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Business Day Online

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uuid000oz5f

Namestring
Business Day Online
Legal namestring
BusinessDay Media Ltd
Websiteurl
businessday.ng
Company typeenum
Private
Founded yearint
2001
Descriptiontext

Business Day Online, legally BusinessDay Media Ltd, is a Nigerian business and financial daily news organization founded in 2001 and headquartered in Lagos. The company operates a multi-product media platform centered on its digital news property businessday.ng, delivering coverage across companies, markets, the Nigerian economy, technology, aviation, banking, agriculture, real estate, sports, and lifestyle. It serves business professionals, executives, and market participants seeking credible business intelligence and economic analysis, and positions itself as Nigeria's first subscription-based business news platform. The company employs 501-1,000 staff and maintains an editorial team covering vertical beats including banking and capital markets, aviation, technology, health, sports, foreign affairs, and data analytics.

The core technology is a digital news platform with a mobile application launched in March 2026 on Google Play and Apple App Store, featuring personalization, improved navigation, and push notifications. The product portfolio extends well beyond the news site and includes BDTV Live (video streaming platform for interviews and market analysis), BusinessDay Pro (premium subscription tier for exclusive content), BusinessDay Intelligence (research and market intelligence service), BDFX (real-time currency exchange rate data), BD Conferences (industry events), BD Weekender (Saturday lifestyle edition), BD Foundation (CSR), an interactive Tax Calculator, and an E-Paper digital edition. Multiple wholly-owned subsidiaries (BD Conferences, BDTV Live, BusinessDay Intelligence, BDFX, BD Foundation) formalize this ecosystem of sub-brands.

The business model combines multiple revenue streams: advertising across the website and newsletter channels, premium subscription revenue via BusinessDay Pro, events revenue via BD Conferences, research and intelligence revenue via BusinessDay Intelligence, and print circulation. Distribution is multi-channel, spanning the owned website and mobile app, email newsletters, a WhatsApp channel, BDTV Live video, YouTube, X, and LinkedIn. Pricing is not publicly disclosed but tiered across digital, print, and combined subscription packages with a premium tier offering exclusive content. The company is privately held with no disclosed external investors, parent company, or funding rounds.

Short descriptiontext

Business Day Online is a Lagos-based, privately-held Nigerian business and financial news organization founded in 2001, operating a digital news platform, mobile app, and ecosystem of sub-brands (BDTV Live, BusinessDay Pro, BDFX, BD Conferences) serving business professionals and executives seeking market intelligence across Nigeria.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersLagos, Nigeria
HQ citystring
Lagos
HQ countrystring
Nigeria
HQ regionstring
Africa
Markets served

Serves global market

Keyword5 values
business news publishing, financial journalism, digital news platform, market intelligence research, premium news subscription
Industry2 codes
1Business, Financial & Trade News Publishers
CodeMPAJADACPrimaryYes
2Newsletters & Email-Based News Publishers (B2B/B2C)
CodeMPAJADAJPrimaryNo
NAICS code3 codes
  • Newspaper Publishers51311
  • Periodical Publishers513120
  • Newspaper, Periodical, Book, and Directory Publishers5131
SIC code2 codes
  • Newspapers: Publishing Or Publishing & Printing2711
  • Periodicals: Publishing Or Publishing & Printing2721
Product category
Business News Publishing
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Supply Chain
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Brand1 of 7 records shown
1BusinessDay Pro
Description

Premium subscription news service offering exclusive analysis and insights

businessday.ng
+6 more records
Core offering1 text field

BusinessDay is a Nigerian business and financial daily newspaper publishing platform that delivers news, market data, economic analysis, and investigative journalism across companies, markets, banking, aviation, technology, and lifestyle. Its offerings span a flagship digital news website (businessday.ng), mobile applications, a premium subscription service, video content via BDTV Live, currency exchange data via BDFX, market research via BusinessDay Intelligence, and industry conferences via BD Conferences.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

BusinessDay is a Nigerian business news organization offering a platform-plus-services portfolio centered on its core digital news platform (businessday.ng). The main platform delivers business news, market data, and economic analysis, supported by the mobile app which provides on-the-go access with personalization features. Additional offerings include BDTV Live for video content, a Premium subscription tier for exclusive reporting, BDFX for currency exchange information, BusinessDay Intelligence for research, BD Conferences for events, BD Foundation for CSR, a Tax Calculator tool, and E-Paper digital editions.

Product and service9 records
1BusinessDay Digital News Platform
CategoryBusiness News Publishing
Description

Core digital news platform (businessday.ng) delivering daily business news, market data, economic analysis, and breaking news coverage of Nigerian and African companies, markets, banking, aviation, technology, and lifestyle sectors to business professionals and executives.

2Business Day Mobile App
CategoryMobile News Application
Description

Mobile application available on Google Play and Apple App Store providing on-the-go access to BusinessDay's business news and market coverage with improved navigation, personalization, and push notifications for individual readers.

3BusinessDay Premium
CategoryPremium News Subscription
Description

Subscription-based premium service offering exclusive content, in-depth analysis, ad-free access, and BusinessDay's investigative and premium reporting for paying individual subscribers and readers.

4BDTV Live
CategoryVideo News and Streaming
Description

Video streaming platform featuring Business Day TV interviews, market analysis, and thought leadership content including the 'Bank on it' series for video-first audiences.

5BDFX
CategoryFinancial Data Service
Description

Currency exchange rate service providing real-time FX rates and foreign exchange market information relevant to Nigerian and African markets.

6BusinessDay Intelligence
CategoryMarket Research and Intelligence
Description

Research and insight service providing market intelligence, industry analysis, and business research reports for corporate, government, and institutional buyers.

7BD Conferences
CategoryBusiness Events and Conferences
Description

Business events and conference platform organizing industry-specific conferences including the Tourism Conference and the African Economic Global Convergence Summit for industry stakeholders and sponsors.

8BusinessDay E-Paper / Digital Edition
CategoryDigital News Edition
Description

Electronic version of the BusinessDay newspaper available for digital reading and archival access, extending the print edition to digital subscribers.

9BD Weekender
CategoryWeekend Newspaper Edition
Description

Saturday weekend edition of BusinessDay covering lifestyle and feature content, distributed in print and through BusinessDay digital channels.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

ThisDay is one of Nigeria's leading privately owned daily newspapers with strong business, politics and lifestyle coverage, headquartered in Lagos. It directly competes with BusinessDay for the same Nigerian executive reader and advertising pool, and similarly operates a digital-plus-print model.

TypeDirect peer
Description

Leadership is a privately owned Abuja- and Lagos-based Nigerian daily with business and political coverage. It competes directly with BusinessDay in the Nigerian daily newspaper and business-news segment.

3The Cable
TypeDirect peer
Description

The Cable is a Nigerian digital-first news outlet covering business, politics and policy with strong commentary from notable columnists. It competes with BusinessDay for the same digitally native Nigerian executive reader.

TypeDirect peer
Description

The Sun is a widely circulated Nigerian daily newspaper with strong business and politics reporting. It competes directly with BusinessDay for both print readers and online audiences in Nigeria.

TypeDirect peer
Description

Premium Times is a leading Nigerian investigative and business-news digital outlet founded by journalist Dapo Olorunyomi. It competes with BusinessDay for Nigerian professional readers, particularly in investigative business journalism.

TypeDirect peer
Description

Punch is one of Nigeria's highest-circulation dailies with a substantial business and politics section and a large digital audience via punchng.com. It is a direct competitor for Nigerian news consumers and digital advertising inventory.

TypeDirect peer
Description

The Guardian Nigeria is a major national daily with strong business and political coverage and a long-established Lagos headquarters. It competes head-to-head with BusinessDay for Nigerian professional readers, print circulation and corporate advertising budgets.

TypeBroad incumbent
Description

Reuters operates a global business newswire with deep African coverage targeting institutional investors and corporates. It competes with BusinessDay for Nigerian and African business-news mindshare, particularly among expatriate executives and institutional readers.

9Vanguard Nigeria
TypeDirect peer
Description

Vanguard is a long-established Nigerian daily newspaper with national and business coverage distributed in print and online. It is a direct competitor for both readers and corporate advertising in Nigeria.

TypeBroad incumbent
Description

Bloomberg is a global business and financial news leader with subscription, terminal, research and events businesses serving institutional readers. It is a broader incumbent whose subscription research and events model parallels BusinessDay Intelligence and BusinessDay Pro for African institutional clients.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles8 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries5 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Business Day Online

Business News Publishingbusinessday.ng

Business Day Online is a Lagos-based, privately-held Nigerian business and financial news organization founded in 2001, operating a digital news platform, mobile app, and ecosystem of sub-brands (BDTV Live, BusinessDay Pro, BDFX, BD Conferences) serving business professionals and executives seeking market intelligence across Nigeria.

What Business Day Online does

Business Day Online, legally BusinessDay Media Ltd, is a Nigerian business and financial daily news organization founded in 2001 and headquartered in Lagos. The company operates a multi-product media platform centered on its digital news property businessday.ng, delivering coverage across companies, markets, the Nigerian economy, technology, aviation, banking, agriculture, real estate, sports, and lifestyle. It serves business professionals, executives, and market participants seeking credible business intelligence and economic analysis, and positions itself as Nigeria's first subscription-based business news platform. The company employs 501-1,000 staff and maintains an editorial team covering vertical beats including banking and capital markets, aviation, technology, health, sports, foreign affairs, and data analytics.

The core technology is a digital news platform with a mobile application launched in March 2026 on Google Play and Apple App Store, featuring personalization, improved navigation, and push notifications. The product portfolio extends well beyond the news site and includes BDTV Live (video streaming platform for interviews and market analysis), BusinessDay Pro (premium subscription tier for exclusive content), BusinessDay Intelligence (research and market intelligence service), BDFX (real-time currency exchange rate data), BD Conferences (industry events), BD Weekender (Saturday lifestyle edition), BD Foundation (CSR), an interactive Tax Calculator, and an E-Paper digital edition. Multiple wholly-owned subsidiaries (BD Conferences, BDTV Live, BusinessDay Intelligence, BDFX, BD Foundation) formalize this ecosystem of sub-brands.

The business model combines multiple revenue streams: advertising across the website and newsletter channels, premium subscription revenue via BusinessDay Pro, events revenue via BD Conferences, research and intelligence revenue via BusinessDay Intelligence, and print circulation. Distribution is multi-channel, spanning the owned website and mobile app, email newsletters, a WhatsApp channel, BDTV Live video, YouTube, X, and LinkedIn. Pricing is not publicly disclosed but tiered across digital, print, and combined subscription packages with a premium tier offering exclusive content. The company is privately held with no disclosed external investors, parent company, or funding rounds.

Business Day Online firmographics

Firmographics
Name
Business Day Online
Legal name
BusinessDay Media Ltd
Website
https://businessday.ng
Company type
Private
Founded year
2001
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Business Day Online is a Lagos-based, privately-held Nigerian business and financial news organization founded in 2001, operating a digital news platform, mobile app, and ecosystem of sub-brands (BDTV Live, BusinessDay Pro, BDFX, BD Conferences) serving business professionals and executives seeking market intelligence across Nigeria.
Ownership category
akta.pro rank

Business Day Online industry classification

Industry
Product category
Business News Publishing
NAICS
Newspaper Publishers (51311), Periodical Publishers (513120), Newspaper, Periodical, Book, and Directory Publishers (5131)
SIC
Newspapers: Publishing Or Publishing & Printing (2711), Periodicals: Publishing Or Publishing & Printing (2721)
akta.pro primary industry
Business, Financial & Trade News Publishers (MPAJADAC)
akta.pro secondary industry
Newsletters & Email-Based News Publishers (B2B/B2C) (MPAJADAJ)

Keywords

  • Business news publishing
  • Financial journalism
  • Digital news platform
  • Market intelligence research
  • Premium news subscription

Where Business Day Online is headquartered

Location

Headquarters

HQ city
Lagos
HQ country
Nigeria
HQ region
Africa

Markets served

Business Day Online business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Supply Chain

Distribution channels2 records

Marketing channels6 records

Business Day Online product offering

Product offering

Core offering

BusinessDay is a Nigerian business and financial daily newspaper publishing platform that delivers news, market data, economic analysis, and investigative journalism across companies, markets, banking, aviation, technology, and lifestyle. Its offerings span a flagship digital news website (businessday.ng), mobile applications, a premium subscription service, video content via BDTV Live, currency exchange data via BDFX, market research via BusinessDay Intelligence, and industry conferences via BD Conferences.

Product overview

BusinessDay is a Nigerian business news organization offering a platform-plus-services portfolio centered on its core digital news platform (businessday.ng). The main platform delivers business news, market data, and economic analysis, supported by the mobile app which provides on-the-go access with personalization features. Additional offerings include BDTV Live for video content, a Premium subscription tier for exclusive reporting, BDFX for currency exchange information, BusinessDay Intelligence for research, BD Conferences for events, BD Foundation for CSR, a Tax Calculator tool, and E-Paper digital editions.

Differentiator

Problem solved

Functional benefit

Brands

  • BusinessDay Pro: Premium subscription news service offering exclusive analysis and insights
  • BDTV Live
  • BusinessDay Intelligence
  • BDFX
  • BD Weekender
  • BD Conferences
  • BD Foundation

Products and services

  • BusinessDay Digital News Platform Core digital news platform (businessday.ng) delivering daily business news, market data, economic analysis, and breaking news coverage of Nigerian and African companies, markets, banking, aviation, technology, and lifestyle sectors to business professionals and executives.
  • Business Day Mobile App Mobile application available on Google Play and Apple App Store providing on-the-go access to BusinessDay's business news and market coverage with improved navigation, personalization, and push notifications for individual readers.
  • BusinessDay Premium Subscription-based premium service offering exclusive content, in-depth analysis, ad-free access, and BusinessDay's investigative and premium reporting for paying individual subscribers and readers.
  • BDTV Live Video streaming platform featuring Business Day TV interviews, market analysis, and thought leadership content including the 'Bank on it' series for video-first audiences.
  • BDFX Currency exchange rate service providing real-time FX rates and foreign exchange market information relevant to Nigerian and African markets.
  • BusinessDay Intelligence Research and insight service providing market intelligence, industry analysis, and business research reports for corporate, government, and institutional buyers.
  • BD Conferences Business events and conference platform organizing industry-specific conferences including the Tourism Conference and the African Economic Global Convergence Summit for industry stakeholders and sponsors.
  • BusinessDay E-Paper / Digital Edition Electronic version of the BusinessDay newspaper available for digital reading and archival access, extending the print edition to digital subscribers.
  • BD Weekender Saturday weekend edition of BusinessDay covering lifestyle and feature content, distributed in print and through BusinessDay digital channels.

Companies that use Business Day Online

Customer profile

Segments1 record

Ideal customer profiles2 records

Business Day Online technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Business Day Online partnerships and signals

Strategic signal

Recent moves6 records

Expansion highlights5 records

Business Day Online competitors and assessment

Company assessment

Direct peers

  • ThisDay Newspaper: ThisDay is one of Nigeria's leading privately owned daily newspapers with strong business, politics and lifestyle coverage, headquartered in Lagos. It directly competes with BusinessDay for the same Nigerian executive reader and advertising pool, and similarly operates a digital-plus-print model.
  • Leadership Newspaper: Leadership is a privately owned Abuja- and Lagos-based Nigerian daily with business and political coverage. It competes directly with BusinessDay in the Nigerian daily newspaper and business-news segment.
  • The Cable: The Cable is a Nigerian digital-first news outlet covering business, politics and policy with strong commentary from notable columnists. It competes with BusinessDay for the same digitally native Nigerian executive reader.
  • The Sun Nigeria: The Sun is a widely circulated Nigerian daily newspaper with strong business and politics reporting. It competes directly with BusinessDay for both print readers and online audiences in Nigeria.
  • Premium Times Nigeria: Premium Times is a leading Nigerian investigative and business-news digital outlet founded by journalist Dapo Olorunyomi. It competes with BusinessDay for Nigerian professional readers, particularly in investigative business journalism.
  • Punch Newspaper: Punch is one of Nigeria's highest-circulation dailies with a substantial business and politics section and a large digital audience via punchng.com. It is a direct competitor for Nigerian news consumers and digital advertising inventory.
  • The Guardian (Nigeria): The Guardian Nigeria is a major national daily with strong business and political coverage and a long-established Lagos headquarters. It competes head-to-head with BusinessDay for Nigerian professional readers, print circulation and corporate advertising budgets.
  • Vanguard Nigeria: Vanguard is a long-established Nigerian daily newspaper with national and business coverage distributed in print and online. It is a direct competitor for both readers and corporate advertising in Nigeria.

Broad incumbents

  • Reuters Africa: Reuters operates a global business newswire with deep African coverage targeting institutional investors and corporates. It competes with BusinessDay for Nigerian and African business-news mindshare, particularly among expatriate executives and institutional readers.
  • Bloomberg News: Bloomberg is a global business and financial news leader with subscription, terminal, research and events businesses serving institutional readers. It is a broader incumbent whose subscription research and events model parallels BusinessDay Intelligence and BusinessDay Pro for African institutional clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Business Day Online social profiles

Digital presence

Business Day Online financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Business Day Online leadership team

Management profile

Number of profiles

Profiles8 records

Business Day Online subsidiaries and ownership

Company hierarchy

Subsidiaries5 records

Business Day Online funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Business Day Online M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Business Day Online

What does Business Day Online do?

BusinessDay is a Nigerian business and financial daily newspaper publishing platform that delivers news, market data, economic analysis, and investigative journalism across companies, markets, banking, aviation, technology, and lifestyle. Its offerings span a flagship digital news website (businessday.ng), mobile applications, a premium subscription service, video content via BDTV Live, currency exchange data via BDFX, market research via BusinessDay Intelligence, and industry conferences via BD Conferences.

Is Business Day Online a public or private company?

Business Day Online is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Business Day Online founded?

Business Day Online was founded in 2001. It employs 501 to 1,000 people.

Where is Business Day Online based?

Business Day Online is headquartered in Lagos, Nigeria, in the Africa region.

Who are Business Day Online's main competitors?

Direct peers on record are ThisDay Newspaper, Leadership Newspaper, The Cable, The Sun Nigeria, Premium Times Nigeria, Punch Newspaper, The Guardian (Nigeria) and Vanguard Nigeria. Broad incumbents are Reuters Africa and Bloomberg News.

Does Business Day Online have an API?

No public API is recorded for Business Day Online.

What industry is Business Day Online in?

Business Day Online's product category is Business News Publishing. Its primary akta.pro industry code is MPAJADAC, Business, Financial & Trade News Publishers, with a secondary code of MPAJADAJ, Newsletters & Email-Based News Publishers (B2B/B2C). Its NAICS code is 51311 and its SIC code is 2711.

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Live signals
BusinessdayEFCC, ICPC silent after BusinessDay exposé on Umahi’s N60.1bn contract to loyalist - Businessday NGThe EFCC and ICPC have not responded to BusinessDay's September 25 exposé on N60.1 billion in payments to Reinforced Global Resources, owned by Joshua Okoro, a political associate of Minister David Umahi. The report found no traceable federal contracts before Umahi's tenure and 27 payments. BusinessDay sent the report to the ICPC on September 30, but no investigation has been announced.BusinessdayNAICOM raises post-recapitalisation bar for insurers - Businessday NGNAICOM raised the bar for insurers after recapitalisation, shifting focus from capital raised to capacity for underwriting, claims, and innovation. The commissioner said capital must translate into better service and customer confidence, while industry leaders noted SMEs face barriers like high operational costs and delayed claims.BusinessdayWe built the factory. We forgot the economy - Businessday NGThe Go Local Summit 2.0 in Lagos on September 17 argued that Nigeria's industrial weakness lies in coordination, not entrepreneurial energy. It cited alternative-energy spending of ₦1.34 trillion in 2025 and private-sector credit at 12% of GDP. The summit called for industrial policy, energy, finance, regulation, logistics, and demand as systemic fixes.BusinessdayBusinessDay expands investment forum to Kenya linking African SMEs with global capital - Businessday NGBusinessDay is expanding its Opportunity Africa investment forum to Kenya to connect African SMEs with global investors. The initiative aims to deepen trade between West and East Africa, with planned editions in London, Singapore, and Egypt. The conference will also address sectors like banking, fintech, health, and the creative economy.THISDAYLIVECMFC Boss Applauded for Corporate Transformation – THISDAYLIVEDr Israel Ovirih, President & Co-CEO of CMFC, was named one of Nigeria's top 25 CEOs by BusinessDay and NGX. The award recognized his transformational leadership, and he reaffirmed CMFC's commitment to financing critical minerals and metals in Nigeria and Africa.CoinMarketCapNew US Sanctions Push on Iran Weighs on Oil Prices: Guest Post by TheCoinrise MediaOil prices slipped in recent trading as traders priced in reports that the United States is preparing new economic pressure on Iran, published by CryptoBriefing and BusinessDay NG on August 24. The reports did not specify the measures, which would typically target oil exports, shipping or financial institutions. The muted reaction suggests markets view the step as incremental, pending official confirmation.BusinessdayStay, hustle or japa: What young Nigerians say about money – PollA BusinessDay June 2026 Gen Z Pick poll reveals that young Nigerians are navigating financial pressures, with 61.6% reporting steady income while many struggle with savings and the rising cost of living. The survey highlights a divided opinion on the 'soft life' trend and shows that half of respondents are open to relocating abroad ('japa') if better opportunities arise, though most prefer building their future in Nigeria. Respondents identified inflation and structural economic challenges as significant barriers to achieving financial security.BusinessdayWhy African creators are missing out on Afrobeats windfallAt the BusinessDay Creative Entertainment Summit 2026, industry leaders said African creators miss out on Afrobeats value due to weak IP and licensing structures. Nigeria's music industry could be worth $600 million, with nightlife at $900 million, but foreign ownership and unlicensed use drain revenue. The NCAC plans a Nigerian Music Business Council and licensing reforms.BusinessdayIMF warns Nigeria on rising bad loans despite stronger banksThe IMF warned Nigerian regulators to monitor rising non-performing loans despite the banking sector's improved resilience from recapitalisation. It noted banks transmit monetary tightening quickly but ease slowly, and urged Basel III standards and crypto oversight.BusinessdayMTN Nigeria celebrates media excellence as BusinessDay’s Royal Ibeh wins Digital Storyteller AwardBusinessDay's Royal Ibeh won Digital Storyteller of the Year at MTN Nigeria's inaugural MIP Alumni Awards, receiving a N1 million cash prize and a one-year internet subscription for her report on Nigeria's broadband challenges. Other winners included Johnstone Kpilaakaa and Victory Wilson, with Chioma Chinyere Chukwuemeka taking the highest honor.