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Exclusives

How the AfCFTA can impact local businesses in Nigeria

July 18, 2018     2:00 am
So far, 44 out of 54 African countries have signed for the establishment of an Africa Continental Free Trade Area (AfCFTA) which would make it one of ...
Exclusives

Banks are biggest NSE index movers in past year

Financials have been the major sector behind the rally in stocks over the past year. Despite the bruising equity prices have received this year, the A ...
Exclusives

Economists, IMF inflation predictions at odds with history

The consensus view of the economists polled by BusinessDay is that inflation will trend higher in the second half of the year largely due to campaign ...
Exclusives

BusinessDay to launch State of States 2018, Thursday July 19

The 2018 State of States Report will be launched at Abuja on Thursday, July 19 2018 at the dinner/gala for this year’s States Competitiveness and Go ...




Most DisCos are technically insolvent – BPE

Bureau of Public Enterprises (BPE) on Tuesday discloser that most of the Distribution Companies (DISCOs) are technically insolvent. Alex Okoh, BPE Director General disclosed this during an interactive session held at the instance of House Committee on Power, with critical stakeholders in the Nigeria’s power sector including Nigeria’s Bulk Electricity Trading Company (NBET), Electricity Distribution…...


CSJ wants presidential override on bill seeking early budget passage

‎Eze Onyekpere, lead partner of Centre for Social Justice (CSJ) has called on the National Assembly to override President Buhari on a bill that provides for the time within which the president or governor shall lay the appropriation bill before the National Assembly or House of Assembly. The bill, above all, is seeking to encourage early presentation and…...


WalterSmith, AFC, sign $35m modular refinery deal

A $35 million debt facilities agreement was executed between Walter Smith Refinery and Petrochemical  company and  African  Finance  Corporation (AFC) for the construction of a 5,000  barrels per day  modular refinery which is expected to be built and  completed within the next 18 months. The total cost of the refinery is about $48 million.  While…...


TSA: Why FG should take Remita solution to the World

In 2011, when the federal government of Nigeria, under the leadership of Goodluck Jonathan nursed the execution of the Treasury Single Account (TSA) recommended by the International Monetary Fund (IMF), a lot of factors stood in the way of full implementation but very importantly, there was a struggle with a technology that could help drive…

You lack decorum, Kwara APC blasts Nabena

The All Progressives Congress (APC) in Kwara State has blasted the Deputy National Publicity Secretary of the party, Yekini Nabena for attacking the Senate President, Bukola Saraki. The party in a statement by its state publicity secretary, Sulyman Buhari warned Nabena to stay within the mandate of his new position, and stop his campaign of…...


Youths better positioned to take over mantle of leadership – Onyeizu

By signing into law the “Not-too-young-to-run” bill, President Muhammadu Buhari’s administration, has removed all encumbrances that may have been standing in the way of the youth, to participate actively in politics. Chinedu Onyeizu, an engineer by profession, made this observation in Aba, Abia State, at the weekend, during his declaration, to contest for Abia South…...


Reps condemn reprisal attacks on Adamawa communities

Nigeria’s House of Representatives on Tuesday called for immediate deployment of troops to 16 communities in Adamawa State where there had been reprisal attacks that led to the killing of 15 people and destruction of properties worth millions of naira. The resolution was passed sequel to adoption of a motion sponsored by Abdulrazak Namdas, chairman, House Committee…...


Reps vow to unravel state of $2trn recovered funds, assets

Yakubu Dogara, Speaker of the House of Representatives on Tuesday reiterated the resolve of the Parliament will not continue to look on as confusion trails the recovery of looted funds and assets estimated at $2 trillion. Recall that the House had mandated its Committee on Financial Crimes to investigate whether any crimes have been committed in the course of the…...


Buhari seeks ICC action on corruption cases, illicit financial flow

President Muhammadu Buhari Tuesday at The Hague called on the States Parties to support an International Criminal Court (ICC) with jurisdiction over serious cases of corruption and illicit financial flows by state actors. President Buhari stated this on Tuesday when he delivered the keynote address at the Solemn Hearing to commemorate the 20th anniversary of…...


How the multi-fund will benefit contributors, investors, government -Expert

The coming on board of the multi-fund structure in the amended investment guidelines for the pension industry in Nigeria,as released by the National Pension Commission (PenCom) has been described as a response to the micro and macro economic developments in the country. According to expert, multi-fund was a response by the pension sector to the…...


Osinbajo commissions BUA’s $350m Sokoto plant

Nigeria’s vice president Yemi Osinbajo on Tuesday commissioned BUA Group’s 1.5 million metric tonnes  Kalambaina cement plant in Sokoto State, which gulped $350 million to build. The ultramodern plant is blessed with huge limestone deposits and is proximate to Niger Republic, which enhances its export potential. The cement plant started three years ago when BUA engaged…...


National carrier gets push as Sirika meets airplane manufacturers, investors

As part of  efforts towards the launch of a new national carrier, the Minister of State for Aviation, Hadi Sirika has  engaged the Management of Aeroplane manufacturers, Airbus in negotiations for the acquisition of the desired aircraft.  Sirika who spoke on Monday  at the International air show in  England promised to explore every opportunity available…...


​PTAD pays N1.7bn outstanding pension arrears

The Pension Transitional Arrangement Directorate on Monday announced it’s payment of N1.7 billion outstanding pension to 5,382 Civil Service Pensioners. According to a press statement, signed by Harriet .A. Agbenyi, head,PTAD Corporate Communications, these pensioners are among the 7,969 Civil Service Pensioners who were enrolled on PTAD monthly payroll in March 2018 with a total payment of…...


Nigeria, Japan, UNIDO to partner on economic growth

The Minister of Budget and Planning, Udo Udoma in a series of meetings on Monday announced that Nigeria will work closely withInternational Development partners to accelerate the pace of socio-economic growth, particularly in areas that will cause speedy realization of the objectives laid out in the country’s Economic Recovery and Growth Plan (ERGP). Meeting in Abuja with the Ambassador of…...


Revenue from energy underpins Transcorp’s profit margins

Transnational Corporation of Nigeria (Transcorp) Plc has utilized every Naira invested in revenue in generating higher profit as margins surged, thanks to contributions from the energy business. The stellar performance means the company with interest in hospitality, oil and gas, power and Agriculture has surmounted the headwinds brought on by lower oil price and devaluation…...



CEO Mag

Life & Arts

Sweet Revenge makes Kevin Hart's film competition shortlist

Sweet Revenge makes Kevin Hart’s film competition shortlist

A short film, Sweet Revenge, directed by a Canadian/Nigeria film director, Pascal Atuma has made the 10 final shortlisted films...

Inside Oluwatomisin’s Regalo Kitchen

Inside Oluwatomisin’s Regalo Kitchen

Food business is becoming increasingly profitable in Nigeria. The reason is simple: Population is growing at 2.6 percent each year...

Dedicated to Digital back with Beauty Edition

To diversify our digital marketing workshop, Dedicated to Digital is having a beauty masterclass on the 22nd of this month....



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Cristiano Ronaldo-jersey

Juventus rakes in $60m from sales of Cristiano Ronaldo jerseys

New record Juventus signing Cristiano Ronaldo says his move from Real Madrid is a “well thought out decision” as the...

Cristiano Ronaldo-Juventus

How Soccer clubs generate revenue to pay players salaries

An English football coach once wryly noted football’s relative importance to life and death. But he said nothing about commerce....

Taiwo Awoniyi

Taiwo Awoniyi signs new Liverpool deal

Nigerian striker, Taiwo Awoniyi. on Tuesday, June 17th signed a new long-term contract with Liverpool FC. The 20-year-old striker, who...