Business

August 16, (THEWILL) - The Nigerian National Petroleum Company Limited (NNPCL) said it has jointly signed a commitment letter and Termsheet with Afreximbank for an emergency $3 billion crude oil repayment loan that will stablise the volatile foreign...

August 15, (THEWILL) - The National Union of Air Transport Employees (NUATE) has directed Aviation Security (AVSEC) and the logistics sub-sector to commence an immediate strike from Wednesday, August 16, 2023, over poor remuneration. The union, in a circular...

August 15, (THEWILL) - Nigeria's inflation rate hit 24.08 percent in July 2023, according to the National Bureau of Statistics (NBS) monthly Consumer Price Index (CPI) report on Tuesday. This is the highest rate reported in 15 years since 2008...

August 15, (THEWILL) - Kenya has reinstated a small subsidy to stabilise retail fuel prices for the next 30 days. Aljazeera reports, quoting the energy regulator, Energy and Petroleum Regulatory Authority (EPRA), as saying the move was a reversal...

August 15, (THEWILL) - The oil market is in a bullish move and heading well into the $90 per barrel range, Bob McNally, President at Rapidan Energy, told CNBC’s Squawk Box program on Monday, according to Oilprice.com. Oil hitting...

August 15, (THEWILL) - Nigerian Exchange Limited (NGX), along with the Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria (ASHON), have demonstrated their willingness to collaborate with the Federal Government through the Ministry...

August 15, (THEWILL) - The Investors’ and Exporters’ (I&E) window of the forex market recorded a total daily turnover of $1.6 billion between July 15 and August 14, 2023 marking the second month of floating the naira. The local...

August 14, (THEWILL) - The Central Bank of Nigeria (CBN) says it has taken appropriate measures to stabilise the unfavourable fluctuations in the foreign exchange market. Acting Governor of the apex bank, Folashodun Shonubi, disclosed this to State House...

August 14, (THEWILL) - Inflationary pressures are gradually easing across the globe but remain rampant in Africa’s largest economy. Unlike the United States which has witnessed consumer prices coming down from a peak of 9.1% in June 2022,...

August 14, (THEWILL) - The Nigerian Content Development and Monitoring Board (NCDMB) and the Anti-Corruption Agency of Nigeria (ACAN) recently concluded a three-day sensitisation workshop on “Achieving Zero-tolerance for Corruption in the Workplace,” with staff educated on the...