TOP STORIES
Markets
S&P DJI places Nigeria on 2027 watchlist for Frontier Market Upgrade
In a significant nod to Africa’s most populous economy, S&P Dow Jones Indices (S&P DJI) has officially placed Nigeria on its 2027 watchlist for a potential upgrade from "Standalone" to Frontier Market status.
Iheanyi Nwachukwu | Jul 08, 2026
Markets
Why BUA Foods ticker only dances to the Abdul Samad tune
In the upper echelons of the Nigerian Exchange Limited (NGX), market forces usually dictate the rhythm of stock prices – but BUA Foods Plc operates on an entirely different playlist.
Iheanyi Nwachukwu | Jul 08, 2026
Economy
Credit-shy banks hold historic liquidity buffer as funds flow to govt debt
A Nigerian creative entrepreneur spent months knocking on the doors of banks in search of financing to grow her business. One after another, lenders turned her away until she finally found one willing to take a chance on her.
Hope Moses-Ashike | Jul 08, 2026
Markets
Wema Bank: Three shareholders earned 63% of N50bn dividend payout
Just three ultra-high-net-worth investors emerged as the primary beneficiaries of Wema Bank Plc’s massive dividend distribution for the year 2025.
Iheanyi Nwachukwu | Jul 07, 2026
TAX360
Explainer: How your top 5 assets fit into Nigeria’s new tax brackets
Returns from investment assets in Nigeria are subject to varying tax treatments, depending on the nature of the instrument and the type of income generated....
Chioma Nwangwu | Feb 12, 2026
Nigeria to tax 80% informal workforce using presumptive taxes
A larger percentage of the Nigerian workforce is currently operating without a single financial record. To reach them, authorities are deploying a controversial tool: the Presumptive Tax....
Ayomide Odunlami | Feb 05, 2026
Five tax rules shaping 2026 business filings
Filing season for 2026 will come with more scrutiny and expectations from tax authorities.
Nigeria’s tax law delivers early pay gains for workers
Nigeria’s new tax law is already translating into higher take-home pay for several formal sector workers, with January salaries reflecting reduced Pay-As-You-Earn (PAYE) deductions, according to early payroll data and human resource managers....
Ayomide Odunlami | Jan 29, 2026
Tax reforms in 2026: More govt revenue or more pain for citizens?
As Nigeria prepares for the first year of implementation of its tax reforms, questions are emerging over whether the new framework will increase public revenue without adding pressure on households and businesses amid a weak economic environment....
Chioma Nwangwu | Dec 29, 2025
EDITOR’S PICKS
Economy
Nigeria's cash squeeze stalls capital spending despite revenue gains
Nigeria's federal ministries, departments, and agencies are struggling to execute capital projects despite improving government revenues, as delayed cash releases stall infrastructure spending,...
Cynthia Egboboh & Favour Okpale | Jul 09, 2026
Technology
Nigeria's smartphone ambition faces ghosts of assembly lines past
Nigeria is once again betting that it can build the smartphones its citizens increasingly struggle to afford....
Royal Ibeh and Obidike Okafor | Jul 09, 2026
Pensions
Pension recapitalisation triggers first major merger as Premium, Trustfund combine
Ahead of a sweeping recapitalisation deadline that will reshape Nigeria's pension industry, two of the country's largest Pension Fund Administrators (PFAs), Premium Pension and Trustfund Pensions, have unveiled plans to merge, marking the first major cons...
Modestus Anaesoronye | Jul 08, 2026
TODAY'S E-PAPER
Newsletters
Briefings on the Margin
All that glitters is state property
BusinessDay | Jul 03, 2026
YSoT
Beyond reform: Building the institutions that sustain national transformation
BusinessDay | Jul 03, 2026
MacroFiscal Risk Africa
Evaluating the risks in Nigeria’s $5bn total return swap gamble
Iyoha FA | Jul 03, 2026
MacroFiscal Risk Africa
South Africa's xenophobia tax and the fiscal price tag of hatred
Iyoha FA | Jun 29, 2026
WHO IS THINKING FOR NIGERIA
Nigeria's quality deficit and the hidden cost of poor professional services 
A mechanic repairs a vehicle only for the same fault to return a few weeks later. A POP ceiling installed today begins to sag or collapses months afterwards. ...
Martins Owadasa-Olusola | Jul 09, 2026
Nigeria and the nation-building blueprints nobody bothered to pick up
This last weekend, America turned two hundred and fifty years as an independent nation. Fireworks marked success and survival, but  also the triumph of careful design. The framers gave their nation a blueprint, "in order to form a more perfect union".  ...
Dr. Richard Ikiebe | Jul 08, 2026
DNA testing should become part of post-birth care in Nigeria
The sayings, “Only a mother knows the father of her child” and “DNA is the beginning of wisdom” seem to be in growing conflict in contemporary Nigeria. Trust once settled questions of parenthood. 
Research Report
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INSIGHTS
Economy
Nigeria's reform execution test: Trust, food and factories after stabilisation
Oluyemi Adeosun | Jul 10, 2026
Economy
Nigeria’s reform moment: Stability is returning, but confidence must be earned
Oluyemi Adeosun | Jul 10, 2026
Economy
The ballooning federal deficit and Nigeria’s borrowing spree: Where is the money going?
Prisca Ndu | Jul 10, 2026
Markets
Egypt's privatisation gamble: When crisis becomes a market signal for Africa
Oluyemi Adeosun | Jul 06, 2026
OPINION
Anyhowness Is Expensive: Separation is not divorce. Knowing is not optional
Udo Maryanne Okonjo
Of State Police conundrum, playing the ostrich, and Ekiti election beyond the razzmatazz
Zebulon Agomuo
The Name She Built: Identity is not a marital asset
Udo Maryanne Okonjo
The gap between what Nigerian business owners believe about AI and what they have actually done with it
Olufemi Kazeem Oluoje
CAREERS & MOBILITY
Visa ban halts Nigerian students' American dream
Managing the generational gap at work using artificial intelligence (AI) 
Canada PR: Misrepresenting marital status for PR advantage is a grave breach
How Nigerian immigrants can secure a job in Canada in 3 months
Bridging the gap between education and employment in Nigeria
Potential may not always be packaged and polished
INTERVIEWS

How we survived the naira fall and sustained growth in the past decade — Tinubu

Primero Transport Services Limited is one of the operators of the Bus Rapid Transit (BRT) in Lagos State, with about 500 buses operating within the Ikorodu to TBS corridor.... Osa Victor and Wasiu Alli

How Nigeria can curb food inflation and restore purchasing power – World Bank

Wasiu Alli and Cynthia Egboboh
Bullet acquisition sets Champion Breweries on fast track to export-led growth
Lolade Akinmurele
Localised solutions: How Nnaemeka Ikegwuonu’s ColdHubs turns food waste into rural wealth
Stephen Onyekwelu
How NIMC is transforming governance through digital identity – Coker-Odusote, DG/CEO NIMC
John Osadolor, Bashir Ibrahim Hassan, Onyinye Nwachukwu, Anthony Ailemen and Ladi Patrick-Okwoli
‘Africa’s wealth must work for Africa’- Hott
Lolade Akinmurele
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