Business

March 17, (THEWILL)- It is no longer news that the continued collapse of the Naira in the foreign exchange (FX) market is already eliciting desperate and panicky measures from the monetary authorities. Unfortunately, the more such new initiatives are unleashed,...

March 17, (THEWILL)- Analysts at S&P Global Commodity Insights have revealed that Nigeria has become the largest importer of refined petrol in Africa as petrol shipments from Europe to Africa increase. Crude oil shipments from the Middle East to Europe...

March 17, (THEWILL)- The Lagos state Government is considering a pro-health levy on Sugar-Sweetened Beverages (SSB) to boost public health and lower the rising non-communicable diseases (NCDs) burden. Commissioner for Health, Akin Abayomi, made the disclosure during a meeting with...

March 17, (THEWILL)- The Federal Competition and Consumer Protection Commission (FCCPC) on Friday described the increase in the price of sachet water in the country as unacceptable and unfair. The FCCPC acting Executive Vice-Chairman/Chief Executive Officer, Adamu Abdullahi, disclosed this...

The Enugu state Governor, Peter Mbah, has said that since assuming office, the administration’s investment drive has begun lifting poor citizens out of poverty. This was as the International Fund for Agricultural Development (IFAD) praised the governor for his vision...

March 17, (THEWILL)- UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would...

March 17, (THEWILL)- The Nigerian naira lost 241.12 percent of its value in the official market in nine months of devaluation between June 14, 2023 and March 14, 2024 – amid the rollercoaster ride it experienced during the period. Following...

March 17, (THEWILL)- About five months after it initiated an investigation into the multi-trillion naira repairs of the nation’s moribund refineries, the Senate on March 12, 2024 commenced another fact-finding process. The upper legislative chamber inaugurated a panel to probe...

March 15, (THEWILL) - Nigeria’s inflation rate rose to 31.70 per cent in February from 29.90 per cent recorded in January 2024. This figure indicates an increase of 1.80 per cent, the National Bureau of Statistics said...

March 14, (THEWILL)- The Central Bank of Nigeria (CBN) has issued a directive to all banks on the need to strictly comply with foreign exchange (forex) policy reforms especially as it relates to prudent management of the recent forex...