Business

Business

From Ride-Hailing To Delivery, How Uber Could Re-Enter Nigeria Through Glovo

Joy Onuorah, THEWILL -
The company also exited Uganda, describing both decisions as the result of a review of its business and investment priorities across Africa. It did not offer a detailed explanation for the Nigerian withdrawal.
Business

Uber’s Exit: A Warning Bell for Nigeria’s MSME Economy

Sam Diala, THEWILL -
Uber has described the decision as the outcome of a review of its evolving business priorities and investment focus across Africa.
Business

NASENI Launches $25,000 Accelerator Programme for Nigerian Innovations

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THEWILL -
The programme is being implemented by the NASENI Innovation Hub in partnership with AfriLabs, Africa’s largest network of innovation and technology hubs.
Business

Afrinvest to Promote Islamic Investment Products in Kano

THEWILL -
Afrinvest (West Africa) Limited is set to promote its Islamic investment products in Kano State as part of efforts to expand access to ethical and Shariah-compliant investment opportunities in the state.
Business

Nigeria’s External Reserves Hit $54.08bn, Highest In 18 Years

Ogochukwu Onwaeze, THEWILL -
CBN data showed that reserves stood at $54.0839 billion on Thursday, up from $53.99 billion on September 2 and $53.90 billion on September 1.
Business

NGX Extends Gains As ASI Climbs To 246,992 Points Despite Negative Breadth

Ogochukwu Onwaeze, THEWILL -
The ASI opened at 246,388.22 points and closed at 246,992.44 points, representing a 0.25 percent gain.
Business

Dangote Refinery Gets SEC Approval For ₦525/Share IPO

Joy Onuorah, THEWILL -
Dangote Group disclosed the approval on Friday, bringing the refinery closer to what is expected to be one of Africa’s largest equity offerings. At the offer price, the shares are worth about ₦2.15 trillion if fully subscribed.
Business

NGX Begins Climate Assessments for 50+ Companies Under N-Zero Initiative

Ogochukwu Onwaeze, THEWILL -
The assessment is designed to establish where each company currently stands on climate readiness and identify the gaps that need to be addressed before firms can set credible targets and implement transition plans.
Business

Investors Pour N3.35tn Into T-Bills as CBN Cuts 1-Year Yield to 16.84 Percent

Ogochukwu Onwaeze, THEWILL -
Investors submitted N3.35 trillion worth of bids for Treasury bills valued at N700 billion, representing demand of almost five times the amount offered by the CBN.
Business

IEA Targets Doubling Nigeria’s Energy Investment to Unlock Oil, Gas, Solar

Ogochukwu Onwaeze, THEWILL -
Nigeria’s energy investment could double within the next five years following the country’s admission as an associate member of the International Energy Agency, IEA Executive Director Fatih Birol has said.
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