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News - Business Day

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In the trading week ended Friday May 16 the NGX ASI and Market Capitalisation appreciated by 0.90 percent to close at 109710.37 points...

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Nigerian football star Victor Osimhen was in top form as he scored two goals to help his team Galatasaray win the Turkish Cup. The strikers impressive performance earned him the Man of the Match award and helped his team secure a 3-1 victory over their opponents Antalyaspor. Osimhens goals came at crucial moments in the game showcasing his skill and importance to the team. This win marks Galatasarays 18th Turkish Cup title solidifying their position as one of the top teams in the country. Osimhens contribution highlights his talent and potential making him a valuable player for both club and country.

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Ile-Iyan a cultural center in Lagos Nigeria has officially launched its new headquarters with a capacity to host 200 guests. The launch event was a celebration of Nigerian cultural heritage featuring traditional performances and cuisine. The center aims to promote tourism in Lagos by showcasing the countrys rich cultural diversity. It also provides a platform for local artisans and entrepreneurs to showcase their products and services. The launch event was attended by government officials business leaders and cultural enthusiasts. The new headquarters is expected to attract more visitors and boost the economy while preserving and promoting Nigerian culture.

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In recent years there has been a growing focus on ending rural poverty in Nigeria. The countrys rural areas have long been neglected with underdeveloped infrastructure and limited access to education and healthcare. This has resulted in a cycle of poverty that has trapped many families and communities for generations. To break this cycle there is a need for targeted interventions that address the specific challenges faced by rural communities such as lack of access to credit inadequate agricultural support and limited job opportunities. Through government policies investments and partnerships with private sector organizations there is hope for lifting rural communities out of poverty and creating a more equitable and prosperous Nigeria.

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Siemens a German multinational company is playing a crucial role in Africas journey towards digital industrialization. The company has been investing in the continent for over 160 years and is now leading the way in providing innovative solutions for industries such as energy transportation and healthcare. Through partnerships with local governments and businesses Siemens is helping to modernize and improve infrastructure increase efficiency and create jobs in Africa. This is crucial for the continents economic development and will also contribute to addressing challenges such as access to electricity and healthcare. Siemens commitment to Africas digital transformation is a positive step towards a more prosperous and sustainable future for the continent.

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The Governor of the Central Bank of Nigeria Godwin Emefiele has hinted that interest rates may decrease due to a potential drop in inflation. This announcement was made during the Monetary Policy Committee meeting held in Abuja. Emefiele stated that the current inflation rate of 17.33% may decrease to a single-digit by the end of 2021 which would allow for a reduction in interest rates. This move could potentially boost economic growth and encourage borrowing and investment. The Central Bank has been implementing measures to control inflation such as increasing the benchmark interest rate to 11.5% and this potential decrease could signal a positive outlook for the economy.

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According to a recent report by the World Bank portfolio investors continue to dominate Nigerias foreign exchange (FX) turnover with the Central Bank of Nigeria (CBN) recording a significant increase in their participation in the countrys FX market. This has been attributed to the CBNs efforts to improve the transparency and liquidity of the FX market as well as the attractive yields on Nigerian assets. However the report also highlights the need for Nigeria to diversify its sources of FX inflows and reduce its dependence on portfolio investments in order to mitigate the risks associated with volatile capital flows.

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The Lagos State Independent Electoral Commission (LASIEC) recently held a meeting with stakeholders in preparation for the upcoming local council elections on July 12. The meeting was attended by political parties civil society organizations and other relevant stakeholders to discuss the electoral process and address any concerns. LASIEC assured stakeholders of its commitment to conducting a free fair and credible election and urged them to adhere to the guidelines and regulations set by the commission. The meeting also provided an opportunity for stakeholders to voice their opinions and make suggestions for improving the electoral process. The commissions efforts are aimed at ensuring a smooth and transparent election in Lagos State.

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Nigerias transport sector has long been plagued by inefficiency and underdevelopment hindering economic growth and development. In recent years the government has introduced various policies and initiatives to reform the sector and bridge the gap between its vision and reality. These include the National Transport Policy National Integrated Infrastructure Master Plan and the establishment of the Federal Ministry of Transportation. However challenges such as inadequate funding poor infrastructure and lack of coordination among agencies still exist. To fully realize the vision of a modern and efficient transport sector there is a need for increased investment better coordination and the implementation of effective policies and regulations.

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LAPO a non-governmental organization has launched a free medical program for 300 pupils in a school in Edo State Nigeria. The program aims to provide healthcare services to children who may not have access to it due to financial constraints. The pupils will receive free medical check-ups treatment and medication for common ailments such as malaria respiratory infections and skin diseases. The initiative is part of LAPOs commitment to promoting the well-being of children and ensuring they have access to quality healthcare. This program will not only improve the health of the pupils but also contribute to their academic performance and overall development.

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In a recent interview Akintunde Sawyerr the Managing Director of the Nigerian Export-Import Bank (NEXIM) stated that corruption allegations have significantly damaged public trust in the bank. He explained that these allegations have caused a negative perception of NEXIM and have affected its ability to carry out its mandate of promoting non-oil exports and diversifying the economy. Sawyerr acknowledged the need for transparency and accountability in the banks operations and stated that efforts are being made to address the corruption allegations and restore public trust. He also emphasized the importance of NEXIM in driving economic growth and urged for support from stakeholders to fulfill its objectives.

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The 2025 NIESV Conference in Abuja was a successful event that brought together real estate professionals to discuss the future of the industry. One of the standout participants was Telah a leading real estate company that showcased its innovative solutions and contributions to the sector. Telahs CEO Mr. Kola Adewale delivered a thought-provoking keynote speech on the theme of "Innovative Real Estate Solutions for Sustainable Development." The companys presence at the conference was well-received and highlighted its commitment to providing sustainable and cutting-edge solutions in the real estate market. Overall the conference was a platform for industry leaders to share insights and ideas for the future of real estate in Nigeria.

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Nigerias premium crude oil grades are trading above $65 per barrel as global oil prices hold steady despite OPEC agreeing to a gradual...

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Shell is considering a takeover of BP after the oil giants botched pivot to net zero left it vulnerable according to a Bloomberg report...

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Axxela Limited a gas and power portfolio company in sub-Saharan Africa has retained its Gold Medal in the 2025 EcoVadis Sustainability...

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The article discusses the upcoming chairmanship election in Lagos Island and calls for a progressive approach to be taken. It emphasizes the need for a balanced and inclusive leadership that will focus on the development of the island and its people. The author highlights the challenges faced by the island such as inadequate infrastructure and security concerns and suggests that the new chairman should prioritize these issues. Additionally the article stresses the importance of transparency and accountability in the electoral process urging candidates to run ethical campaigns. Overall the article advocates for a responsible and effective leader to be elected for the betterment of Lagos Island.

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In the article "Weaving Africas Progress Through Partnership" the author emphasizes the importance of partnerships in driving economic growth and development in Africa. They argue that by collaborating with each other and with international partners African countries can overcome challenges and achieve sustainable progress. The author highlights successful partnerships that have already made a positive impact in various sectors such as agriculture infrastructure and healthcare. They also stress the need for governments to create an enabling environment for partnerships to thrive and for businesses to prioritize social responsibility. The article concludes by urging African leaders to prioritize partnerships as a key strategy for driving progress and prosperity in the continent.

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Oloruntoyosi Thomas state commissioner for Livestock Development said the govt vaccinated 132792 ruminants to curb the disease among...

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In a thrilling match Brentford defeated Manchester United 4-3 keeping their hopes of qualifying for Europe alive. The game was full of action and excitement with both teams playing aggressively. Brentford took an early lead but United fought back and equalized. However Brentfords determination paid off as they scored two more goals putting them in a comfortable position. United tried to make a comeback but Brentfords defense held strong. In the end Brentford emerged victorious securing a crucial win in their quest for European football. This result puts them in a strong position to secure a spot in next seasons European competitions.

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The Adamawa State government has announced plans to include 11 ministries departments and agencies (MDAs) in the implementation of the new minimum wage scheme. This decision was made following a meeting between the state government and the Joint Public Service Negotiation Council. The MDAs to be included in the scheme include the Ministry of Health Education and Agriculture among others. The government also stated that it has set up a committee to ensure the smooth implementation of the new minimum wage which will benefit over 25000 civil servants in the state. This move is expected to improve the standard of living for workers in Adamawa.

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In a recent visit to the Northwest region of Nigeria political leader Bola Tinubu rallied support against terrorism and reassured citizens that the country will not bow to its threats. He emphasized the need for unity and cooperation among all Nigerians in the face of these challenges and urged the government to take decisive action to combat terrorism. Tinubu also met with local leaders and discussed strategies to address the security issues in the region. This visit serves as a reminder of the ongoing fight against terrorism in Nigeria and the determination of its leaders to protect the country and its people.

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Toks Aruoture is a Nigerian entrepreneur who has made a name for herself in the UK by creating one of the leading luxury nursery brands Tokes Aruoture Nursery. She started her business in 2015 with a vision to provide high-quality and stylish nursery products for parents. Her brand has gained popularity among celebrities and has been featured in various media outlets. Aruotures success can be attributed to her determination hard work and attention to detail. She also emphasizes the importance of social media and networking in growing her brand. Despite facing challenges as a minority in the business world Aruotures brand continues to thrive and inspire others.

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The National Identity Management Commission (NIMC) in Nigeria has announced that it will begin charging fees for modifications to the National Identification Number (NIN) starting May 2 2025. This decision is part of the commissions efforts to generate revenue and sustain its operations. The fees will apply to changes such as name address and date of birth on the NIN. NIMC stated that the charges will be affordable and will vary depending on the type of modification. The commission also plans to introduce an online platform for NIN modification services to make the process more convenient for Nigerians.

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The article discusses the recent statement made by Nigerian politician Bola Tinubu about the countrys security issues. Tinubu a former governor of Lagos state claimed that the government is making efforts to address the security challenges but his words have been met with skepticism. The author argues that Tinubus words are empty and lack substance as the country continues to face high levels of insecurity. The article also highlights the failure of the government to effectively tackle security issues and calls for concrete actions rather than mere promises. In conclusion the author suggests that Tinubus words cannot renew hope in the countrys security situation.

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Nigerias positioning on the Global Peace Index (GPI) presents profound concerns for national development. It is a stark indicator of the...

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Leeds United and Burnley have sealed their return to the Premier League for the 2025/26 season while Sheffield United ...

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Ighojovbe Oghenekaro is a visionary leader who has been transforming leadership across various sectors in Nigeria. With a background in engineering he has risen to become a prominent figure in the business world serving as the CEO of several companies and organizations. His leadership style is focused on innovation collaboration and development which has led to significant growth and success in the companies he has led. Oghenekaro is also a strong advocate for youth empowerment and has been actively involved in mentorship programs for young entrepreneurs. His vision and dedication have made him a force to be reckoned with in the Nigerian business landscape.

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The world is undergoing an unprecedented technological revolution with artificial intelligence (AI) at its core. While nations like China...

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The sudden death of Shimite Bello the Special Adviser on Trade and Exports to the Delta State Governor has caused anxiety in the state. Bello who was also the CEO of Delta State Investment Promotion Bureau passed away on Sunday April 25 2021 after a brief illness. Her death has left many in shock and mourning as she was known for her dedication and commitment to the development of trade and investment in the state. Bellos passing has also raised concerns about the need for better healthcare facilities in the state as her death is seen as a tragic loss that could have been prevented.