Business

June 15, (THEWILL) - Nigeria’s inflation rate climbed to 22.41% in May 2023, marking a new 17-year high, on accelerated price of food amid lingering insecurity across the country. The National Bureau of Statistics (NBS) monthly inflation rate published Thursday...

June 14, (THEWILL) - The Central Bank of Nigeria (CBN) has announced the unification of all segments of the Nigerian forex market. The apex bank, in a statement Wednesday, announced the collapse of all windows into the Investors & Exporters...

June 14, (THEWILL) - Nigerian billionaire businessman, Tony Elumelu and his family, have raised their stake in Transnational Corporation Plc (Transcorp) to more than one-third, according to a report seen by this newspaper. This has taken their combined interest in...

June 14, (THEWILL) - The Nigerian Naira lost 40 percent of its value Wednesday, the first day it was floated at the I&E Window of the Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX), signaling a slope towards official...

June 14, (THEWILL) - The Central Bank of Nigeria (CBN) is set to effect exchange rate convergence, a move that will end the multiple exchange windows that have been widely criticised over the years. Banking sources told THEWILL Wednesday...

June 14, (THEWILL) - OPEC on Tuesday kept its oil demand growth forecast for 2023 mostly unchanged from last month but warned of increased economic uncertainties ahead due to high interest rates and persistent inflation. OPEC sees global oil demand...

June 14, (THEWILL) - Nigerian stocks soared to their pinnacle since 9 June 2008 on Tuesday as the benchmark index enlarged by 4 per cent. The new development strengthened optimism that the much-needed liquidity in the market may soon return...

June 14, (THEWILL) - The Association of Public Procurement Practitioners of Nigeria (APPON) has conferred the Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, with the “Excellent Service Delivery and Accountability...

June 14, (THEWILL) - ExxonMobil has appointed Adesua Dozie as the new vice chairperson for its Nigerian affiliates Mobil Producing Nigeria Unlimited (MPN) and Esso Exploration and Production Nigeria Limited (EEPNL). The appointment takes effect from 12 June, ExxonMobil said...

June 14, (THEWILL) - TotalEnergies announced Tuesday the discovery of Ntokon oil and gas on OML102 offshore Nigeria. The company, in a statement published on its website, said the well is located in shallow waters, 60 km off the southeast...