Business

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...

June 30, (THEWILL) – Despite the bloated recurrent spending in the 2024 budget and a significant infrastructure gap, Nigeria's debt repayment now exceeds both recurrent and capital expenditure. This is alongside the country’s Foreign Direct Investment (FDI) being at...

June 30, (THEWILL) – The worsening spate of insecurity across the country appears to be receiving a residual attention in real terms while agricultural, the major affected sector, is declining speedily. The Federal Government insists it is paying enough attention...

June 30, (THEWILL) – The Nigerian equities market recorded significant gains in the first half of the year with market capitalisation closing at N56.60 trillion on June 28 2024, and the NGX ASI: maintaining the surge it recorded within...

June 30, (THEWILL) – The Nigerian equities market recorded significant gains in the first half of the year with market capitalisation closing at N56.60 trillion on June 28 2024, and the NGX ASI: maintaining the surge it recorded within the...

June 26, (THEWILL) – The Central Bank of Nigeria (CBN) has announced the discontinuation of the foreign exchange (FX) price verification system (PVS) portal used by importers, effective July 1, 2024. CBN Acting Director of Trade and Exchange Department, W....

June 25, (THEWILL) - The Central Bank of Nigeria (CBN) has said International Money Transfer Operators (IMTOs) can henceforth access the CBN window directly or through their Authorized Dealer Banks (ADBs) to execute transactions for the sale of...

June 24, (THEWILL) - Foreign exchange inflow into the economy fell by 39 per cent month-on-month (M-o-M) to $2.37 billion in January from $3.91 billion in December 2024, the Central Bank of Nigeria (CBN) has said.. The CBN disclosed this...