro-poor policies and efficient governance, the road to recovery remains rocky. ...
Editor | Oct 25, 2024
Economy
CBN strengthens diaspora ties to boost Nigeria’s remittances
The Central Bank of Nigeria (CBN) has led a combined team of the Nigeria Inter-Bank Settlement System...
Editor | Oct 25, 2024
Economy
What the World Bank Chief Economist failed to say about reforms in Nigeria
The Chief Economist of the World Bank, Indermit Gill, attracted a deserving response after saying at the opening plenary of the just concluded Nigerian Economic Summit that economic...
Editor | Oct 24, 2024
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