Business

The Naira lost 96.5 percent in value, year-to-date, as it closed N907.11/$1 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, December 29, 2023. This is N445.6 loss (representing 96.5 percent) against N461.5/$1 the local currency opened on January...

December 29, (THEWILL) - Total investment inflow, otherwise called capital importation, into the economy crashed to a record low of $654.65 million in the third quarter of the year (Q3 2023). The National Bureau of Statistics (NBS) disclosed in its...

December 29, (THEWILL) - The Nigerian equities market hit the peak of N40.91 trillion in market capitalisation at the close of trading on December 29, 2023 - the highest in its 63 years of existence. All Share Index also...

December 29, (THEWILL) - The Board of Directors of the Nigerian Exchange Group Plc has announced the appointment of Temi Popoola as GMD/CEO designate, subject to the Securities and Exchange Commission (SEC)’s formal approval. Additionally, Jude Chiemeka has...

December 29, (THEWILL) - Nigeria’s much awaited $2.25 billion foreign exchange support facility from the Afreximbank is expected to arrive today, Friday, December 29, 2023. The facility agreement which the Nigerian National Petroleum Company Limited (NNPCL) signed in September 2023...

December 28, (THEWILL) - In an effort to fortify the Micro, Small and Medium Enterprises (MSMEs) sector, the Office of the Vice-President has teamed up with the Bank of Industry (BOI) to initiate the distribution of loans to businesses...

December 28, (THEWILL) - Two days to the last trading of the year, Naira gained marginally at the Nigeria Autonomous Foreign Exchange Market (NAFEM) when activities resumed on Wednesday, December 27, after the Christmas holiday. This represents N13.29 gain or...

December 28, (THEWILL) - Zenith Bank Plc has emerged as the “Best Bank for Digital Solutions in Nigeria” in the Euromoney Awards for Excellence 2023, underscoring the bank’s pioneering and outstanding achievements in delivering cutting-edge digital financial solutions. Euromoney’s Awards...

December 27, (THEWILL) - First Bank of Nigeria Limited has announced its sponsorship of Kakadu the Musical, a theatre production from the stables of Playhouse Initiative. The play, which is set to return to stage from 28 to 30...

December 27, (THEWILL) - The Central Bank of Nigeria (CBN) has assured depositors that their assets in the nation’s financial institutions are safe. Apparently reacting to recent media reports traced to “leaked” information on the ongoing probe...