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.

International

English

Newspaper

Outlet metrics

Domain Authority

Ranking

Global

#43501

Nigeria

#243

Articles

Wale Edun says forensic audit of NNPC is underway

11 hours ago | businessday.ng | Oluwatosin Ogunjuyigbe

Wale Edun, the minister of finance and coordinating minister of the economy, has announced that a forensic audit of the Nigerian National Petroleum Company (NNPC) Limited is in the works. Edun made this statement on Tuesday during the Nigerian Investor Forum held alongside the International Monetary Fund (IMF) and World Bank spring meetings in Washington, DC, United States.
Federal government releases N50bn to pay ASUU

19 hours ago | businessday.ng | Oluwatosin Ogunjuyigbe

Education Minister Dr. Maruf Alausa announced on Wednesday that the Federal Government has released N50 billion to university staff unions. This money will settle earned allowances that President Bola Tinubu had promised to pay. The announcement came through Folasade Boriowo, Director of Press at the Federal Ministry of Education.
- Businessday NG

1 day ago | businessday.ng | Oluwatosin Ogunjuyigbe

IMF Director Kristalina Georgieva reportedly apologised on Monday in Washington, DC, for recent comments about Nigeria needing to consider the poor in its economic policies. This came after Senator Jimoh Ibrahim criticised the IMF for making “negative comments that lack supporting data” about Nigeria’s economy. The IMF had questioned how the Nigerian government’s reforms were affecting poor citizens during meetings with lawmakers.
Putin offers to halt Ukraine invasion

1 day ago | businessday.ng | Oluwatosin Ogunjuyigbe

Russian President Vladimir Putin has offered to stop his invasion of Ukraine at the current battle lines as part of potential peace talks with U.S. President Donald Trump, according to a Financial Times report published Tuesday. The report, which cites unnamed sources familiar with the situation, says Putin made this offer during a meeting with Trump’s special envoy Steve Witkoff in St. Petersburg earlier this month.
FG to close down Marine Bridge for 60 days

1 day ago | businessday.ng | Oluwatosin Ogunjuyigbe

The Federal Ministry of Works has announced a 60-day closure of the Marine Bridge in Lagos beginning from Sunday, April 27, as part of ongoing structural repairs. Speaking on Channels Television’s Sunrise Daily on Tuesday, the Federal Controller of Works for Lagos State, Olukorede Kesha, said the first section at the beginning of the bridge will completely close for 20 days. This initial closure will likely cause major traffic problems around Apapa, Ijora, and Iganmu.
Trum says he has no intention to fire Fed chief Powell

1 day ago | businessday.ng | Oluwatosin Ogunjuyigbe

US President Donald Trump said he won’t fire Federal Reserve Chair Jerome Powell, despite wanting faster interest rate cuts. “Never did,” Trump told reporters Tuesday. “The press runs away with things. No, I have no intention of firing him. I would like to see him be a little more active in terms of his idea to lower interest rates.”This comes after Trump’s economic advisor, Kevin Hassett, told reporters that Trump was checking if he could legally fire Powell.
Naira trades flat as CBN accounts for 50% dollar inflows

1 day ago | businessday.ng | Hope Moses-Ashike

The naira on Tuesday closed flat at the official foreign exchange (FX) market as the Central Bank of Nigeria (CBN) recorded the highest dollar sale in one week, accounting for 50 percent inflows. After trading yesterday at the Nigerian Foreign Exchange Market (NFEM), the naira depreciated slightly by 0.2 percent as the dollar was quoted at N1,602.63 compared to N1,599.93 seen on Thursday last week before the Easter holiday, data from the CBN showed.
Global financial risks grow on tighter financial conditions, uncertainties – IMF - Businessday NG

1 day ago | businessday.ng | Hope Moses-Ashike

The International Monetary Fund (IMF) has warned that global financial stability risks have intensified, fuelled by tightening financial conditions, ongoing geopolitical tensions, and uncertainty in global trade. The warning was issued in its latest ‘Global Financial Stability Report,’ which outlines mounting vulnerabilities across capital markets, nonbank financial institutions (NBFIs), and sovereign debt markets.
Twelve states waive fees to drive rural internet access

1 day ago | businessday.ng | Temitayo Jaiyeola

About a dozen Nigerian states have waived Right of Way (RoW) fees to attract broadband investments and expand internet access, particularly in rural and underserved areas. These states, including Zamfara, Katsina, Anambra, Kebbi, Nasarawa, Bauchi, and Adamawa, have over 31.17 million mobile subscriptions. Their goal is to improve digital connectivity by easing infrastructure deployment for telecom operators.
Mahama suspends Ghana's chief justice over alleged misconduct

1 day ago | businessday.ng | Oluwatosin Ogunjuyigbe

John Mahama, Ghana’s president, has suspended Gertrude Torkornoo, the country’s chief justice, over allegations of misconduct. Ghana’s presidential spokesperson, Felix Kwakye Ofosu, announced on Tuesday that the Council of State made this decision after three people filed complaints against the Chief Judge. According to Ofosu, Torkornoo is accused of tampering with court records and misusing public money.