Huge amounts of taxpayers’ money have been spent on them without results; and current contracts to rehabilitate the refineries in Port Harcourt, Warri and Kaduna will overflow into the next seven years.
Aside from specific budgetary allocations for major projects...
January 11, (THEWILL) - The World Bank has said that developing countries are vulnerable to the slowdown in the global economy and would suffer the impacts more severely.
It noted that growth in the global economy is slowing...
January 10, (THEWILL) - The cash withdrawal limit imposed by the Central Bank of Nigeria (CBN) kicked off across the country yesterday, Monday, January 9, 2022, with Lagos residents expressing mixed reactions.
The apex bank had notified the public of...
Amid renewed drive towards full cashless policy implementation across Nigeria, Ecobank Nigeria, the subsidiary of Ecobank Transnational Incorporated (ETI) has said it is on track to meet its full-year targets notwithstanding the increasingly complex operating environment.
The Central Bank of...
FBN Holdings Plc recorded the highest traded shares volume in the first trading week of 2023, among the four Financial Services equities of the outstanding NGX-30 group.
Data by the Nigerian Exchange Limited (NGX) showed that FBN Holdings witnessed huge...
For most Nigerians hopeful of a new lease of life with the coming to power of a new government after the 2023 general elections, the content of the last budget expenditure of the Federal Government may jolt them into...
January 03, (THEWILL) - The recalcitrant group of the Peoples Democratic Party (PDP) governors known as the G-5, returned from their London trip after two days last Friday. The trip must have elevated the cost of the governors’ political...
January 02, (THEWILL) - The International Monetary Fund (IMF) has said that one-third of the world’s economies will slide into recession in 2023.
It also disclosed that 2023 will be tougher than 2022 for most of the global economy as...
The Centre for the Promotion of Private Enterprise (CPPE) has said that Nigeria’s current tax regime is stifling investment and economic growth.
Muda Yusuf, director of the organisation, made this known in a statement detailing CPPE’s economic and business environment...
Investors in the Nigerian equities market gained N5.62 trillion Naira with market capitalisation hitting N27.92 trillion on the last trading day of the year, December 30, 2022. This is a 25.3 percent increase compared with N22.30 trillion the market...
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.