Business

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...

NCC Restores Regulatory Services To Globacom

October 12, (THEWILL) - The Nigerian Communication Commission (NCC) has restored regulatory services to one of its licensees, Globacom Limited after it successfully cleared its outstanding debt obligations to the Commission for unpaid Spectrum Fees, Numbering Fees and Annual...

International Rating Agency, Citigroup, Optimistic About Tinubu’s Market-Focused Reforms

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Sees Economy Rebound Within 12 Months October 12, (THEWILL) - An international credit rating agency, Citigroup Global Markets Limited, has expressed optimism about President Bola Tinubu’s market-focused reforms, stressing that they are capable of unwinding the policy mistakes of...

Nigerian Content Key To Meeting Renewed Hope Agenda – Petroleum Minister

October 11, (THEWILL) - The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has identified the effective implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 as one of the key levers for...

Profit-taking Pressure Launches Stock Market Into N64bn Loss as Naira Gains 1% At I&E Window

October 11, (THEWILL) - The Nigerian equities market on Tuesday reversed previous day’s gains following the late profit-taking activities in Presco (-9.5% from N201.20 share price) and Ecobank (-5.3% against N16 per share). Consequently, the All-Share Index lost...

FG Unveils Draft Regulations for Upstream Oil Operations, Engages Stakeholders

October 10, (THEWILL) - The Federal Government has unveiled seven additional draft regulations to improve operational and regulatory efficiency in the upstream arm of Nigeria’s oil and gas sector. The unveiling was made through the Nigerian Upstream Petroleum Regulatory Commission...

Bleak Outlook As Debt Servicing Gulps 106% Of FG’s Revenue

October 08, (THEWILL) - Notwithstanding the “bold” reforms introduced by the Nigerian government to address the lingering structural challenges impacting on the nation’s fiscal space, emerging facts reveal that the economy is headed for a bleak outlook as the...

UBA Grooms Future Professionals Across Africa In Graduate Management Programme

October 08, (THEWILL) - Africa’s Global Bank, United Bank for Africa (UBA) Plc, yesterday held the maiden edition of its expanded Graduate Management Accelerated Programme (GMAP) where over 700 graduates were inducted into the UBA tribe after a rigorous...

VFD Group Plc Lists On Nigerian Exchange, Commemorates With Closing Gong Ceremony (NGX )

October 08, (THEWILL) - VFD Group Plc, a sector-agnostic proprietary investment company, is pleased to announce its listing on the Main Board of Nigerian Exchange Limited (NGX), the sustainable Exchange championing Africa's growth. On Friday, October 6, 2023, the...

‘Natural Resource-backed Loans Disaster For Africa’

October 08, (THEWILL) - The International Monetary Fund (IMF) has strongly supported a call by the African Development Bank Group urging countries in Africa to stop borrowing loans backed by their natural resources. The IMF Managing Director Kristalina Georgieva met...