Business
Dogecoin Soars Above 20%
Dogecoin on Wednesday surged 20% as the cryptocurrency continued to benefit from speculative trading. The digital coin based on a Shiba Inu meme was trading at about 67 cents, up about 21% for the day. […]
Business
Business
Abiodun Wins BusinessDay’s Security, Agriculture Awards By Gbenga Akinfenwa
Ogun State Governor, Prince Dapo Abiodun has been awarded the best Governor in Security 2019 and Agriculture and Economic Empowerment 2020 by the Business Day Media Limited. Presenting the award, the Managing Director of the […]
Business
Investment In Bitcoin Prone To Fraud, EFCC Warns
By Wasilat Azeez The Economic and Financial Crimes Commission on Monday warned Nigerians to be cautious before investing in Bitcoin. The anti-graft agency explained that due to the unregulated nature of the cryptocurrency market, investments […]
Business
Potato Puree To Reduce Wheat Bread Cost By 20%, Sugar by 5% By Femi Ibirogba
To reduce the country’s yearly wheat importation bill and conserve foreign reserve, researchers have made economic case for inclusion of Orange Fleshed Sweet Potato (OFSP) puree in bread and other confectioneries. A kilogramme of wheat […]
Business
Farmers In Search of Subsidised Fertilizer, Seedlings As Planting Season Begins By Gbenga Akinfenwa
Price May Go As High As N17, 500 — Lawal As the new planting season commences across the country, farmers are raising concern over the dual challenges of access to fertilizer and quality seedlings. Feelers […]
Banking
US Dollars: CBN Directs Banks, Forex Dealers To Accept Lower Denominations
The Central Bank of Nigeria (CBN) has directed Deposit money banks (DMBs) in the country to accept both Old series and lower denominations of United States Dollars (USD) that are legal tender for a deposit […]
Business
Amazon To Open African Headquarters In South Africa
Amazon, a United States multinational technology company, has chosen South Africa as the headquarters for its African market. This development comes a week after Twitter, US-based microblogging and social networking service announced the opening of […]
Business
Mobile Industry Eyes Zero Carbon Emission By 2050
By Adeyemi Adepetun The United Nations (UN) has credited the mobile sector for achieving a critical breakthrough towards its mission of combating climate change, as operators representing more than a third of the industry by […]
Business
How Chocolate Could Make Nigeria Great By Tayo Oke
Think about this. There is not a single Nigerian person who does not consume chocolate in their diet at least once a week. Although many casually call them ‘tea’, “Milo”, “Ovaltine” and “BournVita” are, in […]
Business
France To Support Nigeria’s Creative Industry
The French Minister for Foreign Trade and Economic Attractiveness, Mr Franck Riester, has said the French government will support Nigeria through its foreign policy in supporting cultural and creative industries in partner countries. A statement […]
Business
Buyer of Shoprite Business In Nigeria Revealed
A Nigerian property company, Persianas has been revealed as the buyer of Shoprite’s local business in Nigeria. Reuters reported this on Wednesday, citing multiple sources, including banks. Shoprite, with more than 2,300 stores across Africa, […]
Business
Dangote: We Have No Control Over Retail Price of Cement By Haleem Olatunji
Dangote Cement Plc has denied reports that the company sells cement in Nigeria at significantly higher prices relative to other countries, particularly Ghana and Zambia. Devakumar Edwin, the company’s group executive director for strategy, portfolio […]
Business
China Fines Alibaba Billions For Alleged Market Abuses | Guardian (UK)
Chinese regulators have hit e-commerce company Alibaba with a fine of 18.2bn yuan (US$2.78bn) over practices deemed to be an abuse of its dominant market position, according to state-run media. The Xinhua news agency said […]
Business
No Nigerian Bank Is Owing MTN, Other Telcos, Says Herbert Wigwe
By Emeka Nze Managing Director and Chief Executive Officer of Access Bank Plc, Herbert Wigwe, has said no Nigerian bank is indebted to MTN Nigeria and other phone companies for using telecommunication platforms to provide […]
Business
City Drivers ‘Should Think Twice’ Before Buying SUVs | BBC News
Steve Gooding, from the RAC Foundation, said: “We should all choose the right vehicle for the right trip to cut the size of our carbon footprint. “It is right to question if suburban drivers need […]
Banking
Access Bank Buys South Africa’s Grobank For $60m
Nigeria’s biggest lender Access Bank has bought a controlling stake in South Africa’s Grobank for around $60 million. The bank’s CEO Herbert Wigwe said Access will shore up Grobank’s capital. With the acquisition, Access Bank […]
Business
After Mastercard, Visa Announces Plan To Allow Payment Settlements Using Crypto
Visa, a global payments technology company, has announced plans to allow payment settlements on its platform using cryptocurrencies. Settlement refers to the daily exchange of funds between Visa’s issuing and acquiring partners over VisaNet to […]
Business
Maximising Public-Private Partnership Potential For Food Tech Adoption
To avoid the frustration of scientists and technologists working on agricultural research and development in Nigeria, the government has been urged to deepen town-and-gown relationship through public-private partnership (PPP) initiatives in the efforts to encourage […]
Business
Diaspora Cash Remittances Drop By 27% To $17.2bn
By Babajide Komolafe In apparent reflection of the severe impact of the COVID-19 pandemic on the incomes of Nigerians living abroad, diaspora remittances inflow into the country fell 27 per cent, year-on-year, (YoY) to $17.2 […]
Business
Deficiencies In Protein, Other Micro-Nutrients Rampant In Nigeria, Experts Warn
By Femi Ibirogba An expert, Dr Beatrice Chinyem Oganah-Ikujenyo, of the Department of Home Economics, Adeniran Ogunsanya College of Education, Oto/Ijanikin, Lagos, has said studies have confirmed that the main nutritional problems in Nigeria are […]