Business

January 25, (THEWILL) - The Federal Inland Revenue Service (FIRS) collected a record N12.374 trillion as tax revenue for the federation in 2023, surpassing the year’s target of N10.7 trillion. The Chairman of FIRS, Zacch Adedeji, disclosed this...

January 24, (THEWILL) - The Governor, Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has revealed that a new 5-Year Strategy has been launched for the CBN under his leadership. Dr Cardoso, who disclosed this in a keynote address...

January 24, (THEWILL) - In a scenario that suggests stiff resistance against the measures aimed at halting the steep depreciation of the naira, the local currency maintained its free fall at the parallel market on Tuesday, January 23,...

January 23, (THEWILL) - Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, will on Thursday, January 25, 2024 declare open a two-day strategic management meeting of the Federal Inland Revenue Service, FIRS. The retreat, scheduled to...

January 22, (THEWILL) - Dangote Cement reached N10tn market capitalisation at the close of business on Monday. At the end of trading on Monday, the company's shares gained 9.99% with a share price of N592.60, thus reaching a market cap...

January 21, (THEWILL) - The Federal Ministry of Petroleum Resources said the Nigerian government is not averse to Shell asset sales. Nneamaka Okafor, the special adviser on media and communication to the Minister of State for Petroleum Resources (Oil), Heineken...

January 21, (THEWILL) - Billionaire businessman, Femi Otedola, has racked up shares worth N6 billion of Dangote Cement Plc in his name, according to market reports. Africa’s large cement maker Dangote Cement recently outpaced telecommunications powerhouse Airtel Africa to become...

January 21, (THEWILL) - Credit ratings agency, Fitch, has said that the Central Bank of Nigeria (CBN) continues to face a shortage of foreign exchange to clear the forex backlog. The country’s high debt-service-to-revenue ratio is also contributing to a...

January 21, (THEWILL) - The Nigerian Civil Aviation Authority (NCAA) has declared a ‘no pay, no service’ sanction on defaulting airlines as part of measures to recover over N47 billion that the airlines owe it. Acting Director General of the...

January 21, (THEWILL) - The Executive Vice Chairman/CEO of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has unveiled key drivers for the telecoms industry. This was part of activities to mark his first 100 days in office following his...