Business

Bleak Outlook As Debt Servicing Gulps 106% Of FG’s Revenue

October 08, (THEWILL) - Notwithstanding the “bold” reforms introduced by the Nigerian government to address the lingering structural challenges impacting on the nation’s fiscal space, emerging facts reveal that the economy is headed for a bleak outlook as the...

UBA Grooms Future Professionals Across Africa In Graduate Management Programme

October 08, (THEWILL) - Africa’s Global Bank, United Bank for Africa (UBA) Plc, yesterday held the maiden edition of its expanded Graduate Management Accelerated Programme (GMAP) where over 700 graduates were inducted into the UBA tribe after a rigorous...

VFD Group Plc Lists On Nigerian Exchange, Commemorates With Closing Gong Ceremony (NGX )

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October 08, (THEWILL) - VFD Group Plc, a sector-agnostic proprietary investment company, is pleased to announce its listing on the Main Board of Nigerian Exchange Limited (NGX), the sustainable Exchange championing Africa's growth. On Friday, October 6, 2023, the...

‘Natural Resource-backed Loans Disaster For Africa’

October 08, (THEWILL) - The International Monetary Fund (IMF) has strongly supported a call by the African Development Bank Group urging countries in Africa to stop borrowing loans backed by their natural resources. The IMF Managing Director Kristalina Georgieva met...

Is The Internet A Location For Business Growth?

October 08, (THEWILL) - Businesses in Africa, large, small, and micro, continue to bear the brunt of inflation, high energy costs (diesel and electricity), and, more broadly, global economic turbulence, particularly the crisis in Ukraine and Russia which has...

Nigeria’s Investment Inflow Fell 9% in Q2 2023 – NBS

October 07, (THEWILL) - The total value of capital importation into Nigeria in the second quarter of the year fell to $1.03 billion from $1.13 billion in the preceding quarter, the National Bureau of Statistics (NBS) said on...

Troubled State of Refineries Points To Underutilised NCDMB

October 07, (THEWILL) - A major fallout from the recently concluded 6th international conference organised by the Centre for Gas, Refining and Petrochemicals (CGRP) of the University of Port Harcourt, based on the reports, was that the Nigerian Content...

Investors’ Scramble for Access, WAPCO, UBA Stocks Lifts Market With N140.77bn Gain

October 06, (THEWILL) - Gains in Access Corporation, WAPCO, and UBA, contributed to lift the stock market by N140.77 billion on Thursday. The three fortune-raisers earned +0.31% (against N16.15 per share), +0.51% (against N29.60 share price) and +0.30%...

First Naira Denominated Infrastructure Fund Lists On NGX

October 05, (THEWILL) - The first local currency-denominated infrastructure investment trust fund in Nigeria and Sub-Saharan Africa, Nigeria Infrastructure Debt Fund (NIBF) has been listed on Nigerian Exchange Limited (NGX). The listing, which took place on Thursday 5 October, was...

Naira Depreciates To N775.20/$ In I&E Window

October 05, (THEWILL) - The naira plunged deeper into depreciation on Thursday shedding 2.5 percent as it exchanged N775.20 to a dollar, against N756.21 it traded at the I&E window a day before. This is about the lowest dip in...