Business

Economy: Real Estate Partners Entertainment To Promote Diversification

October 22, (THEWILL) - The Nigerian real estate sector is strategically partnering with the entertainment industry to advance economic development. Often referred to as the 'Giant of Africa', Nigeria is known for its vibrant entertainment industry and fast-growing real estate...

MABISCO Shuts Down Operations, Puts Plant Up For Sale

October 22, (THEWILL) - Owners of an indigenous biscuits company in Nigeria, Mayor Biscuits Company Limited (MABISCO), has stated that they have shut down the company and would be selling the multi-million-dollar biscuits plant. It will reinvest the proceeds...

Nigeria’s Tethys Emerges Sole Brand Licensee For Texaco Lubricants

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October 22, (THEWILL) - A Nigerian company, Tethys Ltd., has emerged as the sole brand licensee for Texaco lubricants across the country. Speaking at the Chevron-Tethys Texaco Lubricants relaunch on Thursday in Lagos, Mr Jaap Jan Mohlmann, Manager, Distributor and...

Heirs Energies Committed to Environmental Development – Elumelu

October 21, (THEWILL) - The Chairman of Heirs Energies, Tony Elumelu, has said that the newly rebranded firm is totally committed to environmental development from a global standpoint. Elumelu made this disclosure while speaking on the unveiling of the company’s...

Policy Reversal On 43 Import Items Compounds Manufacturers’ Woes

October 22, (THEWILL) - If there are winners and losers in the recent policy reversal which restored the 43 import items formerly restricted from the official foreign exchange (forex) window, it is the manufacturing sector. In a twist of events,...

Parallex Bank Assures Customers Of Technology-Driven, Premium Services

October 20, (THEWILL) - Parallex Bank has assured customers of continued technology-driven, premium value-adding services that will exceed their expectations. Managing Director of the bank, Femi Bakre, made this known at the opening of the bank's Lekki, Lagos branch on...

Tinubu Appoints Olasupo Olusi New MD/CEO For Bank Of Industry

October 19, (THEWILL) - President Bola Tinubu has approved the appointment of Dr Olasupo Olusi, to serve as the Managing Director and Chief Executive Officer of the Bank of Industry (BOI) for a term of four (4) years in...

Bode Agusto, Founder of Nigeria’s First Rating Firm, Dies at 68.

October 19, (THEWILL) – Bode Agusto, Nigerian economist and founder of Agusto & Co, Nigeria’s first credit rating agency, has passed away at 68. Agusto is also a former Director-General of the Budget Office. Before his passing, Agusto was an independent...

FMDQ Changes ‘I&E Window’ to ‘NAFEM’

October 19, (THEWILL) – In a move to abolish segmentation within the foreign exchange (FX) market and bring about greater consistency in terminology, the FMDQ Exchange has announced the change of Investors’ and Exporters’ (I&E) Window” to Nigerian...

Heirs Holdings Oil & Gas Rebrands, Becomes Heirs Energies Ltd

October 19, (THEWILL) - Heirs Holdings Oil & Gas has announced a major rebranding, and changed its name to Heirs Energies Limited with a new logo colour scheme, reinforcing the strategy of meeting Africa’s unique energy needs in a...