Business

Some investors in Nigerian quoted firms have expressed worry over the stream of losses that has trailed the business of Guinea Insurance Plc in the last five years. A study of the firm’s financial statements showed that it has recorded...

The Director/CEO of Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has commended the bold economic decisions of the newly inaugurated Bola Ahmed Tinubu administration, especially the unification of the Central Bank of Nigeria (CBN) exchange...

It is no longer news that former President Muhammadu Buhari left office on May 29, 2023, after eight years, without delivering the national carrier or flag carrier, as some persons describe it, Nigeria Air. The carrier was among his...

June 17, (THEWILL) – Daily market turnover rose to $311.82 million Friday at the I&E forex window - two days after the Central Bank of Nigeria (CBN) announced the Naira floating policy, This represents a 444 percent surge from...

June 16, (THEWILL) - The Naira witnessed the biggest slump in many years as it crashed severely at the I&E window Thursday to record N702.19/US$1. This reflects a depreciation of 5.4 percent compared to the N664/US$1 recorded on Wednesday, June...

June 16, (THEWILL) - A United Nations agency, the World Food Programme, (WFP) has said that over 25 million Nigerians will face acute hunger in 2023 due to food insecurity, peaking during the ‘lean season’. The projection was made known...

June 15, (THEWILL) - Nigeria’s equities market ended in red Thursday as the bullish trend that dominated trading in the previous two days gave way to the bears, with the bourse losing N430 billion. Market capitalization closed at N32.2 trillion...

June 15, (THEWILL) - Nigeria’s inflation rate climbed to 22.41% in May 2023, marking a new 17-year high, on accelerated price of food amid lingering insecurity across the country. The National Bureau of Statistics (NBS) monthly inflation rate published Thursday...

June 14, (THEWILL) - The Central Bank of Nigeria (CBN) has announced the unification of all segments of the Nigerian forex market. The apex bank, in a statement Wednesday, announced the collapse of all windows into the Investors & Exporters...

June 14, (THEWILL) - Nigerian billionaire businessman, Tony Elumelu and his family, have raised their stake in Transnational Corporation Plc (Transcorp) to more than one-third, according to a report seen by this newspaper. This has taken their combined interest in...