Business

September 08, (THEWILL) – The Nigerian Foreign Exchange Market (NAFEM) recorded a total of $3.30 billion turnover in the month of August, according to data obtained from the FMDQ platform. This constitutes a 31.1 percent dip compared to $4.79...

September 08, (THEWILL) – The recent increase in the pump price of Premium Motor Spirit (PMS), generally known as petrol, will worsen the prevailing energy crisis and spark severe challenges in the economy, with micro, small and medium...

September 07, (THEWILL) – The Central Bank of Nigeria (CBN) has unveiled a new structure. Tagged Project RISE – Re-aligning Internal Structure for Excellence, key targets in the bank's re-organisation are the creation of specialised departments to address emerging...

September 07, (THEWILL) – The Central Bank of Nigeria (CBN) has again approved the sale of $20,000 to each eligible Bureau De Change (BDC) operator at an exchange rate of N1,580 per dollar, aiming to increase forex liquidity...

September 06, (THEWILL) – Nigeria’s oil and gas companies paid about N132.06 billion in gross insurance non-life premiums in the first quarter of 2024 (Q1 2024). This is according to the bulletin of insurance market performance in the first quarter...

September 06, (THEWILL) – The Bank of Industry (BoI) said it has raised approximately €1.43 billion during the senior phase of its global loan syndication. In a statement on Thursday, BoI said the transaction, which was the largest amount in...

September 06, (THEWILL) – Industry stakeholder and Chairman of Integrated Oil and Gas Ltd., Capt. Emmanuel Iheanacho (rtd), has countered the call by billionaire businessman and Chairman of Geregu Power Plc, Mr. Femi Otedola, for petroleum marketers in the...

September 05, (THEWILL) – The Dangote Petroleum Refinery says the Nigerian National Petroleum Company (NNPC) Limited has not commenced the commercial lifting of refined Premium Motor Spirit (PMS), commonly known as petrol, from the facility. A statement by Anthony...

September 05, (THEWILL) – Stakeholders have unanimously called for concerted efforts towards adding value to non-oil export products by processing them into semi-finished and finished goods in order to unlock significant eco­nomic benefits for the nation. This clarion call...

September 05, (THEWILL) – The naira recorded its worst performance in six months at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday, September 4, 2024, where it exchanged for N1,625.88 to the dollar. This marks the lowest exchange...