Business

July 10, (THEWILL) - Nigerian equities opened the week strong Monday as the benchmark index gained 2.48% to close at 64,603.69 points, the highest point since 17 March 2008, against 63,040.41 recorded last Friday. Market capitalisation rose to N35.1 trillion...

July 10, (THEWILL) - Total capital importation into Nigeria in Q1 2023 stood at US$1,132.65 million, lower than US$1,573.14 million recorded in Q1 2022, indicating a decrease of 28.00% the National Bureau of Statistics (NBS) stated in its...

July 09, (THEWILL) - FOREIGN Investors Network (FIN), a key driver of Foreign Direct Investment (FDI) for Africa and other developing economies, has nominated the Managing Director/CEO of Ibom Power Company Limited, Engr. Meyen Etukudo for its FIN -Award...

Over half of the domestic flights in Nigeria between January and March were delayed, an official report states, confirming the complaints of travellers about incessant flight delays in the country’s airports. Of the total 18,288 domestic flights within the period,...

The Equity market touched the highest peak since 2008 on Friday, hitting N34,3 trillion from N33.7 trillion in the previous trading. The All-Share index advanced by 3.4% w/w to close at 63,040.41 points, pushing the YTD return to +23.0%.. The...

A leading e-commerce company, Jumia has reported that mobile phones demand significantly increased in Nigeria’s rural areas in 2023, representing the most ordered items by rural dwellers. The company, in its just published yearly insight report tagged “E-commerce in Rural...

The Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers (PwC), Taiwo Oyedele, has been appointed to chair the Presidential Committee on Fiscal Policy and Tax Reforms announced on Friday. The committee is in consonance with the new administration’s ...

Zenith Bank Plc was recently announced Nigeria’s Best Bank for Three Consecutive Years in the Global Finance Best Banks Awards 2022, signposting another robust half-year result being eagerly expected by investors. The bank retains the award for a third consecutive...

The rising investment in the telecommunications (telecoms) sector will expand financial inclusion, boost to Nigeria’s ailing economy and give a fillip to the low gross domestic product (GDP). The is exemplified in the recent statement by the nation’s telecoms...

Like the proverbial advice not to let the left hand know what the right hand is giving, the President Bola Tinubu-led Federal Government last week suspended some taxes that the real sector had complained was bleeding businesses to bankruptcy,...