Business

January, 06, (THEWILL) - Foreign airlines operating in Nigeria have concluded arrangements to resort to ticket sales in dollar, thereby ending the roller-coaster experience of naira transactions. THEWILL authoritatively gathered that the airlines have vowed to resort to dollar...

January 06, (THEWILL) - The Federal Government is set to sack the boards of Union Bank Limited and Titan Trust Bank Limited next week in a move to effectively take over the two financial service institutions, a source...

January 03, (THEWILL) - Airtel Africa Plc on Wednesday announced the retirement of the Chief Executive Officer, Olusegun “Segun” Ogunsanya, with effect from 1 July, 2024. Mr. Ogunsanya, who joined Airtel in 2012, ran the Nigeria Operations of the Telecommunications...

January 03, (THEWILL) - Nigeria’s deposit money banks have announced that they will comb their customers’ accounts to deduct the backlog of Electronic Money Transfer Levy (EMTL) on old foreign currency transactions. The deductions, which will be effected in...

January 03, (THEWILL) - In what points to the continued roller-coaster regime for the naira in the new year, the local currency slumped to N988.46 to a dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Tuesday, January...

January 03, (THEWILL) - The Central Bank of Nigeria (CBN) has announced that cash withdrawals will not be possible from accounts operated for virtual and digital asset transactions. Withdrawals from these accounts would only be available by transfer or manager’s...

January 02, (THEWILL) - In the first trading day of the year, the Nigerian equities opened on a bright note as market capitalisation rose to N41.58 trillion. This translates to N665.98 billion gain against the closing figure of N40.98 trillion...

January 02, (THEWILL) - NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced that it is set to begin its conversion to full Commercial Banking Business following its recent requisition of the national commercial banking license...

January 02, (THEWILL) - The Nigerian Investment Promotion Commission (NIPC) has granted 34 companies there years tax exemption in 2023 to promote investment and drive economic growth and development. Head of Incentives Administration, NIPC, Lovina Kayode, disclosed this during...

December 31, (THEWILL) - By every measure, the year 2023 has been one of the most challenging in living memory to operators in all sectors of the Nigerian economy: all economic projections and benchmarks missed their targets by wide...