Business

October 02, (THEWILL) - The Central Bank of Nigeria (CBN) has revealed that the economy recorded $10.7 billion aggregate foreign exchange inflow in April and May 2023 The CBN, which disclosed this in its May economic report on foreign...

October 01, (THEWILL) - A seemingly innocuous memo from the Central Bank of Nigeria (CBN) to all banks, regarding their audited financial results in the first-half, 2023, has turned controversial. The memo has in fact become a cause for...

Fidelity Bank gained 90.8 percent on price valuation year-to-date as it closed its last trading day on Friday, September 29, 2023 at N8.30 per share on the Nigerian Exchange (NGX). The price represents a 1.2% gain over its previous closing...

October 01, (THEWILL) - Dangote Group, a Nigerian multinational industrial conglomerate, announced Thursday that its subsidiaries have paid N474 billion in tax to the federal government in three years. A representative of the Dangote Group, Hashem Ahmed, disclosed this at...

October 01, (THEWILL) - Six months into its 5-year Strategic Plan (2023-2027), Access Corporation has further raised the bar – consolidating on its prime status as Nigeria’s largest quoted company, by assets, its half-year (HY 2023) results have shown. Generally,...

September 28, (THEWILL) – The Nigeria Labour Congress (NLC) says it has no agreement with the federal government to call off the planned indefinite strike for 3 October. The News Agency of Nigeria (NAN) reports that Head of Information and...

September 28, (THEWILL) – Continued decline in major banking stocks --- GTCO (-0.72% from N34.75), Access Corporation (-0.32% against N15.55) and FBNH (-0.31% against N14.10) were the drivers of the market's weak performance. As a result, the ASI's year-to-date (YTD)...

September 28, (THEWILL) – The Nigerian Union of Petroleum and Natural Gas (NUPENG) on Thursday directed its members to commence full mobilisation to ensure compliance with the directive of the Nigerian labour unions to embark on an indefinite strike. Members...

September 26, (THEWILL) – Nigeria naira set a new record on Tuesday, falling to N1,000 against the dollar at the parallel market, on confirmation of Dr Olayemi Cordorso as the new Central Bank of Nigeria (CBN) Governor by the...

September 26, (THEWILL) – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s total annual upstream capital expenditure decreased from $27billion in 2014 to less than $6billion in 2022. The News Agency of Nigeria (NAN) reports that the...