Business

2024 Budget Proposal: BudgIT Highlights Alarming Issues, Discrepancies, Calls for Urgent Review

December 12, (THEWILL) - BudgIT, a leading civic-tech organisation promoting transparency, accountability, and effective service delivery in Nigeria, has raised concerns over the proposed 2024 Appropriation Bill presented to the National Assembly by President Bola Ahmed Tinubu. THEWILL...

Nigeria Records N948.07bn VAT In Q3 2023 — NBS

December 11, (THEWILL) - The aggregate Value Added Tax (VAT) stood at N948.07 billion in Q3 2023, the National Bureau of Statistics (NBS) has said in its VAT Q3 2023 Report released on Monday, in Abuja. This shows a growth...

CBN Suspends Processing Fees on Large Cash Deposits

December 11, (THEWILL) – The Central Bank of Nigeria (CBN)has issued a new directive to all banks, other financial institutions, and non-bank financial institutions, suspending the processing charges previously imposed on large cash deposits. This change, referenced under the...

Access Bank Achieves Milestone With Approval To Commence Operations In Hong Kong

December 11, (THEWILL) - Access Bank UK, the wholly owned subsidiary of Access Bank PLC, has received approval from the Hong Kong Monetary Authority to commence formal banking operations in Hong Kong. The approval is a testament to Access Bank’s...

Corporate Exodus: Another ‘Oil Major’, Consumer Goods Giant Flee Nigeria

December 10, (THEWILL) - Even with the seemingly intensified efforts of the Bola Tinubu Administration to attract foreign investors into Nigeria, not a few companies have opted to leave the country in recent times. This ‘corporate exodus’ is largely...

Climate Change: Oando, Cross River Government Announce Renewable Energy Plans

December 10, (THEWILL) - Oando Clean Energy (OCEL), the renewable energy business subsidiary of Oando Energy Resources, a part of the Oando PLC Group, is amongst the private sector players participating in COP28. In line with its remit and COP28...

FMDQ Calls For Enhanced Action To Attract $30tn Sustainability Fund

December 10, (THEWILL) - The FMDQ Group has charged capital market stakeholders to make more efforts to attract part of the $30tn sustainability fund available globally into the Nigerian capital market. Dr Vincent Nwani, the Head of Research at the...

Equities Market Closes Negative For The Week

December 10, (THEWILL) - The NGX All-Share Index appreciated by 0.27%, while the Market Capitalization depreciated by 0.23% to close the week at 71,419.87 and N39.082 trillion respectively. A total turnover of 2.543 billion shares worth N38.644 billion in 36,138...

NGX Enlightens Retiring Military Officers On Personal Finance, Investing

December 10, (THEWILL) - In line with its commitment to further deepen financial literacy and increase the participation of retail investors in the capital market, Nigerian Exchange Limited (NGX), in collaboration with Zenith Bank and supported by Africa Prudential,...

Ecobank Secures $200m Loan To Fund Climate Ambitions

December 10, (THEWILL) - Ecobank Transnational International (ETI) as sealed a deal that will avail $200 million in sustainability-linked loan to the lender, the Lomé-based banking group said Friday. The group of five European Development Institutions are Proparco, Norfund, FMO,...