Business

FMDQ Effects Name Change, Renames ‘NSOFF’ Product To ‘Cleared USD/NGN NDFs’

October 29, (THEWILL) - In a recent market notice, the FMDQ Exchange has announced a significant change in the terminology used within the Nigerian Foreign Exchange (FX) market. The FMDQ informed all stakeholders in the Nigerian Foreign Exchange (FX) market...

Access Corporation: Assets Soar By 43% On Strong Growth Trajectory

October 29, (THEWILL) - Access Corporation added N6.40 trillion to its assets in the nine months of the year, thereby growing its balance sheet by 43 percent as of September 30, 2023, according to its Q3 interim financial statement...

Equities, Forex Markets Record Losses as Supreme Court Declares Tinubu President

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October 27, (THEWILL) - Nigeria’s equities and foreign exchange markets declined after the day’s transactions as mixed reactions trailed the Supreme Court’s judgement affirming Bola Ahmed Tinubu’s victory at the February 25 presidential election polls. Nigeria's Supreme Court on...

Investors’ Interest in Telecoms, Banking Lifts Market by N187bn Gain

October 25, (THEWILL) - Nigerian equities market on Tuesday jumped by N187 billion following gains from investors’ scramble for telecoms and banking stocks. The outcome helped the market to bounce back, paring previous session losses as the market...

Oil Thieves Mount CCTV On Trees, Says NNPCL

October 25, (THEWILL) - The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that crude oil thieves now install closed-circuit television cameras on trees. This new tactic, the national oil company said, was aimed at evading the prying eyes...

Naira in Deeper Life-Threatening Plunge, Crashes To N1,310/$ On Black Market

October 25, (THEWILL) - The naira on Tuesday plunged to a record low of N1,310 per dollar on the parallel market, thereby activating life-threatening concerns over prevailing economic hardship that has made life unbearable for the citizens. Spiraling...

SBM Intelligence Puts Nigeria’s Economy on ‘Warning’ Status

October 23, (THEWILL) - SBM Intelligence, a leading research and risk consultancy firm in Nigeria, has stated that Nigeria’s economy is on ‘warning’ status as it ranked 60% in the “Economy” macro-risk indicator The risk assessment consultancy firm revealed this...

UBA GMD, Oliver Alawuba, Conferred With Highest Honour of CIBN

October 23, (THEWILL) -Group Managing Director/CEO of United Bank for Africa (UBA), Oliver Alawuba has been bestowed the Fellowship of the Chartered Institute of Bankers of Nigeria. Alawuba was conferred with the highest honour for bankers during the Institute’s 2023...

Policy Summersault Threatens Cocoa Revolution Drive in Cross River

October 22, (THEWILL) - A major policy change by the Cross River State government is threatening the cocoa revolution drive of the previous administration in the state. This follows the setting up of a new cocoa allocation committee with terms...

Nigeria’s 36 States Generated N6.6tr Revenue In 2022 – Report

October 21, (THEWILL) - The cumulative revenue of the 36 Nigeria states grew by 28.95 per cent from N5.12 trillion in 2021 to N6.6 trillion in 2022, a report has said. BudgIT, a civic advocacy organisation, disclosed this in its...