Business

July 03, (THEWILL) - Saudi Arabia is extending its unilateral 1 million bpd production cut into August, the world’s top crude exporter said on Monday, sending oil prices rising by 1%. “An official source from the Ministry of...

July 03, (THEWILL) - The African Development Bank (AfDB) has approved a loan request of $115 million for the Abia State Government for its road rehabilitation, erosion control infrastructure projects and solid waste management. The loan request was made...

July 03, (THEWILL) - Nigeria lengthened the run of growth in its factory output to three months in a row in June as manufacturers raced to increase goods in stock to beat potential spikes in inflation, according to Stanbic...

...Describes him as a market colossus Nigerian Exchange Limited (NGX), Chartered Institute of Stockbrokers (CIS) and other market stakeholders on Monday held a mock-trading session and Closing Gong Ceremony in honour of late Otunba Subomi Balogun, FCS, CON, the founder...

July 03, (THEWILL) - The Nigerian equities market picked up from where it left off last week, closing higher on gains in MTNN (+1.7% from N13.762 share price), STANBIC (+9.3% against share price of N59), and ACCESSCORP (+9.9% from...

July 03, (THEWILL) - Again, Zenith Bank Plc has retained its ranking as the number one bank in Nigeria, by Tier-1 Capital, in the 2023 Top 1000 World Banks’ Rankings, published by The Banker Magazine. For the fourteenth...

The Nigerian Ports Authority (NPA) has begun the evacuation of overtime cargoes to help decongest the port. The General Manager, Corporate and Strategic Communications of NPA, Josephine Moltok, announced this through a statement in Lagos. Moltok said the decongestion of...

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has told Nigerians to be prepared to begin to pay N700 per litre of petrol from July, 2023. IPMAN’s National Controller Operations, Mr. Mike Osatuyi, who disclosed this to newsmen further added...

The naira depreciated by 0.9% to NGN769.25/USD at the I&E window as against N763 on Tuesday (before the two-day public holiday to commemorate the Muslim festival of Eid-el-Kabir). Turnover rose 9% to close at $263.45 against $245.65 on Tuesday. Nigeria’s...

In efforts to boost Nigeria’s foreign exchange earnings, the Nigerian Export-Import Bank (NEXIM), has announced a strategic partnership with Fidelity Bank Plc and Sapphital Learning Ltd. The partnership will help improve the skills and performance of export businesses in Nigeria...