Business

CBN Clears More FX Liabilities Backlog, Releases $500m To Various Sectors

January 29, (THEWILL) - The Central Bank of Nigeria (CBN), has released $500 million to various sectors in its determination to address the backlog of verified foreign exchange transactions,  This comes barely a week after the Bank paid approximately $2.0...

FIRS Concludes Strategic Meeting Amid High Performance Scorecard

January 28, (THEWILL) - The Federal Inland Revenue Service (FIRS) concluded its two-day strategic meeting last Wednesday-Thursday in Abuja where it showcased its exceptional performance scorecard. The report showed that the revenue agency collected a record N12.374 trillion as tax...

Expert Lauds Domination Of Equities Market By Local Investors

January 28, (THEWILL) - The Managing Director/Chief Executive of Arthur Steven Asset Management Limited, Mr Olatunde Amolegbe, has commended the rising profile of domestic players against foreign investors on the Nigerian Exchange. He noted that the development will guarantee the...

Heirs Energies Marks 3rd Anniversary, Rolls Out Achievements

January 28, (THEWILL) - Heirs Energies has commemorated its three-year anniversary. In a short timescale, Heirs Energy has implemented a track record of significant production increases, pioneered a new model of community engagement and built a world class Nigeria...

NGX Plans Listing Rule Review to Align With Global Markets For Expansion

January 28, (THEWILL) - The Group Managing Director and Chief Executive Officer, of Nigerian Exchange Group Plc, Mr Temi Popoola has said that the Exchange is working with the regulator to review its listing rules aligning them with global...

NCDMB’s Executive Secretary To Deliver Keynote Address At SAIPEC 2024

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January 28, (THEWILL) - The newly appointed Executive Secretary of the Nigerian Content Development and Monitoring Board, NCDMB, Felix Omatsola Ogbe has confirmed to deliver a keynote address at the opening of PETAN’s SAIPEC 2024 outlining NCDMB’s vision for...

Equities Market Maintains Bullish Trend in Week Ended January 26

January 28, (THEWILL) - The NGX All-Share Index and Market Capitalization appreciated by 8.32% to close the week at 102,401.88 and N56.038 trillion respectively A total turnover of 2.981 billion shares worth N57.873 billion in 67,962 deals was traded this...

Significance And Symbolism Of Shell’s Exit From Nigeria

January 28, (THEWILL) - Global oil giant, Shell, operating in Nigeria as Shell Petroleum Development Company (SPDC), on Tuesday, January 16, 2024, announced the sale of its US$1.3 billion onshore oilfields and gas assets to Renaissance—a consortium of five...

Dangote Refinery: Don’t Expect Petroleum Products Supply In 3 Months – Experts

January 28, (THEWILL) - Those banking on the newly inaugurated Dangote Refinery and Petrochemical Company to ease the burden of high cost of petroleum products, such as Premium Motor Spirit (PMS), also known as petrol; Automotive Gas Oil (AGO),...

Access Holdings Gets Regulatory Approval To Acquire Majority Stake In ARM Pensions

January 27, (THEWILL) - Access Holdings Plc has disclosed that Access Golf Nigeria Limited, a majority shareholder of Access Pensions Limited and a subsidiary of Access Holdings, has received the necessary regulatory clearances for its proposed acquisition of a...