Business

CBN Bars Crypto Bank Account Operators From Cash Withdrawal

January 03, (THEWILL) - The Central Bank of Nigeria (CBN) has announced that cash withdrawals will not be possible from accounts operated for virtual and digital asset transactions. Withdrawals from these accounts would only be available by transfer or manager’s...

Equity Market Opens 2023 Trading With N665.98bn Gain – Crosses 75,000 Index Benchmark In 64 Years

January 02, (THEWILL) - In the first trading day of the year, the Nigerian equities opened on a bright note as market capitalisation rose to N41.58 trillion. This translates to N665.98 billion gain against the closing figure of N40.98 trillion...

NOVA Merchant Bank Set To Begin Commercial Banking, Appoints Adebowale Oyedeji As MD/CEO

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January 02, (THEWILL) - NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced that it is set to begin its conversion to full Commercial Banking Business following its recent requisition of the national commercial banking license...

34 Companies to Enjoy 3-years Tax Exemption — NIPC

January 02, (THEWILL) - The Nigerian Investment Promotion Commission (NIPC) has granted 34 companies there years tax exemption in 2023 to promote investment and drive economic growth and development. Head of Incentives Administration, NIPC, Lovina Kayode, disclosed this during...

Nigerian Economy: Grim 2023, Foggy 2024 Ahead

December 31, (THEWILL) - By every measure, the year 2023 has been one of the most challenging in living memory to operators in all sectors of the Nigerian economy: all economic projections and benchmarks missed their targets by wide...

FG Okays 100% VAT Waiver On CNG, LPG

December 31, (THEWILL) - The Federal government has approved a 100% per cent Value Added Tax (VAT) waiver on Feed Gas for all processed, Compressed Natural Gas (CNG) and imported liquified petroleum gas, with immediate effect. The VAT-free waiver also...

Food Prices Rose In November – NBS

December 31, (THEWILL) - Food prices recorded average increase across the country in November 2023, the National Bureau of Statistics (NBS) has said. Average price of 1kg of boneless beef increased by 29.61 per cent from N2,337.46 recorded in November...

Foreign Direct Investment Shrinks To $59.77m In Q3’23

December 31, (THEWILL) - While Nigerian leaders comb the nooks and crannies of the world persuading foreign investors to troop in and invest in Nigeria, the National Bureau of Statistics (NBS) says Foreign Direct Investment (FDI) has shrunk to...

Transcorp Hotels Emerges Best Performing Stock as Market Cap Hits N40.9trn in 2023

December 31, (THEWILL) - In a demonstration of sustained quality corporate leadership among the 155 listed companies, Transporp Hotels Plc emerged the best equity on the Nigerian Exchange (NGX), in terms of return-to-date performance for 2023. According to data by...

Adekunle Gold Inspires Youths at ‘DecemberissaVybe’, FirstBank-Sponsored Lagos Concert

December 31, (THEWILL) - Afrobeat’s sensation, Adekunle Gold, popularly known as AG Baby, mesmerised hundreds of music lovers and inspired youths at a pre-Christmas concert sponsored by FirstBank, Nigeria’s premier financial institution. The event, aptly named “Stacked December Party,”...