Business

January 21, (THEWILL) - Billionaire businessman, Femi Otedola, has racked up shares worth N6 billion of Dangote Cement Plc in his name, according to market reports. Africa’s large cement maker Dangote Cement recently outpaced telecommunications powerhouse Airtel Africa to become...

January 21, (THEWILL) - Credit ratings agency, Fitch, has said that the Central Bank of Nigeria (CBN) continues to face a shortage of foreign exchange to clear the forex backlog. The country’s high debt-service-to-revenue ratio is also contributing to a...

January 21, (THEWILL) - The Nigerian Civil Aviation Authority (NCAA) has declared a ‘no pay, no service’ sanction on defaulting airlines as part of measures to recover over N47 billion that the airlines owe it. Acting Director General of the...

January 21, (THEWILL) - The Executive Vice Chairman/CEO of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has unveiled key drivers for the telecoms industry. This was part of activities to mark his first 100 days in office following his...

Abia State attracted the highest foreign investment within four months of Dr Alex Otti’s tenure as governor. Dr Otti was inaugurated on May 29, 2023 as the 4th governor of the 32-year-old subnational since the return to democracy in...

January 21, (THEWILL) - The expansion drive by Aiteo Group, Nigeria’s foremost independent energy operator, to establish presence in the Central and Southern Africa territory signposts strategic move towards global competition. Like Nigerian banks, which are combing the nooks and...

January 20, (THEWILL) - The Nigerian economy is at its lowest since Independence. All macroeconomic fundamentals have been moving in the wrong direction even the performance of various sectors is nothing to write home about. The eight years...

January 18, (THEWILL) - The Nigerian Communications Commission (NCC) says it has put on hold the authorised partial disconnection of Globacom by MTN over unpaid debt. The NCC said this in a statement signed by Reuben Muoka, the director of...

January 18, (THEWILL) - As part of its 5-year Strategic Plan expansion, Access Holdings Plc says its subsidiary, Access Bank, has agreed to acquire a majority stake in Finance Trust Bank Limited (FTB) in Uganda. In a statement filed...

January 17, (THEWILL) - The Central Bank of Nigeria (CBN) has said that it will collaborate with relevant agencies to impose appropriate sanctions against foreign exchange violations. This follows a forensic review which uncovered severe infractions, widespread abuse,...