Business

Union Bank Acquisition: TGI Debunks Link to Emefiele, Says Report Negative to Nigeria’s Image

December 24, (THEWILL) - Tropical General Investment (TGI) Group has debunked media reports purportedly traced to documents initiated by the Special Investigator probing activities of the Central Bank of Nigeria (CBN) under Mr Godwin Emefiele, the immediate past governor. The...

Nigeria, Supplementary Budgets And Money Illusion

December 24, (THEWILL) - When, on Monday, December 11, 2023, the Minister of Finance and Coordinating Minister of the Nigerian Economy, Mr Wale Edun, appeared before the Senate Committee on Finance and Budget, his sole message was the announcement...

Naira Stable In NAFEM In Week Ended Nov. 22

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December 24, (THEWILL) - The Naira closed at N885.88 per dollar on Friday December 22, at the Nigerian Autonomous Foreign Exchange Market (NAFEM) as against N861.91 to the dollar it traded on the previous day, losing N23.97 in twenty-four...

Nestlé Nigeria Wins Multiples Honors At SERAS CSR Awards

December 24, (THEWILL) - Nestlé Nigeria, a leading player in the food and beverage industry, has been recognized for exceptional performance at the SERAS (Sustainability, Enterprise and Responsibility Awards) CSR Awards, held recently at the Oriental Hotel, Victoria Island,...

Nigeria Unemployment Rate Rose by 4.2% in Q2’23 Under NBS New Methodology

December 24, (THEWILL) - The National Bureau of Statistics (NBS) has said that Nigeria unemployment rate rose to 4.2 percent in the second quarter of 2023, under its new labour methodology survey. The bureau said this in its Nigeria Labour...

Dangote Refinery Receives Additional 1m Barrels Of Crude

December 24, (THEWILL) - Dangote Refinery has made a further move towards the commencement of the production of refined petroleum products with the receipt of an additional one million barrels of crude bonny light supplied by the Nigerian National...

AMCON: Dilemma Of Toxic Assets Manager– Why Multi-Million Naira Debts May Not Be Recovered

December 24, (THEWILL) - The recent altercation between the Senate Committee on Banking, Insurance and other Financial Institutions and top officials of the Asset Management Corporation of Nigeria (AMCON), which led to the angered lawmakers calling for the immediate...

VFD Group Wins Equity Listing Of The Year

December 24, (THEWILL) - VFD Group emerges Listed Company of the Year at the NGX Made of Africa Awards, a significant recognition of excellence in shaping the stock market landscape. The event, held on December 20th, 2023, celebrated companies...

CBN Lifts Ban On Cryptocurrency Transactions, Issues Guidelines

December 24, (THEWILL) - The Central Bank of Nigeria (CBN) has lifted ban on cryptocurrency transactions in the country, directing commercial banks and other financial institutions to jettison its previous instruction on crypto transactions. The guidelines are contained in a...

UBA, ACCESS, ZENITH Record Huge Gains As NGX Hits N40trn Mkt Cap

December 24, (THEWILL) - Nigeria’s three leading banks swelled in their stock valuations as the equities market hit and crossed the N40 trillion market capitalisation for the first time in the 63 years of the local bourse's existence. With its...