Business

Tackling Digital Threats Requires Stakeholders’ Collaboration – UBA

September 20, (THEWILL) – Africa's Global Bank, United Bank for Africa (UBA), has said that stakeholders need to come together to checkmate growing threats to the country's digital payment system. The Head of Digital Banking at UBA,...

NCC Announces Change to Fixed Lines Numbering Format

September 20, (THEWILL) – The Nigerian Communications Commission (NCC), has announced new numbering format for fixed lines This is in keeping with its responsibilities under the enabling law, the Nigerian Communications Act (NCA) 2003, to manage Nigeria's numbering resources. ...

Dangote Refinery To Kick Off Petrol Refining November 30

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September 19, (THEWILL) - The Dangote Refinery will kick off the refining of petrol by November 30, 2023, Devakumar Edwin, Dangote Group Executive Director, said on Monday. THEWILL reports that the refinery will also commence diesel and jet fuel refining...

Management Staff With Less Than 15 Months to Statutory Retirement to Exit NNPCL Today

September 19, (THEWILL) - The Nigerian National Petroleum Company Limited (NNPCL) has put out a statement saying that all management staff with less than fifteen months to statutory retirement will be exiting the company today, September 19, 2023. ...

Equity Investors Gain N263bn As Naira Shrinks To N773.98/$ On I & E Window

September 19, (THEWILL) - Investors in Nigerian stocks witnessed a bullish trend that lifted the market to a N263 billion gain on Monday. The local bourse closed the day’s trading with a market capitalization of N37.14 trillion against N36.88 trillion...

NCC Harps on Collaboration to Strengthen Payments System

September 19, (THEWILL) - The Nigeria Communication Commission (NCC) has stressed the importance of a multidimensional collaboration in enhancing the country's payment system. The Executive Vice Chairman of NCC, Prof Umar Danbatta, said this at the 2023 annual conference...

Oando Plc Announces N32.9bn Profit-After-Tax for FY 2021

September 19, (THEWILL) - Oando Plc has announced a profit after tax (PAT) of N32.9 billon in its full-year-ended 2021 financials. This year, 2023, has seen the Company record positive highlights, including the recent announcement of its intent to...

Oil & Gas Report: NNPCL Under-Remitted $1,951,115bn In 2021 – NEITI

September 18, (THEWILL) – The Nigerian National Petroleum Company Limited (NNPCL) under-remitted a total of $1,951,115bn in 2021, the Nigeria Extractive Industries Transparency Initiative (NEITI), said on Monday, in its 2021 Oil & Gas Industry Report. Executive Secretary and National...

Palm Oil Imports Gulp N19.6bn, As Cashew Exports Overtake Cocoa in Q2’23

September 17, (THEWILL) - Despite strict forex restrictions against palm oil, the commodity has remained a major foreign exchange consumer in the Nigerian merchandise trade, data by the National Bureau of Statistics (NBS) have shown. THEWILL had tracked the trend...

Olayemi Cardoso: Navigating Tailwind Direction In Turbulent Moment

September 17, (THEWILL) - President Bola Tinubu on Friday, September 15, 2023, nominated Dr Olayemi Michael Cardoso, as the new Governor of the Central Bank of Nigeria (CBN) subject to approval by the Senate. When (not, if) approved by the...