Business

Rail Transport Revenue Rises Amid High Debt Servicing, Running Costs

September 22, (THEWILL) – Nigeria’s rail transport sector recorded improved revenue and higher passenger and cargo services in the second quarter of the year (Q2 2024) according to data by the National Bureau of Statistics (NBS). According to NBS, in...

UBA Plc Maintains Grip on Industry Leadership Ahead of Capital Raise

September 22, (THEWILL) – The attention of the global financial markets has been drawn to the commanding heights achieved by Africa’s Global Bank, United Bank for Africa Plc, amid challenging operating environment, as it concludes plans for the much...

Nigerian Breweries Receives Crucial Lifeline Ahead Of Rights Issue

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September 19, (THEWILL) – Amid operational challenges, Nigerian Breweries Plc has received a crucial lifeline from its parent company, Heineken, as it prepares for capital raise through rights issue. The lifeline was by way of suspending interest payments...

CBN Appoints New Board For Keystone Bank, Names Ada Chukwudozie Chairman

September 18, (THEWILL) – The Central Bank of Nigeria (CBN) has constituted a new board for Keystone Bank Limited as part of efforts to strengthen the lender’s operations for sustained business growth. The apex bank had in January dissolved the...

CBN To Hold MPC Meeting September 23

September 18, (THEWILL) – The Central Bank of Nigeria (CBN) says it will hold its 297th Monetary Policy Committee (MPC) meeting on Monday, September 23 and Tuesday, September 24, 2024. The apex bank disclosed this in a statement titled, "Notice...

Okonjo-Iweala Seeks Second Term As WTO DG

September 17, (THEWILL) – The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, will seek a second term in office to complete an “unfinished business,” her Spokesman, Ismaila Dieng, said. “I would like to be part of this...

Nigeria, Delta, First Ladies Donate N10m to 40 Lady Farmers

September 16, (THEWILL) – Some 40 female farmers in Delta State have received grants worth N10 million to boost their agro businesses, while 1,200 indigent households received food items from the wife of the President, Senator Oluremi Tinubu, and...

Nigeria’s Finance Minister & World Bank VP Discuss Power Sector Reforms to Drive Infrastructure Development

September 16, (THEWILL) – Nigeria's Finance and Coordinating Minister of the Economy, Mr Wale Edun, and Guangzhe Chen, Vice President for Infrastructure at the World Bank, have met to discuss bold reforms aimed at improving electricity access across...

Dangote Petrol Supply: NNPC Refineries Headed For Obnoxious Relics

September 16, (THEWILL) – With Dangote Refinery commencing actual production on September 3, and distribution on September 15, 2024, it is now clear that Nigerians have begun to enjoy the availability of locally refined petrol – after about 28...

Tinubu’s Naira-For-Crude Policy: A Game Changer?

September 15, (THEWILL) – Nigeria, a giant nation in Africa and a major oil producing nation has engaged in a business aberration for decades - she sells her crude oil, her major source of revenue to the world in...