Business

Reps Seek Creation Of Price Control Board To Stabilise Commodity Prices

October 15, (THEWILL) - The House of Representatives has tasked the Tinubu administration to consider the reintroduction of a price control board in Nigeria, to ensure that goods are sold at the government approved prices to stabilise the general...

FG Plans 50% Subsidy For Wheat Farmers – Minister

October 15, (THEWILL) - The Minister of Agriculture, Abubakar Kyari, says the federal government is granting 50 per cent subsidy to wheat farmers in the upcoming dry season farming to ensure massive production of the grain in the country. The...

Nigeria’s Forex Crises: Export Drive Strategy As Panacea

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October 15, (THEWILL) - Certainly if Nigeria has not made much progress in its economic growth and development strides, it is essentially because of its very high import-dependence. The petrodollar inflow since 1973 or thereabout, has impacted the lifestyles...

Investors’ Scramble For Access Corp, UBA, Others’ Stocks Lifts Market To 1.12% Gain

October 15, (THEWILL) - Nigerian equities ended the week on a positive note, as the All-Share index closed 0.10% higher to settle at 67,200.69 points. Gains in Access Corp (+0.63% on N15.75 share price), UBA (+0.29% of N12 per...

Naira Depreciates To N764.86/$ In I&EW As Forex Reform Clocks 4 Months

October 15, (THEWILL) - Four months after the foreign exchange (FX) reform of June 14, 2023 that abolished the much-criticised multiple exchange segments and set the naira tumbling, the local currency depreciated to N764.86/$ on Friday, October 13 –...

Capital Importation: FBN Limited Dethrones Key Players, Emerges Top Investment Channel In Q2’23

October 15, (THEWILL) - In a dynamic twist of events, First Bank of Nigeria (FBN) Limited received the highest investment inflow into the economy in Q2 2023 with $323.13 million. This represents 18.23 percent of $1.03 billion total capital...

Access Bank and Visa Partner to Facilitate B2B Cross-border Payments.

October 14, (THEWILL) - Access Bank has partnered with Visa, foremost digital payments platform, to enhance the efficiency of cross-border business-to-business payments for the bank’s corporate, commercial and SME customers by adopting the Visa B2B Connect platform to...

Look Inwards, Impose More Taxes, IMF Tells Nigeria

October 14, (THEWILL) - The International Monetary Fund (IMF) has told the Nigeria policymakers to look inwards and also impose more taxes to urgently complement the fuel subsidy removal and foreign exchange reforms with policies that would boost...

Kudos, Knocks Trail CBN’s Readmission of 43 Items To Forex Market

October 12, (THEWILL) - The readmission of 43 items to the official foreign exchange (FX) market by the Central Bank of Nigeria (CBN) has generated mixed reactions among industry stakeholders and experts. The CBN on Thursday, October 12, 2023 ...

CBN to Stop Direct Development Finance interventions, Focus on Core Mandates – Cardoso

October 12, (THEWILL) - The Governor, Central Bank of Nigeria (CBN), Dr Olayemi Cardoso has said that the apex bank needs to return to its core functions of monetary policies and advisory roles to support economic growth. In a...