Business

July 07, (THEWILL) – Nigeria’s five south-east states accumulated a total of $1.89 billion external debt in four years, between 2020 and 2023; but recorded a paltry $261.6 million foreign investment during the period, The south-east region comprises Abia, Anambra,...

July 05, (THEWILL) – Moniepoint MfB, in conjunction with the Ministry of Industry, Trade and Investment and the Small and Medium Enterprise Development Agency of Nigeria, SMEDAN, is set for the launch of Nigeria's Informal Economy Report 2024, to...

July 05, (THEWILL) – In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. THEWILL reports that Tier 1 describes an institution’s core capital or...

July 05, (THEWILL) – The Nigeria Securities and Exchange Commission (SEC) has rolled out mandatory requirements (including establishing an office in Nigeria), for crypto firms seeking to operate in the country. This was contained in a recently released circular, dated...

July 04, (THEWILL) – KuCoin, a global cryptocurrency exchange, has announced that effective July 8, the platform will effect collection of a value-added tax (VAT) at a rate of 7.5% on transaction fees for users whose Know Your Customer...

July 03, (THEWILL) – The President of Dangote Group, Aliko Dangote, has raised concerns over high interest rates, saying "If the interest rate is 30 percent, there would not be any job creation because we are actually stifling...

July 03, (THEWILL) – Access Holdings Plc (“Access Holdings” or “the Group”), on Tuesday, June 2, 2024, held a formal signing ceremony as part of the arrangements to raise a total of N351,009,103,017.25 (Three hundred and fifty-one billion,...

July 02, (THEWILL) – President Bola Tinubu has approved a new, business-friendly withholding tax policy which grants exemptions to small businesses and farmers. Taiwo Oyedele, the chairman of the presidential fiscal policy and tax reforms committee, announced the approval,...

July 1, (THEWILL)- In an ironic twist of events, the number of estimated customers of Nigeria’s electricity distribution companies (DisCos) maintained an upward trend in the first three months of the year (Q1 2024), while the firms recorded higher...

June 30, (THEWILL) – Deliberately or otherwise, the Nigerian Government has been depending on inflow from Foreign Portfolio Investment (FPI), ‘Ways and Means’ from the apex bank and an assortment of loans (foreign and local) for financing its operations. These...