Business

May 24, (THEWILL) – South Africa, which is going through an energy crisis, is weighing the possibility of extending the operational lives of two of its largest coal-fueled power plants to boost energy security, Oilprice.com reports Wednesday. The plants,...

May 24, (THEWILL) – Energy experts say cooler temperatures this week and a dip in available wind power this month are boosting the demand outlook for June for U.S. natural gas, leading to nearly 3% price gains on...

May 24, (THEWILL) – Nigeria’s economic growth slowed in the first quarter of 2023 as the Gross Domestic Product (GDP) grew by 2.31 per cent year-on-year within the quarter, the National Bureau of Statistics (NBS) has said. The statistics...

May 24, (THEWILL) – The Central Bank of Nigeria (CBN) on Wednesday after the two-day Monetary Policy Committee (MPC) meeting, raised its benchmark interest rate known as the Monetary Policy Rate (MPR), by 50 basis hit 18.5 --...

May 24, (THEWILL) - The Nigerian National Petroleum Company Ltd on Tuesday commenced an oil drilling campaign at the Wadi-B well located in Jere Local Government Area of Borno State. The Group Chief Executive Officer of NNPCL, Mele Kyari, said...

May 23, (THEWILL) - The Central Bank of Nigeria (CBN) has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country. The revocation exercise was disclosed in the official gazette of...

May 22, (THEWILL) - The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has commended the Dangote Group for establishing a reputation for credit worthiness. He also disclosed that a huge portion of the commercial loans extended to the group...

May 21, (THEWILL) - Telecom group, MTN, has said it plans to increase prices in selected markets due to the elevated inflation in the operating environment. This disclosure was made in its 2023 first quarter report filed on the Johannesburg...

Over the years, embarking on road trips across Nigeria provided one with some of the most fulfilling and memorable experiences of my life. Our country is blessed with natural and beautiful landscapes, local cultures, languages and architecture that change...

Investors in Nigeria’s second-oldest bank, Union Bank of Nigeria Plc, have expressed dismay over the planned delisting of the 106-year-old financial services institution from the Nigerian Exchange, emphasising that the action smacks of poor corporate governance. The Tier-2 bank had...