Business

UTM Solicits NCDMB’s Equity Investment, Approvals For Floating LNG Project

March 14, (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...

Nigeria To Raise $1bn In External Borrowing Through Eurobonds Issuance

March 14, (THEWILL) - Nigeria Plans to raise a total of $1 billion in external borrowing through the issuance of Eurobonds. Ahead of the Eurobond issuance, the Federal Government has contracted Citibank NA, JPMorgan Chase & Co, and Goldman...

Heirs Technologies appoints Obong Idiong as Chief Executive Officer

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March 14, (THEWILL) - Heirs Technologies, a leading digital transformation company, has announced the appointment of Obong Idiong as its Chief Executive Officer. Idiong brings considerable experience in the technology sector and a visionary approach to this role....

Access Holdings Plc Announce Return of Aig-Imoukhuede as Chairman after 10 Years

March 13, (THEWILL) - Access Holdings Plc has announced the return of Mr. Aigboje Aig-Imoukhuede, CFR as its Non-Executive Chairman of the group. Mr. Aig-Imoukhuede replaces Mr. Abubakar Jimoh, the erstwhile Chairman of the HoldCo who remains on...

IWD: Grant Thornton Releases 20-year Women in Business Report

March 13, (THEWILL) - Leading global management consulting firm, Grant Thornton, has released a 20-year Women in Business report which identifies three ways businesses can increase the number of women in senior roles. The report is coming at...

CBN Warns Banks, Authorised Dealers Against Use of Outdated Circulars, Guidelines

March 13, (THEWILL) - The Central Bank of Nigeria (CBN} has frowned against the use of outdated circulars and guidelines by Deposit Money Banks, DMBs, Licensed Non-interest banks and other authorized dealers at its discount. The CBN has, therefore,...

NCC, Swedish Govt Pledge to Depeen Partnerships

March 13, (THEWILL) - The Nigerian Communications Commission (NCC) has expressed its resolve to work with the Swedish government. The NCC Executive Vice Chairman/CEO, Dr Aminu Maida, disclosed this when he received the Swedish Ambassador to Nigeria, Her Excellency,...

NCDMB Lauds Tinubu’s Oil Sector Executive Orders

March 12, (THEWILL) - The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Felix Omatsola Ogbe on Monday applauded President Bola Ahmed Tinubu for announcing three Presidential executive orders. The orders were directed at incentivizing...

CBN Lacks Liquidity to Support Naira, More Borrowing Inevitable – EIU

March 12, (THEWILL)- The Central Bank of Nigeria (CBN) faces a significant liquidity crisis in supporting the naira, and must embark on more borrowing as a way out. This is on the heels of nearly $20 billion of its $33...

Ecobank Signs $250m Bridge-to-Bond Loan with Afreximbank and AFC

March 12, (THEWILL)- Ecobank Transnational Incorporated (ETI) has signed a $250 million senior unsecured bridge-to-bond loan facility, with African Export-Import Bank (Afreximbank) and Africa Finance Corporation (AFC) serving as the Global Coordinators and Initial Mandated Lead Arrangers. The purpose of...