Business

Equities Deals Jump 30% Y-t-D as Investors Gain N14.5trn in August

September 02, (THEWILL) – The admixture of fiscal and monetary policy initiatives impacted considerably on the equities market in the eight months of the year – pushing the All-Share Index to a growth of 30%, year-to-date, as bargain hunters...

Zenith Bank Delivers Phenomenal H1 2024 Result As Gross Earnings Rise By 117% To N2.1trn, Pays N1 Per Share Interim Dividend

September 02, (THEWILL) – Zenith Bank Plc has announced its audited results for the half-year ended June 30, 2024, recording an impressive triple-digit growth of 117 percent in gross earnings from N967.3 billion reported in H1 2023 to N2.1...

Nigeria Spent $28.65bn on Foreign Education in 10 Years – Report

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September 01, (THEWILL) – Foreign education cost Nigeria $28.65bn from 2010 to 2020, with Personal Transport Allowance totalling $58.7bn, a report by the Office of the Deputy Speaker, House of Representatives, quoting the Central Bank of Nigeria, has disclosed. In...

‘Recent Fiscal Policies May Worsen Nigeria’s Inflation’

September 01, (THEWILL) – A foremost credit rating agency, Agusto & Co, has warned that Nigeria’s inflation, which recently saw a slight moderation, is at risk of persisting due to several upcoming fiscal measures. According to Agusto & Co, the...

Domestic Dollar Bond: Dangers of Dollarising Nigerian Economy

September 01, (THEWILL) – The Bola Tinubu Administration has been engaging in a lot of ‘trial and error’ in its quest for an improved and sustainable foreign exchange (FX) inflow since its inauguration in May 2023. It has even...

Concerns as NNPCL Seeks Private Firms to Run Refineries

September 01, (THEWILL) – In an apparent state of bewilderment stemming from what stakeholders and industry experts ascribed to ineptitude and corruption, the Nigerian National Petroleum Company Limited (NNPC) has made a detour on the endless route towards fixing...

CBN Fires NIRSAL Executive Management Team

August 31, (THEWILL) – The Central Bank of Nigeria (CBN) has fired all the Executive management of the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). According to a reliable source, who confirmed the development to THEWILL, one...

Nigeria, Boeing Sign MoU To Enhance Nigeria’s Aviation Sector

August 29, (THEWILL) – The Federal Government of Nigeria signed a strategic Memorandum of Understanding (MoU) with aircraft manufacturer, Boeing, to enhance the nation’s aviation sector. The MoU was signed on behalf of Nigeria on Wednesday, by the Minister of...

Economic Hardship: Over 31m Nigerians Currently Facing Severe Food Crisis – FG

August 29, (THEWILL) – The Federal Government has said more than 31.8 million Nigerians are currently facing acute food shortages due to ongoing security challenges and the recent removal of fuel subsidy. This is according to a study conducted...

NDIC To Liquidate 87 Microfinance Banks, Others

August 29, (THEWILL) – The Nigerian Deposit Insurance Corporation (NDIC) will, at the expiration of its notice released on August 23, 2024, approach a Federal High Court to grant the order to dissolve 87 microfinance banks and primary...