Business

Nigeria’s Inflation Soars To 25.80% Amid Rise In Food Prices

September 17, (THEWILL) - Nigeria’s annual inflation rate rose to 25.80 per cent in August from 24.08 per cent in the previous month, the National Bureau of Statistics (NBS) said Friday. The statistics office said the August headline inflation rate...

Nigeria’s Public Debt Stock Rises to N87.38tr

September 17, (THEWILL) - Nigeria’s public debt stock increased from N49.85 trillion (108.30 billion dollars) in the first quarter of 2023 to N87.38 trillion (113.42 billion dollars) in the second quarter of 2023. The report said Nigeria’s public debt stock,...

NGX ASI Ends Week Negative, Down 1.10% w/w

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September 17, (THEWILL) - In the last trading session of the week, the domestic bourse recovered as the All-Share Index gained 0.09% to settle at 67,395.74 points. Gains in MTN Nigeria , Zenith Bank and Stanbic Bank pushed the...

Cement Sales Plunge 30% Over Naira Redesign – MAN

September 17, (THEWILL) - The Manufacturers Association of Nigeria (MAN) has disclosed that during the period of severe naira scarcity earlier this year, cement sales dropped by a substantial 30 percent. The association also noted that the absence of cash...

UBA Heads For N20trn Assets Mark On Robust HY2023 Key Metrics

September 17, (THEWILL) - The 2023 interim half-year financial statement of Africa’s Global Bank, United Bank for Africa (UBA) Plc, shows strong key metrics that would launch the Tier-1 lender on the fast track to N20 trillion assets mark...

BREAKING: Tinubu Appoints Olayemi Cardoso New CBN Governor, Usoro, Bello, Others As Deputy Governors

September 15, (THEWILL) – President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first...

Nigeria’s Inflation Rate Hits 25.80% In August – NBS

September 15, (THEWILL) – Nigeria’s annual inflation rate rose from 24.08% in July 2023 to 25.80% in August 2023, the National Bureau of Statistics (NBS) said in its Consumer Price Index (CPI) August 2023 report on Friday. According to the...

NGX Group Mourns Pa Akintola Williams

September 14, (THEWILL) - Nigerian Exchange Group Plc and its subsidiaries have expressed sadness as they mourn the loss of one of its founding fathers, Pa Akintola Williams, CFR, CBE, FCA, who died on Monday at the remarkable...

OPEC Counters IEA, Warns Of Global Energy Crisis If Investments In New Oil & Gas Projects Stop

September 14, (THEWILL) – Oil Cartel group, Organization of the Petroleum Exporting Countries (OPEC), has faulted the claim by the International Energy Agency (IEA) that demand for fossil fuels like coal, oil and gas will peak before the end...

Fidelity Bank Fully Acquires Union Bank UK

September 13, (THEWILL) – Fidelity Bank Plc has announced the completion of the acquisition of a 100 per cent stake in Union Bank Plc UK. This was disclosed in a statement the bank sent to Nigeria Exchange Limited (NGX)...