Business

Shocker: Naira Trades N1,100/$ on Parallel Market, Official Window Turnover Shrinks to $69.88m

October 18, (THEWILL) - Nigeria’s naira closed trading at a record low of N1,100 per dollar on the parallel market on Wednesday according to data from Aboki.fx, an online forex tracking platform. Lagos street currency traders who spoke to THEWILL...

Investors’ Hunt for Zenith Bank, GTCO, UBA Stocks Lifts Equities Market by N16bn

October 18, (THEWILL) - The rally recorded in major bank stocks led to a N16 billion gain on the equities market Wednesday as investors intensified their hunt for key bellwether stocks. This extended the bullish trend of yesterday to...

Equities Market Gains N158bn on Investors’ Push for Banks’ Stocks

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October 18, (THEWILL) - Investors’ preference for banks’ stocks on Tuesday drove the equities market into positive territory, recording a gain of N158 billion at the end of the day’s trading. Recovering from the previous session's loss, the domestic...

Local Content Africa’s Route to Economic Development — Wabote

October 18, (THEWILL) - African nations seeking to achieve economic prosperity must develop local capabilities to process, utilize, and export their resources as a means of powering their growth and development, the Executive Secretary of the Nigerian Content Development...

Why We Embarked On Corruption Index Survey – NBS

October 18, (THEWILL) - The National Bureau of Statistics (NBS) says its corruption survey is aimed at assessing the Federal Government’s fight against corruption. The Statistician-General of the Federation, Semiu Adeniran, said this at the Train the Trainers programme for...

Moghalu Flays FG on $1.5bn World Bank Loan, 360 SUVs for Lawmakers

October 17, (THEWILL) - A former Deputy Governor of the Central Bank of Nigeria (CBN), Prof Kingsley Moghalu, has reacted to the $1.5 billion World Bank loan which the Federal Government has planned to collect to fund its budget...

Naira In Record Plunge, Hits N848.12/$ At I&E Window

October 17, (THEWILL) - In an unprecedented turn of events, the Naira tumbled to its deepest place on Tuesday to settle at N848.12/$ at the investors' and exporters' (I&E) window. This is an 8.9% depreciation compared with the N778.80/$...

NNPCL Has Shown Good Examples On Public-Private Partnership – Aduwo

October 29, (THEWILL) - The Permanent Representative of the Centre for Convention on Democratic Integrity (CCDI) to ECOSOC /United Nations and Chairman, CSO-African Countries Group of World Bank, Civil Society Policy Forum (CSPF), Mr. Olufemi Aduwo, who just returned...

Alaghodaro 2023: Preparation Intensifies As Investors, Policy Experts, Others Converge To Chart Path For Edo’s Future

October 16, (THEWILL) – Nigeria’s captains of industry, renowned policy experts, manufacturers, business leaders, investment experts, and industrialists, among other stakeholders, are set to converge on Benin City, the Edo State capital, for the 2023 Alaghodaro Investment Summit. The summit...

MAN Worried Over Challenges To GDP Contribution

October 15, (THEWILL) - The Manufacturers Association of Nigeria (MAN) has noted that the best way to attend to all monetary needs of the manufacturing sector is by creating manufacturers bank whose responsibility will focus on the manufacturing sector....