Wasiu Alli

Lagos

Correspondent, Special Projects and Reports at BusinessDay Nigeria

Journalist||Ex-Student Leader|| Family lover|| Researcher || Communication||Writer||Educator|| Politics enthusiast|Serial Volunteer|| SDGs|| Views, mine.

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Articles

ISA 2025 opens window for digital asset market boom

1 week ago | businessday.ng | Wasiu Alli

Nigeria’s new Investment and Securities Act (ISA) 2025 has created a regulatory framework for digital assets, positioning Africa’s most populous nation to leverage on a fast-growing segment of global capital markets to ‘revolutionise’ its economy, create wealth and lead the pack in blockchain technology. These were the positions of the experts and policymakers who spoke at the ‘Digital Asset Markets Strategy Masterclass Series’ Friday in Lagos.
How removal of import duties on solar raw materials can boost Nigeria’s industrial future

1 week ago | businessday.ng | Wasiu Alli

As Nigeria turns to renewable energy, solar power stands out as one of the most promising and accessible solutions to bridge the energy deficit that’s left millions seeking alternatives. However, the local solar manufacturing industry remains stunted despite Nigeria’s immense solar potential and growing demand for energy alternatives.
Nigeria gets first EV ride-hailing vehicles in boost for cleaner energy

1 week ago | businessday.ng | Wasiu Alli

Nigeria has got its first electric vehicle (EV) ride-hailing service powered by 95 percent solar energy, a tech-driven mobility solution manufactured by Lagos-based Foltï Technologies Limited. This is a boost for Africa’s most populous nation’s drive for cleaner energy and renewable technologies.
FG, others urged to back local defence industry to spur growth

1 week ago | businessday.ng | Wasiu Alli

The federal, state government and other key stakeholders in the security sector of the country have been urged to prioritize the growth of the indigenous defence industry through structured conditional procurement programs and other strategic support initiatives. The call became necessary as national security challenges intensified and foreign exchange pressures mounted as a result of imports that could be halted if adequate support were given to local manufacturers.
Dettol, WBFA flag off hygiene initiative to build cleanliness among pupils

1 week ago | businessday.ng | Wasiu Alli

Dettol in partnership with Wellbeing Foundation Africa (WBFA) have officially launched the third year of the Dettol Hygiene Quest Initiative after recording a 34 percent drop in diseases from the previous campaign. The flag-off which took place at Oduduwa Primary School, Gbagada, Lagos aims to build hygiene culture among pupils and reduce related diseases by 10 percent.
UACN bets on long-term gains as dividend strategy prioritizes value creation

1 week ago | businessday.ng | Wasiu Alli

Despite more than doubling its pre-tax profits in full year 2024, UAC of Nigeria Plc is maintaining a flat dividend payout — a move that signals the company’s pivot toward long-term value creation over short-term investor appeasement. The conglomerate posted a 107 percent jump in profit before tax to N26 billion on the back of robust operational performance and strategic discipline.
NACC rolls out expansion plans to boost Nigeria's exports to U.S.

1 week ago | businessday.ng | Wasiu Alli

The Nigerian-American Chamber of Commerce (NACC) has rolled out plans to expand its reach in a bid to enhance bilateral trade relationship between Africa’s most populous nation and the United States. Sheriff Balogun, the newly inaugurated 20th president of the Chamber, whose administration aims to centre on expansion, innovation and influence, revealed this at the 65th Anniversary and Award presentation held in Lagos on Saturday.
Five things to know as Fitch upgrades Nigeria’s rating to stable

1 week ago | businessday.ng | Wasiu Alli

Nigeria’s credit rating was upgraded to ‘B’, highlighting a stable outlook after the government embarked on key reforms that abolished age-long fuel subsidies and allow the exchange rate to be more market driven rather than artificial pegging some 18 months ago. The improved rating follows lowering macroeconomic risks that’s now boosted investor confidence, enhancing resilience in the context of persistent domestic challenges and heightened external risks.
Nigerian youths need capital, not freebies as empowerment — AfDB boss - Businessday NG

1 week ago | businessday.ng | Wasiu Alli

Akinwunmi Adeshina, president of the African Development Bank (AfDB) has described empowerment initiatives by Nigerian leaders as ‘freebies’ that may not help propel prosperity and unlock opportunities for teeming Nigerian youths. Adeshina, speaking on Channels TV on Thursday called on government leaders to focus on capital-focused empowerment to reduce the “Japa Syndrome” that’s causing the country “big loss” and brain-drain.
Naira’s 3.6% fall against USD ‘reasonable’ compared to peers —JP Morgan - Businessday NG

1 week ago | businessday.ng | Wasiu Alli

Naira’s steep fall against the US dollar over the past week has been ‘reasonable’ compared to other frontier and emerging market currencies, according to JP Morgan Chase. The naira plunged to a four-month low at the beginning of the week as President Donald Trump’s tariffs sent shock waves across global markets.