Business

December 31, (THEWILL) - The Federal government has approved a 100% per cent Value Added Tax (VAT) waiver on Feed Gas for all processed, Compressed Natural Gas (CNG) and imported liquified petroleum gas, with immediate effect. The VAT-free waiver also...

December 31, (THEWILL) - Food prices recorded average increase across the country in November 2023, the National Bureau of Statistics (NBS) has said. Average price of 1kg of boneless beef increased by 29.61 per cent from N2,337.46 recorded in November...

December 31, (THEWILL) - While Nigerian leaders comb the nooks and crannies of the world persuading foreign investors to troop in and invest in Nigeria, the National Bureau of Statistics (NBS) says Foreign Direct Investment (FDI) has shrunk to...

December 31, (THEWILL) - In a demonstration of sustained quality corporate leadership among the 155 listed companies, Transporp Hotels Plc emerged the best equity on the Nigerian Exchange (NGX), in terms of return-to-date performance for 2023. According to data by...

December 31, (THEWILL) - Afrobeat’s sensation, Adekunle Gold, popularly known as AG Baby, mesmerised hundreds of music lovers and inspired youths at a pre-Christmas concert sponsored by FirstBank, Nigeria’s premier financial institution. The event, aptly named “Stacked December Party,”...

The Naira lost 96.5 percent in value, year-to-date, as it closed N907.11/$1 at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, December 29, 2023. This is N445.6 loss (representing 96.5 percent) against N461.5/$1 the local currency opened on January...

December 29, (THEWILL) - Total investment inflow, otherwise called capital importation, into the economy crashed to a record low of $654.65 million in the third quarter of the year (Q3 2023). The National Bureau of Statistics (NBS) disclosed in its...

December 29, (THEWILL) - The Nigerian equities market hit the peak of N40.91 trillion in market capitalisation at the close of trading on December 29, 2023 - the highest in its 63 years of existence. All Share Index also...

December 29, (THEWILL) - The Board of Directors of the Nigerian Exchange Group Plc has announced the appointment of Temi Popoola as GMD/CEO designate, subject to the Securities and Exchange Commission (SEC)’s formal approval. Additionally, Jude Chiemeka has...

December 29, (THEWILL) - Nigeria’s much awaited $2.25 billion foreign exchange support facility from the Afreximbank is expected to arrive today, Friday, December 29, 2023. The facility agreement which the Nigerian National Petroleum Company Limited (NNPCL) signed in September 2023...