Business

February 04, (THEWILL) - The Director General, National Automotive Design and Development Council (NADDC), Joseph Osanipin, led a three-man delegation on a week-long visit to the South African Auto Industry, penultimate week. Other members of the delegation...

February 04, (THEWILL) - The Nigerian Content Development and Monitoring Board (NCDMB) has restated its commitment to accelerated approvals of requests and documents submitted to it by operating oil and gas companies. The goal is to ensure speedy development...

February (THEWILL) - The strong regulation by the Nigerian Communications Commission (NCC) over the telecommunications (telecoms) industry has created the environment for expanded revenue opportunities by government, banks and operators, THEWILL can confirm. The various windows of taxes, levies and...

February 03, (THEWILL) - The Central Bank of Nigeria (CBN) has refuted reports that the Federal Government is planning to convert $30 billion domiciliary deposits to Naira. The rebuttal followed report by a national newspaper (not THEWILL), that the...

February 03, (THEWILL) - The Naira lost a whopping N548.48 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) in January, 2024. This represents a 60.46 percent depreciation during the month. The local currency opened the month with N907.11 per dollar...

February 02, (THEWILL) - Duties payable on imported goods at Nigerian ports have gone up following a 43% hike in the exchange rate for cargo clearance by the Federal Government through the Central Bank of Nigeria (CBN). THEWILL reports that...

February 02, (THEWILL) - The Central Bank of Nigeria (CBN), has removed allowable limit of exchange rate quoted by the International Money Transfer Operators (IMTOs). The apex bank had directed the IMTOs to quote rates within a permissible range...

February 01, (THEWILL) - The Naira appreciated on Thursday morning, exchanging for N1,380 to $1 on the parallel market after it fell to over N1,500 on Tuesday and Wednesday. ThIs is coming amid fresh moves by the Central Bank...

February 01, (THEWILL) - Bureau De Change (BDC) operators in Abuja have announced an indefinite shutdown of business over scarcity of US dollars. Abdulahi Dauran, Chairman of the Abuja chapter of the Association of BDC, said online banking transactions...

January 31, (THEWILL) - Transnational Corporation of Nigeria (Transcorp), reported a two-fold jump in bottom line to N34.1 billion for the 2023 financial, according to its earnings report issued Wednesday. Energy, which contributed 78 per cent of gross revenue, is...