Business

The Federation Account Allocation Committee says it shared N655.93bn among the three tiers of government in April 2023. The figure represents a decrease of N58.7bn compared to the N714.63 billion shared in March 2023. FAAC disclosed this in a...

The NGX All-Share Index and Market Capitalization depreciated by 0.05% to close last week at 52,187.93 and N28.417 trillion respectively. A total turnover of 3.029 billion shares worth N33.626 billion in 29,505 deals was traded last week by investors on...

The action is based on the Nigerian Communications Commission’s (NCC) approval of a Unified USSD codes for all mobile networks in Nigeria. And just in case you did not also know, from May 18, 2023, the only way to check...

Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. Brent futures rose 59 cents, or 0.8%, to $76.45 a barrel...

Weakness in Chinese assets marred an otherwise positive day for markets as US equity futures and stocks across much of Asia pushed higher on encouraging signs from debt-ceiling talks in Washington. Hong Kong shares slid Friday in a decline...

The newly appointed board chairman for the Nigerian Deposit Insurance Corporation, NDIC, Abdulhakeem Abdullateef, has said he would be prudent in the management of the agency’s resources. Mr Abdullateef disclosed this in a post in his verified Facebook account. The former...

The combined bank lending to oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry was N6.62tn as of December 2022, according to data from the Central Bank of Nigeria. (CBN). While operators in...

For Nigeria to exit from the current fiscal crisis, create prosperity for its citizens and fulfill its obligations to them, we must end the decades-old drainpipe of petrol subsidy. There is no good time to do it. Postponing the...

May 21, (THEWILL) - The Nigerian Communications Commission (NCC) has reported that telecommunication mobile services subscriptions in the country declined by 0.4 per cent to 225.8 million in March 2023 from the 226.8 million subscriptions recorded in the preceding...

May 21, (THEWILL) - The Lagos State Governor, Babajide Sanwo-Olu, on Friday commissioned an innovation laboratory in Ikorodu. The innovation laboratory — SAIL (Senator Abiru Innovation Lab) was set up by Tokunbo Abiru, the Lagos East senator, and his wife,...