David Olujinmi

3 weeks ago | businessday.ng | Wasiu Alli |Chinwe Michael |David Olujinmi

…New tax credit scheme to replace pioneer status incentiveNigeria is looking to boost its economy and expand business opportunities as it seeks to provide incentives to specific sectors in a bid to stimulate growth and drive investments in its new tax reforms bills. The priority sector incentive outlined in the Eleventh Schedule, dubbed ‘Economic Development Incentives,’ aims to revitalise key sectors such as manufacturing, renewable energy, healthcare, and transportation for sustainable growth.

4 weeks ago | businessday.ng | David Olujinmi |Folake Balogun |Chinwe Michael

Insurance firms are tapping technology and innovation to drive the growth of their sector. At the 2025 edition of the BusinessDay Insurance Conference, themed ‘Resilience and Growth in Uncertainty: Charting the Path for Nigeria’s Insurance Industry’, stakeholders from across the insurance value chain said that innovation, technology, and infrastructure are critical for their growth.

Jan 26, 2025 | businessday.ng | Modestus Anaesoronye |David Olujinmi

…As T-bills, private equities provideIG good returnsSince the introduction of the Contributory Pension Scheme (CPS) in 2004, pension fund assets (PFAs) in Nigeria have grown their assets to N22.3 trillion. Though 2024 was a challenging year for the industry due to high inflation and naira depreciation, Nigeria’s pension funds recorded a 21.2 percent return between January and November 2024. This however translated to a double-digit real negative return when adjusted for inflation.

Jan 16, 2025 | businessday.ng | David Olujinmi

Dangote Cement is now trading at a share price of N349.20, after shedding 9.98 percent in less than two hours of trading. This marks the stock’s lowest share price since January 10, 2024. Read also: Dangote Cement shops for N50bn from series 17, 18 Commercial Paper issuanceIn 2025, Dangote Cement has been on a bearish run, losing about 19 percent of its share value since January 13. The stock began 2025 at a share price of N478.8, however, is now trading at N349.2 as at 11.30am as of January 16.

Jan 16, 2025 | businessday.ng | David Olujinmi

Foreign-owned companies listed on the Nigerian Exchange are on track to slow down their capital investments in Nigeria, as data analysed by BusinessDay indicates a slowdown in capital returns. Return on Capital Employed (ROCE) showed a mixed performance across these companies, with both gains and declines recorded. However, on a cumulative basis, capital returns dropped from 25 percent as of 9M 2023 to 18 percent in 9M 2024.