Businessday Nigeria Archive

Thursday, May 28, 2020

CBN’s 12.5% MPR means a decline in banks’ lending, deposit rates

Buhari lists achievements on economy, others as administration marks 5th anniversary

The looming fiscal crisis and the wisdom of Obafemi Awolowo

NIPRD partners Bloom Public Health to strengthen pharmaceutical research, development

Bola Preye Ayo, the exceptional political lobbyist on top of her grind

AfDB: Obasanjo, finance minister rally support for Adesina against ‘external influence’

Dateline Lagos 1941-1946: The Gari war

Boundaries and restrictions

The chain of events that led to Germany’s change over Europe’s recovery fund

China approves plan to impose national security laws on Hong Kong

Tencent launches $6bn bond in record Asia fundraising rush

DJ Cuppy hosts Apple’s first ever African radio show in big dollar deal

Designing insurance for the next pandemic

Doctor, we cannot get pregnant again!

Nigeria protein deficiency awareness campaign kicks off

Clergyman urges politicians to Make God their dwelling place, as Oyo Commissioner is buried

NCDC to set up testing center in Kwara, commends state government

Buhari, again urges debt cancellation for “ needy countries “

Oil and gas industry backs Delta to fight COVID-19 as confirmed cases rise to 51

Agricultural output to decline 47.5% across major commodities post COVID-19

AXA Mansard Hosts Children’s Day Challenge; Supports Kids’ Education

DisCos sue FG over interference in corporate activities

#COVID19: Nigeria’s new cases decline to 182; total 8915

Nigerian-British bilateral relationship post COVID-19 remains strong

African multi-brand auto sales portal launched by Stallion group

Dutum promises quick completion as NMA begins construction of National Secretariat Building

Covid-19: Labour, CSO set for ‘war’ with Gov El-Rufai, others over workers’ pay

Serie A football to resume on June 20 after three months of shutdown

External Borrowing: Nigeria is placed on the auction market, says PDP

Police undergo major reorganization with 8 Departments, 8 DIGs, 17 Zonal Commands, 4 FCID Annexes 

Why president Buhari signed Executive Orders, says Malami

Mixed reactions as Speaker of Parliament, others mark ECOWAS @45

Premier League: Four more persons test positive for Covid-19

FG opens bidding process for consultancy services to monitor implemention of Abacha loot 3

Premier League set  to return on June 17

CBN’s 12.5% MPR means a decline in banks lending, deposit rates 

Buhari to sign Peace Corps Bill, says Senator Ndume

24 firms stake $250m in Alaro City

Obasanjo rallies ex-African leaders in support of Adesina

Rivers scales down budget by 48%, from N530.8Bn to N300.4Bn

Tier 1 banks’ deposits up by 24% amid covid 19 pandemic

Seplat says resilient amid global headwinds

Edo, Ondo, Oyo, 8 others get new  Commissioners of Police

President Weah, Senator Coons, Elumelu, other global leaders at the 2nd UBA Africa Day Conversations urge government, private sector collaboration

MPC cuts policy rate by 100 basis points to 12.5%

Insecurity: Troops kill 600 terrorists, bandits in northern region

NCAA considers restarting domestic travel with five airports 

African farmers recount survival strategy amid virus impact

N10.509 trillion Appropriations Act 2020 Amendment Bill passes second reading

Food security: 10,000 Lagos farmers to benefit from World Bank assisted project

Logistics platform Kobo360 poised for greater impact as founders join Endeavor’s global network

What we’re doing to boost food security- Lagos Commissioner for agriculture

Develop Homegrown Solutions, Human Capacity and Invest in Agriculture to Rebuild Africa- Experts say at UBA Africa Day Conversations

NNPC is at receiving end of fuel Subsidy – Kyari

With eye on growth, CBN slashes benchmark interest rate to 12.5%

DHL acquires stake in Link Commerce for African e-commerce growth 

FG Releases New Post Covid-19 Protocol for International Flights

Conversations with Tomi Wale on the African millennial radio show

Hunt for Africa’s fintech unicorn back to zero as Interswitch loses place on global list

Naira records N5 gain on black market

Buhari writes Reps, seeks approval for $5.513bn borrowing, revised 2020 budget 

Crown Interactive launches CICOD Lyte initiative for MSMEs

Covid-19: Do’s and dont’s of car disinfection (2)

Revamped S-Class flaunts bolder face in official teaser

Rolls Royce: Making best better 116 years after

F1 teams agree to cost-cutting measures

JLR SVOs’ reports retail sales growth for 2019/20

Nigeria dithers as Uganda rolls out Covid-19 EVs

Merit Abode sets to redefine Lagos Real Estate Landscape with Emerald Garden City Series

Drug wars: how AstraZeneca overtook GSK in UK pharma

Taiwan trial offers hope for restoring international travel

Nigeria stocks remain attractive, says NSE CEO

Government stimulus plans fuel further gains in global stocks

Coronavirus hit to eurozone economy set to dwarf financial crisis

Brussels looks to new taxes to pay off pandemic recovery debt

Seplat boss sees oil prices fluctuating between $40 and $50 a barrel

Aston University Offers Between £3000 – £8,000 Scholarship to Nigerian Applicants for September 2020 Entry

My story, by Akinwumi Adesina

NCAA issues new procedures for international flights

COVID-19: Buhari to participate, as UN rallies world leaders to review global response

These three Facebook projects could upend competition for businesses in Africa

No Man Can Stop Me From Returning As Edo Governor – Obaseki

Nigeria’s financial industry GDP surge by 24% YoY in Q1, highest in 4yrs

AMCON says injected N50bn to stabilise the aviation sector in 8 years

Wednesday, May 27, 2020

Patients shun hospitals on coronavirus fears

Gambari in quiet push to re-direct the presidency and make it work better

Death amid a great move in Abia State

UBA revamps kiddies, teens accounts as customers get 13th month reward, scholarships

Ben Ayade, his tears and the social contract

LEFT TO SUFFER (II): From Boko Haram’s Bedroom Plaything TO IDP Camps’ Forgotten Citizens

US Coronavirus deaths top 100,000, worst in the world

Between Abba Kyari and Geoffrey Onyeama-5 relationship lessons

The Epicentres of Coro-politics: Still on Rivers State… The other side of Governor Ayade

Zenith General Insurance’s underlying earnings surges

Maturing OMO, NT-bills to push system liquidity to N955.9bn

Changing Nigeria’s approach to industrialisation (4)

Edo poll: In show of acceptability, Abuja group obtains forms for Obaseki

Nigeria’s lockdown easing must protect lives and livelihood

COVID-19 and uncertainties: Growing your business through e-commerce 

Disaster management gaps: Recipe for incessant building collapse in Nigeria

Rejoinder – Compelling case for withdrawal from employees RSA

Power: Buhari orders MDAs to conclude power contracts with Siemens

NBC fines 3 stations for false COVID-19 content, 28 for hate speech, others

Amotekun may not succeed except in Lagos, says former Oyo Governor, Alao-Akala

Makinde inaugurates Mobile Police Unit, presents Hilux trucks for operations

Ganduje outlaws almajiri system of education in Kano

COVID-19: Nigeria records 389 new cases, as total infections rise to 8733

 COVID-19: Delta indigenous firm gives out palliatives to host communities’ vulnerable

We are leaving no child behind — Kwara Gov

Covid19 is yet to affect Nigeria’s property value as price surge 5% in April

Google Cloud teams up with decentralised video streaming platform, Theta Labs

World Bank approves $346 Million to Strengthen Resilience and Livelihoods in the Lake Chad Region

Lagos records highest daily recoveries  from COVID-19 as 87 discharged 

Edo guber polls: Obaseki faces former rival at APC  primaries

COVID-19 offers Africa lifeline to play in global digital economy, experts say

Naira appreciates further on black market

Lagos records highest daily recoveries from COVID-19 as 87 discharged

CBN cuts rates on OFIs facilities to 5% to ameliorate impact of covid-19

Stock market records mild gain of N8billion

NASS convenes emergency sitting to discuss revised MTEF, 2020 budget

Ganduje mourns death of another high-profile member of Kano royal family

Edo poll guber: Whether direct or indirect primary, I will emerge APC candidate – Obaseki

Children’s Day: Gov Ortom promises greater investment in education

4th Mainland Bridge, Lekki Regional Road, others to commence under Sanwo-Olu

Givefood.ng: Supporting vulnerable communities amid COVID-19

Former minister, Adelaja, advocates re-orientation of math teachers

Covid-19:  Egypt gets $500,000 emergency assistance from AfDB

Why Merit Abode’s new devts are destinations for yield-hungry investors, home buyers

NDDC 2019 budget expires in days without any single project execution due to delays

FG reviews admission, discharge criteria for COVID-19 patients

NUJ demands apology from Police over unlawful arrest of members in Delta

Lagos moves to revive primary healthcare system

Long-distance learning should be available, accessible to all children in Oyo- Group

Kano rice company unsealed as IGP, state govt obey court order

NCC suspends spectrum trading guidelines 2018 for review 

Mourinho predicts drop in transfer market fees

Premier League set to return as clubs vote to resume training

Ighalo makes request to stay amid uncertain Old Trafford future

Fostering Productive Entrepreneurship Communities: Key lessons on generating jobs, economic growth and innovation

Starsight powers hospital in Ekiti State to reduce Covid-19 testing time

Naira strengthens by N2.00k as FX market resumes after holiday

Supply disruptions, structural challenges push trade sector into deeper contraction

Coronavirus: Oyo records two new deaths, discharges 17 patients

Naira strengthens by N2.00k as FX market resumes

How agritech firms in Africa are enabling food security, supply amid restrictions

Can New York avoid a coronavirus exodus?

Macy’s pledges stores as collateral in $1.1bn bond deal

TAJBank announces issuance of N150bn FGN Sukuk

Market ‘distress’ over virus sparked emergency Wall St measures

Uka Eje: Linking thousands of farmers to finance, market opportunities

Global stocks push higher on easing virus nerves

Soaring debt risks fuelling pressures on eurozone, ECB warns

Dangote, MTN voted the most admired African brands

AfDB to order New Probe of Adesina after US pressure

NDDC budget: Reps accuse Ojougboh of defamation

NCDC budget: Reps accuse Ojougboh of defamation

Group backs Oyo govt over loan, says infrastructure, health sector need overhaul

2020 Children’s Day: Gbajabiamila calls for policies to reduce number of out-of-school children

Obasanjo, Abiodun, Amosun mourn as Ogun Muslims head, Orunsolu, dies at 98

Tuesday, May 26, 2020

Here is what next after subsidy removal

Abdulrazaq appoints Adewumi as KWASU Chancellor

Why Govs fix meeting over autonomy of states’ judiciary, legislature

 Kano condemns social media attack on Coalition Against Covid-19 intervention

COVID-19: After rift, Anambra, Delta agree to free traffic on Niger bridge

Kaduna’s IGR revolution is fast-paced and it’s bearing results

How Nigeria can exit COVID-19-induced economic crash

Sorry, sorry, sorry

Banking and the prudential burden of a pandemic

Tomato prices rise on Tuta Absoluta outbreak, coronavirus supply chain disruption

COVID-19 seen wiping gains of Nigeria’s $5.854bn investment inflows in Q1  

COVID-19: Commuters at breaking point as transporters burden with ‘toxic’ fares  

Nigerian scientists’ COVID-19 advances promising for Africa 

Nigeria’s agric sector growth slows to 2.2% in Q1 2020

‘Re-introduce commodity board system to revive Nigeria’s agriculture post-COVID-19’

Relief for taxpayers as LIRS further extends deadline for filing annual returns to June 30

Motherhood and the society

COVID-19 and stock market volatility in Would equity derivatives have made any difference?

Promoting right leadership, programs around agriculture can limit potential recession in Nigeria

COVID-19: Nigeria’s cases rise by 276 to 8344

Demonstrating care beyond housing delivery in time of crisis

Reps insist on probing NDDC despite blackmail, threats

Makinde sees nexus between governance and FM in creating, maintaining sustainable environment

Money Is A Tool, Not A Noose

NIMC issues NIN to 41 million Nigerians, as diaspora enrollment continues 15 countries

We can look at other anti-malaria drugs for COVID-19 treatment, health physician says

DBN sets up credit guarantee company to boost lending to MSMEs

WOWBii Interactive Readies Nigeria’s State Governors for Immersive Virtual Interactions

Odion Ighalo’s Manchester United fairytale may end in 5 Days

Nigeria investment inflows surge to $5.854 bn, Q1 2020

The Almajirai ‘uncensored’ movement and the Yobe example

Coven Works launches online AI School, targets 200,000 beneficiaries in 6 months

Expert worries as Nigeria neglects opportunities to earn FX from agro-export

Expert worry as Nigeria neglects opportunities to earn FX from agro-export

CMA CGM introduces overweight surcharges on Nigerian, W/African bound containers

NIMASA gives dockworkers, seafarers movement permit as essential workers

We’ll tackle road congestion, underutilisation of eastern ports – NPA Board

Those fighting Obaseki should sheathe their swords, put Edo State first – Ojezua

Efugo Farms Sustain Production and Market Value with Their Customers

Understanding how Internet Service Providers estimate data usage and how to manage mobile data

Jeff Bezos trillionaire tale and Nigeria’s e-commerce

NSE CEO highlights resilience of Nigeria’s Capital market amidst Covid-19

Oando says over 21,000 Lagosians to benefit from its employees’ food relief initiative

Explainer: Why Nigeria’s Voluntary Offshore Assets Regularisation Scheme matters

Monday, May 25, 2020

BlueKey Utility Token (BKY) Gets Listed on CoinmarketCap

Nigeria’s power infrastructure to get urgent makeover

How Covid-19 pandemic has affected the film industry

The gloom, doom in Nigeria’s Q1’20 GDP report

Organisers of LaLiga reiterate commitment to societal development in Nigeria

Madagascar’s COVID Organics: A miracle product?

Sailing through the deep blue sea of COVID-19 pandemic – Bold reforms non-negotiable

Digital financial inclusion in Africa (2)

Developers adjust, rethink products offering as property market faces new normal

Covid-19: Oil companies face maintenance worry on Nigerian oil assets

FoodCo raises competition bar, opens online supermarket

Companies ditch commercial paper to lock in longer-term debt

Data traffic has increased by 30% over pandemic – CEO, Spectranet

Beijing seeks to reassure business over Hong Kong security law

Citi investment bank boss predicts resurgence of offices

Logistics supplier selection for Nigerian businesses: Aggregator vs independent truckers

Companies line up to sell stock as US IPO market reopens

Kwara: CSO seeks reinstatement of sacked perm. secretaries

Gov Okowa not to lead NEC sub-committee on COVID-19 economic growth

COVID-19: Nigeria records 229 new cases as total rises to 8068

Presidency silent as Abba Kyari’s ghost tears Villa apart

Owner of demolished hotel in Rivers State says his detained manager faces death

Okowa not chairman NEC sub-committee on COVID-19 economic growth – DTSG

Kano releases 294 prison inmates in the spirit of Sallah celebration

FG to intervene in Pantami, Dabiri-Erewa naked fight over office space

UK-Nigeria trade relations remain strong despite global Pandemic

Opera launches new design with data-saving Mini update

I inherited N30 billion pensions, gratuities debt, says Udom

Analysts expect reduction as NBS publishes capital importation report Tuesday

COVID-19: FG, states working on suitable date for resumption of schools

Rivers releases N450m to victims of Abonnema clash with soldiers in last election

COVID-19: Private School Owners Seek Stimulus  packages from government

IEA chief warns about oil prices plummeting again

Premium Pension names Babayo new board chairman

US tech executives rake in billions amid COVID-19 as they eye Africa for growth

NASCP backs use of OraQuick self-test kit for HIV

Covid-19: Nigeria must restructure now — Afenifere, Ohanaeze, Mimiko

Ethiopian Airline repatriates 187 Canadians from Lagos

Here are Nigeria’s four best-performing sectors in Q1’2020

Skill Up Africa for Sustainable Development

Here are ten major points to know about how Ardova Plc in first quarter 2020

In succor to Nigeria, global watchdog says oil demand yet to peak

In fresh assault on top African CEOs, Trump turns gaze on Adesina

Nigeria’s Power infrastructure to get urgent makeover as Buhari orders payment to Siemens

Explainer: Why has the pump price of diesel remained same despite oil crash?

NNPC explains why it redeployed top management officers

Kano release 294 prison inmates in the spirit of Sallah Celebration

Covid-19: FG evacuates 69 Nigerians stranded in Lebanon

Why CBN $100m weekly dollar sales is not enough to end dollar scarcity

Nigeria’s GDP slows to 1.87% in Q1’20, lowest in 5 quarters

Cape Town emerges as Africa’s Covid-19 hotspot

Sunday, May 24, 2020

Investors fear Nigeria’s FX market going back to dark days of 2016

Maduka to compete with world’s leading entrepreneurs in Monaco

What Nigeria’s ‘precision lockdown’ COVID-19 strategy could look like

Buhari’s green shoots of dynamism must have a strategic focus

Ideas for a new What to do about FOREX

EXPLAINER: Why Nigeria’s power sector privatisation is causing uproar

An empty seat for Koleade Adeniji Abayomi, SAN; OON (3)

Supporting the CEO through a crisis

BUA margins show opportunity in Nigeria’s cement industry

Australia: has the ‘lucky country’ run out of luck?

Hedge funds bet against Europe stocks as short selling bans expire

US oil production drop steeper than expected

Hong Kong police fire tear gas on protest against security law

Dangote Cement posts strong performance in Q1 as profit before tax up by 11%

Richest nations face $17tn government debt burden from coronavirus

Fintech start-up, Kiakia, launches P2P lending investment mobile app

Nigeria Adds 313 new cases of #COVID19; total now 7839

Lagos discharges additional 31 COVID-19 patients

Sanwo-Olu to mark one-year in office with handing over of new projects 

Insecurity: Troops kill 200 armed bandits in Katsina, Zamfara

Edo state discharges 18 more Covid-19 patients

Oxford University Vaccine Trials Run Into Hurdle

COVID-19: Buhari keeps promise, observes Eid prayers with family at home

Ogunji, Abia commissioner for Environment, dies of hypertension

Fear grips journalists as press corps members test positive for COVID-19 in Akwa Ibom

Nigeria stocks to continue upward trend post-holidays 

NFF sympathises with Victor Osimhen as Super Eagle loses dad

Lagos to close Marine Bridge for 5 months for emergency repairs

Preliminary investigation pins cause to resistant variant of malaria, typhoid upsurge

UK announces three more charter flights from Nigeria for British nationals

Equities Market: Domestic investors take charge as foreign sell off persist in April

LASU partners other varsities, organisations to win $2.5m partnership grant

Canada evacuation: Use of Ethiopian Airline unacceptable – House of Rep

Sallah: Malami felicitates with Muslims, urges observance of COVID-19 rules to curb spread

Coronavirus: Oyo discharges 9, records new 27 cases from iSON Xperiences 

COVID-19: Olu of Warri takes delivery of palliatives from VSF

EID-EL-FITR: OYRTMA boss urges all to abide with COVID-19 precautionary measures, congratulate muslims

Anambra Govt hold stakeholders interactive session on 2020 revised budget

Cleric urges government to support Nigerians with palliatives

Why Covid-19 will not continue its onslaught, by Varsity don

The one-two punch: brothers who starred in LaLiga

How coronavirus deals a deadly blow on night life, others in Akwa Ibom

Panic in Bonny as mystery deaths lead to inquiry

COVID-19: Interswitch Group donates medical equipment, test kits to states

Saturday, May 23, 2020

Edo: Obaseki and the epic battle ahead

Emergencies over ‘state of emergency’ alarm in Rivers

Nigeria’s school feeding programme in lockdown

Lagos finalises register-to-open guidelines, set to restart economy

Abdulrazaq and 365 days of impactful governance in Kwara

How the Almajirai infiltrate the South with all the security, interstate lockdown beats me – Ajomale

Analysts fear ‘arbitrage forex regime’ as FG lingers on pricing template for ‘no subsidy regime’

AfriTAL in save Nigeria’s oil and gas: Experts point to urgent steps to save oil economy post-COVID-19

Reduced sales, high finance cost send Eterna into loss in 2019

Imperatives of implementing Oronsaye Report

COVID-19: Resist non-evidence-based therapy, NAPPSA urges NAFDAC, FG

COVID-19: Experts emphasis use of Tele-ICU, Telemedicine to manage critical cases

Nigerian seafarers trapped onboard vessels over lockdown, airport closure

INEC approves new policy for conducting elections amidst Covid-19

COVID-19: 16 inmates freed in Nasarawa on CJN directive

Uzodimma decries state of IMSUTH, non-accreditation of College of Medicine

Coalition Against COVID-19 boosts fight against pandemic with free medical equipment to Borno

Equities gain N690bn in five days as FG floats N150bn Sukuk

How LG is fostering work-life balance

Condolences pour in to former World Court judge, Adolphus Karibi-Whyte

Lagos coronavirus: 45 patients discharged, total now 707  

Abdulrazaq declares religious places remain shut, felicitates with Muslims  on Eid celebration

Nigeria records 265 new cases of #COVID19; total now 7526

Rohr agrees terms with NFF to continue as Super Eagles coach

Eid-el-fitri: Sanwo-Olu calls for moderate  celebrations 

COVID-19: Help curb illegal entry into  Oyo, govt tells stakeholders in Oke Ogun

NLC, APC, Atiku felicitate with Nigerians on Eid-el- Fitr

Eid-el-Fitr: PDP tasks leaders on commitment, transparency

Towards an African architecture

Eid-el-Fitri: Gov Abiodun felicitates Muslims, urges compliance with anti-COVID-19 measures 

Mario Goetze finally dumps Dortmund

Eid-I-Fitri: Cleric admonishes Muslims to pray for end of COVID-19 in Nigeria

Kwara, CSOs meet on 2020 budget review

Ex-Spurs manager Pochettino eyes Premier League return

Excitement for soccer fans as LaLiga gets green light to resume in June 8

Kogi guber: Tribunal upholds  Bello’s election

Uzodinma felicitates with Muslims on Eid-el-Fitr, urges more prayer for Nigeria

COVID-19: Buhari appeals for understanding over hardships caused by lockdown

COVID-19: Ghanaian government paying water, electricity bills for its people

Lagos finalises register-to-open guidelines, sets to restart economy

FG bows to pressure, drops Air Peace from evacuating Nigerians from Canada

Weekly wrap up: Nigeria Covid-19 recoveries hit 2,000

Coronavirus: Lagos to confine mild cases to home or community-based care, says Abayomi

36 states, FCT total generate N3.807 trn revenues in 2019

Nigeria eyes local production of test kits for COVID-19

Nigeria records 245 new cases of COVID-19, total infections now 7261

Kaduna powers to 6th and Edo 12th in Nigeria’s IGR chart as Lagos remains clear leader

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