Business

Nigeria’s Tethys Emerges Sole Brand Licensee For Texaco Lubricants

October 22, (THEWILL) - A Nigerian company, Tethys Ltd., has emerged as the sole brand licensee for Texaco lubricants across the country. Speaking at the Chevron-Tethys Texaco Lubricants relaunch on Thursday in Lagos, Mr Jaap Jan Mohlmann, Manager, Distributor and...

Heirs Energies Committed to Environmental Development – Elumelu

October 21, (THEWILL) - The Chairman of Heirs Energies, Tony Elumelu, has said that the newly rebranded firm is totally committed to environmental development from a global standpoint. Elumelu made this disclosure while speaking on the unveiling of the company’s...

Policy Reversal On 43 Import Items Compounds Manufacturers’ Woes

October 22, (THEWILL) - If there are winners and losers in the recent policy reversal which restored the 43 import items formerly restricted from the official foreign exchange (forex) window, it is the manufacturing sector. In a twist of events,...

Parallex Bank Assures Customers Of Technology-Driven, Premium Services

October 20, (THEWILL) - Parallex Bank has assured customers of continued technology-driven, premium value-adding services that will exceed their expectations. Managing Director of the bank, Femi Bakre, made this known at the opening of the bank's Lekki, Lagos branch on...

Tinubu Appoints Olasupo Olusi New MD/CEO For Bank Of Industry

October 19, (THEWILL) - President Bola Tinubu has approved the appointment of Dr Olasupo Olusi, to serve as the Managing Director and Chief Executive Officer of the Bank of Industry (BOI) for a term of four (4) years in...

Bode Agusto, Founder of Nigeria’s First Rating Firm, Dies at 68.

October 19, (THEWILL) – Bode Agusto, Nigerian economist and founder of Agusto & Co, Nigeria’s first credit rating agency, has passed away at 68. Agusto is also a former Director-General of the Budget Office. Before his passing, Agusto was an independent...

FMDQ Changes ‘I&E Window’ to ‘NAFEM’

October 19, (THEWILL) – In a move to abolish segmentation within the foreign exchange (FX) market and bring about greater consistency in terminology, the FMDQ Exchange has announced the change of Investors’ and Exporters’ (I&E) Window” to Nigerian...

Heirs Holdings Oil & Gas Rebrands, Becomes Heirs Energies Ltd

October 19, (THEWILL) - Heirs Holdings Oil & Gas has announced a major rebranding, and changed its name to Heirs Energies Limited with a new logo colour scheme, reinforcing the strategy of meeting Africa’s unique energy needs in a...

Shocker: Naira Trades N1,100/$ on Parallel Market, Official Window Turnover Shrinks to $69.88m

October 18, (THEWILL) - Nigeria’s naira closed trading at a record low of N1,100 per dollar on the parallel market on Wednesday according to data from Aboki.fx, an online forex tracking platform. Lagos street currency traders who spoke to THEWILL...

Investors’ Hunt for Zenith Bank, GTCO, UBA Stocks Lifts Equities Market by N16bn

October 18, (THEWILL) - The rally recorded in major bank stocks led to a N16 billion gain on the equities market Wednesday as investors intensified their hunt for key bellwether stocks. This extended the bullish trend of yesterday to...