Business

To meet expanding local demand, Nigeria will spend up to $100 million on the importation of palm oil in 2023, going by available data from the National Bureau of Statistics (NBS). The figure is based on the value of...

July 08, (THEWILL) - Oba Otudeko’s Honeywell Group last Thursday bought 4,770,269,843 shares of First Bank of Nigeria Holdings (FBNH) Plc in a cross deal worth N87.8 billion, thus making the multibillionaire businessman the largest shareholder of Nigeria’s...

July 06, (THEWILL) -The Naira reversed the gains of Wednesday (N748.31) and depreciated by 2.8 percent to trade N762/63/$ at the I&E window according to FMDQ’s website on Thursday. Market turnover climbed to $89.37 million from $88.68 million the...

July 05, (THEWILL) – Nigeria’s deposit money banks have announced revised transaction limits that allow their customers to withdraw up to N200,000 from the Automated Teller Machines (ATM) per day. In a message to its customers through their e-mail,...

July 05, (THEWILL) - Three months after it transited to a holding structure in April 2023, Sterling Financial Holdings Company Plc has announced the appointment of new Chairman, CEO, and Non-Executive Directors. This was disclosed in an official statement...

July 05, (THEWILL) - Due to the current reforms and competition among exchanges in global financial markets, Nigerian Exchange Limited (NGX) has revealed that it is working assiduously with the Central Securities Clearing System (CSCS) Plc and other stakeholders...

July 05, (THEWILL) - The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has officially announced that the investment profile in the nation’s telecommunications sector, comprising foreign direct investment (FDI) and local investment,...

July 05, (THEWILL) - Nigeria earns the least in terms of per capita among the Organization of Petroleum Exporting Countries (OPEC) group, recording $51 income for each of her citizens in the first five months of 2023, according to...

July 05, (THEWILL) - Nigeria Naira closed at N742.31/$ on Monday, gaining 3.5 percent over yesterday’s N768.44/$ on the I&E Window, according to report by FMDQ. The aggregator also announced on its website that daily turnover on the...

July 04, (THEWILL) - The domestic bourse today slipped as the benchmark index closed 1.99% weaker at 60,715.04 points against 61,949,24 the previous day.. Gains in PRESCO (+1.69% from N190 per share), FCMB (+4.26% from N5.45 per share), and...