Business

Capital Market to Decline by N55.3bn as GSK Exits Nigeria After 51 Years of Operations

August 03, (THEWILL) - Nigeria’s equities market will lose N55.3 billion market capitalisation following GlaxoSmithKline’s (GSK), plan to close its operations in Nigeria after 51 years. The British multinational .pharmaceutical and biotechnology company which commenced operations in Nigeria...

World Bank President Visits Nigeria August 3

August 02, (THEWILL) - The World Bank President, Ajay Banga, will visit Nigeria this week as part of his mission to advance a global tour and improve the bank’s relationship with partners and countries of the world. A statement...

UK To Deepen Investment Relationship With Nigeria Exchange Limited

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August 02, (THEWILL) - The United Kingdom (UK) through its Foreign, Commonwealth and Development Office (FCDO) has stated that it will continue to focus on building future investment links and collaborate with Nigerian Exchange Limited (NGX) to ensure...

Tinubu’s Palliative Measures Faulty, Can’t Revamp Economy— IPMAN

August 02, (THEWILL) - The Independent Petroleum Marketers Association of Nigeria, IPMAN, has expressed doubts over the several palliative measures being dished out by the President Bola Tinubu administration, describing them as faulty and potentially ineffective. This assertion was...

Equities Market Records N79bn Loss, As Naira Slumps To N789.08/$

August 02, (THEWILL) - Nigeria's equities market opened the eight month of the year Tuesday on a negative note, losing N79 billion as the capital market closed N34.9 trillion against N35.1 trillion it ended July activities on...

Impressive Earnings Boost NGX Market Cap By N1.8trn In July As Naira Closes N796.54/$

July 31, (THEWILL) - Transactions at Nigerian Exchange Limited (NGX) closed the month of July 2023 on a positive note as earnings and dividend declaration from quoted companies helped NGX market cap gain N1.814 trillion. The gain was also supported...

Lagos Reduces Bus Fares By 50 Percent

July 31, (THEWILL) - Governor of Lagos State, Babajide Sanwo-Olu, has slashed the fares of state-owned buses by 50 per cent to cushion the effect of the fuel subsidy removal. Mr Sanwo-Olu announced this on Monday in a video shared...

Zenith Bank Retains Nigeria Best Commercial Bank, Best Corporate Governance Bank Awards At London Stock Exchange

July 31, (THEWILL) - It was double honours for Zenith Bank Plc at the London Stock Exchange as the bank was named the Best Commercial Bank in Nigeria for the third year running and Best Corporate Governance Bank,...

PenCom Denies Alleged ‘Millions of Dollars’ Estacodes Spent by its DG

July 30, (THEWILL) - The National Pension Commission (PenCom) has denied the allegations that its Director-General, Mrs Aisha Dahir-Umar, claimed millions of dollars in estacodes during the COVID-19 lockdown in 2020, describing the allegation as “outrageous falsehood and fiction”. The...

NIM Tasks CBN On Access To Credit By Entrepreneurs

July 30, (THEWILL) - The Nigerian Institute of Management, NIM, has urged the Central Bank of Nigeria, CBN, to come up with policies that will facilitate access to credit by entrepreneurs. The NIM made this known in a 20-point communiqué,...