Business

CBN Faults JP Morgan’s Report On Forex Reserves

August 24, (THEWILL) - The Central Bank of Nigeria (CBN) has faulted the bank’s financial accounts estimation published by JP Morgan, raising concern over the motive. The apex bank spoke through its Director, Monetary Policy Department, Dr Hassan Mahmud, during...

Nigeria Rakes In $2.5bn From Non-Oil Exports – NEPC

August 24, (THEWILL) - The Nigerian Export Promotion Council (NEPC) says the country has generated 2.5 billion dollars from non-oil exports between January and June 2023. Executive Director of the NEPC, Dr Ezra Yakusak, disclosed this on Wednesday, at...

Elumelu, Dangote Reap Huge As Equities Market Soars, Naira Slumps to N773.42/$ on I&E Window

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August 24, (THEWILL) - Billionaire businessmen, Tony Elumelu and Aliko Dangote, reaped huge gains as the equities market rose to a record N35.844 trillion on Wednesday from N35.842 previously. The NGX All-Share Index climbed to 65,492.92 points...

UBA Announces Delays In Publishing of HY Audited Financial Results

August 23, (THEWILL) - The board of United Bank for Africa (UBA) Plc has announced a delay in the release of its Half-Year (HY) financial results. This was disclosed in the company’s statement to the Nigerian Exchange Limited (NGX). According to...

NCDMB Boosts Technology-Enhanced Learning In Akwa Ibom, Commissions Three ICT Centres

August 23, (THEWILL) - In a deliberate effort to deepen Internet penetration and digital education in the country, the Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday commissioned three state-of-the-art Information and Communication Technology (ICT) Centres, with dedicated broadband...

FXTM Academy Offers Free Training, Opportunity For Success

August 23, (THEWILL) - FXTM Academy is offering free financial training that would enable individuals and small business owners to tackle current domestic and global financial and economic challenges. In a statement, FXTM said that despite the uncertainty that...

Over $50bn Oil Industry Projects Unveiled at NOGOF- Wabote

August 22, (THEWILL) - Oil and gas opportunities valued over $50bn and projected to be developed within five years were showcased by international and indigenous companies at the 2023 Nigerian Oil and Gas Opportunity Fair (NOGOF) which ended...

Stanbic IBTC Holdings Renames Newly Launched Fintech Division

August 22, (THEWILL) - Stanbic IBTC Holdings has adopted a new name for its financial technology arm that was launched in May after 16 months in the works, the Tier-2 financial services group announced Monday. Stanbic IBTC Financial Services...

Shocking: JP Morgan Puts Nigeria’s FX Reserves at $3.7bn, Against $37.15bn as of December 2022

August 21, (THEWILL) - Global financial service firm JP Morgan has estimated Nigeria’s net FX Reserve to be around $3.7 billion which far contradicts the $37.15 billion reported by the Central Bank of Nigeria (CBN) as of December 31,...

Equities Market Loses N150bn In Week Of August 14

August 20, (THEWILL) - The Equities market closed the week of August 14 in the negative territory.. The NGX All-Share Index and Market Capitalization depreciated by 0.93% and 0.42% to close the week at 64,721.09 and N35.422 trillion respectively, resulting...