Business

January 16, (THEWILL) - Transcorp Hotels Plc has joined the league of trillion naira stocks on the Nigerian Exchange (NGX).. The hospitality subsidiary of Transcorp Group hit a record N1.02 trillion market capitalisation with a share price year-to-date...

January 15, (THEWILL) - Access Holdings Plc has announced the acquisition of Megatech Insurance Brokers Limited, an insurance brokerage company licensed and regulated by the National Insurance Commission. The Group stated this in a notice to the investing public and...

January 15, (THEWILL) - Nigeria’s annual inflation rate reached the highest level in over 27 years hitting 28.92 percent in December 2023 from 28.20 percent in November, the National Bureau of Statistics (NBS) said Monday. The statistics...

January 14, (THEWILL) - NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced a substantial increase in staff salaries, effective November 1, 2023. The increase in salary by up to 50% across all...

January 14, (THEWILL) - Unarguably, the greatest challenge facing Nigeria today is economic in nature, marked by acute shortage of foreign exchange (forex, FX), especially the dollar. This is particularly evident in the ranking of its currency—the Naira—as the...

January 14, (THEWILL) - The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday visited the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe and the...

January 14, (THEWILL) - Dangote Petroleum Refinery has commenced production of diesel and aviation fuel. According to a statement by the group spokesman, Tony Chiejina, on Friday, January 12, 2023, President of Dangote Group, Alhaji Aliko Dangote, elatedly...

January 14, (THEWILL) - In a strange twist of events, the Federal Government has transferred its shares in the 11 electricity distribution companies (DisCos) from the Bureau of Public Enterprise (BPE) to the Ministry of Finance Incorporated (MOFI). This is...

January 14, (THEWILL) - African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 million has been made. A...

January 14, (THEWILL) - The recent dissolution of boards and management teams of three deposit money banks by the Central Bank of Nigeria (CBN) has sparked mixed reactions among stakeholders and industry experts. The CBN had announced the dissolution of...