BusinessDay Nigeria

Founded in 2001, Business Day is a daily newspaper focused on business news, headquartered in Lagos, Nigeria. Notably, it is the only Nigerian publication that has a bureau located in Accra, Ghana. Business Day offers both daily and Sunday editions and is available to readers in both Nigeria and Ghana.

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English

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#43501

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#243

Articles

Taylor Swift becomes IFPI’s music artist for the 3rd consecutive year

14 hours ago | businessday.ng | Anthony Udugba

Taylor Swift takes the top spot as the number one global music artist for the third year in a row, according to the IFPI Global Music Report 2025. The report tracks consumption across streaming, digital, and physical sales for 2024. Swift’s dominance comes as no surprise, as her record-breaking tours and chart-topping releases continue to captivate fans worldwide. Following Swift, Drake secures the second position, maintaining his steady influence with hits that dominate streaming platforms.
How AI tools are reshaping Afrobeats production

1 day ago | businessday.ng | Anthony Udugba

Afrobeats has gained global popularity for its lively rhythms and rich cultural heritage. However, the emergence of AI music tools has sparked concerns about whether AI can replicate the emotion of human-created Afrobeats, or if the genre must innovate to remain competitive. At the second edition of the Music Business Conference held at Lagos Business School in Lekki, Lagos, a panel themed, “AI and Music Creation: Innovation or Imitation?” attempted to answer this question.
Nigeria’s risk profile, trade barriers deter U.S. investors amid growing commercial interests

1 day ago | businessday.ng | Bethel Olujobi

American businesses are growing wary of Nigeria’s business environment on the back of complex regulatory regimes and border restrictions, which have stalled trade, said Richard Mills, the U.S. Ambassador to Nigeria, on Thursday.
Spotify combats streaming farms to protect artists, fans

1 day ago | businessday.ng | Anthony Udugba

Spotify is poised to tackle streaming farms in an effort to remove them from the music business. In today’s music industry, streaming platforms are vital for artists to share their music and earn revenue. However, the issue of streaming farms has emerged as a significant concern for both artists and fans. To address this, Spotify intends to use smart tech, team up with others in the industry, and make efforts to teach artists how to spot and avoid these scams.
TikTok for artists launches globally, skips sub-Saharan Africa

2 days ago | businessday.ng | Anthony Udugba

TikTok has unveiled the global rollout of its artist analytics platform, TikTok for Artists, following a two-month beta testing period with a select group of artists. However, this launch excluded all countries in Sub-Saharan Africa, leaving artists in the region without access to these new tools.
Unitellas CEO urges Nigerians to patronize local cloud services to boost FX

2 days ago | businessday.ng | Chinwe Michael

Smith Osemeke, CEO of Unitellas Edge Cloud, is calling on Nigerian businesses and government bodies to adopt locally hosted cloud services as Nigeria prioritises digital sovereignty and the stabilisation of its foreign exchange reserves. Speaking at a recent media chat in Lagos, Osemeke emphasised that patronising indigenous cloud infrastructure providers like Unitellas is a crucial step toward reducing capital flight and strengthening the naira.
Manufacturers' loans hit five-year high on naira devaluation

2 days ago | businessday.ng | Chinwe Michael

Nigerian manufacturers’ loans from tier-one banks soared to a five-year high as a result of naira devaluation. Data from the Nigerian Exchange Group (NGX) show that loans to the manufacturing sector by the country’s top-tier banks increased to N6.4 trillion in 2024, representing a 218.4 percent year-on-year increase, and the highest level since 2020 when the total stood at N2.06 trillion.
Manufacturers' loans hit five-year high on naira devaluation

2 days ago | businessday.ng | Chinwe Michael

Home > News > Manufacturers’ loans hit five-year high on naira devaluation Share Nigerian manufacturers’ loans from tier-one banks soared to a five-year high as a result of naira devaluation.
Why Spotify pays Nigerian artists 33 times less than in Sweden

3 days ago | businessday.ng | Anthony Udugba

In a recent interview with Joey Akan on the Afrobeats Intelligence podcast, Muyiwa Awoniyi, manager of Grammy-winning Nigerian singer Tems, highlighted a stark disparity in Spotify streaming earnings: one million streams in Nigeria generate just $300, while the same streams in Sweden are worth up to $10,000, 3,233.33 percent more. This gap reveals how geography and different economies shape income in the global music streaming industry.
How to secure your child’s future with education insurance

3 days ago | businessday.ng | Modestus Anaesoronye

The dream of most parents is to see their children have the quality of education they have planned for them. But life filled circumstances most at times change these dreams, except proper arrangements are put in place against the unexpected. This is where insurance comes in as a proactive means of securing your child’s education. It is a proactive way to reduce financial stress and ensure that your child’s future remains bright, regardless of what life may bring.