Business

October 29, (THEWILL) – Moniepoint Inc says it has raised US$110 million in equity financing, to power the dreams of millions of businesses and their customers across Africa and the diaspora. Founded in 2015 by Tosin Eniolorunda and Felix...

October 29, (THEWILL) – Nigeria’s second national operator, Globacom Limited, has lost about 43 million subscribers, representing 69.20% of its customer base, industry statistics from the Nigerian Communications Commission (NCC), released for Q3 2024 revealed. According to the latest...

October 28, (THEWILL) – Besides boosting Nigeria’s oil and gas production and, ultimately, raising the country’s revenue stream, the recent approval of the $1.28 billion Seplat-ExxonMobil deal by the Nigerian government will impact significantly on the Local Content policy. Recently,...

October 28, (THEWILL) – IFC, a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have signed an agreement to increase local currency financing to enable private businesses in Nigeria to grow and thrive. The partnership...

October 27, (THEWILL) – The latest data from the National Bureau of Statistics (NBS) on capital importation show that Foreign Direct Investment (FDI) inflow into Nigeria dropped by a whopping 75 per cent between the first and second...

October 27, (THEWILL) – With Nigeria struggling to meet its Organisation of Petroleum Exporting Countries (OPEC) quota of 1.7 million barrels per day (currently about 1.4 million) and tackle its lingering revenue challenge, the Kolmani oil and gas wells...

October 27, (THEWILL) – Determined to remain atop industry performance rating, Africa’s Global Bank -- United Bank for Africa (UBA) Plc, sank a whopping N135.4 billion in its digital infrastructure during the nine months ended September 30, 2024....

October 26, (THEWILL) - First Bank of Nigeria has dismissed misleading reports that it is presently carrying out any system upgrade. The bank in a statement signed by its Group Head, Marketing & Corporate Communications, Folake Ani-Mumuney, said the misleading...

October 25, (THEWILL) - The International Monetary Fund (IMF) has said the removal of subsidy on petrol was a domestic decision made independently by the Nigerian government. THEWILL reports that President Bola Tinubu, on May 29, 2023, announced the...

October 24, (THEWILL) - Nigeria’s public debt has increased to N134.3 trillion ($91.3 billion) in the second quarter of 2024, representing a 10.35% increase from the N121.7 trillion ($91.5 billion) recorded in the first quarter, Nairametrics reported,...