Business

August 17, (THEWILL) - The Chartered Institute of Bankers of Nigeria (CIBN) has said that the foreign exchange reform introduced by the Central Bank of Nigeria (CB) which involves floating the naira, is unsuitable for economic development. In a...

August 17, (THEWILL) - The Nigerian National Petroleum Company Limited (NNPCL) has explained that the $3 billion crude oil loan agreement it signed with the African Export-Import (AFREXIM) bank was not tied to a sovereign guarantee and will not...

August 16, (THEWILL) - The board of Access Corporation Plc has announced a delay in the release of its Half-Year (HY) financial results due to an ongoing audit of its subsidiaries. This was disclosed in the company’s statement to...

August 16, (THEWILL) - The Nigerian National Petroleum Company Limited (NNPCL) said it has jointly signed a commitment letter and Termsheet with Afreximbank for an emergency $3 billion crude oil repayment loan that will stablise the volatile foreign...

August 15, (THEWILL) - The National Union of Air Transport Employees (NUATE) has directed Aviation Security (AVSEC) and the logistics sub-sector to commence an immediate strike from Wednesday, August 16, 2023, over poor remuneration. The union, in a circular...

August 15, (THEWILL) - Nigeria's inflation rate hit 24.08 percent in July 2023, according to the National Bureau of Statistics (NBS) monthly Consumer Price Index (CPI) report on Tuesday. This is the highest rate reported in 15 years since 2008...

August 15, (THEWILL) - Kenya has reinstated a small subsidy to stabilise retail fuel prices for the next 30 days. Aljazeera reports, quoting the energy regulator, Energy and Petroleum Regulatory Authority (EPRA), as saying the move was a reversal...

August 15, (THEWILL) - The oil market is in a bullish move and heading well into the $90 per barrel range, Bob McNally, President at Rapidan Energy, told CNBC’s Squawk Box program on Monday, according to Oilprice.com. Oil hitting...

August 15, (THEWILL) - Nigerian Exchange Limited (NGX), along with the Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria (ASHON), have demonstrated their willingness to collaborate with the Federal Government through the Ministry...

August 15, (THEWILL) - The Investors’ and Exporters’ (I&E) window of the forex market recorded a total daily turnover of $1.6 billion between July 15 and August 14, 2023 marking the second month of floating the naira. The local...